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

Navigating the world of credit cards can be daunting, but the Bank of America Customized Cash Rewards Credit Card offers a straightforward path to financial benefits. Designed to reward your spending habits, this card stands out with its ability to let you choose how you earn rewards. Whether you’re keen on maximizing your grocery shopping or prefer to earn cash back at gas stations, the flexibility this card provides can make it an excellent fit for a variety of lifestyles.

One of the standout features is its 3% cash back in the category of your choice, alongside 2% at grocery stores and wholesale clubs on the first $2,500 in combined purchases each quarter. With no annual fee and a generous introductory offer, it’s an attractive choice for those looking to save while they spend. In this guide, we will walk you through the process of applying for this card, ensuring a smooth path to unlocking these rewards.

Unlock the Benefits of the Bank of America Customized Cash Rewards Credit Card

Versatile Cashback Rewards

The Bank of America Customized Cash Rewards Credit Card offers a rewarding cashback system, allowing you to earn 3% cashback in a category of your choice, such as gas, online shopping, dining, travel, drug stores, or home improvement/furnishings. Additionally, you receive 2% cashback at grocery stores and wholesale clubs, and 1% cashback on all other purchases. By strategically choosing the 3% category that aligns with your spending habits, you can maximize your cashback returns.

Additional Bonus Cash Back

As a new cardholder, you can benefit from an introductory offer to earn a bonus cashback upon reaching a specified spending amount within the first 90 days. This is an excellent opportunity to jump-start your cashback earnings. Make sure to plan large purchases or essential expenses during this period to fully capitalize on the promotion.

Low Introductory APR

Enjoy a period of 0% introductory APR on purchases and eligible balance transfers for the first 15 billing cycles. This feature can be incredibly beneficial if you need to make significant purchases or want to consolidate higher-interest debt. Be mindful of transferring balances within the specified timeframe to take full advantage of this offer.

Preferred Rewards Membership Advantages

If you’re a Bank of America Preferred Rewards member, you can enhance your cashback rewards by earning between 25% and 75% more cash back on every purchase. This tiered membership program rewards loyalty and enhances the value of every dollar spent, making it an excellent choice for those already banking with Bank of America.

SIGN UP TO GET YOUR BANK OF AMERICA CUSTOMIZED CASH REWARDS CREDIT CARD

The Bank of America Customized Cash Rewards Credit Card is designed for consumers who want to maximize their cash rewards based on their spending habits. With flexible cash back rewards, users can effectively manage their finances while enjoying benefits tailored to their everyday purchases.

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

• Minimum Credit Score: An applicant typically needs a fair to excellent credit score, often starting around the mid-600s, to be considered for the Bank of America Customized Cash Rewards Credit Card.
• Proof of Income: You are required to demonstrate a stable income. This could be through recent pay stubs, tax returns, or even pension earnings if applicable.
• U.S. Residency: Applicants must be U.S. citizens or permanent residents with a valid Social Security number or taxpayer identification number.
• Minimum Age Requirement: You must be at least 18 years old to apply for a credit card in the United States, unless you are a stay-at-home spouse or dependent with qualifying access to household income.
• No Recent Bankruptcies: It’s advisable that applicants have no recent history of bankruptcy or foreclosures on their credit report.
• Existing Bank Relationship: Having an existing relationship with Bank of America, such as a checking or savings account, may boost your chances, although it is not mandatory.

LEARN MORE DETAILS ABOUT BANK OF AMERICA CUSTOMIZED CASH REWARDS CREDIT CARD

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

Step 1: Visit the Bank of America Website or Local Branch

Begin the application process by navigating to the Bank of America website or visiting a local branch. For online applications, go to the credit card section on their official site. At a branch, a customer service representative can assist you. Make sure you have your identification and personal information ready.

Step 2: Review Your Credit Score and Eligibility

Before proceeding, it’s essential to review your credit score to understand your eligibility. Most credit card issuers prefer applicants with a fair to excellent credit score. Utilize free credit score checking tools online if needed, or consult with a bank professional for advice.

Step 3: Fill out the Application Form

On the Bank of America website, locate the application form for the Customized Cash Rewards Credit Card. Provide accurate personal information, including your Social Security Number, employment details, and annual income. Carefully review the terms and conditions before submitting.

Step 4: Submit the Application and Await Approval

Once you’ve completed the application form, submit it for review. If you applied online, you may receive a decision within a few minutes, or it might take a couple of days. In case of in-branch applications, the representative will guide you through the next steps.

Step 5: Receive and Activate Your Credit Card

Upon approval, your new credit card will be mailed to you. Upon receipt, activate your card by following the instructions provided, which may include calling a customer service number or using the online activation feature.

GET YOUR BANK OF AMERICA CUSTOMIZED CASH REWARDS CREDIT CARD THROUGH THE WEBSITE

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

What type of rewards can I earn with the Bank of America Customized Cash Rewards Credit Card?

With the Bank of America Customized Cash Rewards Credit Card, you can earn 3% cash back in a category of your choice. This includes options such as online shopping, dining, gas, travel, drug stores, and home improvement. Additionally, you’ll earn 2% cash back at grocery stores and wholesale clubs. For all other purchases, you’ll receive 1% cash back. Keep in mind that these rewards apply to the first $2,500 spent in combined choice category/grocery store/wholesale club purchases each quarter, then 1% thereafter.

Are there any fees associated with the Bank of America Customized Cash Rewards Credit Card?

This credit card comes with no annual fee, making it a cost-effective choice if you want to earn rewards without the burden of yearly costs. However, be aware of other potential fees, such as foreign transaction fees, balance transfer fees, and late payment fees, which can apply under certain conditions.

How does the introductory APR offer work for this card?

The Bank of America Customized Cash Rewards Credit Card offers an introductory 0% APR for the first 15 billing cycles on purchases and any balance transfers made within 60 days of opening the account. After this period, the APR will change to a variable rate, which can fluctuate based on market conditions.

How can I redeem the cash rewards I earn?

Cash rewards can be redeemed in several convenient ways. You have the option to deposit the rewards directly into a Bank of America checking or savings account, apply them as a statement credit, or even use them to purchase gift cards. Note that redemption options and availability might vary, so it’s important to review your options through your account portal.

Is the Bank of America Customized Cash Rewards Credit Card suitable for international use?

While you can use this card internationally, it’s important to note that foreign transaction fees will apply for purchases made outside of the United States. This can amount to 3% of the transaction, so if you frequently travel abroad, you might want to consider alternatives that offer no foreign transaction fees.

Linda Carter

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.