Bank of America Customized – How to Apply
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This credit card is perfect for those who want many benefits and enjoy all related advantages.
The Bank of America Customized offers a flexible way to earn cashback on your everyday purchases. With 3% cashback in a category of your choice, 2% at grocery stores, and 1% on all other purchases, it’s designed to fit your spending habits.
Plus, there’s no annual fee and a $200 bonus for new cardholders. Ready to get more out of your purchases? Keep reading to discover all the benefits and details of this card!
Bank of America Customized
Easy cashback Easy applicationHow does the Bank of America Customized work?
The Bank of America Customized is easy to use and puts you in control of how you earn cashback. Each month, you can choose a category—like gas, online shopping, dining, or travel—where you’ll earn 3% cashback. If you don’t pick a new category, it stays the same as the previous month.
You’ll also automatically earn 2% cashback on groceries and wholesale clubs, and 1% on all other purchases. Cashback rewards are tracked automatically, and you can see your progress through the Bank of America online banking platform or mobile app. Rewards don’t expire as long as your account stays open.
There is a $2,500 limit per quarter for the higher 3% and 2% cashback rates in combined purchases. Once you hit that cap, you’ll still earn 1% on everything else.
Main Benefits of the Bank of America Customized
One of the best things about this card is the flexibility it offers. You get to choose the category where you earn 3% cashback. If you’re someone who spends a lot on gas, online shopping, or dining out, you can pick the category that works best for you. It’s not set in stone, so you can change it if your spending habits shift.
Another benefit is the 2% cashback at grocery stores and wholesale clubs. Since most of us spend a good chunk of money on groceries, this is a great way to rack up rewards. Plus, you’ll always get 1% cashback on all other purchases, which adds up over time.
There’s no annual fee, which is a huge plus. A lot of cards charge an annual fee, but with this one, you can keep it year after year without paying extra. Plus, there’s a nice $200 online bonus after you make $1,000 in purchases in the first 90 days.
If you’re a Bank of America customer, you can also take advantage of their Preferred Rewards program, which boosts your cashback even more. Depending on your membership level, you can earn 25% to 75% more cashback on all your purchases.
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Cons of the Bank of America Customized
While the card is useful, it has some downsides. The 3% and 2% cashback rates are only valid for the first $2,500 in combined spending each quarter. If you spend more than that, the rewards drop to 1%, which might not be ideal for higher spenders.
Another limitation is that you can only change your 3% cashback category once a month. If your spending varies often, this might not give you enough flexibility.
The APR after the introductory period is high, ranging from 18.49% to 28.49%. Carrying a balance could lead to expensive interest charges. Also, balance transfers have fees, which could add up if you’re consolidating debt.
APR and Fees
This card has no annual fee, which is a big plus. There’s a 0% introductory APR for the first 15 billing cycles on purchases and balance transfers made in the first 60 days. This can be helpful if you need time to pay off a large purchase or move balances from another card.
After the intro period, the APR ranges from 18.49% to 28.49%, based on your credit score. If you don’t pay your balance in full, the interest charges can get high. Balance transfers have a 3% fee during the first 60 days, and after that, it’s 4%.
Late payments may lead to extra fees and a higher penalty APR, so paying on time is essential.
How to Apply for the Bank of America Customized
Applying for the Bank of America Customized is easy. You can do it online in just a few steps. Start by visiting the Bank of America website, where you’ll find the application. You’ll need to provide basic information like your name, address, Social Security number, and income.
If you’re already a Bank of America customer, you can log into your online account to fill out the application faster.
Once you submit your application, you might get an instant decision, though some applications require a little more time to process. If you’re approved, you’ll get your card in the mail within 7-10 business days. Then, you can activate it and start using it right away.
If you prefer to apply in person, you can visit a Bank of America branch and apply there with the help of a representative.
