Don’t bank harder, bank smarter choosing where you want to earn high cash back rates. Discover the Bank of America Customized Cash Rewards.
Everything’s better when we have the power to choose and Bank of America decided to give you this kind of power. The Bank of America Rewards credit card is a no annual fee card that offers simplicity with high rates.
With this card you can choose and change your bonus rewards category, including gas, online shopping, dining, travel, drug stores, or home improvements and furnishing. Plus, earn unlimited 1% cash back on all other purchases and a welcome bonus. And if you already are a Bank of America, this credit card can be even more valuable. Is one of the best credit cards, right?
Bank of America Customized Cash Rewards
High rewards rate $200 bonus cash backCustomized Cash Back
Although Bank of America Customized Cash Rewards Credit Card default 3% cash back category is gas, you can change it online or via mobile app for another category that best fits with your spending habits every month. The 3% cash back you can choose between the following options:
- Gas/EV charging
- Online shopping (including Cable, Streaming, Internet and Phone services such as Amazon, Best Buy, Apple and more)
- Dining (sit-down restaurants, fast-food restaurants, bars, cocktail lounges, nightclubs, taverns and more)
- Travel
- Drugstores
- Home improvement and furnishings (Ace Hardware, Williams-Sonoma, air conditioning repair, plumbers, landscapers, antique shops, florists and much more).
Plus, earn 2% cash back on grocery stores and wholesale clubs for the first $2,500 of combined bonus category/grocery store/wholesale club spending per quarter and 1% back on all other purchases.
Redeeming Rewards
As if matching your rewards with your spending patterns wasn’t good enough, redeeming rewards is straightforward, easy and you can even set up automatic redemptions. You can do it as a:
- Statement credit
- Direct deposit into an eligible Bank of America account
- Credit to an eligible account with Merrill
- Check, with minimum redemption of $25
- Contribution to a 529 account with Merrill, with minimum redemption of $25
Although you can set up automatic redemptions to a Bank of America or Merril account, your rewards will never expire. So don’t worry if you forget to redeem it!
Bank of America Customized Cash Rewards Credit Card benefits
Bonus after approval
Most cards that have this high cash back rate don’t offer a welcome bonus. However, Bank of America Customized Cash Rewards Credit Card wants to boost your earning potential and make your life easier. Thus, new cardholders earn a $200 cash back bonus after making at least $1,000 in purchases in the first 90 days of account opening that can be used as a statement credit or pocket it via a direct deposit. The upside is if you use it for your customized purchases, it’s easy to meet the welcome offer requirement.
$0 Annual Fee
Despite many rewards cards charge annual fees to offset the cost of providing users with cash back, points and miles, Bank of America Customized Cash Rewards knows that those fees sometimes trap you. Therefore, this credit card doesn’t charge any fee, giving you the option of using it if you so choose.
Introductory APR promotion
This credit card has an introductory APR on balance transfers that is really competitive and stands up. You will have 0% introductory APR on balance transfers and purchases made in the first 60 days for the first 15 billing cycles after account opening. Thus, if you have a balance, Bank of America Customized Cash Rewards Credit Card will help you to save money on interest on past debt or new purchases! After all, not everything is all about rewards.
Loyalty bonuses
This credit card by itself already has plenty of perks. However you can boost your earnings even more with the loyalty bonuses. The upside of this program is that you can earn 25% to 75% more on your Bank of America credit card rewards, among other benefits. Combine balances in Bank America or Merrill accounts and see your earnings increasing.
Stay Protected
Don’t worry if your card is ever lost, stolen or used fraudulently. This card is protected by Visa’s security measures if something goes awry with your account. So, Bank of America Customized Cash Rewards Credit Card will give you security on purchases plus protection against unauthorized charges.
Overdraft protection
Are you tired of declined purchases, returned checks or other overdrafts? This credit card can be used as an overdraft protection when you link it to a Bank of America checking account.
Digital Wallet Availability
There is nothing more practicable than not having to take your wallet everywhere you go. And Bank of America Customized Cash Rewards Credit Card offers you exactly this. This credit card is compatible with Google Pay, Apple Pay and Samsung Pay. Your payments have become easier!
Museums On Us
It has already been over two decades since Bank of America credit cards and debit cards started to give cardholders free general admission to over 225 cultural institutions. This happens during the first weekend of every month and all you must do is present your Bank of America card and a valid photo ID to gain free entrance.
Who can apply?
Though your credit score must be at least 690, if you are 18 years or older and live in the U.S. you can apply for this credit card.
How to apply?
Applying for a Bank of America Customized Cash Rewards Credit Card is easier than you think:
- Go to the Bank of America website and look for Bank of America Customized Cash Rewards Credit Card
- Click on Apply Now
- Read Terms and Conditions
- Fill your personal and financial details
- Submit your application
Frequently asked questions
Can I manage my Bank of America credit card account from almost anywhere?
Yes, whether you use online or mobile banking, you can access your account wherever you are..
Do I need to pay to enroll in the Rewards program?
Believe it or not, signing up is totally free and you don’t need to purchase anything.
How can I increase my credit limit?
If you are eligible, you can request a credit limit increase online, on the other hand, you can do it by calling the number located on the back of your credit card.
What is the credit limit on Bank of America Customized Cash Rewards Credit Cards?
Your credit limit will likely be based on your creditworthiness.
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