What is Bank of America Customized Cash Rewards Card?
The Bank of America Customized Cash Rewards Card is a credit card that offers users a simple but rewarding cashback program. It is designed to allow cardholders to receive cashback for the purchases they make with their credit card.
One of the standout features of the Bank of America Customized Cash Rewards Card is that it allows users to customize their cash back rewards. Cardholders can choose to earn cashback on purchases from a variety of different categories, such as gas, groceries, or travel. They can choose to earn 3% cashback on their designated category purchases, 2% on purchases at grocery stores and wholesale clubs, and 1% on all other purchases.
Another great feature of the Bank of America Customized Cash Rewards Card is its flexible redemption options. Cardholders can redeem their earned cashback as a statement credit, deposit it into their Bank of America savings or checking account, or even receive it as a check.
Additionally, the Bank of America Customized Cash Rewards Card offers new cardholders a sign-up bonus. Cardholders can earn a $200 online cash rewards bonus after making at least $1000 in purchases within the first 90 days of opening their account.
Overall, the Bank of America Customized Cash Rewards Card is a great option for individuals looking for a simple and customizable cashback program. Its flexibility and rewards structure make it a great choice for those looking to earn cashback on their everyday purchases.
Frequently Asked Questions about bank of america customized cash rewards card
Bank of America® Customized Cash Rewards secured credit card. 3% cash back in the category of your choice, automatic 2% cash back at grocery stores and wholesale clubs (on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter) and unlimited 1% cash back on all other purchases.
How does the Bank of America® Cash Rewards credit card work? The Bank of America® Customized Cash Rewards credit card earns 3% back on a category of your choice and 2% back on grocery store and wholesale club spending, on up to $2,500 per quarter in combined spending in those categories.
The Bank of America Customized Cash Rewards credit card is an excellent no-annual-fee card if you think you'll earn more by maximizing the card's bonus categories rather than with a 1.5 percent flat-rate cash back card.
When you're opening your new eligible checking account, consider getting a custom debit card that says something about you.
The credit limit for the Bank of America® Customized Cash Rewards credit card is usually at least $1,000 and can be much higher, with some cardholders reporting limits of over $50,000. Bank of America uses your income, credit profile, and other information to set your card's credit limit.
NerdWallet's Best Bank of America Credit Cards of October 2023
- Bank of America® Customized Cash Rewards credit card: Best for Bonus category cash back.
- Bank of America® Unlimited Cash Rewards credit card: Best for Simple cash back.
- Bank of America® Travel Rewards credit card: Best for Travel.
Every time you use a cash-back credit card to make a qualifying purchase in store or online, it earns a percentage of the amount paid. That means if you spend $500 on a card that earns 1.5% cash back, you'll earn $7.50 back in rewards.
Bank of America Customized Cash Rewards credit card Approval Requirements. Minimum credit score: 750+ (excellent credit). Other factors: Annual income, employment status, existing debt, payment history, and monthly mortgage or rental payment, among others.
The credit limit for the Bank of America® Customized Cash Rewards credit card is usually at least $1,000 and can be much higher, with some cardholders reporting limits of over $50,000. Bank of America uses your income, credit profile, and other information to set your card's credit limit.
Editorial and user-generated content is not provided, reviewed or endorsed by any company. The Bank of America card that gives the highest credit limit is the Bank of America® Customized Cash Rewards credit card, which has a reported maximum limit of $95,000.
The Bank of America card that gives the highest credit limit is the Bank of America® Customized Cash Rewards credit card, which has a reported maximum limit of $95,000. Your individual limit will be determined based on your credit history, income, outstanding debts, and other factors.
On our list, the card with the highest reported limit is the Chase Sapphire Preferred® Card, which some say offers a $100,000 limit. We've also seen an advertised maximum credit limit of $100,000 on the First Tech Odyssey Rewards™ World Elite Mastercard®, a credit union rewards card.
A rating of 5 is the best a card can receive. Why it's one of the hardest credit cards to get: The Bank of America® Unlimited Cash Rewards credit card for Students is the hardest cash back student credit card to get approved for, as it requires excellent credit.
What is the most prestigious credit card? One of the world's most prestigious credit cards is the Centurion® Card from American Express*.
Rewards credit cards offer points that can be redeemed for merchandise, flights, and more, whereas cash back cards give you a fixed dollar amount for every purchase you make. Choose a credit card based on your lifestyle and what gives you the most bang for your buck.
Advantages and Disadvantages of Cash Back
You get cash back for spending your money, whether using your credit or debit card or even shopping online. Cash-back apps and websites may offer discounts on products along with cash-back rewards. Some credit cards with cash back offer a sign-up bonus.
