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

If you’re on the hunt for a credit card that adapts to your spending habits, the Bank of America Customized Cash Rewards Credit Card might be your perfect match. Designed with flexibility in mind, this card allows you to earn cash back rewards tailored to your lifestyle. Whether it’s dining, travel, or everyday essentials, you can enjoy up to 3% cash back on the category of your choice, and 2% at grocery stores and wholesale clubs for the first $2,500 in combined choice category/grocery store/wholesale club quarterly purchases.

What sets this card apart is not just its customizable rewards, but also its no annual fee, making it a cost-effective option for savvy spenders. Plus, with added benefits like access to your FICO® Score for free and unique online banking features, it’s both a convenient and smart choice. Ready to unlock its potential? Let’s dive into how you can apply for this rewarding card today.

Benefits of the Bank of America Customized Cash Rewards Credit Card

1. Customized Cash Back Categories

One of the standout features of the Bank of America Customized Cash Rewards Credit Card is the ability to choose where you earn the most cash back. Cardholders can select a category, such as gas, online shopping, dining, travel, drug stores, or home improvement, where they can earn a generous 3% cash back rate. This flexibility empowers you to maximize your earnings based on your unique spending habits. For example, if you frequently shop online, selecting that category can be highly beneficial. Tip: Review your spending periodically to ensure you’re always choosing the right category based on your lifestyle and needs.

2. Bonus Cash Back on Grocery and Wholesale Club Purchases

Beyond the customizable category, this credit card offers a substantial 2% cash back at grocery stores and wholesale clubs on up to $2,500 combined each quarter. This benefit is perfect for families or individuals who spend a significant amount on groceries every month. Tip: Track your grocery and wholesale club spending, aiming to keep it under the quarterly cap to fully leverage the cash back potential.

3. No Annual Fee

Many credit cards with cash back options come with annual fees that can eat into your rewards. Fortunately, the Bank of America Customized Cash Rewards Card does not have an annual fee, so you can earn without any worry of a yearly charge offsetting your rewards. This makes it an excellent choice for budget-conscious consumers.

4. Significant Introductory APR Offer

If you plan on making a large purchase or need to consolidate existing credit card debt, the introductory 0% APR for the first 15 billing cycles on purchases and any balance transfers made in the first 60 days can be incredibly beneficial. This can save you a significant amount on interest and make paying down your balance more manageable. Tip: Plan big purchases within the introductory period to take full advantage of this offer.

SEE HOW TO GET YOUR BANK OF AMERICA CUSTOMIZED CASH REWARDS CREDIT CARD

The Bank of America Customized Cash Rewards Credit Card is designed with flexibility and value in mind. One of its standout features is the ability to earn cash back in categories that fit your lifestyle. For instance, if you frequently shop for groceries or dine out, you can easily accumulate rewards that you can later use to pay down your balance or for other expenses. The absence of an annual fee is another significant advantage, allowing you to benefit from cash rewards without worrying about maintaining a minimum amount spent each year just to avoid a fee. This card is ideal for both casual spenders and more strategic users. Additionally, cash back rewards can be customized based on your spending habits, ensuring that you always earn the most in categories that matter to you. Moreover, the card offers access to valuable banking features such as budgeting tools and online tracking, which can make managing your finances easier and more efficient. It’s an attractive option for those who want to make their everyday spending work harder for them.

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

• Credit Score: To enhance your approval odds, aim for a good to excellent credit score, typically 670 or higher. This helps demonstrate financial responsibility.
• Proof of Income: You’ll need to provide proof of stable income, such as pay stubs, tax returns, or other documentation that confirms your ability to manage credit and make payments.
• Age Requirement: Applicants must be at least 18 years old, or 21 in certain states, to apply independently for a credit card.
• U.S. Residency: You need to be a legal U.S. resident with a valid Social Security Number to apply for this credit card.
• Existing Bank of America Relationship: While not mandatory, having an existing banking relationship with Bank of America can be beneficial, as it may contribute positively to your application.

VISIT THE WEBSITE TO LEARN MORE

Applying for the Bank of America Customized Cash Rewards Credit Card

Step 1: Visit the Bank of America Website

To begin your application process, navigate to the Bank of America website. Once there, select the “Credit Cards” section from the top menu. This section will provide an array of credit card options, including the Bank of America Customized Cash Rewards Credit Card.

Step 2: Select the Customized Cash Rewards Credit Card

From the list of available credit cards, click on the “Customized Cash Rewards Credit Card” link. This will direct you to a page that showcases the benefits and features of the card. Take your time to review the card details to ensure it suits your financial needs and lifestyle.

Step 3: Begin the Application Process

Once you’re ready to apply, look for the “Apply Now” button, typically located at the top or bottom of the page. Clicking this button will take you to the application form. Here, you’ll need to provide important personal information such as your full name, Social Security number, and income details. Ensure all information is accurate to avoid delays in the approval process.

Step 4: Review and Submit Your Application

After filling out the application form, carefully review all the entered details to ensure correctness. Double-check for any typographical errors or missing information. Once verified, click on the “Submit” button to send your application for processing. Bank of America may reach out to you for any additional documentation or verification if needed.

Step 5: Wait for Approval

Once your application has been submitted, you will receive a confirmation email from Bank of America. The bank will then review your application and contact you with their decision. If approved, you’ll receive your new Customized Cash Rewards Credit Card in the mail, along with instructions on how to activate it.

SEE HOW TO GET YOUR BANK OF AMERICA CUSTOMIZED CASH REWARDS CREDIT CARD

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

What is the Bank of America Customized Cash Rewards Credit Card?

The Bank of America Customized Cash Rewards Credit Card is a versatile credit card that allows you to earn cash back on everyday purchases. It offers 3% cash back in a category of your choice such as gas, online shopping, dining, travel, drug stores, or home improvement/furnishings. Additionally, you earn 2% cash back at grocery stores and wholesale clubs on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter, and 1% on all other purchases. This flexibility makes it an attractive option for those looking to maximize their cash-back earnings aligned with their spending habits.

How does the category selection work?

With this card, you have the opportunity to select a new 3% cash back category each calendar month. This means you can tailor your rewards to match your changing spending patterns throughout the year. For instance, if you know you’ll be taking a trip one month, you can switch your category to travel to capitalize on your travel expenses. Remember, the card automatically classifies your spending and applies the appropriate cash back rates, ensuring a seamless reward earning experience.

Is there an annual fee for the Bank of America Customized Cash Rewards Credit Card?

No, there is no annual fee for this credit card. This makes it an attractive option for those seeking a cash-back credit card without the financial commitment of a yearly fee. It allows cardholders to enjoy the benefits and rewards without extra costs, supporting everyday spending without added financial pressure.

Are there introductory offers available?

Yes, new cardholders can often take advantage of an introductory offer. As of the last update, you can enjoy a 0% Introductory APR for 18 billing cycles for purchases and any balance transfers made within the first 60 days. A balance transfer fee of 3% (min $10) applies. After this introductory period, a variable APR based on your creditworthiness will apply on both purchases and balance transfers.

How does the cash-back redemption process work?

Redeeming your cash back is easy and flexible. You can redeem your rewards in multiple ways: as a statement credit, direct deposit into a Bank of America checking or savings account, or as contributions to a qualifying 529 account. With these options, you can quickly gain access to your cash rewards in a manner that best suits your financial needs and goals.