What is the average credit score needed to get approved for a Bank of America® Customized Cash Rewards credit card?

The average credit score required to get the Bank of America® Customized Cash Rewards credit card is good or excellent.

Does the Bank of America® Customized Cash Rewards credit card report to all three credit bureaus?

Yes, Bank of America reports your credit history to all three credit bureaus.

Is the Bank of America® Customized Cash Rewards credit card application process lengthy? Can you prequalify?

The application process is straightforward. All you need is to provide the required details online. Individuals can prequalify for the card.

What information is needed to apply for a Bank of America® Customized Cash Rewards credit card?

You will need to provide your personal information, including your name, residential address and contact details. You will also need to provide your financial and credit score information as part of the application process.

Does the Bank of America® Customized Cash Rewards credit card have good customer service and satisfaction?

This bank offers excellent customer service through its contact page. Cardholders can contact the bank by phone or in writing. Alternatively, you can contact the bank via their social media accounts.

Does the Bank of America® Customized Cash Rewards credit card have a mobile app or the option to pay or manage your account online?

Bank of America has a mobile app and an online platform that cardholders can use to manage their accounts.

Does the Bank of America® Customized Cash Rewards credit card raise credit limits automatically or charge for limit increases?

The bank does not raise credit limits automatically. However, cardholders who are eligible to request a credit line increase can do so online by signing into their account.

Does the Bank of America® Customized Cash Rewards credit card offer the option to freeze your credit/account or have other security features?

While Bank of America does not offer the option to freeze your account, it does monitor abnormal patterns in your account and alerts you in case of fraudulent activity. The bank also offers a $0 Liability Guarantee in case a fraudulent transaction occurs.

Does Bank of America offer other credit cards besides the Bank of America® Customized Cash Rewards credit card?

Yes, Bank of America offers various other credit cards. Some of these cards include, but are not limited to, the Bank of America Unlimited Cash Rewards, Bank of America® Premium Rewards® credit card Elite and Bank of America® Customized Cash Rewards credit card for Students.

Bank of America® Customized Cash Rewards Card Review

The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

Bank of America® Customized Cash Rewards credit card
A great no-annual-fee card for earning high cash back on bonus categories
- 1% – 3% Cash BackRewards Rate
- 18.24% – 28.24% VariableAPR
- $0Annual Fee
- Good–ExcellentRecommended Credit
We love the Bank of America® Customized Cash Rewards credit card because it lets you earn higher-than-usual cash back on bonus categories without charging annual fees. Spending $1,000 on purchases in the first 90 days brings with it a $200 cash rewards bonus. In addition, this card comes with an intro 0% APR on purchases and balance transfers for the first 18 billing cycles.
What sets this card apart from most cash back cards is it lets you select one of six categories through which you earn 3% cash back. Spending at grocery stores and wholesale clubs earn 2% cash back, and you earn 1% cash back on all other purchases. You may change the 3% bonus category once every calendar month. If you’re a Preferred Rewards member, you stand to earn up to 75% more cash back.
One drawback is that the 3% and 2% cash back you earn applies on the first $2,500 in combined purchases across the bonus categories every quarter, after which you earn 1% cash back. Using this card outside of the U.S. might not be in your best interest given that it charges foreign transaction fees.
Pros
No annual fees
Up to 3% cash back
0% APR on purchases and balance transfers for 18 billing cycles
Potential to earn higher cash back as a Preferred Rewards member
Spend-based welcome bonus

Cons
Bonus cash back on combined spending of up to $2,500 on bonus categories each quarter
Balance transfer fees
Foreign transaction fees
No travel benefits
Penalty APR may apply in cases of late/returned payments
$0 annual fee
Get an online cash rewards bonus of $200 if you spend $1,000 on purchases in the first 90 days
Earn up to 3% cash back on up to $2,500 you spend on bonus categories every quarter
Choose from gas, online shopping, dining, travel, drug stores, and home improvement & furnishings as your 3% bonus category
Higher cash back for Preferred Rewards members
Redeem cash back as a statement credit, a direct deposit into a Bank of America checking/savings account or a contribution to an eligible Merrill account
Intro 0% APR on purchases and balance transfers for the first 18 billing cycles, then a variable APR of 18.24% – 28.24% after that
3% balance transfer fee
3% foreign transaction fee (5% for overseas cash advances)
Disclaimer: Credit card offers are constantly changing. We work hard to stay updated with the latest information, but the offers listed on our site may no longer be available.
Terms, rates and fees apply
Compare this credit card with other top-rated credit cards.

WHY TRUST OUR REVIEWS

MoneyGeek ranked the best credit cards using a streamlined methodology that incorporates various factors. Our process starts with collecting credit card details from the Consumer Finance Protection Bureau and generating standard data points and ideal spend profiles. We then review the benefits and rewards of each card and continuously update the data on a monthly basis.

MoneyGeek reviewed the Bank of America® Customized Cash Rewards credit card’s benefits to help you determine if this card is a good choice for you. It offers a 0% introductory APR on regular purchases for up to 18 billing cycles as well as balance transfers within the first 60 days of opening an account. However, this card has a relatively high APR of 17.99% - 27.99%, and you need good credit to qualify.

Bank of America® Customized Cash Rewards credit card Overview

The Bank of America® Customized Cash Rewards credit card offers some excellent bonuses and rewards. Here’s a breakdown of what the card offers.

Quick Take

$0 annual fee
Get an online cash rewards bonus of $200 if you spend $1,000 on purchases in the first 90 days
Earn up to 3% cash back on up to $2,500 you spend on bonus categories every quarter
Choose from gas, online shopping, dining, travel, drug stores, and home improvement & furnishings as your 3% bonus category
Higher cash back for Preferred Rewards members
Redeem cash back as a statement credit, a direct deposit into a Bank of America checking/savings account or a contribution to an eligible Merrill account
Intro 0% APR on purchases and balance transfers for the first 18 billing cycles, then a variable APR of 17.99% - 27.99% after that
3% balance transfer fee
3% foreign transaction fee (5% for overseas cash advances)

Important Card Details

While the Bank of America® Customized Cash Rewards credit card charges no annual fee, there are some limitations to the card that you should understand before applying. Here are a few key points within the fine print you’ll want to consider.

Below are some of the fees associated with the card.

Regular APR
This card has a variable APR of 17.99% - 27.99% on regular purchases. For individuals who are likely to make late payments, this may result in high interest rates. However, keep in mind that Bank of America provides a 0% intro APR offer on this card for the first 18 billing cycles.
Balance Transfer
The Bank of America® Customized Cash Rewards credit card has a 3% balance transfer fee in addition to the variable APR of 17.99% - 27.99%.
Rewards limitations
The higher rewards rate of 2% and 3% only apply to your first $2,500 in purchases each quarter. Then, the rewards rate drops down to 1%.
Late Payment Fees
Bank of America charges up to $40 in late fees.
Foreign Transaction Fee
You will pay 3% in international fees for all purchases made outside of the United States.

Additional Benefits

Besides the numerous rewards and benefits that this card offers, Bank of America® Customized Cash Rewards credit card customers can access the following unique features.

How the Bank of America® Customized Cash Rewards credit card Compares To Other Cards

The Bank of America® Customized Cash Rewards credit card offers generous rewards on purchases while also charging no annual fees. However, some other cards in the cash back category may offer better rewards and features. It can be helpful to compare cards before deciding which one to apply for in order to make sure you choose the right one for your spending habits.

How the Bank of America® Customized Cash Rewards credit card Compares

Bank of America® Customized Cash Rewards credit card

Annual fee: $0
Purchase APR: 17.99% - 27.99% variable
Intro APR offer: 0% for 18 billing cycles, then a variable APR of 17.99% - 27.99%
Foreign transaction fee: 3%
Cash back rate: Up to 3%
Best for: Anyone who wants a more robust rewards program to get more cash back on their spending

Susan G. Komen Customized Cash Rewards

Annual fee: $0
Purchase APR: 17.99% - 27.99% variable
Intro APR offer: 0% for 18 billing cycles
Foreign transaction fee: 3%
Cash back rate: Up to 3%
Best for: Supporting a worthwhile cause while getting rewards in the process

Frequently Asked Questions

sources

Bank of America. "Cash Back Rewards Credit Card Cash Back Categories & Exclusions." Accessed April 13, 2022.
Bank of America. "Cash Back Rewards Credit Card with 3% Choice Category." Accessed April 13, 2022.
Bank of America. "Credit Card FAQ and Features." Accessed April 13, 2022.

*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
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MoneyGeek’s Take

Bank of America® Customized Cash Rewards Credit Card Review

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