When applying for a certain credit card, you need to consider all the factors and angles to see if the card is the right fit for you. For example, a lot of people consider the kind of rewards available when choosing their credit card. Some people want points or miles while others want cashback rewards.
The Bank of America Cash Rewards Credit Card is one of the best cash-back rewards credit cards on the market. With welcome rewards of up to $200, you should already consider this card a key priority.
If you’re interested in learning more about the card, read on to find out how you can apply online.
Why Apply for the Bank of America Customized Cash Rewards Credit Card?
If you want to have a flexible rewards program that is flexible enough for your spending standards, then this is the right card for you.
The card is also for those who don’t want to pay an annual fee and want to have a very good welcome bonus and rewards rate.
There are a lot of people who also want to receive cash back instead of miles or points as rewards and if you’re part of this demographic, you can always apply for the card considering you are eligible for it.
Find Out If You’re Eligible for the Card
To be eligible for the Bank of America Customized Cash Rewards Credit Card, applicants will need to have a good credit score of at least 670.
While the bank will not look at your credit score during your application, it will consider your income, the number of credit cards that you own, and your history with the bank before they decide to approve your credit card. You should also be 18 years old and above and must be a US citizen with a good income and documents to these requirements when you apply.
If you have further questions, you can call their customer service line at 1-800-432-1000 or visit their main office at Bank of America Corporate Center, 100 North Tryon Street, Charlotte, NC 28255.
Rewards, Rates, and Fees
The Bank of America Customized Cash Rewards Credit Card offers zero annual fees for cardholders with a rewards rate of up to 3% cash back in rotating categories that you get to choose from each month.
You’ll also receive 2% cash back when you purchase at grocery stores and wholesale clubs and 1% on any other purchases made with the card. Cardholders will receive $200 cash as a welcome bonus after spending $1,000 on the first 90 days of owning the card.
Another benefit of this card is the 0% intro APR on purchases for the first 18 billing cycles and any balance transfers made on the first 60 days of owning the card.
Redeeming Your Cash Back Rewards
Once you have accumulated enough rewards from your Bank of American Customized Cash Rewards Credit Card, you can redeem rewards to your Bank of America checking or savings account through electronic deposits.
There is no expiration for the amount of cash back you’ve earned throughout the entire time you own the card, but there is a $25 threshold before you can redeem your cashback. You don’t need to rush into redeeming your cashback rewards, so be sure to collect as many cashback rewards as possible before you redeem them.
It can help pay off your current monthly bill when you have enough cashback rewards on your card.
How to Apply for the Bank of America Customized Cash Rewards Credit Card
Applying for the Bank of America Cash Rewards Credit Card is much faster than before. You can call the bank and schedule an appointment at any nearby branch so you can be accommodated properly when you apply. Bring the required documents with you when you visit the branch to fill out the application form.
You can also apply online through the website by heading to the official website, choosing the card that you want, and clicking on “Apply Now”.
Fill out the application form and upload the required digital documents. Don’t forget to review the terms and conditions before you send your application for approval.
Wait for their email for the decision and if you are approved, the card will be mailed to you using the address that you have provided in the application form.
How to Make Good Use of the Bank of America Cash Rewards Credit Card?
If you finally have your Bank of America Cash Rewards Credit Card, it’s time to learn how best to take full advantage of this amazing rewards card. Spend at least $1,000 in the first 90 days and you’ll be able to benefit from your sign-up bonus.
Whether you’re spending it on gas or groceries, it’s up to you, and you will receive a good amount of cashback as a reward as well. Enroll in the Preferred Rewards program to receive a higher reward rate depending on the tier that you are enrolled in. Use the card for different purchases so you can hit your spending limit and unlock all the rewards that you can have.
Take the time to look at your spending for each month and see if you can add another 3% bonus for your rewards. You can also pair this card with another Bank of America card like the Premium Rewards card to further expand your rewards in dining and travel purchases.
Conclusion
This Bank of America Cash Rewards Credit Card is a card you should look into. With its rewards and benefits, you will surely love to use this card for every purchase that you make.
Note: There are risks involved when applying for and using a credit card. Consult the bank’s terms and conditions page for more information.