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Bank of America Customized Cash Rewards Credit Card: The Bank of America Customized Cash Rewards Credit Card is a popular cashback rewards credit card offered by Bank of America. The card offers cashback on purchases made in various categories, allowing cardholders to earn rewards on everyday purchases. In this article, we will take a closer look at the features and benefits of the Bank of America Customized Cash Rewards Credit Card, as well as some frequently asked questions about the card.
Bank of America Customized Cash Rewards Credit Card
Cashback Rewards
One of the main features of the Bank of America Customized Cash Rewards Credit Card is its cashback rewards program. Cardholders can earn cashback on purchases made in various categories. They can earn 3% cashback on purchases made in the category of their choice, such as gas, online shopping, dining, travel, drug stores, or home improvement/furnishings. They can also earn 2% cashback at grocery stores and wholesale clubs and 1% cashback on all other purchases.
No Annual Fee
Another key feature of the Bank of America Customized Cash Rewards Credit Card is that it comes with no annual fee. This means that cardholders can enjoy the benefits of the card without having to pay an annual fee.
Introductory Offer
The Bank of America Customized Cash Rewards Credit Card also offers an introductory offer for new cardholders. They can earn a $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of account opening.
Flexible Redemption Options
Cardholders can redeem their cashback rewards for a statement credit, deposit into a Bank of America checking or savings account, or receive a check in the mail. They can also set up automatic redemptions starting at $25.
Digital Wallet Capability
The Bank of America Customized Cash Rewards Credit Card is compatible with digital wallets such as Apple Pay, Google Pay, and Samsung Pay, making it easy for cardholders to make purchases with their mobile devices.
Security Features
Bank of America takes the security of its customers’ financial information seriously. The Bank of America Customized Cash Rewards Credit Card comes with several security features, including chip technology, which provides enhanced security when making purchases at chip-enabled terminals. Cardholders can also set up alerts to monitor their account activity and receive alerts for transactions that exceed a certain amount.
Benefits of the Bank of America Customized Cash Rewards Credit Card
Earn Cashback Rewards
One of the primary benefits of the Bank of America Customized Cash Rewards Credit Card is the ability to earn cashback rewards on purchases made in various categories. Cardholders can earn 3% cashback on purchases made in the category of their choice, allowing them to earn rewards on purchases that align with their spending habits.
No Annual Fee
Another benefit of the Bank of America Customized Cash Rewards Credit Card is that it comes with no annual fee. This means that cardholders can enjoy the benefits of the card without having to pay an annual fee.
Introductory Offer
The Bank of America Customized Cash Rewards Credit Card also offers an introductory offer for new cardholders. They can earn a $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of account opening.
Flexible Redemption Options
Cardholders can redeem their cashback rewards for a statement credit, deposit into a Bank of America checking or savings account, or receive a check in the mail. They can also set up automatic redemptions starting at $25.
Digital Wallet Capability
The Bank of America Customized Cash Rewards Credit Card is compatible with digital wallets such as Apple Pay, Google Pay, and Samsung Pay, making it easy for cardholders to make purchases with their mobile devices.
Features of the Bank of America® Customized Cash Rewards Credit Card
The Bank of America® Customized Cash Rewards Credit Card has a number of features that make it a great choice for those looking to earn cash back rewards. Here are some of the key features of this credit card:
- Cash back rewards program: Earn cash back on purchases made in a variety of categories, including gas, online shopping, dining, travel, and more. Plus, users can choose their own bonus category for earning 3% cash back on purchases, such as home improvement stores, grocery stores, or wholesale clubs.
- Customizable rewards: Users can choose their own bonus category for earning 3% cash back on purchases, providing the flexibility to earn rewards that align with their spending habits.
- No annual fee: There is no annual fee for the Bank of America® Customized Cash Rewards Credit Card, making it a great choice for those looking for a credit card with no annual fees.
- 0% introductory APR: Cardholders can enjoy a 0% introductory APR for the first 15 billing cycles on purchases and balance transfers made within 60 days of opening the account (variable APR applies after that).
- Security features: The Bank of America® Customized Cash Rewards Credit Card includes security features such as chip technology and account alerts to help prevent fraud and keep your account secure.
- Free access to FICO® credit score: Cardholders can access their FICO® credit score for free, helping them to monitor their credit score and identify areas for improvement.
- Travel and emergency assistance services: The Bank of America® Customized Cash Rewards Credit Card provides access to travel and emergency assistance services, such as emergency card replacement, lost luggage assistance, and medical and legal referrals.
- Auto rental collision damage waiver: When you use your Bank of America® Customized Cash Rewards Credit Card to pay for a rental car, you may be eligible for an auto rental collision damage waiver, which can help cover the cost of damage to the rental car in case of an accident.
Frequently Asked Questions (FAQs)
What credit score is needed to qualify for the Bank of America Customized Cash Rewards Credit Card?
The credit score required for approval may vary based on individual circumstances. However, generally, a good to excellent credit score (typically above 670) increases your chances of qualifying for this credit card.
Can I change my 3% cash back category every month?
Yes, you can change your 3% cash back category once per calendar month. This allows you to adapt your rewards based on your current spending patterns and maximize your cash back potential.
Are there any limits on the amount of cash back I can earn?
There is no limit to the amount of cash back you can earn with the Bank of America Customized Cash Rewards Credit Card. However, cash back rewards do not expire as long as your account remains open and in good standing.
Is there an annual fee for this credit card?
No, the Bank of America Customized Cash Rewards Credit Card does not have an annual fee, making it an attractive choice for those seeking a no-fee credit card option.
Can I redeem my cash back rewards for statement credits or deposit them into my Bank of America account?
Yes, you have the flexibility to redeem your cash back rewards for statement credits, deposit them into your Bank of America checking or savings account, or receive a check.
Final Words
The Bank of America Customized Cash Rewards Credit Card offers a range of benefits and rewards, making it a versatile option for individuals and families. With its customizable cash back categories, introductory APR, and additional perks, this credit card provides a valuable tool for managing your finances and maximizing your savings. Whether you’re a frequent traveler, a food enthusiast, or a home improvement enthusiast, the Bank of America Customized Cash Rewards Credit Card can cater to your unique preferences and financial goals.