Bank of America® Customized Cash Rewards Credit Card

By Raquel Oliveira • 12/21/2024

Bank of America® Customized Cash Rewards: Earn cashback, no annual fee, and personalized rewards.

The Bank of America® Customized Cash Rewards Credit Card is designed to adapt to your unique spending preferences. With the ability to choose a 3% cashback category and earn rewards across all purchases, this card empowers you to make the most of your transactions.

From groceries and dining to online shopping and gas, every expense brings value. The card also provides competitive interest rates and user-friendly tools to help you manage your finances efficiently, making it a reliable choice for a variety of financial needs.

Top Benefits of the Bank of America® Customized Cash Rewards Credit Card

• 3% Cashback on a Chosen Category: Select your preferred spending category—gas, online shopping, dining, travel, drugstores, or home improvement.
• 2% Cashback on Groceries: Earn rewards for everyday essentials like supermarket purchases.
• 1% Unlimited Cashback: Get a flat cashback rate on all other purchases, ensuring value from every transaction.
• No Annual Fee: Enjoy all the card’s benefits without the burden of an annual fee.
• $200 Signup Bonus: Spend $1,000 within the first 90 days to receive a $200 cash reward.
• Digital Wallet Integration: Easily add your card to Apple Pay, Google Pay, or Samsung Pay for seamless purchases.

Flexible Cashback Categories to Match Your Lifestyle

One standout feature of the Bank of America® Customized Cash Rewards Credit Card is its flexibility. You can choose your 3% cashback category, allowing you to maximize rewards based on your spending habits.

Whether you frequently shop online, dine out, or spend on gas, the card ensures you earn more where it matters most.

Additionally, the 2% cashback on groceries covers everyday necessities, while the 1% cashback on all other purchases keeps you earning consistently. This customization makes the card a great fit for diverse lifestyles and spending patterns.

How the Bank of America® Customized Cash Rewards Credit Card Works

The Bank of America® Customized Cash Rewards Credit Card offers straightforward and transparent benefits:

• Cashback Redemption Options: Redeem your rewards for statement credits, direct deposits into a Bank of America account, or contributions to a Merrill investment account.
• Spending Limits on Higher Cashback Rates: Earn 3% and 2% cashback on up to $2,500 in combined quarterly purchases. After reaching this limit, 1% cashback applies.
• Introductory APR: Enjoy a 0% APR on purchases and balance transfers for the first 15 billing cycles.

The card’s clear structure and accessible rewards program make it easy to understand and maximize its benefits.

Digital Tools for Financial Management

The Bank of America® mobile app provides robust tools to help you manage your finances. Track your spending, monitor rewards, and set up alerts to stay on top of payments.

Additionally, the app allows you to activate cashback deals and switch your 3% cashback category to align with changing spending habits.

With these features, the Bank of America® Customized Cash Rewards Credit Card ensures complete financial control at your fingertips.

Costs and Fees of the Bank of America® Customized Cash Rewards Credit Card

Understanding the cost structure is key to making the most of this card:

• Annual Fee: $0
• Introductory APR: 0% for 15 billing cycles on purchases and balance transfers made within the first 60 days.
• Variable APR: After the introductory period, a variable APR of 16.24%–26.24% applies.
• Balance Transfer Fee: 3% of the transfer amount, with a minimum of $10.

These straightforward terms ensure that users can enjoy the card’s benefits without unexpected costs.

Who Should Consider the Bank of America® Customized Cash Rewards Credit Card?

This card is ideal for:

• Everyday Shoppers: Maximize cashback on routine expenses like groceries and gas.
• Digital Savvy Users: Enjoy secure and convenient payments with integrated digital wallet features.
• Smart Spenders: Tailor rewards to match your lifestyle and optimize savings.
• Financial Managers: Use the app to track spending, set goals, and manage finances effectively.

Maximizing the Bank of America® Customized Cash Rewards Credit Card

• Choose Your Cashback Category Wisely: Adjust your 3% category based on your current spending priorities.
• Utilize Digital Wallets: Integrate the card with Apple Pay, Google Pay, or Samsung Pay for secure and seamless payments.
• Take Advantage of the Signup Bonus: Spend $1,000 in the first 90 days to claim your $200 bonus.
• Plan for Quarterly Limits: Keep track of the $2,500 quarterly spending cap for higher cashback rates.

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

Applying for this card is a straightforward process:

1. Visit the Official Website: Navigate to the Bank of America website and locate the Customized Cash Rewards page.
2. Complete the Application Form: Fill out the online form with your personal and financial information.
3. Submit Required Documents: Provide proof of income and identification as requested.
4. Await Approval: Receive a decision, often within minutes, depending on your credit profile.
5. Activate Your Card: Once approved, activate and start using your card immediately.

The Perfect Balance of Rewards and Flexibility

The Bank of America® Customized Cash Rewards Credit Card is a versatile financial tool for users seeking personalized rewards. With no annual fee, customizable cashback categories, and robust financial tools, this card empowers you to make the most of your spending.

Whether you’re looking to save on everyday expenses or earn rewards on big purchases, the Bank of America® Customized Cash Rewards Credit Card is an excellent choice for flexible and rewarding financial management.

A Smart Choice for Tailored Rewards and Savings

The Bank of America® Customized Cash Rewards Credit Card stands out as a versatile and rewarding financial tool. Its customizable cashback categories and lack of an annual fee make it ideal for users who want to align their card benefits with their lifestyle.

The card’s robust digital tools enhance financial management, ensuring convenience and control at your fingertips. Whether you’re focused on earning rewards for everyday purchases or planning large expenses, this card delivers consistent value.

If you seek flexibility, savings, and an intuitive rewards program, the Bank of America® Customized Cash Rewards Credit Card is an excellent choice.