The Bank of America® Customized Cash Rewards Credit Card offers a $200 online cash rewards bonus, along with 3% cash back in a chosen category, 2% cash back at grocery stores and wholesale clubs, and 1% cash back on all other purchases. This blog post dives into its advantages, disadvantages, extra features, and application process.
Advantages of the card Bank of America® Customized Cash Rewards Credit Card
The Bank of America® Customized Cash Rewards Credit Card provides several advantages for cardholders. With a $200 online cash rewards bonus offer after making at least $1,000 in purchases within the first 90 days of account opening, users can kickstart their rewards journey. The card also offers flexibility by allowing cardholders to choose their 3% cash back category from options such as gas, online shopping, dining, travel, and more. Additionally, cardholders automatically earn 2% cash back at grocery stores and wholesale clubs, and 1% cash back on all other purchases. Plus, the card features a low introductory APR offer, no annual fee, and the opportunity for Bank of America Preferred Rewards® members to earn even more cash back on every purchase.
Disadvantages of the card Bank of America® Customized Cash Rewards Credit Card
Despite its benefits, the Bank of America® Customized Cash Rewards Credit Card does have some drawbacks. While the $200 online cash rewards bonus is appealing, it requires a minimum spending threshold within the first 90 days of account opening, which may not be feasible for all applicants. Additionally, the 3% cash back category is limited to the first $2,500 in combined purchases each quarter, which may not fully accommodate heavy spenders in that category. Furthermore, while the card offers a low introductory APR, the variable APR that applies after the intro period may be relatively high for some users. Lastly, the card’s rewards structure may not align with everyone’s spending habits, especially if they don’t frequently utilize the chosen 3% cash back category.
Extra features offered by Bank of America® Customized Cash Rewards Credit Card
In addition to its rewards program, the Bank of America® Customized Cash Rewards Credit Card offers several extra features to enhance the cardholder experience. These include security features such as fraud detection and a $0 Liability Guarantee for fraudulent transactions. The card also features contactless chip technology for quick and secure payments, balance connect for overdraft protection, paperless statement option, digital wallet technology, online and mobile banking access, account alerts, and access to FICO® Score updated monthly for free.
Learn how to apply for your credit card Bank of America® Customized Cash Rewards Credit Card
Applying for the Bank of America® Customized Cash Rewards Credit Card is simple. Potential applicants can visit the Bank of America website, navigate to the credit card section, and apply online. Alternatively, they can visit a Bank of America financial center or call the bank to apply over the phone.
Discover the main ways to apply for the card Bank of America® Customized Cash Rewards Credit Card
There are several avenues for applying for the Bank of America® Customized Cash Rewards Credit Card. Users can visit the official Bank of America website and apply online by filling out the application form. They can also visit a nearby Bank of America financial center and speak with a representative to apply in person. For those who prefer the convenience of phone applications, calling the bank’s customer service line and speaking with a representative is another option. Regardless of the chosen method, applicants will need to provide necessary personal and financial information for the evaluation process.
Prerequisites for request
Before applying for the Bank of America® Customized Cash Rewards Credit Card, applicants should ensure they meet the necessary prerequisites. These may include having a good to excellent credit score, meeting the minimum income requirements, and being a U.S. resident or having a valid U.S. address. Additionally, applicants should carefully review the terms and conditions, including the APR and fees, to ensure they understand the card’s costs and benefits.
From the site
To apply for the Bank of America® Customized Cash Rewards Credit Card directly from the website, users can visit the official Bank of America website, navigate to the credit card section, and follow the instructions to initiate the application process.
From the site App
For mobile users, they can download the Bank of America mobile app from their respective app stores, navigate to the credit card section, and follow the prompts to apply for the card directly through the app.
By agency
For individuals who prefer face-to-face interaction, visiting a local Bank of America financial center and speaking with a representative is an option. The representative can guide them through the application process and address any questions or concerns they may have.
In conclusion, the Bank of America® Customized Cash Rewards Credit Card offers a variety of rewards and benefits, including a $200 online cash rewards bonus, customizable 3% cash back category, automatic 2% cash back at grocery stores and wholesale clubs, and unlimited 1% cash back on all other purchases. While the card has its drawbacks, such as limited quarterly rewards caps and a potentially high variable APR, its overall flexibility and extra features make it a solid option for those seeking a versatile cash back credit card. Potential applicants should carefully review their spending habits and financial goals to determine if this card aligns with their needs.
