BofA Customized Cash Rewards Review
The Bank of America Customized Cash Rewards credit card offers cashback rewards. This review delves into the card's cashback structure, annual fees, and how it can help you maximize your cashback earnings.
The Bank of America Customized Cash Rewards credit card, was a popular cashback credit card offering by Bank of America. It was known for its customizable rewards and had several features that made it appealing to a wide range of cardholders. However, please note that credit card terms and features can change over time, so I recommend checking the latest information on the Bank of America website or contacting the bank for the most up-to-date details. Here's a general overview of the Bank of America Customized Cash Rewards credit card:
Key Features of the Bank of America Customized Cash Rewards Credit Card:
Cash Back Rewards: The card allowed cardholders to earn cash back on their purchases. The unique feature was that you could choose the spending category for earning the highest cash back. Categories typically included gas, online shopping, dining, travel, drug stores, or a generic category like "other." You could change your chosen category once per calendar month.
Cash Back Rate: The cash back rates varied, with the highest typically being 3% cash back on purchases in your chosen category. You'd also earn 2% cash back at grocery stores and wholesale clubs and 1% on all other purchases.
Introductory Offers: The card often came with introductory offers, such as 0% APR for a certain period on purchases and balance transfers, which could be attractive for those looking to make large purchases or transfer balances.
No Annual Fee: The Bank of America Customized Cash Rewards card typically did not have an annual fee, making it an affordable option for many cardholders.
Preferred Rewards Program: Bank of America customers who were part of the Preferred Rewards program could earn even more cash back with this card. The cash back bonuses would increase based on your level in the Preferred Rewards program.
Redemption Options: You could redeem your cash back as a statement credit, a deposit into a Bank of America checking or savings account, or have it applied to your Merrill investment account.
Bank of America Benefits: Cardholders could access various Bank of America credit card benefits, including purchase protection, extended warranties, and access to the BankAmeriDeals cashback program.
Foreign Transaction Fees: As of my last knowledge update, the card had foreign transaction fees, so it may not be the best choice for international purchases.
Overall, the Bank of America Customized Cash Rewards credit card provided flexibility and options for maximizing your cash back earnings based on your spending habits. However, the specific terms and features of the card might have changed since my last update. It's essential to review the latest terms and conditions, fees, and rewards program details on the Bank of America website or by contacting the bank directly to determine if this card is a good fit for your financial needs and goals.
A comprehensive analysis of the Bank of America Customized Cash Rewards credit card..
The Bank of America Customized Cash Rewards credit card is a great option for people who want to earn rewards on their everyday purchases in categories that matter most to them. The card offers a number of valuable features and benefits, including:
- 3% cash back in the category of your choice each quarter, on up to $2,500 in combined purchases. You can choose from six categories: gas, online shopping, dining, travel, drugstores, and home improvement and furnishings.
- 2% cash back at grocery stores and wholesale clubs, on up to $2,500 in combined purchases each quarter.
- 1% cash back on all other purchases.
- No annual fee.
- No foreign transaction fees.
- Sign-up bonus: Earn a $200 online cash rewards bonus after making at least $1,000 in purchases within the first 90 days of account opening.
In addition to these features, the Bank of America Customized Cash Rewards credit card also offers a number of other benefits, such as:
- Easy online rewards redemption: Rewards can be redeemed for statement credits, deposits into a Bank of America checking or savings account, or for credit to an eligible account with Merrill.
- No limit on rewards: There is no limit to the amount of cash back you can earn.
- Purchase protection: This benefit covers eligible purchases against damage or theft for up to 120 days from the date of purchase.
- Extended warranty protection: This benefit extends the manufacturer's warranty on eligible purchases for up to one year.
- Travel benefits: These benefits include travel accident insurance, lost luggage reimbursement, and car rental insurance.
Overall, the Bank of America Customized Cash Rewards credit card is a great option for people who want to earn rewards on their everyday purchases in categories that matter most to them. The card offers a number of valuable features and benefits, and it has no annual fee.
Comprehensive analysis of the features and rewards of the Bank of America Customized Cash Rewards credit card:
- Rewards:
- Earn 3% cash back in the category of your choice each quarter, on up to $2,500 in combined purchases.
- Earn 2% cash back at grocery stores and wholesale clubs, on up to $2,500 in combined purchases each quarter.
- Earn 1% cash back on all other purchases.
- No limit on rewards.
- Features:
- No annual fee.
- No foreign transaction fees.
- Sign-up bonus: $200 online cash rewards bonus after making at least $1,000 in purchases within the first 90 days of account opening.
- Easy online rewards redemption.
- Purchase protection.
- Extended warranty protection.
- Travel benefits.
Overall assessment:
The Bank of America Customized Cash Rewards credit card is a great option for people who want to earn rewards on their everyday purchases in categories that matter most to them. The card offers a number of valuable features and benefits, and it has no annual fee.
Recommendation:
I recommend the Bank of America Customized Cash Rewards credit card to people who:
- Want to earn rewards on their everyday purchases in categories that matter most to them.
- Value a card with no annual fee.
- Are looking for a card with a sign-up bonus.
- Appreciate purchase protection, extended warranty protection, and travel benefits.