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

Applying for a new credit card can be a daunting task, but with the right guidance, it becomes a straightforward process. The Bank of America Customized Cash Rewards Credit Card is designed to cater to individual spending habits with attractive features. Whether you’re looking for rewarding cash back options or flexible choices, this card offers 3% cash back in a category of your choice, including gas, online shopping, or dining. Additionally, enjoy 2% cash back at grocery stores and wholesale clubs, and 1% on all other purchases.

Imagine earning rewards on everyday purchases while having control over where you earn the most. With no annual fee and a competitive interest rate, it’s ideal for those who want value without extra costs. Are you ready to transform your spending into smart savings? Discover how to navigate the application process effectively and unlock the benefits today.

Key Benefits of the Bank of America Customized Cash Rewards Credit Card

1. Flexible Cash Back Rewards

This card offers a versatile cash back program, allowing you to earn rewards tailored to your spending habits. Choose your own 3% cash back category from options like gas, online shopping, dining, travel, drug stores, or home improvement. Additionally, earn 2% cash back at grocery stores and wholesale clubs, plus 1% on all other purchases. By aligning the 3% category with your primary expense, such as weekly online shopping, you can maximize your rewards.

2. No Annual Fee

One of the standout benefits is that this card comes with no annual fee. This means you won’t have to worry about paying a yearly charge just to keep the card, allowing you to retain all your earned cash back. Choosing a card with no annual fee is a smart way to keep costs low while still enjoying valuable cash back benefits.

3. Attractive Introductory APR Offer

The Bank of America Customized Cash Rewards Credit Card provides an introductory 0% APR for 15 billing cycles on purchases and any balance transfers made within the first 60 days. After the introductory period, your APR will revert to the standard variable rate. This can be a great way to manage large purchases or consolidate existing high-interest credit card debt, offering temporary financial relief.

4. Bank of America Preferred Rewards

If you’re a member of the Bank of America Preferred Rewards program, you can earn 25% to 75% more cash back on every purchase. Joining this program can significantly boost your rewards but requires maintaining a qualifying balance across your Bank of America accounts. This benefit is especially useful for those who already use Bank of America for their financial needs.

5. Secure and Beneficial Travel Features

This card provides a suite of travel-related benefits, including travel and emergency assistance, lost luggage reimbursement, and trip cancellation coverage. While typically associated with higher-end cards, having these perks at no extra cost can provide peace of mind during your travels without extra hassle.

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Requirements for the Bank of America Customized Cash Rewards Credit Card

• Applicants must have a minimum credit score of good to excellent. Typically, this translates to a score of 670 or higher. A solid credit score is crucial as it indicates your ability to manage debt responsibly and increases your chances of approval.
• Proof of a steady source of income is needed. This could be demonstrated through recent pay stubs, tax returns, or bank statements. Consistent income reassures the bank of your ability to repay any credit card debt incurred.
• You must be at least 18 years old (or 21 in case of certain exceptions) to meet the legal age requirements to maintain a credit card account.
• The bank requires a valid Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) for identification and verification purposes. This helps establish your identity and financial reliability.
• Applicants should provide a valid U.S. address. This could be a residential or a mailing address within the United States, allowing the bank to correspond with you effectively.

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

Step 1: Visit the Bank of America Website or Local Branch

Begin your application journey by visiting the official Bank of America website. Navigate to the credit cards section, specifically the part about the Customized Cash Rewards Credit Card. If you prefer a more personal touch, you can also visit your nearest Bank of America branch. Talking to a representative might offer you additional insights and options that you may not find online.

Step 2: Review Eligibility Requirements

Before applying, examine the specific eligibility criteria for the Customized Cash Rewards Credit Card. Generally, you will need a good credit score, proof of income, and U.S. residency. Ensure that your personal information and financial history align with these requirements to optimize your chances of approval. Many applicants overlook this step, which can lead to unnecessary denials.

Step 3: Complete the Application Form

Once you’re sure of your eligibility, proceed to fill out the application form. This can usually be done online or with the assistance of a bank representative. Be prepared to provide personal information such as your Social Security number, contact information, and financial details. Double-check your entries for accuracy to prevent any delays in processing.

Step 4: Submit Your Application

After verifying the accuracy of your information, go ahead and submit your application. If you’re applying online, you will typically receive a confirmation email. For in-person applications, ensure you receive some form of acknowledgment of your submission. Submitting promptly after reviewing your information can expedite the approval process.

Step 5: Await Approval and Receive Your Card

Once submitted, the bank will review your application. This verification process can take anywhere from a few minutes to a few days. If approved, you will be notified and your new credit card will be mailed to you. Follow any additional instructions provided in your approval notification to activate your card and start using it.

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Frequently Asked Questions about the Bank of America Customized Cash Rewards Credit Card

What are the cashback rewards offered by the Bank of America Customized Cash Rewards Credit Card?

The Bank of America Customized Cash Rewards Credit Card offers a flexible cashback rewards program. You can earn 3% cashback on a category of your choice, such as gas, online shopping, dining, travel, drug stores, or home improvement/furnishings, 2% cashback at grocery stores and wholesale clubs, and 1% cashback on all other purchases. Please note that the 3% and 2% rates are applicable to the first $2,500 in combined choice category, grocery store, and wholesale club purchases each quarter, then 1% thereafter.

How can I change the 3% cashback category on my Bank of America Customized Cash Rewards Credit Card?

You can change your 3% cashback category each calendar month through Bank of America’s online banking or mobile app. This flexibility allows you to optimize your rewards based on your spending habits and upcoming expenses.

Is there an annual fee for the Bank of America Customized Cash Rewards Credit Card?

No, there is no annual fee for the Bank of America Customized Cash Rewards Credit Card, making it an attractive option for those who want to earn cashback without paying extra yearly fees.

Does the Bank of America Customized Cash Rewards Credit Card offer any introductory APR benefits?

Yes, this card offers an introductory 0% APR on purchases and balance transfers for the first 15 billing cycles. After that, a variable APR will apply. Keep in mind that a 3% fee (minimum $10) applies to balance transfers made within the first 60 days.

Are there any additional benefits to using the Bank of America Customized Cash Rewards Credit Card?

Yes, in addition to cashback rewards, cardholders can enjoy benefits such as overdraft protection when linked to a Bank of America checking account, no penalty APR for being late with a payment, and access to FICO® Score updates for free. Cardholders who are Preferred Rewards clients can also earn 25% to 75% more cashback on every purchase, enhancing the value of the card tremendously.

Linda Carter

Linda Carter is a writer and financial expert specializing in personal finance and financial planning. With extensive experience helping individuals achieve financial stability and make informed decisions, Linda shares her knowledge on the our platform. Her goal is to empower readers with practical advice and strategies for financial success.