Bank of America Customized Cash Rewards Credit Card Review

A credit card that puts you in control of your rewards, designed to fit your spending habits seamlessly.

The Bank of America Customized Cash Rewards Credit Card is a game-changer for anyone looking to maximize their spending potential. With the ability to choose your top cash back category and generous rewards across everyday purchases, it offers unparalleled flexibility. Whether you’re shopping for essentials, dining out, or planning your next getaway, this card ensures you get rewarded where it matters most.

Built on Bank of America’s trusted foundation, this card is tailored for modern lifestyles. Its combination of customizable rewards, no annual fee, and exceptional customer support make it a standout choice for anyone aiming to make smarter financial decisions.

CREDIT CARD

BANK OF AMERICA CUSTOMIZED CASH REWARDS

CASH REWARDS BONUS NO ANNUAL FEE

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Benefits Detailed

Personalized Cash Back Rewards

The Bank of America Customized Cash Rewards Credit Card stands out for its personalized rewards system. This unique feature allows you to select the category where you’ll earn 3% cash back, such as gas, groceries, dining, online shopping, or even home improvement. You also earn 2% cash back at grocery stores and wholesale clubs, applicable to the first $2,500 of combined spending in these categories per quarter. For all other purchases, you’ll enjoy 1% cash back, ensuring consistent rewards across the board.

Zero Annual Fee

This card is designed with cost-conscious users in mind, offering the flexibility of earning rewards without the burden of an annual fee. With no yearly charges, you can focus on maximizing the value of your purchases while enjoying all the card’s benefits at no extra cost.

Flexible Reward Redemption

Flexibility is a hallmark of this card’s rewards program. You can redeem your cash back in several ways: as a statement credit, a deposit into your Bank of America checking or savings account, or even a transfer to your Merrill Lynch Cash Management Account. This variety ensures your rewards work in harmony with your financial goals.

Introductory APR Period

The card features a competitive introductory APR for purchases and balance transfers, providing a low-interest option for an initial period. This makes it an excellent choice for managing significant expenses or consolidating existing debt, giving you time to pay off balances without accruing high interest.

Student-Friendly Features 

Recognizing the unique needs of students, this card includes educational tools and resources to help young adults build their credit responsibly. These features make it an excellent option for students looking to establish a strong financial foundation while enjoying practical rewards.

Welcome Bonus

New cardholders can jumpstart their rewards with a $200 cash back bonus after spending $1,000 in purchases within the first 90 days of opening their account. The bonus can be redeemed as a statement credit or direct deposit, offering flexibility and a quick way to boost your earnings.

Loyalty Perks

Existing Bank of America customers can supercharge their rewards through the Preferred Rewards program. Depending on your account balance, you can earn an additional 25% to 75% on your rewards. This loyalty bonus incentivizes consolidation of funds with Bank of America and significantly increases the value of your cashback.

Who Can Apply?

To be eligible for the Bank of America Customized Cash Rewards Credit Card, you must:

• Be at least 18 years old (19 in Alabama and Nebraska).
• Have a valid Social Security Number or Taxpayer Identification Number.
• Possess a fair to excellent credit score (typically 670 or higher).
• Meet Bank of America’s general income and financial stability requirements.

How to Apply

Applying for the Bank of America Customized Cash Rewards Credit Card is simple:

1. Visit the Official Website: Navigate to the Bank of America credit cards page and select the Customized Cash Rewards Card.
2. Click “Apply Now”: Begin your online application process.
3. Provide Personal Details: Enter your name, contact information, and Social Security Number.
4. State Your Income: Share your annual income and housing costs to help determine eligibility.
5. Submit Your Application: Review the information and click “Submit.” Approval decisions are often immediate.

FAQs

What is the spending cap for the 3% and 2% categories?

The 3% and 2% cash back rates apply to the first $2,500 in combined purchases per quarter. After that, you’ll earn 1% cash back on all additional purchases in those categories.

Can I change my 3% cash back category?

Yes, you can change your 3% category once per month through the Bank of America mobile app or website.

Does this card have foreign transaction fees?

Yes, the card charges a 3% foreign transaction fee, which makes it less suitable for frequent international use.

Is there a penalty for late payments?

Yes, late payments may incur a fee and affect your APR. Always aim to pay on time to avoid additional costs.

Do rewards expire?

No, your rewards do not expire as long as your account remains in good standing.]

CREDIT CARD

BANK OF AMERICA CUSTOMIZED CASH REWARDS

CASH REWARDS BONUS NO ANNUAL FEE

GET CARD You will be redirected