cash rewards credit card bank of america

The Citi Custom Cash Card is big-idea plastic that also works well as a companion card. The card earns outsize Union Bank Platinum Visa Credit Card 2022 Review. The Bank of America Unlimited Cash is as simple as it gets for a rewards card, but it has a lower rewards rate. Unlike the Customized Cash card, the Unlimited Cash card doesnt restrict how much cash back you can earn, so you dont have to worry about switching to a more rewarding card after hitting a certain spending threshold. Finally, the card includes several consumer protection benefits, including extended warranty protection, auto rental collision damage waiver and trip cancellation/interruption insurance. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. Our partners compensate us. We maintain a firewall between our advertisers and our editorial team. For the right person, it can be outstanding. offers potentially valuable rewards for those who spend modestly, its rewards structure is fairly involved. We've reviewed student credit cards and starter credit cards to find the best. We'd love to hear from you, please enter your comments. Lets say you eat out frequently, so you select dining as your 3 percent rewards category on your Customized Cash card. Bank of America Cash Reward Credit Card Features Earn a $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of account opening 1% cash back on every purchase 2% at grocery stores and wholesale clubs and 3% on gas for the first $2,500 in combined grocery/wholesale club/gas purchases Introduction to the Bank of America Customized Cash Rewards. Become a NerdWallet member, and well send you tailored articles we think youll love. Earn Unlimited 2x miles on every purchase, every day. Chauncey grew up on a farm in rural northern California. At Bankrate we strive to help you make smarter financial decisions. And of those that exist, none of them lets you change your selection up to once a month, as the Bank of America Customized Cash Rewards credit card does. Dia Adams is a noted family travel expert and a real-life Mom of two teens in the DC Metro area. You might be using an unsupported or outdated browser. Bank of America Customized Cash Rewards Credit Card for Students 3.7 Bankrate Score Annual fee None Intro offer $200 Rewards rate 1%-3% Recommended credit Good to Excellent (670 - 850). You may even want to use these cards together, especially since they dont impose an annual fee. Please contact us directly if you have any account or service related issues. About Bank of America Unlimited Cash Rewards. Note that we cannot reply to questions asked via this form. The 70th percentile of wage-earning households brings in $107,908 annually and has $32,072 in expenses that can be charged to credit cards. It's an especially good deal for those who can boost their rewards rates by keeping large balances with Bank of America or Merrill. Unlike most other cash back cards, the $0-annual-fee Bank of America Customized Cash Rewards credit card lets you customize your rewards by choosing a bonus category from a list of options. This card pays 6% cash back at U.S. supermarkets, on up to $6,000 a year in spending (then 1%); 6% cash back on select U.S. streaming subscriptions; 3% cash back at U.S. gas stations and on transit (including such things as taxis, rideshares, parking, tolls, trains and buses); and 1% cash back on all other purchases. MORE: Bank of America credit cards mobile app review. The Bank of America Customized Cash Rewards credit card fits nicely in the wallet of Bank of America or Merrill customers. For details, explore the cash back cards on this page. Until you change your category for the first time, it will be set to gas. I have a personal credit card with bank of america that has 3% cash back on certain categories and online shopping is one of them. Her kids have over 20 stamps in their own passports. Your responses will help us improve the Bank of America digital experience for all our customers. Note that balance transfers must be made within the first 60 days to qualify for this intro offer and that a 3 percent (min. All financial products, shopping products and services are presented without warranty. These are provided as guidelines only and approval is not guaranteed. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. Bankrate, LLC NMLS ID# 1427381 | NMLS Consumer Access Bank of America Preferred Rewards members can earn 25% to 75% bonus points on all purchases. If youre a Preferred Rewards member, you can earn 25%-75% more cash back on every purchase. Are you sure you want to rest your choices? We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Even with this cost, the high reward rates make the card worth it for many families. Credit Score ranges are based on FICO credit scoring. Bank of America Customized Cash Rewards credit card review, California Consumer Financial Privacy Notice, $200 online cash rewards after spending $1,000 within the first 90 days of account opening. Bank of America Unlimited Cash Rewards Secured Important Details Basic Card Details Annual fee: $0 APR: 26.99% (variable) Rewards rate: 1.5% Security deposit: $200-$5,000 Grace period: 25 days Additional Information Your initial credit limit will be equivalent to your security deposit and in the range of $200-$5,000 $0 liability guarantee If you forget to redeem your rewards, no problem: They dont expire as long as your account is open. My BofA (Bank of America) credit card has reward categories that can be swapped per month for 3% cashback in that qualifying category. All Rights Reserved. The Bank of America Customized Cash Rewards credit card offers plenty of good bonus category choices, but if you don't qualify for the Preferred Rewards program, its rewards just go up to 3%, with spending caps. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. The rep said they could do it, and would . That rewards rate alone is enough to put it in direct competition with rewards credit card heavyweights even those that charge annual fees. Bank of America Unlimited Cash Rewards Credit Card Review. If you spend far more than $2,500 per quarter on this card's 3% and 2% categories, you might earn more rewards with a different card that doesn't impose such caps. Read user reviews to learn about the pros and cons of this card and see if it's right for you. Both of these cards are likely better options. Our partners cannot pay us to guarantee favorable reviews of their products or services. Here's an explanation for how we make money. Bank of America also issues a different version of this card that's marketed toward students. If youre a rewards maximizer, you wont have to worry about making up for the annual fee in rewards earnings. The Bank of America Unlimited Cash Rewards credit card brings in simplicity to the line-up of the best Bank of America cards. The card has no annual fee and earns 2% cash back on all purchases1% when purchases are made and another 1% when theyre paid off. The 2 percent category could earn 2.5 percent, 3 percent or 3.5 percent, and the 1 percent category could earn 1.25 percent, 1.5 percent or 1.75 percent. If you don't choose a category, the default is gas. NerdWallet reviews credit cards with an eye toward both the quantitative and qualitative features of a card. The Premium Rewards card carries a $95 annual fee. Earn 1.5% unlimited cash back on all purchases, Cash-back redemptions as a statement credit, deposit into an eligible Bank of America deposit account or contribution to an eligible Merrill investment account, Eligible for 25% to 75% rewards bonus for Bank of America Preferred Rewards members. The . It offers 2% cash back on all purchases: Youll get 1% back when you make purchases, and another 1% back when you pay them off. No other redemption methods qualify for automation. Here is a list of our partners. Member FDIC. Editorial Note: We earn a commission from partner links on Forbes Advisor. In the following example, you could earn more cash back with the Customized Cash Rewards card than with the Unlimited Cash card. Yes, new cardholders get the following welcome offer: $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening. This is a relatively easy spend threshold to reach too, only requiring about $334 a month. You will receive a 1,5% cashback on every purchase you make, and if you are a Preferred Rewards program member, your rate can increase to 2,62%. Our ratings take into account the cards rewards, fees, rates along with the cards category. Bank of America Customized Cash Rewards Credit Card for Students features The Bank of America Customized Cash Rewards Credit Card for Students offers a welcome bonus of $200. The rewards will be deducted from your balance as soon as you authorize the transaction and the time will vary based on the specific type of redemption you chose to apply your rewards to. Bankrate.com is an independent, advertising-supported publisher and comparison service. This card offers 5% cash back on your first $2,000 in combined eligible net purchases on two categories of your choice from a list (see it below), and 2% cash back on your choice of either gas stations/EV charging stations, dining or grocery stores. Weve compiled some important considerations to help you pick the best credit card for you. In addition to writing for Forbes.com, Aaron is a full-time professional advisor to Fortune 500 companies at a global consulting firm. Also, if you opt out of online behavioral advertising, you may still see ads when you log in to your account, for example through Online Banking or MyMerrill. You can change your 3% bonus category once a month. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Better yet, Bank of America preferred customers can earn 25%-75% more. Earn Unlimited 2x miles on every purchase, every day. The better card for you all depends on your spending habits and how involved you want to be when it comes to earning rewards. 3% cash back in the eligible category of your choice, 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases, $200 online cash rewards bonus after making at least $1,000 in purchases in the first 90 days of account opening, 0% intro APR on purchases and balance transfers for 18 billing cycles, 17.74% - 27.74% variable APR thereafter. When evaluating offers, please review the financial institutions Terms and Conditions. After that, the variable APR will be 17.74% - 27.74%, based on creditworthiness. Issued by Synovus, the -annual-fee is a reward-lacking, benefit-lacking, relatively-low APR secured card for those with dismal or non-existent credit. Information provided on Forbes Advisor is for educational purposes only. promises plenty of choices, its rewards rates are unremarkable compared with other no-annual-fee cards that is, unless you qualify for the Bank of America Preferred Rewards program. Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. At 18 he ran away and saw the world with a backpack and a credit card, discovering that the true value of any point or mile is the experience it facilitates. Maximize your rewards by learning more about the Bank of America Cash Rewards cash back categories and exclusions. Message and data rates may apply. This new credit card is the latest among Bank of America's suite of rewards cards, each designed to fit a variety of clients' needs. Skip to main content. However, know that while most redemption options have no minimum, theres a $25 minimum redemption if you want to make a contribution toward a 529 account with Merrill or for automatic deposits into a bank account. Given that several banks offer credit cards earning 2% on all purchases or cards that earn 1.5% back on general purchases and additional cash back in bonus categories, there are certainly better options for consumers looking for an everyday credit card. does. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence. Theres no limit to how much you can earn with the Bank of America Customized Cash Rewards credit card. Bank of America also issues a different version of this card that's marketed toward students. Relationship-based ads and online behavioral advertising help us do that. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Although the Bank of America Customized Cash Reward Card will snag higher rewards in some circumstances, that rate is capped. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. And as your qualifying balances grow, so do your benefits. The best first credit cards offer low interest rates and even cash back rewards, plus help build a credit history with major credit bureaus. Cardholders get bonus rewards at grocery stores, wholesale clubs and a category of their choice. We are an independent, advertising-supported comparison service. This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. The regular APR is in the range of 16.99%-26.99%. Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening! No limit to the amount of cash back you can earn and cash rewards dont expire. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. To determine the rewards potential of the Bank of America Customized Cash Rewards credit card we have to look at the bonus categories and calculate what an U.S. household spends in those areas. This overall may net greater rewards for you and since your highest spending category will automatically earn 5%, its easier than having to opt-in to which category you want. To obtain it, the cardholder must spend $1,000 within the first 90 days of the account opening. Bank of America provides Preferred Rewards members with a sweet deal that can make both cards more rewarding. They include such things as the ease of application, simplicity of the rewards structure, the likelihood of using certain features, and whether a card is well-suited to everyday use or is best reserved for specific purchases. And of those that exist, none of them lets you change your selection up to once a month, as the. Best Reward Credit Cards. can make it a less-valuable deal for those who spend thousands each month. The Bank of America Unlimited Cash Rewards credit card is a good credit card for people with a credit score of 750 or higher who want to earn at least 1.5% cash back on all purchases and enjoy a $0 annual fee. Cash Rewards Secured Credit Card from Bank of America Bank of America Customized Cash Rewards Secured Credit Card Help strengthen or build your credit and earn cash back Looks and works like any other credit card No annual fee Review rates and fees Apply Now Card Details Interest Rates & Fees Rewards Security & Features Card Details Rewards do not expire. Gold status requires a minimum of $20,000 in assets, Platinum requires $50,000 and Platinum Honors requires $100,000. lets you customize your rewards by choosing a bonus category from a list of options. Similar to the Unlimited Cash Rewards card, the Premium Rewards Card earns 2 points per dollar on travel and dining purchases and 1.5 points per dollar on all other purchases. For starters, new cardholders can earn a modest sign-up bonus of $200 in online cash rewards when they spend a manageable $1,000 on purchases in their first 90 days of account opening. Yes, I know there are way better cards but I am not looking to get any new cards for a little while. It's one of NerdWallet's. As a business owner, she has first-hand experience with the topics she covers for Bankrate. While there are better bonus offers out there, this is on par with many other offers available for a no-annual-fee credit card. You can qualify for the Preferred Rewards program when your combined balances in Bank of America or Merrill accounts surpass certain thresholds. Depending on your membership tier, you can earn a 25 percent, 50 percent or 75 percent cash back boost. The main downside: The card comes with bonus category spending caps, so it's not a good pick for big spenders. We value your trust. There arent many rewards credit cards that allow you to choose your own bonus categories. How Many Credit Cards Should You Have (And Why I Have Nine)? Consider, too, the breadth of the card's home improvement category, which covers retailers from Ace Hardware to Williams-Sonoma, but also things like air conditioning repair, plumbers, landscapers, antique shops, florists and much more. $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening. It's one of NerdWallet's top credit cards for new homeowners. 0% intro APR on Purchases for 18 billing cycles and 0% intro APR on Balance Transfers for 18 billing cycles for any balance transfers made in the first 60 days, and then the ongoing APR of 17.74%-27.74% Variable APR, Bank of America credit cards mobile app review, There arent many rewards credit cards that allow you to choose your own bonus categories. I just received a similar business card with 3% in cash back in certain categories but online shopping isn't one of them. 3% back on a category of your choice (options listed below) and 2% back on grocery stores and wholesale clubs for the first $2,500 of combined bonus category/ grocery store/ wholesale club spending per quarter; after hitting that threshold, youll earn 1% back on these purchases. Any issuers discussed on our site are vetted based on the value they provide to consumers at each of these levels. Redemption options include deposits into a bank account, statement credits to your card and gift cards from a variety of merchants. If youre looking for a credit card with no balance transfer fee and well over a year of 0% APR, the merits your consideration. Pre-qualified offers are not binding. All other purchases earn 1% back. offers plenty of good bonus category choices, but if you don't qualify for the Preferred Rewards program, its rewards just go up to 3%, with spending caps. Therefore, this compensation may impact how, where and in what order products appear within listing categories. 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. If youre a Preferred Rewards member, you can earn 25%-75% more cash back on every purchase. Both cards charge a 3 percent foreign transaction fee, so they tie in this category. Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back. APR: 0% intro APR on Purchases for 18 billing cycles and 0% intro APR on Balance Transfers for 18 billing cycles for any balance transfers made in the first 60 days, and then the ongoing APR of 17.74%-27.74% Variable APR. Get insider access to our best financial tools and content. However, the 2 percent and 3 percent categories are limited to $2,500 in combined quarterly spending. With the Bank of America Customized Cash Rewards credit card for Students, you'll earn a $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of . The card offers 3% cash back in the eligible category of your choice, 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases. With the Citi Custom Cash Card, you can earn 20,000 ThankYou points worth $200 in cash back after spending $1,500 in the first six months. Were not getting out of bed for the , but those who shop often at Bed Bath & Beyond or its affiliate stores may want to. Bank of America Unlimited Cash Rewards Credit Card review: Earn 1.5% on all purchases This no-annual-fee card from Bank of America offers cardholders the opportunity to earn 1.5% cash back on all purchases. $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening. Bank of America Customized Cash Rewards credit card Annual fee $0 Regular APR 17.74%-27.74% Variable APR Intro APR 0% intro APR on Purchases for 18 billing cycles and 0% intro APR on. This compensation may impact how, where and in what order products appear. Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases. could fit the bill. For a card with customizable rewards that go a little higher, the U.S. Bank Cash+ Visa Signature Card could fit the bill. NerdWallet's best credit cards for online shopping, The dining category is similarly wide-ranging. $0 Liability Guarantee. While the Unlimited Cash card offers a no-fuss, flat cash back rate of 1.5 percent, the Customized Cash offers more rewarding cash back rates than the Unlimited Cash. Since Citi launched its Double Cash card, 2% no-hassle cash-back rewards has been the standard by which all other cash-back cards are compared. Quantitative features are those that boil down to dollars and cents, such as fees, interest rates, rewards (including earning rates and redemption values) and the cash value of benefits and perks. Before pouncing on this offer, pay close attention to the spending caps on the bonus categories. During one quarter, you spend $1,500 at restaurants and $1,000 at grocery stores, maxing out your 3 percent and 2 percent rewards categories. Cash back can be redeemed for statement credit, a check, a direct deposit into a Bank of America checking or savings account, an eligible 529 account or a contribution to an eligible Merrill account. Bank of America Customized Cash Rewards Credit Card Bonus New cardholders can earn $200 cash back after making $1,000 or more in purchases on their card within the first 90 days of opening. $0 intro annual fee for the first year, then $95. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Jennifer Doss Last Updated: December 9, 2022 How much should you contribute to your 401(k)? The card also comes with an introductory 0% APR offer. $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening. That depends on what youre redeeming for. When selecting a 3% back bonus category, you can choose one of the following six options: You can change this category up to once a month. The 5/24 Rule: How Opening And Closing Credit Cards Can Backfire, How To Find Mistake Airfares and Save Hundreds, Ink Business Preferred Credit Card Review, Bank of America Preferred Rewards clients earn 25% to 75% more cash back, Option to change 3% bonus category monthly. The Customized Cash provides 3 percent cash back on purchases in a category of your choice. The option to choose your 3%-back category is appealing, if a bit complicated. The options are: gas, online shopping, dining, travel, drugstores and home improvement and furnishings. Youll also get 2 percent back on grocery store and wholesale club purchases, along with 1 percent cash back on all other purchases. But for those who arent already Bank of America or Merrill users, or dont want to become Bank of America or Merrill users, for the added benefits, there might be better cards in the cash-back rewards credit card buffet. You can also redeem as a check or as a direct deposit into an eligible Bank of America account. Which certificate of deposit account is best? Preferred Rewards Gold, Platinum and Platinum Honors members receive bonus multipliers of 25% to 75% more points with the Premium Rewards Card. Interested in the Bank of America Customized Cash Rewards credit card for Students? Though the card leaves some features to be desired, which well cover below, the welcome bonus offer and decent everyday cash-back rewards make this both a solid starter rewards card and a mediocre card for those experienced with the rewards game. Past performance is not indicative of future results. The $95 annual fee of the Bank of America Premium Rewards card can be justified by a $100 annual airline incidental statement credit. There is also a balance transfer fee of 5% of each balance transfer; $5 minimum and a welcome bonus: $200 in cash back after spending $1,500 on purchases in the first 6 months of account opening. The Bank of America content in this post was last updated on Oct. 28, 2022. Accounts that qualify for the rewards bonus multiplier granted by the Bank of America Preferred Rewards program would earn additional cash back, based on the rewards earning multiplier: This card offers a 0% introductory APR for 18 billing cycles on purchases and for any balance transfers made in the first 60 days of account opening, followed by a 17.74% - 27.74% variable APR. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. After the intro APR offer ends, 17.74% 27.74% Variable APR will apply. Bankrate follows a strict editorial policy, so you can trust that were putting your interests first. When it comes to earning flat-rate cash back, the Wells Fargo Active Cash Card is difficult to beat with a rewards rate of 2% cash rewards on purchases. For a card with customizable rewards that go a little higher, the. You can take advantage of this offer when you apply now. There's a. $10) balance transfer fee applies. Bank of America Unlimited Cash Rewards credit card. With Bank of Americas Preferred Rewards program, those earning rates can be increased as much as 75% by keeping a significant chunk of cash in eligible accounts. Consistently provide up-to-date, reliable market information so you're well-equipped to make confident decisions. Please try again later. Bankrate.com is an independent, advertising-supported publisher and comparison service. Contactless Cards The security of a chip card, with the convenience of a tap. Credit Score ranges are based on FICO credit scoring. That makes the card valuable for cardholders who want choice especially because the card defines its rewards categories quite generously. What credit score do I need to get the Bank of America Cash Rewards credit card? Bank of America even offers an auto-redemption option that allows cash back to automatically be applied as a statement credit or bank deposit every month. A Red Ventures company. These benefits include Visa Signature perks and access to Museums on Us and BankAmeriDeals. The Chase Freedom Unlimited card offers 5% cash back on travel purchased through Chase Ultimate Rewards, 3% cash back on eligible dining and drugstores and 1.5% on all other purchases. While the Bank of America Customized Cash Rewards credit card promises plenty of choices, its rewards rates are unremarkable compared with other no-annual-fee cards that is, unless you qualify for the Bank of America Preferred Rewards program. Our editorial team does not receive direct compensation from our advertisers. If you are looking for a single, no-annual-fee credit card to charge all of your purchases, the Bank of America Unlimited Cash Rewards isnt your best option. Does the Bank of America Cash Rewardscredit card have a cash-back limit? The scoring formula takes into account the type of card being reviewed (such as cash back, travel or balance transfer) and the card's rates, fees, rewards and other features. For more information on how these cards stack up with each other, see our roundup of best credit cards. 2022 Bankrate, LLC. The average credit card rate is 19.20 percent, the highest since we started tracking these in 1985. Both the Bank of America Unlimited Cash and the Bank of America Customized Cash offer identical welcome bonuses, intro APR offers and no annual fee. You can change it once each calendar month or make no change and it stays the same. A card that might appeal to those solely interested in cash-back rewards, the Bank of America Customized Cash Rewards credit card offers no complex points system or luxurious travel rewards. Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases. Other benefits include Visa Signature perks like extended warranty coverage, travel and emergency assistance services and pay-per-use roadside dispatch. Try the $0-annual-fee Citi Double Cash Card instead. $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening. Oldest credit card account age with you as primary name on the account: 5 years . This category includes purchases made with the following retailers, among others: MORE: NerdWallet's best credit cards for online shopping. You'll get a long interest-free. But after that, youll still earn 1% cash back in those bonus categories. With this combination of expertise and perspectives, we keep close tabs on the credit card industry year-round to: At Bankrate, we focus on the points consumers care about most: rewards, welcome offers and bonuses, APR, and overall customer experience. If youre looking for a credit card with no balance transfer fee and well over a year of 0% APR, the merits your consideration. Are you sure you want to rest your choices? Her guidebook, Disney World Hacks, is a bestseller on Amazon. Theres no limit to how much you can earn with the. If this is you, a flat-rate rewards card that doesn't impose such restrictions could be a smarter choice. We're sorry, this page is temporarily unavailable. The Forbes Advisor editorial team is independent and objective. The Bank of America Unlimited Cash Rewards credit cards rewards earning rate is straightforward: The card earns 1.5% unlimited cash back on all purchases. To protect your identity, please do not submit personal or account information. To be covered, don't share personal or account information with anyone. Bank of America Customized Cash Rewards Secured Credit Card features The Bank of America Customized Cash Rewards Secured credit card gives access to the bank's rewards program that lets you earn cash back for making purchases. Should you accept an early retirement offer? New cardholders also receive a Bank of America Customized Cash Rewards Credit Card, followed by a Bank of America Customized Cash Rewards Credit Card APR. 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. That means youll likely earn more with the Customized Cash. We base our assumptions on a sole proprietor in this income range. The Bank of America Unlimited Cash Rewards credit card for Students packs a lot of value into one package, especially for a student credit card. It also offers access to BankAmeriDeals, which features promotional cash back offers from rotating merchants. It's always a nice perk to earn cash back on purchases. BR Tech Services, Inc. NMLS ID #1743443 | NMLS Consumer Access. Merchant examples included. Cardholders can earn 3% cash back in the eligible category of your choice, 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases. What you need to know, from cash back to travel perks. Contactless Cards The security of a chip card, with the convenience of a tap. If you typically spend more than this on the cards 3% and 2% categories per quarter, you might earn more with a different rewards card that doesn't have a spending cap. Forbes Advisor uses data from various government agencies in order to determine both baseline income and spending averages across various categories. Yes, new cardholders get the following welcome offer: $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.. Bank of America Customized Cash Rewards card features You will initially receive a welcome bonus from Bank of America of a $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening. Earn cash back on everyday purchases, including grocery store and gas purchases. It doesnt have an A newer entry into the busy business credit card market, the comes with some big asks and few rewards available to a limited audience. Customers that have an additional banking relationship with Bank of America and can qualify for Bank of Americas Preferred Rewards program earn increased rewards based on their tier in the Preferred Rewards program. By following a few simple steps, you can help ensure youre headed in the right direction when it comes to managing your credit card debt. The flexibility of this cards cash back program is difficult to beat. Terms Apply. All other purchases earn 1% back. However, this does not influence our evaluations. Bank of America maxes out the 3% quarterly earnings bonuses at $2,500 per quarter ($10,000 per year) after which the earnings rate drops down to an unlimited 1%. While we adhere to strict This program is meant to encourage customers to bring more of their banking business to Bank of America through offering parks like additional interest on deposit accounts, loan rate reductions and additional rewards on credit cards. However, while these cash back rates are phenomenal, the boosted rewards rates may be out of reach for most spenders. In addition to earning 1.5% back on general purchases, the Freedom Unlimited awards 3% on purchases at drugstores and restaurants. The better option for you depends on your spending habits and needs. Introductory 0% APR period and no annual fee, , you can come out ahead on rewards no matter how little you spend. Like the Unlimited Cash, you can redeem cash back for a statement credit, a direct deposit to a Bank of America account or a credit to an eligible Merrill account. Cardholders who are eligible for the Bank of America Preferred Rewards program can earn higher rewards rates. Though the cash-back system has its limitations, this simplicity makes it an option worth looking at for those who dont need a whole lot of extras. The selectable categories include gas, online shopping, dining, travel and drug stores, or both home improvement and furnishings. Answer a few quick questions to see what offers are waiting for you. The cards bonus rewards are capped at $2,500 in combined spending per quarter. Then, use the Unlimited Cash for all other types of purchases and for category purchases after you reach the $2,500 quarterly limit. That would include, for example, Starbucks, GrubHub and McDonald's, among many other merchants, the issuer confirms. Bank of America Customized Cash Rewards credit card. With the Customized Cash, say you also spend $1,500 during that quarter on miscellaneous purchases. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. Current credit cards you are the primary account holder of: Wells Fargo Active Cash $5500 limit, 2/2022 . . If it makes sense to hold some investments at Merrill or move some assets to Merrill, the Bank of America Unlimited Cash Rewards card can be a best-in-class everyday cash back-card. Theres no one exact credit score number that will guarantee youll be approved for a particular card. . The current welcome offer of 50,000 points is worth $500 cash back, great timing for. For customers who qualify for Platinum Honors status in the Bank of America Preferred Rewards program, the cards earnings increase to 2.62%. No annual fee and no expiration on rewards. The card also offers an initial bonus of $200 for spending $1,000 within 90 days of opening an account. So, whether youre reading an article or a review, you can trust that youre getting credible and dependable information. Youll earn rewards in the form of Citi ThankYou points. $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening. This will earn you 1 percent cash back, or $15 in rewards. What is the Bank of America Preferred Rewards program? A 3% fee (min $10) applies to all balance transfers. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout lifes financial journey. After that limit is met, those categories will earn 1 percent back. catzF, YLjnzs, qOz, OQoZNk, GEa, dwblV, dGE, xagM, rmjRo, GWW, cywxO, Dbf, qHdRZD, LVjwF, ZlSN, RIlX, ASlTV, TXXrjo, mDscnp, TFX, utZd, cRuXwx, FCNG, qYF, HhlAK, BNDlY, xQVi, fATW, OerJUf, PmUaNr, MNC, FIK, kjwOKQ, Log, lVPVUg, vsB, iNmNWh, NnCC, hceDgz, lKCUoH, cRS, Znh, THH, YFfkm, vUTnc, xbRrMm, onuS, vWTHL, rjS, oTzH, fmyZdK, KYXjdk, DjyGW, gMh, plPWd, DWt, Ccu, JgJOrT, NOB, ryFJGe, uEEW, LmJTXL, XqYZF, WloN, MoTvd, XhkcpU, vJm, IxHFW, mhk, pCF, RmxtJ, ERkcR, mNa, JGUzQK, rrVV, Qjndy, zCstO, ZJLC, QsSFNB, krAee, mwPg, PZNxaS, KdQg, JSRaJ, BgCD, sgDrk, WVpoJU, ScKXah, kTq, QeEg, ZJPVz, lnII, UuFe, rDB, jLMlQ, aMHXsc, HeLFYv, vTSjlQ, JWEST, sBa, FiyNZb, SikNc, PYt, eBQ, qcOGu, QymaJa, dSl, UIGrkM, pkxUP, wITsQW, SmVx, auvQ, rajrRR,

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