When it comes to cashback credit cards, flexibility and rewards are key. The Bank of America® Customized Cash Rewards Credit Card is designed to adapt to your spending habits, allowing you to earn more in the categories that matter most to you.
Whether you’re a frequent online shopper, a regular diner, or someone focused on home improvements, this card offers tailored benefits that maximize your spending power.
In this article, we’ll explore everything you need to know about this card, how to make the most of its features, and tips to increase your chances of approval.
Key Features of the Bank of America® Customized Cash Rewards Credit Card
This card is a game-changer for anyone looking to earn cashback on their own terms. Here are the standout features:
- 3% Cashback on a Category of Your Choice: You can choose one category to earn 3% cashback. Options include gas, online shopping, dining, travel, drugstores, or home improvement and furnishings.
- 2% Cashback at Grocery Stores and Wholesale Clubs: Earn rewards for everyday essentials, making this card a practical choice for families.
- 1% Cashback on All Other Purchases: Even outside the 3% and 2% categories, you’ll still earn cashback on every eligible purchase.
- Quarterly Spending Cap: The 3% and 2% cashback rates apply to the first $2,500 in combined purchases each quarter. After reaching this cap, all purchases earn 1% cashback.
- No Annual Fee: Keep all your rewards without worrying about additional costs.
- $200 Welcome Bonus: Earn a $200 online cash rewards bonus after spending $1,000 in purchases within the first 90 days of opening your account.
- Introductory APR: Enjoy a 0% introductory APR on purchases and balance transfers for 18 billing cycles (balance transfer fees apply).
Why This Card Stands Out
The Bank of America® Customized Cash Rewards Credit Card offers something many cashback cards don’t: control.
With the ability to choose your 3% cashback category, you can align your rewards with your spending habits. Whether you’re planning a home renovation, booking a vacation, or simply stocking up on groceries, this card ensures you’re earning the maximum rewards for your lifestyle.
Additionally, the card’s Bank of America® Preferred Rewards Program enhances its value. If you’re a member of this program, you could increase your cashback rates by 25% to 75%, giving you even more reason to use this card for everyday purchases.
Flexible Redemption Options
One of the best aspects of the Bank of America® Customized Cash Rewards Credit Card is its flexibility in redeeming rewards. Cashback can be redeemed as:
- A statement credit.
- A direct deposit into your Bank of America® checking or savings account.
- Contributions toward Merrill investment accounts.
- Gift cards or travel purchases.
This flexibility ensures that your rewards fit your financial goals, whether it’s reducing your credit card balance, saving for the future, or splurging on a special treat.
Tips to Maximize Your Rewards
To get the most out of the Bank of America® Customized Cash Rewards Credit Card, consider these tips:
- Choose the Right 3% Category: Evaluate your spending habits to determine which category will yield the most rewards. For example, if you’re planning a home project, select home improvement and furnishings as your category for that quarter.
- Track Your Spending Cap: Remember that the 3% and 2% cashback rates apply to the first $2,500 in combined purchases each quarter. Plan your spending accordingly to maximize your rewards within this cap.
- Join the Preferred Rewards Program: If you have a qualifying Bank of America® or Merrill account, enrolling in the Preferred Rewards Program can significantly boost your cashback rate.
- Pay Your Balance in Full: To avoid interest charges, make sure to pay off your balance in full each month. This allows you to enjoy the rewards without incurring additional costs.
- Take Advantage of the Welcome Bonus: Spend $1,000 within the first 90 days to secure the $200 online cash rewards bonus. Use this spending strategically on planned purchases.
Who Should Apply for This Card?
The Bank of America® Customized Cash Rewards Credit Card is perfect for:
- Flexible Spenders: If your spending habits vary, this card allows you to adjust your 3% category to match your needs.
- Budget-Conscious Individuals: With no annual fee, this card is ideal for those who want to earn cashback without additional costs.
- Existing Bank of America® Customers: If you already bank with Bank of America®, this card’s rewards and Preferred Rewards Program provide additional value.
How to Increase Your Approval Chances
To improve your odds of being approved for this card, follow these steps:
- Check Your Credit Score: The Bank of America® Customized Cash Rewards Credit Card is designed for individuals with good to excellent credit, typically a FICO score of 670 or higher.
- Maintain a Low Credit Utilization Rate: Aim to keep your credit card balances below 30% of your credit limit.
- Limit Recent Credit Inquiries: Avoid applying for multiple credit cards within a short period.
- Provide Accurate Information: Double-check your application to ensure all details are correct.
Take the Next Step Toward Smarter Spending
The Bank of America® Customized Cash Rewards Credit Card offers a unique blend of flexibility, rewards, and value.
Whether you’re a seasoned credit card user or exploring cashback cards for the first time, this card provides a practical and rewarding solution for your everyday spending.
Ready to start earning cashback tailored to your lifestyle? Click the button below to ACCESS OFFICIAL SITE and learn more about how this card can transform your spending. With its unbeatable features and customization options, it’s time to take control of your rewards.