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

Bank of America Customized Cash Rewards Credit Card is such a good financial landscape that you need nowadays. Because finding a credit card that adapts to your spending habits while offering meaningful rewards and no annual fee can feel like searching for a needle in a haystack. 

Whether you’re a young adult building credit, a business owner managing expenses, or someone with a less-than-perfect credit score looking for flexibility, the Bank of America Customized Cash Rewards Credit Card presents a compelling option worth exploring.

This article will walk you through everything you need to know about this credit card—from its key benefits to the step-by-step application process—helping you make an informed decision and get started earning rewards tailored to your lifestyle.

What Exactly Is the Bank of America Customized Cash Rewards Credit Card?

The Bank of America Customized Cash Rewards Credit Card is a cashback credit card issued by Bank of America, one of the largest banks in the U.S. This card is specifically designed for individuals who want the freedom to select their cashback category monthly, allowing them to tailor their rewards according to current spending needs.

Ideal for people with fair to good credit (typically a credit score of 670 or higher), this card caters to those who appreciate flexibility over rigid reward structures. It also fits well for business owners and premium users who seek practical perks without an annual fee weighing them down.

This card’s primary purpose is to deliver customized cashback rewards with a user-friendly interface, making it a smart choice for anyone seeking to maximize value without complicated terms.

The Perks That Make This Card Stand Out

This credit card boasts an impressive lineup of benefits that appeal to a broad audience. Let’s delve into some of the standout features that put it ahead of many competitors.

Flexible 3% Cashback in Your Choice Category

Every month, you can pick one spending category to earn 3% cashback. Categories include popular options such as online shopping, dining, gas, travel, drug stores, or home improvement. This kind of customization means your rewards align with your lifestyle, unlike many cards with fixed categories.

Steady 2% Cashback on Groceries and Wholesale Clubs

In addition to your chosen 3% category, you’ll earn 2% cashback automatically on grocery store and wholesale club purchases, which is perfect for families or those budgeting household expenses.

A Reliable 1% Cashback on Everything Else

All other purchases earn a straightforward 1% cashback, ensuring no transaction goes unrewarded.

Welcome Bonus and No Annual Fee

New cardholders can earn a $200 cash rewards bonus after spending $1,000 within the first 90 days, a strong incentive for new users. Plus, there’s no annual fee, making this card a cost-effective long-term tool.

Additional Benefits for Bank of America Customers

If you’re a Bank of America Preferred Rewards member, you could enjoy a cashback bonus of up to 75%, making this card even more rewarding.

These perks collectively make the Bank of America Customized Cash Rewards Credit Card better than most alternatives when it comes to flexible rewards and fees.

Some Honest Considerations Before You Apply

While the card offers many advantages, it’s important to be aware of certain limitations. The 3% and 2% cashback rates apply only to the first $2,500 spent in combined categories per quarter; after that, all purchases earn 1%. For those with very high spending in these categories, this might limit cashback potential compared to flat-rate rewards cards.

The card also carries a variable APR typically ranging from approximately 16.99% to 24.99%, depending on creditworthiness. There’s also a 3% foreign transaction fee, which could be a drawback for frequent international travelers.

Lastly, this card requires fair to good credit, so if you have a low credit score or limited credit history, other cards designed for credit building might be a better first step.

How to Apply: A Simple Step-by-Step Guide

Applying for the Bank of America Customized Cash Rewards Credit Card is straightforward and quick, especially with Bank of America’s user-friendly website.

1. Visit Bank of America’s Official Website: Navigate to bankofamerica.com.
2. Locate the Credit Cards Section: From the homepage menu, select “Credit Cards,” then browse the “Cash Back” card options.
3. Select the Customized Cash Rewards Card: Click on the card to view details, then hit the “Apply Now” button.
4. Complete the Online Application: Fill out the required personal and financial information, such as your name, address, income, and employment details. Review all entries carefully before submission.

After submitting your application, you’ll often get a decision within minutes. Upon approval, your card will typically arrive within 7 to 10 business days, ready for use.

Who Is the Ideal Candidate for This Card?

This card is well-suited for U.S.-based individuals who want a no-annual-fee card with versatile cashback options that fit their lifestyle. It’s a solid pick for:

• Young adults or those rebuilding credit who want to establish responsible spending habits.
• Business owners looking for a practical card that offers rewards on everyday purchases without complex terms.
• Premium users who prefer perks without annual fees.
• Anyone seeking a flexible cashback card that adapts monthly to their spending.
  

If you fall into any of these categories, this card could be a valuable addition to your wallet. Don’t wait—apply now and start earning rewards tailored to you.

FAQs

Is there an annual fee?

No, the Bank of America Customized Cash Rewards Credit Card has no annual fee.

What credit score do I need to apply?

The card generally requires fair to good credit, with a recommended score of 670 or higher.

Are there any foreign transaction fees?

Yes, a 3% fee applies to purchases made outside the U.S.

How often can I change my 3% cashback category?

You can change your cashback category once per calendar month through your online account or mobile app.

Wrapping It Up: Why This Card Could Be Your Next Best Choice

In summary, the Bank of America Customized Cash Rewards Credit Card offers a refreshing blend of flexibility, rewards, and no annual fees, making it a competitive option for a broad range of users. 

This card is better than most alternatives when it comes to tailoring rewards to your changing lifestyle, and it supports responsible credit use with solid incentives.

If you want a step-by-step guide on applying for another great card, check out our article, “How to Apply for Ally Platinum Mastercard: Easy Step-by-Step Guide”.

For more insights on credit cards and financial tips, visit nswShop.com, your trusted source for smart money moves.

Hugo