Apply for Bank of America Customized Cash Rewards Credit Card Easy Guide

The Bank of America Customized Cash Rewards Credit Card offers 3% cash back in your chosen category, 2% at grocery stores, and 1% on other purchases. Enjoy a 0% APR for 15 billing cycles, no annual fee, and extra rewards for existing Bank of America customers.

By: Beatriz on December 13, 2024

Unlock a world of financial perks tailored to your lifestyle with a flexible, user-friendly ally in managing your expenses. The Bank of America Customized Cash Rewards Credit Card not only understands your spending habits but also rewards them. Imagine earning cashback on everyday purchases like groceries, gas, and even dining out. With this card, you can enjoy 3% cashback in the category of your choice and 2% at grocery stores and wholesale clubs—up to $2,500 in combined choice category/grocery store/wholesale club purchases each quarter.

Something as simple as an afternoon coffee run can start adding rewards to your wallet. Designed for both convenience and simplicity, this card aligns with your lifestyle while providing exceptional security features and no annual fee. Stay in control of your finances and enjoy the benefits. Discover how this card can work for your financial future.

Benefits of the Bank of America Customized Cash Rewards Credit Card

Cash Back on Every Purchase

The Bank of America Customized Cash Rewards Credit Card offers a flexible and rewarding cash back program. You can earn 3% cash back in the category of your choice, such as gas, online shopping, or dining. Additionally, you’ll receive 2% cash back at grocery stores and wholesale clubs, and an unlimited 1% cash back on all other purchases. To maximize these rewards, consider strategically selecting your 3% category based on your monthly spending habits.

Introductory APR Offer

For those looking to manage their finances efficiently, this credit card provides an introductory 0% APR on purchases and balance transfers for the first 15 billing cycles. This feature can be particularly useful if you need to make a large purchase or want to consolidate existing debt. Just be sure to pay off your balance before the intro period ends to avoid interest charges.

No Annual Fee

The absence of an annual fee means more savings directly in your pocket. This benefit makes the Bank of America Customized Cash Rewards Credit Card a cost-effective option for earning rewards without the worry of recurring yearly charges. Remember, it’s always wise to allocate any saved costs towards paying off your balance or augmenting your savings.

Additional Bonus for Bank of America Customers

If you have an existing savings or checking account with Bank of America, you can qualify for a Preferred Rewards bonus. This can increase your cash back earnings by up to 25%-75%. It’s a great way to maximize the benefits if you’re an existing customer, so be sure to enroll in the Preferred Rewards program.

Requirements for Applying for the Bank of America Customized Cash Rewards Credit Card

Minimum Age: You must be at least 18 years old to apply for the Bank of America Customized Cash Rewards Credit Card. If you’re under the age of 21, you may need to show proof of independent income or have a co-signer.
Credit Score: Although Bank of America doesn’t specify an exact credit score, having a good to excellent credit score (typically 670 or higher) would increase your chances of getting approved. Your credit history reflects your reliability in handling debt and influences approval decisions.
U.S. Address: Applicants need a valid U.S. residential address. This requirement helps ensure all card communications reach you, and it verifies your residency.
Income: While there isn’t a set minimum income, you need to demonstrate that you have sufficient income to manage payments on new debt. This helps ensure you can handle the added responsibilities of a credit card.
Social Security Number: You need to provide a valid Social Security number for identification and credit reporting purposes. This is essential for running a credit check and assessing your creditworthiness.

How to Apply for the Bank of America Customized Cash Rewards Credit Card

Step 1: Visit the Bank of America Website

To start your application for the Bank of America Customized Cash Rewards Credit Card, head over to the Bank of America’s official website. You can do this by opening your preferred web browser and typing in the URL or searching for the card directly through a search engine. Once on the homepage, navigate to the credit cards section to find the Customized Cash Rewards Credit Card.

Step 2: Explore the Card Details

Before applying, it’s important to understand what the card offers. The Customized Cash Rewards Credit Card allows you to earn cash back on purchases. Take your time to read the terms and conditions, checking for interest rates, fees, and cashback categories to ensure this card suits your financial needs.

Step 3: Click on ‘Apply Now’

Once you’ve reviewed the card details and you’re ready to proceed, look for the ‘Apply Now’ button on the card’s webpage. Clicking this will direct you to the application form where you’ll need to provide your personal information, such as your Social Security number, income details, and employment information. Ensure all the information is accurate to avoid any delays in processing your application.

Step 4: Submit Your Application

After completing the application form, carefully review all your information for accuracy. Once you are satisfied, submit your application. You should receive a confirmation that your application has been received. Keep this confirmation for your records.

Step 5: Wait for Approval

After submitting your application, Bank of America will review your information. This process may take a few business days. Once a decision is made, you will be notified via mail or email regarding your approval status. Upon approval, your new credit card will be mailed to your address.

GET YOUR BANK OF AMERICA CUSTOMIZED CASH REWARDS CREDIT CARD TODAY

Frequently Asked Questions about the Bank of America Customized Cash Rewards Credit Card

What are the main benefits of the Bank of America Customized Cash Rewards Credit Card?

The Bank of America Customized Cash Rewards Credit Card offers a flexible rewards structure. 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’ll receive 2% cash back at grocery stores and wholesale clubs, and 1% on all other purchases. It offers adaptability by allowing you to switch the 3% category each month, catering to your changing spending habits.

Are there any annual fees associated with this credit card?

No, the Bank of America Customized Cash Rewards Credit Card does not have an annual fee. This feature makes it a cost-effective option for those looking to earn cash back without the burden of yearly charges.

Is there an introductory APR offer available?

Yes, this credit card offers a 0% introductory APR for the first 15 billing cycles on purchases and any balance transfers made within the first 60 days. After this period, the APR will revert to a standard rate, which varies based on your creditworthiness.

How can I maximize my cash back earnings with this card?

To make the most of your cash back rewards, select the 3% category that aligns closest with your biggest spending segment each month. For instance, if you anticipate spending more on gas in the upcoming month, set your 3% category accordingly. Furthermore, take advantage of the 2% cash back at grocery stores and wholesale clubs, and ensure to utilize the 1% cash back for all other purchases to maximize your benefits.

Does the card offer any bonus for new cardholders?

Yes, new cardholders can earn a $200 online cash rewards bonus after they make at least $1,000 in purchases in the first 90 days of account opening. This welcome offer provides a great incentive to start using your card for everyday expenses.