The Susan G. Komen® Customized Cash Rewards Visa Credit Card is an innovative financial product that allows cardholders to support breast cancer research while also earning cash rewards on their purchases. This unique partnership between Bank of America and the Susan G. Komen® organization enables users to contribute to a meaningful cause while enjoying the benefits of a cash rewards credit card.
With each purchase made using the Susan G. Komen® Customized Cash Rewards Visa Credit Card, a portion is donated to the organization, contributing to their efforts in funding groundbreaking research and supporting patients battling breast cancer. This card allows consumers to seamlessly blend charitable giving with everyday spending, making it a compelling and convenient option for those passionate about supporting the fight against breast cancer.
Card Overview
The Susan G. Komen® Customized Cash Back Rewards Visa Credit Card is a unique product designed to let cardholders earn cash rewards on purchases while simultaneously supporting breast cancer research. This card not only offers competitive cash-back rewards but also contributes to a great cause in the fight against breast cancer.
When a cardholder opens a new account and meets the qualifying purchase requirements, Bank of America pledges to make a donation to Susan G. Komen, a renowned organization dedicated to breast cancer research and patient support. As of February 2023, Bank of America has donated more than $1.5 billion to breast cancer research through this initiative.
The Susan G. Komen® Customized Cash Back Rewards Visa Credit Card allows users to earn cash back in different categories. The card offers:
- 3% cash back in the category of your choice (gas, online shopping, dining, travel, drug stores, or home improvement/furnishings)
- 2% cash back at grocery stores and wholesale clubs
- 1% cash back on all other purchases
These cash-back rewards make it an attractive option for those looking to maximize their spending while contributing to a meaningful cause. It is important to note that the 3% and 2% cash back rates apply to the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter, and all subsequent purchases earn 1% cash back.
Rewards and Benefits
The Susan G. Komen® Customized Cash Back Rewards Visa Credit Card offers cardholders the opportunity to make a positive impact while earning cash back rewards. A portion of your purchases supports breast cancer research, making this card an excellent choice for those who want to contribute to a worthy cause while enjoying financial benefits.
Cardholders can earn cash rewards on various types of purchases, such as 3% cash back in a chosen category (gas, online shopping, dining, travel, drug stores, or home improvement/furnishings), 2% cash back at grocery stores and wholesale clubs, and 1% cash back on all other purchases. The 3% and 2% cash back rewards apply to the first $2,500 in combined category purchases each quarter, after which cardholders will earn 1% cash back on those purchases.
Additionally, new cardholders can receive a sign-up bonus after meeting certain spending requirements within the first few months of account opening. This bonus adds to the overall appeal of the card, making it an attractive option for those looking to maximize their cash back rewards.
The Susan G. Komen credit card also features a 0% introductory APR on purchases and balance transfers for a specified period, providing cardholders with the opportunity to pay down balances without incurring interest charges. Once the introductory period ends, a variable APR will apply based on the cardholder’s creditworthiness.
By using the Susan G. Komen® Customized Cash Rewards Visa Credit Card, cardholders not only enjoy cash back rewards and sign-up bonuses, but they also contribute to a critical cause. Bank of America pledges to make a donation to breast cancer research through the Susan G. Komen organization each time a new card account is opened and for each qualifying purchase made with the card, further supporting the fight against breast cancer.
Donations to Breast Cancer Research
The Susan G. Komen® Customized Cash Rewards Visa Credit Card is a unique way for cardholders to support breast cancer research. With every purchase made using this card, a donation is made to the Susan G. Komen foundation, a leading organization in the fight against breast cancer.
Over the years, Susan G. Komen has funded numerous breakthroughs in breast cancer research and has donated more than $1.5 billion to research, education, advocacy, and healthcare. By utilizing the Susan G. Komen credit card, cardholders can contribute to this cause while also enjoying cash-back rewards and other benefits.
Some features of the card that help support breast cancer research include:
- Bank of America donates a portion of each purchase made with the card to the Susan G. Komen foundation.
- A one-time $200 online cash rewards bonus offer is available to new cardholders after meeting the minimum spending requirements, further boosting their support to the cause.
By choosing the Susan G. Komen Customized Cash Rewards credit card, consumers can make an active contribution to breast cancer research and help the organization continue its mission of ending breast cancer forever.
Fees and Interest Rates
The Susan G. Komen® Customized Cash Rewards Visa Credit Card has a few fees and interest rates that you should be aware of when considering the card. Firstly, it’s important to note that this card does not have an annual fee, making it an attractive option for those looking to support breast cancer research and earn cash-back rewards without any yearly cost.
As for interest rates, the card offers a Low Introductory APR Offer, which can be beneficial for new cardholders with large initial purchases or balance transfers. After the introductory period, the card’s variable APR on purchases and balance transfers will apply, so it’s essential to consider your spending and payment habits.
Now, let’s discuss other fees on the card. There are fees for balance transfers and cash advances. Additionally, the card charges a foreign transaction fee, which means using the card for purchases outside of the United States may result in extra charges. It’s important to be aware of these fees when planning your spending, especially if you travel often or plan to use the card for balance transfers or cash advances.
Here’s a summary of the main fees and interest rates for the Susan G. Komen® Customized Cash Rewards Visa Credit Card:
- No annual fee
- Low Introductory APR Offer
- Variable APR on purchases and balance transfers after the introductory period
- Balance transfer fee
- Cash advance fee
- Foreign transaction fee
For a more in-depth understanding of the card’s fees and rates, it’s essential to read the card’s terms and conditions. This will help ensure that you are aware of all the card’s associated costs, allowing you to make an informed decision when choosing this card to support breast cancer research and earn cash-back rewards.
Pros and Cons
One of the major pros of the Susan G. Komen Customized Cash Rewards Visa Credit Card is its charitable aspect. With every purchase, you’re helping contribute to the fight against breast cancer, as a portion of each transaction is donated to the Susan G. Komen organization. This makes it an ideal choice for those who want to support a good cause while earning cash rewards.
Another advantage of this card is its cash back rewards program. Cardholders can earn up to 3% cash back in the category of their choice, 2% cash back at grocery stores and wholesale clubs, and 1% cash back on all other purchases. This flexibility allows you to maximize your rewards based on your spending habits.
The card also comes with a $200 online cash rewards bonus after spending $1,000 in purchases within the first 90 days of account opening, offering a substantial incentive for new users.
However, there are a few cons to consider as well. While the card does contribute to breast cancer research, the donations from Bank of America may not have a significant impact on the overall research funding landscape, as the amount donated is just a fraction of a percent of Susan G. Komen’s total revenue.
Another downside is the 3% foreign transaction fee, which may deter those who frequently travel internationally from using the card abroad. Additionally, the 2% cash back rate at grocery stores and wholesale clubs is capped at $2,500 in combined purchases per quarter, which may limit the rewards potential for heavy spenders in these categories.
Application Process
The application process for the Susan G. Komen® Customized Cash Rewards Visa Credit Card is simple and can be completed online. To begin, visit the Bank of America website and follow the instructions provided.
When applying, you’ll need to provide some personal information such as your name, address, Social Security number, and income details. This information is necessary for the bank to determine your eligibility for the card and to establish your credit limit.
Once you’ve submitted your application, you can expect a response within a few minutes. In some cases, additional information might be required or your application could go through further review, which could take a few days.
If your application is approved, you’ll receive your new Susan G. Komen® Customized Cash Rewards Visa Credit Card in the mail, usually within 7-10 business days. After activating the card, you can start using it to make purchases and earn cash back rewards, while also supporting breast cancer research.
Conclusion
The Susan G. Komen® Customized Cash Rewards Visa Credit Card offers a unique opportunity for cardholders to support breast cancer research while earning cash rewards on purchases. By choosing this card, you can contribute to a noble cause and help the organization in its mission to find a cure for breast cancer.
The card provides competitive cash back rates and a variety of reward redemption options. Additionally, Bank of America’s pledged donations to the Susan G. Komen Foundation make it even more worthwhile for those who want to make a difference while managing their day-to-day finances.
Before applying for the Susan G. Komen® Customized Cash Rewards Visa Credit Card, it is essential to evaluate your spending habits and personal financial needs. Nonetheless, if supporting breast cancer research is a cause that resonates with you, this card can be an excellent option for making a positive impact.