Bank of America Customized Cash Rewards Credit Card is a popular credit card offered by the company. It provides consumers with an array of rewards and benefits that can be customized according to individual needs. This review will analyze the features, advantages, and disadvantages of this credit card in order to provide readers with an informed overview prior to making their decision about whether or not it is suitable for them.
The Bank of America Customized Cash Rewards Credit Card offers several incentives and benefits such as cash back on purchases, no annual fee, and other special offers. Furthermore, users are able to customize their rewards package based on personal preferences which makes it suitable for individuals who want more control over how they earn points or cash back. In addition, customers receive access to exclusive member deals and discounts along with 24/7 customer service support.
Overall, the Bank of America Customized Cash Rewards Credit Card appears to be a good choice for those looking for a flexible rewards program backed by excellent customer service. By evaluating each feature in detail throughout this review article, readers will gain insight into what sets this card apart from the competition so that they can make an educated decision regarding its suitability for them.
Overview
The Bank of America Customized Cash Rewards credit card offers a great deal for those who use it frequently. The card provides 1% cash back on every purchase, and 2% at grocery stores and wholesale clubs, as well as 3% cash back in one choice category chosen by the customer. There is no annual fee or foreign transaction fee associated with this card, making it an excellent option for people looking to earn rewards without having to pay extra fees each year. Customers can also take advantage of 0% introductory APR on purchases made within the first 60 days, followed by a variable rate that fluctuates depending on market conditions after the promotional period ends. With features like these, customers have plenty of reasons to consider applying for this card.
Additionally, customers may be eligible for special bonus categories such as travel, dining out and entertainment spending where they can receive up to 5X points per dollar spent. This makes it ideal for users who spend their money in these areas often. Furthermore, there are other benefits included such as free access to FICO Credit Score updates and exclusive discounts from participating merchants when using the Bank of America Customized Cash Rewards credit card. All in all, the Bank of America Customized Cash Rewards credit card is a solid option worth considering if you’re looking for an easy way to accumulate rewards quickly while still enjoying some great perks along the way.
Benefits & Features
The Bank of America Customized Cash Rewards Credit Card offers a wide array of features and benefits that make it an attractive option for consumers. This credit card provides cash back rewards on purchases made at grocery stores, pharmacy, gas stations, restaurants and more. In addition to the standard 1% cash back rate, customers can customize their account to receive up to 3% cash back in certain categories. Customers also have the opportunity to earn bonus points when they use their card for qualifying transactions such as shopping with select merchants or making mobile payments through the bank’s app.
Furthermore, this credit card comes with additional perks including access to exclusive discounts and deals, no annual fee and fraud protection services. The Bank of America Customized Cash Rewards Credit Card is a great choice for those looking for a flexible way to maximize savings while earning rewards on everyday spending.
Eligibility Criteria
The Bank of America Customized Cash Rewards Credit Card is available to those who can demonstrate evidence of a satisfactory credit history.
In order for individuals to be considered for the card, they must meet certain criteria:
- Must have an active checking or savings account with Bank of America (or another bank)
- Must have a minimum annual income of $20,000 in order to qualify for cash back rewards
- Must have a valid form of identification, such as a driver’s license or passport
In addition, applicants should also expect that their credit score will be checked before approval and that additional fees may apply if there are any late payments or other violations of terms and conditions. Those interested in applying for this card should carefully review all associated documents prior to signing anything so as to ensure a full understanding of all related obligations and commitments.
Fees & Charges
The Bank of America Cash Rewards Credit Card offers a number of fees and charges associated with account management. The annual fee is $0, while the cash advance APR is 26.49% variable. Additionally, foreign transaction fees are 3% of each purchase in U.S. dollars and 1% on purchases made in other currencies. Balance transfer fees are also applicable, at either $5 or 5% (whichever is greater). Late payment fees range from $37 to $39 depending on the balance owed; returned payment fees can reach up to $35 per occurrence.
Overall, users should be aware that there will be costs associated with using this card for any purpose beyond simply making purchases without taking advantage of additional features such as cash advances or balance transfers. In light of these potential expenses, it is important for customers to carefully consider their needs before signing up for this credit card product and make sure they understand all relevant terms and conditions regarding fees and charges before using it.
Rewards Program
The Bank of America Customized Cash Rewards Credit Card offers a comprehensive rewards program designed to maximize the user’s return. With this card, users earn 3% cash back on their choice of one category from gas stations, online shopping, dining, travel, drug stores or home improvement/furnishings. Additionally, they can receive 2% cash back at grocery stores and wholesale clubs up to $2,500 in combined purchases each quarter. The remaining 1% is earned on all other purchases made with the card. Furthermore, new applicants are eligible for an introductory bonus offer which provides them with an additional 25-100% cash back after meeting initial spending requirements.
Cardholders additionally benefit from special discounts offered through the exclusive BankAmerideals feature as well as extended warranties for products purchased using the card. Moreover, no matter how much money customers spend on their purchases, there is never an annual fee associated with this credit card. In summary, the Bank of America Customized Cash Rewards Credit Card boasts a valuable rewards program that provides users with considerable financial benefits when used responsibly.
Customer Support
Moving forward, the customer support available with a Bank of America Customized Cash Rewards Credit Card is another noteworthy feature. Customers are able to access 24/7 telephone and online customer service through which they can securely manage their account and get assistance with any inquiries or questions. Furthermore, customers have the ability to request additional cards for family members who may also use the card as well as report lost or stolen cards. If necessary, customers can also upgrade or downgrade their credit line limit on the card. All these features combine to make this an attractive option when it comes to rewards-based credit cards. Additionally, since Bank of America is one of the largest financial institutions in the United States, its reputation for providing excellent customer service further adds value to this product.
Conclusion
The Bank of America Customized Cash Rewards Credit Card is an excellent choice for those looking to maximize their cashback rewards. With flexible reward categories and no annual fee, customers have the freedom to earn rewards based on their individual spending habits. The card also offers competitive interest rates, low fees, and a customer support team that can be reached 24/7 in case there are any issues or questions. Additionally, the card’s generous signup bonus provides a great opportunity to get even more out of using the card. All these features make this credit card an attractive option for anyone who wants convenience and flexibility when earning cash back rewards.