Learn how to apply for the Bank of America® Customized Cash Rewards credit card

What do I need to know about the Bank of America® Customized Cash Rewards credit card?

The Bank of America Customized Cash Rewards credit card offers flexible and sizable cash-back rewards, but it also includes perks and bonuses that are tailored for the company’s banking and investment clients.

At grocery stores and wholesale clubs, the first $2,500 in total bonused-category spending per quarter receives an above-average 2% cash back, and you can select one of six categories for 3% cash back.

The enticing beginning offers include cash incentives that may be earned relatively affordably and quickly as well as 0% APR financing for a respectable period of time. There is no yearly fee.

Cashback: the bread and butter of this card

The following bonus categories are available to you: gas (which includes heating oil and marine fuel), online shopping, restaurants, travel, pharmacies, or home furnishings/improvements.

With this card, you can receive 3% cash back on any bonus category. You must dedicate at least one month to each category before switching at any moment.

The card offers 2% cash back in supermarkets and wholesale clubs and 1% cash back on all other purchases.

But there is a limit. The total cap for earning levels of 3% and 2% is $2,500 per quarter. You receive 1% cashback on all other purchases.

If members match the criteria and sign up for Bank of America’s Preferred Rewards program, they have the opportunity to increase their rate.

For a Bank of America personal checking account or Merrill account, a three-month average balance of $20,000 to $49,999 is necessary. Gold-tier customers also get a 25% rewards bonus.

Platinum tier members with average balances between $50,000 and $99,999 receive a 50% rewards bump.

Platinum Honors members with average balances of $100,000 or more receive a 75% rewards bonus.

As a result, the 3% cashback might increase to up to 5.25%.

Who can apply for the Bank of America® Customized Cash Rewards credit card?

The fact that the card is intended for people with good to excellent credit makes it a little more challenging to get accepted for it (at least a 670 FICO score)

Customers can check their prequalification for offers with Bank of America without performing a hard draw on their credit.

How to apply for the Bank of America® Customized Cash Rewards credit card

This card’s application procedure is done online, like most other card applications. If you already have a BOA Login, applying on the Bank of America website as a guest can take longer.

You will need to provide some personal information, though.

It is not very difficult to apply, even though it takes a little longer than usual because it is a credit card for people with excellent credit.

After that, you will have to wait a little period while they review your case and determine whether you are eligible for your card.

But if you’re still an old guard person, you can also phone (800) 322-7707 to submit your application.

Is it worth applying for the Bank of America® Customized Cash Rewards credit card?

For people who spend thousands of dollars each month, the Bank of America® Customized Cash Rewards credit card may not be the best option due to bonus-category spending limits.

But if you’re a thrifty shopper and want to pick your own 3% cash-back bonus area, this card is a great option, especially if you keep a lot of money with Bank of America® or Merrill.

Bank of America® Customized Cash Rewards credit card vs Bank of America® Unlimited Cash Rewards

When you put these two cards side by side, it all comes down to one question? How much do you spend?

If you are the kind of person who shops for thousands of dollars monthly, then the unlimited card may be for you.

However, as stated before, if you have somewhat a limited budget every month then Customized can make more cashback with less shopping.

Bank of America® Customized Cash Rewards credit card benefits

• No yearly charge
• Bonus for brand-new cardholders
• APR intro period
• Bonus categories that change
• Customer awards for good relationships

Bank of America® Unlimited Cash Rewards credit card benefits

• The minimum to redeem cash back is not necessary.
• Rewards for cash back never expire.
• Platinum Honors Preferred Rewards cardholders are eligible for up to 2.62% cashback.
• No annual fee

How to apply for the Bank of America® Unlimited Cash Rewards

If you think this might be the cashback BOA card for you, check out our article on how to apply!

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