The Bank of America Customized Cash Rewards credit card could be your newest financial ally. With an excellent cashback program and total annual fee exemption, it stands out from competitors available in the market.
Issued on the Visa network, it can be used for national and international purchases with complete security. Additionally, new customers can receive up to $200 in bonuses in the first months after application.
If you want to start enjoying all the benefits of a truly differentiated card, keep reading to discover everything about this option offered by Bank of America, including how to apply for yours!
About the Issuer
Bank of America is one of the largest financial institutions in the United States, recognized for its solidity and reliability. Founded in 1904, the bank offers a wide range of financial services, serving millions of customers across the country.
With a significant presence in the market, Bank of America constantly seeks to innovate and adapt its products to the needs of modern consumers.
Committed to excellence in customer service, Bank of America invests in technology and security to ensure that its customers have access to cutting-edge financial services.
Additionally, the institution is known for its attractive rewards programs, such as Preferred Rewards, which offers additional benefits to loyal customers. By choosing Bank of America, you rely on the expertise of a century-old institution that adapts to current market demands.
Benefits of the Bank of America Customized Cash Rewards Card
Rewards Customization: Choose a category to earn 3% cashback, changing it once a month according to your preferences, with options like gas, online shopping, and restaurants;
Cashback at Supermarkets and Wholesale Clubs: Earn 2% cashback at supermarkets and wholesale clubs, helping maximize savings on daily expenses;
1% Cashback on Other Purchases: Get 1% cashback on all other purchases, ensuring returns even on purchases outside the main categories;
No Annual Fee: Enjoy card use without annual costs, making it an economical option for those seeking benefits with savings;
Welcome Bonus: Earn a $200 bonus after spending $1,000 within the first 90 days after account opening;
0% Introductory APR: Enjoy 0% APR on purchases and balance transfers for the first 15 billing cycles, ideal for planning expenses or transferring balances;
Preferred Rewards: Members of Bank of America’s Preferred Rewards program can receive 25% to 75% more cashback, increasing rewards according to membership level;
Fraud Protection: Includes transaction monitoring technology and coverage against fraudulent activities, providing security in purchases;
Digital Wallet Compatibility: Make payments via Apple Pay, Google Pay, and Samsung Pay for added convenience and security in digital transactions.
Fees and Commissions of the Bank of America Customized Cash Rewards Credit Card
The Bank of America Customized Cash Rewards credit card has no annual fee, allowing you to enjoy the benefits without additional costs. After the introductory 0% APR period, the interest rate varies between 18.74% and 28.74%, depending on your credit evaluation.
For balance transfers, there is a 3% fee for those made in the first 60 days; after this period, the fee rises to 4%.
Note: Fees and commissions are subject to change by the bank. It is recommended to check the updated information directly with Bank of America.
Credit Limit
The credit limit of the Bank of America Customized Cash Rewards credit card is determined based on the individual credit analysis of the applicant, considering factors such as credit history, income, and debt-to-income ratio.
Customers with solid credit history and stable income tend to receive higher limits. It’s important to note that Bank of America periodically reviews customers’ accounts and may adjust credit limits according to responsible use and changes in the financial situation.
Positive points
- Flexibility in Rewards:Personalize the highest cashback category according to your spending habits.
- No Annual Fee:Save by not paying annual fees for card use.
- Attractive Bonus:Receive $200 after meeting the initial spending requirements.
Negative points
- Cashback Limit:The 3% and 2% categories have a combined limit of $2,500 per quarter.
- Variable Interest Rate:After the introductory period, the APR can be high, depending on the credit profile.
- Foreign Transaction Fee:There is a 3% charge on purchases made outside the U.S.
How to Apply for the Bank of America Customized Cash Rewards Credit Card
To apply for the card, follow the steps below:
- Access the official Bank of America website;
- Navigate to the credit cards section;
- Select the Customized Cash Rewards card;
- Click on “Apply Now“;
- Fill out the form with your personal and financial information;
- Review the terms and conditions;
- Submit your application.
After submission, Bank of America will review your application and provide a response, usually within minutes.
How to Contact Bank of America
For more information or assistance, contact Bank of America through the following channels:
- Use the online chat available on the official website.
- Call customer service at 800 932 2775.
- Visit a physical branch for in-person service.
