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The Bank of America Customized Card could be just what you need.
With 3% cash back in a category you pick, 2% on groceries, and 1% on everything else, it’s designed to work around your lifestyle.
Even better, there’s no annual fee, and new cardholders can snag a $200 bonus. Sound good so far? Let’s dive in and see how this card could make your everyday purchases more rewarding.
Bank of America Customized – How to apply
No annual fee—yay! Flexible 3% cash backHow does the Bank of America Customized work?
The Bank of America Customized credit card is pretty straightforward, and it’s all about giving you control over your rewards. When you get the card, you can pick one category where you’ll earn 3% cash back.
Categories like gas, online shopping, dining, or even travel are up for grabs. You’re not stuck with just one choice either – you can switch it up each month depending on where you’re spending the most.
On top of that, you’ll automatically earn 2% cash back at grocery stores and wholesale clubs, which is pretty handy. And the best part? You’ll always earn 1% cash back on everything else.
The cool thing about this card is that you don’t have to do anything extra to track your rewards – they’re all handled automatically, and you can check them on your phone or computer.
Main Benefits of the Bank of America Customized
There are a few things that make the Bank of America Customized card stand out. For one, the ability to choose your 3% category is a huge perk.
If you’re someone who drives a lot, eats out often, or shops online, you can choose the category that gives you the best cash back.
And the great thing is that you can change it every month, so it always works for your spending habits.
Another benefit is the 2% cash back at grocery stores and wholesale clubs.
Since food and everyday necessities can take up a big part of the budget, earning rewards for those purchases adds up quickly And no matter where you shop, you’ll always get 1% on everything else, so there’s no downside.
What makes this card even better is that there’s no annual fee. You don’t have to pay anything just to keep it active.
Plus, there’s a $200 bonus for new cardholders who spend $1,000 in the first 90 days. That’s an easy way to get started and put some cash back in your pocket.
Cons of the Bank of America Customized
As great as the Bank of America Customized card is, there are a few things to keep in mind. For one, there’s a quarterly cap on the 3% and 2% categories.
You can only earn those higher rates on the first $2,500 in combined purchases every quarter.
Once you hit that, the rewards drop to 1%, which may be a bummer for people who spend a lot in those categories.
Also, while you get a 0% introductory APR for the first 15 billing cycles, the APR goes up after that. It ranges from 18.49% to 28.49%, depending on your creditworthiness.
If you’re someone who tends to carry a balance, that could get pretty expensive.
Another thing to be aware of is the balance transfer fee. If you transfer a balance, there’s a 3% fee for transfers made within the first 60 days and a 4% fee after that.
Finally, while you can pick your 3% category, it’s limited to just a few options. If none of the available categories work for your spending habits, it might be harder to maximize your rewards.
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APR and Fees
The Bank of America Customized card gives you a deal upfront with a 0% introductory APR for the first 15 billing cycles on both purchases and balance transfers.
However, once the intro period ends, the APR jumps to a variable rate between 18.49% and 28.49%.
That’s something to keep in mind, especially if you carry a balance from month to month. If you don’t pay off your balance in full, those high-interest rates could add up quickly.
Additionally, balance transfers come with fees: 3% within the first 60 days and 4% after that. So if you plan on transferring a balance, those fees can get pretty expensive.
And, of course, if you’re late on payments, you might face a late fee and possibly a higher penalty APR.
How to apply for the Bank of America Customized
Applying for the Bank of America Customized card is simple. You can do it online by visiting their website, where you’ll find the application form.
You’ll need to provide some basic info, like your name, address, Social Security number, and income details.
If you’re already a Bank of America customer, you can log into your account to speed up the process.
Once you submit the application, you’ll usually get an instant decision, but sometimes it can take a little longer.
If you’re approved, your card should arrive in 7-10 business days, and you can start using it right away.
Once approved, you can start enjoying all the benefits of the card, like the cash back rewards and the $200 bonus.
