Bank of America Customized Cash Rewards Credit Card

The Bank of America Customized Cash Rewards Credit Card stands out in a competitive market, offering an appealing blend of cashback rewards and user-friendly features. As a popular choice for everyday spenders, this cashback card is designed to reward users based on their spending habits while providing flexibility and value.

Card Type

This credit card falls into the cashback category, which means cardholders earn rewards for purchases made across various categories. It is ideal for consumers looking to maximize their everyday spending with the promise of lucrative cashback returns.

Annual Fee

One of the most attractive features of the Bank of America Customized Cash Rewards Credit Card is that it comes with no annual fee. This makes it a financially sensible choice for budget-conscious consumers who want to earn rewards without the burden of a yearly charge.

Rewards Program

The rewards structure of this card is particularly noteworthy. Cardholders can earn 3% cashback in the category of their choice, which includes options such as gas, online shopping, dining, travel, drug stores, or home improvement. Additionally, users earn 2% cashback at grocery stores and wholesale clubs, and 1% cashback on all other purchases. The flexibility to select the bonus category coupled with the tiered rewards program ensures that cardholders can tailor their earnings to their spending habits.

Sign-Up Bonus

New users can take advantage of a lucrative sign-up bonus. After making at least $1,000 in purchases in the first 90 days of account opening, cardholders can earn a $200 online cash reward. This bonus is a great incentive for new customers to start using their card for regular expenses right away.

APR (Annual Percentage Rate)

The regular APR for the Bank of America Customized Cash Rewards Credit Card ranges from 13.99% to 23.99% based on creditworthiness. Additionally, new cardholders can benefit from an introductory 0% APR on purchases for the first 15 billing cycles, allowing consumers to make larger purchases without accumulating interest during that period.

Foreign Transaction Fees

This card is designed for global travelers as it charges no foreign transaction fees. This feature enables cardholders to use their card abroad without worrying about extra charges, making it a suitable option for international travel.

Balance Transfer Options

If you’re looking to consolidate debt, the Bank of America Customized Cash Rewards Credit Card offers a 0% APR for the first 15 billing cycles on balance transfers made in the first 60 days. This can be an effective strategy to manage existing debt while benefiting from a grace period to pay down transferred balances without interest. A balance transfer fee of 3% applies to each transaction.

Additional Fees

Besides the balance transfer fees, its important to be aware of other fees associated with the card. The late payment fee can be up to $40, and the cash advance fee is either $10 or 3% of the amount of each transaction, whichever is greater. Understanding these fees helps users avoid potential costs that can accumulate over time.

Card Benefits and Perks

The Bank of America Customized Cash Rewards Credit Card is packed with valuable benefits. These include travel and accident insurance, extended warranty protection, and access to a robust mobile banking app that allows users to manage their account easily. Additionally, members gain access to exclusive discounts on various products and services through the Bank of America Rewards program.

Customer Protections and Insurance

The card offers substantial protection measures that provide peace of mind to cardholders. This includes zero fraud liability, which means users are not held responsible for unauthorized transactions. Purchase protection and rental car insurance are also included, further enhancing the cardholders sense of security during purchases.

Eligibility and Credit Score Requirements

Generally, applicants should have a credit score in the range of good to excellent (usually 700 or above) to qualify for the Bank of America Customized Cash Rewards Credit Card. However, approval is also influenced by other factors such as income and credit history.

Introductory Offers

In addition to the 0% APR on purchases and balance transfers, the card does not presently offer other specific introductory offers, which means that cardholders should make the most of the existing promotions to maximize their rewards.

Special Features or Unique Selling Points

One of the card’s unique selling points is the customizable cashback categories. This differentiation allows cardholders to adjust their rewards to fit their spending habits, making this card particularly appealing for frequent spenders in various categories.

How to Apply

Applying for the Bank of America Customized Cash Rewards Credit Card is a straightforward process. Potential customers can apply “>official website or for more financial insights, check out UpCube.net.