Discover the lucrative rewards and perks offered by the Bank of America® Customized Cash Rewards Credit Card, as well as its limitations and unique features, accompanied by insights into the application process and eligibility requirements.
Advantages of the card Bank of America® Customized Cash Rewards Credit Card
– Earn a $200 online cash rewards bonus after making at least $1,000 in purchases within the first 90 days of account opening.
– Enjoy 3% cash back in the category of your choice, including options like gas, online shopping, dining, travel, and more.
– Automatic 2% cash back at grocery stores and wholesale clubs, providing consistent rewards on essential purchases.
– Unlimited 1% cash back on all other purchases, ensuring rewards on every transaction.
– Benefit from a low introductory APR offer of 0% for the first 15 billing cycles on purchases and balance transfers.
– No annual fee, allowing cardholders to maximize their cash back without incurring additional costs.
– Bank of America Preferred Rewards® members can earn 25%-75% more cash back on every purchase, amplifying rewards potential.
Disadvantages of the card Bank of America® Customized Cash Rewards Credit Card
– Quarterly maximums apply to 3% and 2% cash back categories, limiting potential rewards beyond a certain threshold.
– After the introductory APR period ends, a variable APR of 18.24% to 28.24% applies, which may be higher than other cards.
– Balance transfer fees of 3% apply for transfers made within the first 60 days, increasing to 4% thereafter.
– The $200 online cash rewards bonus offer may not be available if not applied for online, limiting accessibility for some applicants.
Extra features offered by Bank of America® Customized Cash Rewards Credit Card
– Option to change the 3% cash back category monthly via Online Banking or the Mobile Banking app, providing flexibility based on spending habits.
– Enhanced rewards potential for Preferred Rewards® members, allowing for increased cash back percentages on eligible purchases.
– Security features such as fraud detection and $0 Liability Guarantee ensure peace of mind for cardholders.
– Contactless chip technology enables convenient and secure payments at millions of locations.
– Additional perks include balance Connect® for overdraft protection, paperless statement options, and access to FICO® Score updates.
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 and can be done online through the Bank of America website.
Discover the main ways to apply for the card Bank of America® Customized Cash Rewards Credit Card
– Apply directly through the Bank of America website by filling out the online application form.
– Utilize the Bank of America Mobile Banking app for a convenient and mobile-friendly application process.
– Visit a local Bank of America financial center or contact customer service for personalized assistance in applying.
Prerequisites for request
To qualify for the Bank of America® Customized Cash Rewards Credit Card, applicants must meet specific criteria:
– Meet the income and credit score requirements set by Bank of America.
– Provide personal information such as name, address, Social Security number, and employment details.
– Consent to a credit check to determine eligibility for the credit card.
From the site
– Fill out the online application form on the Bank of America website and submit for review.
From the site App
– Download the Bank of America Mobile Banking app and follow the prompts to apply for the credit card.
By agency
– Visit a local Bank of America financial center and speak with a representative to complete the application process in person.
In conclusion, the Bank of America® Customized Cash Rewards Credit Card offers a compelling blend of cash back rewards, introductory benefits, and additional features designed to enhance the cardholder’s financial experience. While it may have some limitations such as quarterly maximums and balance transfer fees, the overall value provided by this card makes it a viable option for individuals seeking to earn rewards on their everyday purchases while enjoying the convenience and security offered by Bank of America.