The Bank of America Customized Cash Rewards credit card allows you to personalize the cashback category, making it ideal for those who want to adjust their rewards according to their spending habits.
With a focus on offering smart financial returns, it stands out as a versatile and hassle-free option. In addition to being a no-annual-fee card, it offers an attractive initial bonus and the opportunity to increase your rewards with Bank of America’s Preferred Rewards program.
This card is designed for those who value both the freedom of choice and the security and reliability associated with one of the largest financial institutions in the United States. Want to know more? Keep reading and find out why this card might be the perfect choice for you.
About the Issuer
Bank of America is one of the largest and most respected banks in the United States, known for its extensive network of financial services and commitment to innovation and security.
As the issuer of the Bank of America Customized Cash Rewards, the bank offers a complete range of financial products, from bank accounts to investments, always prioritizing customer satisfaction and protection.
With over a century of history, Bank of America has a solid reputation in the market, recognized for its ability to provide financial solutions that meet the needs of a diverse audience.
Benefits
Customizable Cashback: The card’s main differentiator is the ability to choose a spending category where you’ll receive 3% cashback. Categories include gas, online shopping, dining, travel, drug stores, and home improvement. This flexibility allows you to maximize your earnings in areas where you spend the most each month by adjusting the cashback category according to your needs.
Rewards at Grocery Stores and Wholesale Clubs: In addition to the customizable category, the card offers 2% cashback on purchases made at grocery stores and wholesale clubs, such as Costco and Sam’s Club. However, there is a combined limit of $2,500 per quarter for the 2% and 3% categories. After reaching this limit, all purchases in these categories earn 1% cashback until the next quarter.
Rewards on All Purchases: For other purchases made with the card, you can accumulate 1% unlimited cashback to always come out ahead.
Welcome Bonus: One of the initial attractions of this card is the $200 cashback bonus you can earn by spending $1,000 in the first 90 days after approval. This bonus is deposited directly into your cashback account, which can help offset initial expenses.
Increased Rewards with the Preferred Rewards Program: Customers participating in the Bank of America’s Preferred Rewards program can increase their cashback earnings by up to 75%, depending on their tier (Gold, Platinum, or Platinum Honors).
No Annual Fee: One of the biggest benefits of the Bank of America Customized Cash Rewards is the absence of an annual fee, which means you can enjoy all these advantages without additional costs. This makes it an accessible option for consumers looking to save without worrying about recurring fees.
Security Benefits: The card is equipped with EMV chip technology and a contactless payment option, ensuring additional security in your transactions. Additionally, Bank of America offers fraud protection with its zero liability policy, ensuring you are not held responsible for unauthorized purchases made with your card.
Bank of America Customized Cash Rewards Credit Card – Fees and commissions
The Bank of America Customized Cash Rewards stands out for its competitive fees, including an introductory 0% APR for 15 billing cycles on purchases and balance transfers, along with no annual fee.
After this period, the APR varies between 19.24% and 29.24%, depending on your credit score. It’s important to note that rates may change without notice, so check the terms before applying.
Bank of America may update these rates according to its internal policies, so before applying, visit the bank’s official website to check the current conditions.
Card limit
The credit limit of the Bank of America Customized Cash Rewards varies according to the customer’s financial profile, including factors such as credit history, income, and existing debts.
Customers with a high credit score can expect higher limits, while those with lower scores will have more modest limits. It is always recommended to maintain a good credit history to ensure access to better limits and conditions.
The credit limit is determined after a detailed analysis of your financial profile by Bank of America. This analysis is essential to ensure that the granted limit aligns with your payment capacity, promoting responsible credit use.
Positive points
- Reward Flexibility:The ability to change the cashback category monthly is a big plus.
- No Annual Fee:Offers significant advantages without an annual cost.
- Increased Cashback:Preferred Rewards customers can earn up to 75% more in cashback.
Negative points
- Category Limitation:The 3% cashback is limited to one category at a time.
- Quarterly Limit:The 2% and 3% cashback is limited to $2,500 per quarter.
- International Fee:Charges 3% on transactions made outside the U.S.
How to apply for Bank of America Customized Cash Rewards Credit Card
The Bank of America Customized Cash Rewards credit card can be applied for as follows:
- Visit the official Bank of America website;
- Click “Apply Now” to start the application process;
- Fill in the requested personal information, including income and credit history;
- Review the terms and conditions before submitting;
- Submit the application and wait for approval;
- After approval, the card will be sent to your address;
- Activate the card by following the provided instructions.
How to contact Bank of America
To contact Bank of America:
- Phone: 800-932-2775;
- Online Chat: Available on the Bank of America website;
- Branch: Visit a branch and speak with a representative.
The Bank of America Customized Cash Rewards credit card is a versatile option that combines flexibility and security. If you’re looking for a card that offers customizable rewards with no annual fee, this might be the ideal choice for you. Visit the Bank of America website and apply for yours today!
