Apply for Bank of America Customized Cash Rewards Credit Card A Step-by-Step Guide
When you’re exploring options for a credit card that aligns with your spending habits, it’s important to find one that not only meets your needs but also offers incentives that reward your lifestyle. Enter the Bank of America Customized Cash Rewards Credit Card—a versatile option designed to provide you with more control over your benefits. With this card, you can earn cash back on purchases, allowing you to maximize rewards where you spend the most.
Imagine enjoying 3% cash back in the category of your choice, whether it’s gas, online shopping, dining, or another popular option. Plus, you’ll benefit from 2% cash back at grocery stores and wholesale clubs. Offering a practical solution for everyday life, this card also comes with a competitive APR and no annual fee. Learning the ins and outs of this card can transform your spending habits into a rewarding experience, ultimately saving you more every day.
Benefits of the Bank of America Customized Cash Rewards Credit Card
Flexible Cash Back Earning Potential
One of the standout features of the Bank of America Customized Cash Rewards Credit Card is its attractive cash back earning system. You can earn 3% cash back on a category of your choice, such as gas, online shopping, dining, travel, drug stores, or home improvement and furnishings. Additionally, you earn 2% cash back at grocery stores and wholesale clubs, allowing you to maximize your cash back on essential purchases. To take full advantage, plan your major spending around these categories each quarter to maximize savings.
No Annual Fee
A key benefit of this credit card is that there is no annual fee. This is particularly advantageous for those who want to enjoy the perks of earning cash back without worrying about an additional, recurring charge. Without an annual fee, this card becomes a cost-effective option for everyday use, even if you’re only an occasional spender.
Introductory APR Offer
The card offers an introductory 0% APR on purchases and balance transfers for the first 15 billing cycles. This can be highly beneficial if you’re planning a big purchase soon or looking to consolidate existing debt. By taking advantage of the 0% APR period, you can manage your debt more affordably and pay it off interest-free during this time window.
Bonus for Bank of America Preferred Rewards Members
If you are a Bank of America Preferred Rewards member, you receive an additional 25% to 75% rewards bonus on every purchase. This means that your cash back could increase significantly, enhancing your earnings just by maintaining qualified accounts. Ensure you’re enrolled in the Preferred Rewards program to capitalize on this extra benefit.
Online and Mobile Banking Capabilities
The Bank of America Customized Cash Rewards Credit Card also comes with robust online and mobile banking tools. You can easily track your rewards, manage payments, and more through the mobile app. This convenience allows you to stay on top of your financial activities anytime and anywhere. Use these digital tools to ensure you’re optimizing your spending within the chosen categories and to monitor your remaining balance effectively.
LEARN MORE DETAILS ABOUT BANK OF AMERICA CUSTOMIZED CASH REWARDS CREDIT CARD
| Feature | Description |
|---|---|
| Cash Back Rewards | Earn up to 3% cash back on customizable spending categories. |
| No Annual Fee | Enjoy rewards without the cost of an annual fee, making it budget-friendly. |
The Bank of America Customized Cash Rewards Credit Card offers unique features tailored to your spending habits. One of the most attractive aspects is the potential to earn up to 3% cash back on specified categories, such as gas or groceries. This flexibility allows users to maximize their earnings based on where they spend the most.Furthermore, unlike many competing cards, this card has no annual fee, making it an appealing choice for those who wish to enjoy rewards without incurring extra costs. This combination of customizable rewards and zero annual fees makes the card particularly valuable for everyday spending, providing both convenience and savings.
Requirements to Apply for Bank of America Customized Cash Rewards Credit Card
- Credit Score: Applicants typically need to have a good to excellent credit score, which is generally considered to be a FICO score of 670 or higher. This demonstrates a history of responsible credit usage and repayment.
- Proof of Income: Providing proof of a stable and sufficient income is crucial. This ensures the capacity to repay any balances or lending obligations. Pay stubs, tax returns, or direct deposit statements usually work as valid documentation.
- Age Requirement: Applicants must be at least 18 years old. If you are under 21, you may need to demonstrate independent income or provide a co-signer due to legal requirements.
- U.S. Residency: Applicants need to be U.S. citizens or permanent residents to qualify for this card. Documentation such as a Social Security number or an Individual Taxpayer Identification Number (ITIN) may be necessary.
- Bank Account: While not always mandatory, having an existing Bank of America account can facilitate the application process and might provide additional benefits and easier reward management.
SEE HOW TO GET YOUR BANK OF AMERICA CUSTOMIZED CASH REWARDS CREDIT CARD
How to Apply for the Bank of America Customized Cash Rewards Credit Card
Step 1: Visit Bank of America’s Official Website or Local Branch
To start your application, first access Bank of America’s website. Simply open your internet browser and type in ‘www.bankofamerica.com’. Once there, locate the section for credit cards, or directly go to their credit cards page. If you prefer a more personal touch, you can also visit a local Bank of America branch where a representative will assist you through the process.
Step 2: Choose the Customized Cash Rewards Credit Card Option
On the credit cards page, you’ll find several options available. Look for the Customized Cash Rewards Credit Card option. This card offers flexible cash back rewards tailored to your spending habits. Click on this option to learn more about its benefits and determine if it fits your financial needs.
Step 3: Begin the Application Process Online or In-Branch
If you have chosen to apply online, click on the ‘Apply Now’ button located on the credit card page to begin your secure application form. Fill out all necessary details such as your personal information, employment details, and income. In case you are at a branch, provide this information verbally to the bank representative. Ensure accuracy to avoid delays.
Step 4: Review and Submit Your Application
Before submission, carefully review all your entered information. Double-check essential details such as your social security number and annual income to ensure there are no errors. Once you are satisfied, submit your application. Online applicants simply click submit, while in-branch applicants will have the representative handle the submission.
Step 5: Wait for Approval and Receive Your Card
After submitting your application, Bank of America will review your credit profile. This process can take a few business days. You’ll receive an email or a physical mail notifying you of the decision. Upon approval, your new credit card will arrive by mail, ready to activate and use.
SIGN UP TO GET YOUR BANK OF AMERICA CUSTOMIZED CASH REWARDS CREDIT CARD
Frequently Asked Questions about Bank of America Customized Cash Rewards Credit Card
What are the main features of the Bank of America Customized Cash Rewards Credit Card?
This credit card offers a combination of cash rewards that are tailored to your spending habits. You can earn 3% cash back in a category of your choice, such as gas, online shopping, dining, travel, drug stores, or home improvement/furnishings. Additionally, you earn 2% cash back at grocery stores and wholesale clubs. All other purchases give you 1% cash back. There is also a cash back cap of $2,500 in combined 3% and 2% category purchases each quarter.
Is there an annual fee for the Bank of America Customized Cash Rewards Credit Card?
No, the Bank of America Customized Cash Rewards Credit Card has no annual fee. This makes it an attractive option for those who want to maximize their cash back without the burden of an annual charge.
How do the introductory APR offers work for this credit card?
The card comes with a 0% introductory APR on purchases and balance transfers made within the first 60 days for the first 15 billing cycles. After this period, a variable APR of 18.24% to 28.24% will apply, depending on your creditworthiness.
Can I change the 3% cash back category? If so, how often?
Yes, you can change your 3% cash back category every month, giving you flexibility to maximize rewards based on your anticipated spending. You have the option to switch between categories like gas, travel, or online shopping, among others.
What are the benefits if I’m a Bank of America Preferred Rewards member?
If you are part of the Bank of America Preferred Rewards program, you can receive a 10% to 75% rewards bonus on each purchase, depending on your level of membership. This significantly enhances your cash back earnings, making the card even more rewarding if you have a qualifying Bank of America or Merrill account.
Linda Carter is a writer and financial expert specializing in personal finance and financial planning. With extensive experience helping individuals achieve financial stability and make informed decisions, Linda shares her knowledge on the our platform. Her goal is to empower readers with practical advice and strategies for financial success.