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

When it comes to choosing the right credit card, having options that fit your lifestyle is crucial. The Bank of America Customized Cash Rewards Credit Card offers flexible cash-back opportunities, allowing you to tailor your rewards to match your spending habits. Whether you’re spending on groceries, gas, or dining out, this card adapts to your life while offering no annual fee, making it an attractive choice for savvy spenders.

Imagine earning 3% cash back on a category of your choice, plus a competitive 2% cash back at grocery stores and wholesale clubs. This means that as you manage your everyday expenses, you’re simultaneously maximizing your rewards. Additionally, if you’re already a Bank of America customer, qualifying for the Preferred Rewards program could boost your cashback rewards considerably. Understanding how to apply for this card effectively could open the door to these benefits and more.

Benefits of the Bank of America Customized Cash Rewards Credit Card

Earn Cash Back on Every Purchase

The Bank of America Customized Cash Rewards Credit Card offers a highly rewarding cash back program. You’ll earn 3% cash back on a category of your choice, such as gas, online shopping, dining, travel, drugstores, or home improvement and furnishings, and 2% cash back at grocery stores and wholesale clubs, up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases. All other purchases earn 1% cash back. This flexibility allows you to tailor your rewards to match your spending habits.

No Annual Fee

This credit card comes with no annual fee, making it a cost-effective option for building rewards without the burden of regular fees that can eat into your savings. By eliminating this fee, you’re free to enjoy all the perks of the card without worrying about keeping it in your wallet.

Introductory APR Offer

New cardholders benefit from a 0% introductory APR for 18 billing cycles on purchases and any balance transfers made in the first 60 days. This feature is especially beneficial if you plan a big purchase or want to consolidate high-interest debt efficiently. Just remember, after the introductory period, a variable APR will apply. Be sure to manage your payments accordingly to maximize this benefit.

Preferred Rewards Members Earn More

If you’re part of the Bank of America Preferred Rewards program, you can earn an additional 25% to 75% bonus on your cash back earnings for every purchase with this card. This enhancement significantly boosts your rewards potential, especially when paired with the choice category cash back.

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

The Bank of America Customized Cash Rewards Credit Card presents a unique opportunity for consumers to tailor their credit card experience around their shopping habits. With the potential to earn up to 3% cash back in categories such as online shopping, dining, or gas, users can truly benefit by concentrating their spending in areas they frequent. Additionally, the no annual fee feature ensures that you can take full advantage of the cash back rewards without the pressure of yearly costs. This card stands out among similar offerings due to its flexibility, allowing cardholders to change their preferred 3% category each month to align with their spending patterns. Overall, this credit card combines lucrative rewards with cost-effectiveness, making it an excellent choice for a wide range of consumers, from the average shopper to the more discerning spender seeking to maximize their rewards potential.

Requirements for the Bank of America Customized Cash Rewards Credit Card

• Credit Score: To increase your chances of approval, it’s recommended to have a good to excellent credit score, typically ranging from 670 to 850. This reflects your reliability in handling credit and ensures lenders of your ability to manage new lines of credit responsibly.
• Age Requirement: Applicants must be at least 18 years old to apply for a credit card. In some states, the minimum age requirement might be 21, especially for those applying without a cosigner.
• Income Verification: While there isn’t a strict minimum income requirement, your ability to repay the borrowed amount is assessed. Be ready to provide documentation such as pay stubs, tax returns, or other proof of steady income.
• U.S. Residency: You must be a legal resident of the United States to apply for this credit card. This means you should possess the necessary documentation, such as a Social Security Number, to verify your residency status.

SEE HOW TO GET YOUR 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

Start your application for the Bank of America Customized Cash Rewards Credit Card by visiting the official Bank of America website. Navigate to the ‘Credit Cards’ section. Here, you’ll find various options, so be sure to click on the ‘Customized Cash Rewards Credit Card’ to access detailed information and begin the application process.

Step 2: Review the Card Features and Eligibility Requirements

Before you apply, take the time to review the key features, benefits, and eligibility requirements of the card. Understanding the cash back rewards system, the annual fees, and any introductory offers is crucial. Also, ensure you meet the eligibility criteria, such as age and credit score requirements, to increase your chances of approval.

Step 3: Complete the Online Application

Click the application button to proceed to the online application form. You’ll need to provide personal information, including your full name, address, Social Security number, and financial details such as your income and employment status. Double-check all information to avoid errors that could delay your application.

Step 4: Submit Your Application and Wait for Approval

Once you’ve filled out the form, submit your application. You might receive an instant decision, but in some cases, it may take a few days for the bank to review your information. Be patient during this period, and ensure you are reachable at the contact details you provided in case further information is required.

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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 several perks, including the ability to earn 3% cash back in a category of your choice, such as gas, online shopping, dining, travel, drug stores, or home improvement/furnishings. You also get 2% cash back at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and 1% on all other purchases. These features make it a versatile option for cardholders who want to maximize their rewards based on personal spending habits.

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

No, one of the attractive features of this credit card is that it has no annual fee. This means you can take full advantage of the cash back rewards without worrying about an annual charge cutting into your earnings.

How does the introductory APR work for this credit card?

The Bank of America Customized Cash Rewards Credit Card provides an introductory 0% APR offer on purchases and balance transfers for the first 15 billing cycles. After this period, a variable APR between 18.24% and 28.24% will apply, based on your creditworthiness. This introductory period can be particularly useful if you plan significant purchases or hope to consolidate debt via a balance transfer, as you’ll avoid interest charges during that time.

Can I change my 3% category and if so, how often?

Yes, Bank of America allows cardholders to change their 3% cash back category once each calendar month through your online account or mobile app. This flexibility enables you to optimize your rewards based on fluctuating spending needs, such as prioritizing gas for a road trip in the summer or focusing on online shopping during the holiday season.