The America Customized Cash Rewards card offers the freedom to personalize your rewards.
The Bank of America Customized Cash Rewards Credit Card stands out for its unique feature that allows cardholders to tailor their rewards to fit their spending habits.
Whether you frequently dine out, shop online, fill up at the gas station, or enjoy traveling, this card ensures you can maximize your cashback in the areas that matter most to you.
What makes this card even more appealing is its no annual fee, making it a budget-friendly option for earning rewards without the burden of extra costs.
Additionally, it offers a straightforward way to earn cashback across multiple categories, including grocery stores and wholesale clubs, alongside your personalized choice.
This card is particularly well-suited for individuals seeking a flexible and customizable rewards structure.
Bank of America Customized
No annual fee Higher APRHow Does the Bank of America Customized Cash Rewards Work?
Designed with flexibility in mind, this card adapts to your spending habits by offering customizable rewards. Here’s how it works:
- 3% Customizable Cashback: Select one category, such as gas, dining, online shopping, travel, drug stores, or home improvement, to earn 3% cashback on your purchases.
- 2% Cashback on Groceries and Wholesale Clubs: Earn 2% cashback on grocery store and wholesale club purchases, applicable to the first $2,500 in combined spending from the 3% and 2% categories each quarter.
- 1% Cashback on All Other Purchases: For all other spending, you’ll earn a standard 1% cashback rate.
- No Annual Fee: Enjoy the benefits of this card without worrying about annual costs.
- Introductory Bonus: New cardholders can earn a welcome bonus, typically $200, after meeting the spending requirement within the first 90 days.
- Easy Online Management: Track your rewards, make payments, and review statements effortlessly through the online account portal.
Main Benefits of the Bank of America Customized Cash Rewards
The Bank of America Customized Cash Rewards Credit Card offers a host of features that make it an excellent option for anyone looking to maximize their cashback potential.
Its standout feature is the ability to choose your 3% cashback category, allowing you to align rewards with your spending habits.
Whether you prefer earning on gas, dining, online shopping, travel, drugstores, or home improvement purchases, this flexibility ensures you’re getting the most value out of your spending.
For households, the card adds even more appeal with 2% cashback on groceries and wholesale clubs, which is perfect for managing everyday expenses.
The lack of an annual fee further enhances its practicality, ensuring you can enjoy all its benefits without added costs.
New cardholders can also benefit from an introductory bonus, providing an exciting incentive to start using the card.
The flexible redemption options add another layer of convenience, as cashback can be used as statement credits, direct deposits, or even gift cards, giving you control over how you leverage your rewards.
Overall, this card combines personalization, cost-efficiency, and versatility, making it an ideal choice for savvy spenders.
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Cons of the Bank of America Customized Cash Rewards
While this card has many advantages, there are some drawbacks to consider:
- Category Limits: The 3% and 2% cashback categories are capped at $2,500 in combined quarterly spending, after which they revert to a 1% cashback rate.
- Restricted Categories: The higher-earning cashback categories are limited to specific spending areas.
- Foreign Transaction Fee: A 3% foreign transaction fee makes it less suitable for international travelers.
APR and Fees
Here’s a breakdown of the card’s fees and interest rates:
- Annual Fee: $0.
- Introductory APR: 0% on purchases and balance transfers for the first 15 billing cycles.
- Standard APR: Variable rates between 16.24% and 26.24%, based on your creditworthiness.
- Balance Transfer Fee: $10 or 3% of the transferred amount, whichever is higher.
- Cash Advance Fee: $10 or 3% of the cash advance amount, whichever is higher.
- Foreign Transaction Fee: 3%.
How to Apply for the Bank of America Customized Cash Rewards
Getting started with this card is straightforward:
- Visit the Application Page: Access the official Bank of America website to begin your application.
- Provide Personal Details: Submit your name, address, income, and Social Security number for credit evaluation.
- Review the Terms: Ensure you understand the introductory APR, rewards structure, and fees before proceeding.
- Submit Your Application: Once satisfied, complete your application and wait for approval.
- Start Earning Rewards: Upon approval, you can begin earning cashback on your purchases right away.
The Bank of America Customized Cash Rewards Credit Card is an excellent choice for those seeking a card that adapts to their spending habits.
With its flexibility, rewards, and no annual fee, it provides a practical way to maximize everyday savings.
