Bank of America Customized – How to apply

By Marcos • 01/06/2025

This credit card is perfect for those who want many benefits and enjoy all related advantages.

The Bank of America Personalized Cash Rewards is a flexible and advantageous credit card for consumers looking to maximize their cash back earnings in personalized categories. 

It offers cash back of 1% on all purchases, 2% at supermarkets and wholesale stores and an impressive 3% in certain categories, such as restaurants, travel and online shopping.

This card is ideal for those looking for benefits to suit their lifestyle and with no annual fee. In addition, it includes an attractive welcome bonus and an introductory period of 0% APR on purchases and balance transfers, making it a great option for saving and earning rewards.

Financial management tools and the ability to increase rewards through Bank of America’s Preferred Rewards program, this card is a versatile and affordable option. Finally, customers who participate in the Preferred Rewards program receive even more benefits. Receive up to 75 bonuses in earned cashback. 

This makes Bank of America’s personalized cash rewards an especially attractive option for those who already have a relationship with the bank and want to make the most of their benefits.

How does the Bank of America Customized credit card work? 

The Bank of America Personalized Credit Card is based on a cashback system that allows cardholders to select categories in which they can earn up to 3 “of cashback. It’s a points card Options include gasoline, online shopping, restaurants, travel, pharmacies, building materials stores and much more. 

The categories can be changed monthly to suit your needs.In addition, this card offers cashback of 2% at supermarkets and wholesale clubs and 1% on all other purchases. 

The cash back accumulated through this card offers incredible versatility, allowing cardholders to make the most of their rewards. 

Additionally, these redemption options often come with no minimum thresholds, ensuring that cardholders can access their rewards whenever needed. This flexibility makes the card a valuable companion for managing both everyday expenses and long-term financial goals.

Another benefit is the introductory 0% APR period for 18 billing cycles on purchases and balance transfers, perfect for those wishing to finance a large expense or consolidate existing debts. After the end of the period, a variable interest rate will be applied depending on the cardholder’s creditworthiness.

Main benefits of Bank of America Customized

One of the standout features of this card is the ability to tailor your rewards to suit your lifestyle. Cardholders can select between three cash-back levels to optimize their benefits, ensuring the card aligns perfectly with their spending patterns and personal preferences.

This personalized approach ensures that your card evolves with you, providing a truly adaptable financial tool that prioritizes the user experience.

• Welcome Bonus: After spending US$1,000 in the first 90 days, an attractive bonus of typically around US$200 offers instant incentive.
• No annual fee: This card has no annual fee, allowing the cardholder to save while enjoying the benefits.

Other benefits include access to spending tracking tools and the ability to increase your rewards by up to 75% through the Priority Rewards Program, depending on your average balance in your Bank of America and Merrill accounts.

Cons of Bank of America Customized

• Rewards limits: 3% cash back is capped at $2,500 in total purchases each quarter. After that, you’ll only receive cashback on your purchase.
• Balance transfer fee: Despite the 0% introductory APR period, balance transfers are subject to a 3% balance transfer fee (or $10, whichever is greater).
• US residents only: This card is only available to permanent US residents, so access is limited.

The quarterly limits are highly customizable, but can be a disadvantage for big spenders, so it’s important to consider the cost of balance transfers before using them.

APR and fees

The credit card Bank of America Customized Cash Rewards credit card offers an initial 0% APR on purchases and balance transfers for 18 billing cycles. After this period, the interest rate varies between 18.24% and 8.24% per year, depending on the cardholder’s creditworthiness.

There is no annual fee, but balance transfers are subject to a fee of 3% or US$10, whichever is greater. In addition, this card charges a foreign transaction fee of 3%, which can be a disadvantage for those who travel frequently outside the United States.

How to apply for the Bank of America Customized

To apply for the credit card Bank of America Personal Cash Rewards credit card, interested parties must visit the official Bank of America website and fill out the online application form. 

The process is quick and requires information such as personal details, address, income and financial history. A credit analysis is carried out as part of the approval process. Applicants with a good or excellent credit history are more likely to be approved.

Once approved, your card will be sent to the specified address and can be activated for immediate use. Cardholders can set up their repayment preferences directly on the Bank of America app or website, so they can maximize their benefits right from the start.