How to Apply for the Bank of America Customized Cash Rewards Credit Card?

The Bank of America Customized Cash Rewards Credit Card is an excellent choice for those seeking a flexible and rewarding cash-back card.

This card allows you to earn cash back in various categories, making it adaptable to your spending habits.

Whether you’re looking to maximize your savings on groceries, gas, or dining out, this card offers a range of benefits tailored to your needs.

In this guide, we’ll walk you through the process of applying for the Bank of America Customized Cash Rewards Credit Card, from understanding its features to completing the application.

Understanding the Benefits of the Bank of America Customized Cash Rewards Credit Card

Before diving into the application process, it’s essential to understand the benefits that this credit card offers.

The Bank of America Customized Cash Rewards Credit Card provides:

• 3% cash back on a category of your choice, including gas, online shopping, dining, travel, drug stores, or home improvement/furnishings.
• 2% cash back at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases).
• 1% cash back on all other purchases.

In addition to the cash-back rewards, cardholders can take advantage of a $200 online cash rewards bonus after making at least $1,000 in purchases in the first 90 days of account opening.

There are no annual fees, and the card comes with a 0% introductory APR for 18 billing cycles for purchases and any balance transfers made in the first 60 days. After that, a variable APR will apply.

Eligibility Requirements

To apply for the Bank of America Customized Cash Rewards Credit Card, you need to meet specific eligibility requirements:

1. Age: You must be at least 18 years old (19 in Alabama and Nebraska, 21 in Puerto Rico).
2. Residency: You need to be a U.S. resident with a valid Social Security number or Individual Taxpayer Identification Number (ITIN).
3. Credit Score: A good to excellent credit score (typically 670 and above) is recommended to increase your chances of approval.
4. Income: You should have a stable income to demonstrate your ability to make payments on the card.

Preparing Your Application

Before starting your application, gather the necessary information to ensure a smooth process:

• Personal Information: This includes your full name, date of birth, Social Security number, and address.
• Employment Information: You’ll need to provide details about your employment status, including your employer’s name, occupation, and annual income.
• Financial Information: Be prepared to disclose your monthly housing payment (rent or mortgage) and any other financial obligations.

Having this information on hand will make the application process more efficient and help avoid delays.

→ CLICK HERE TO REQUEST YOUR CREDIT CARD

How to Apply Online

Applying for the Bank of America Customized Cash Rewards Credit Card online is the most convenient method. Here’s how to do it:

1. Visit the Bank of America Website: Go to the official Bank of America website and navigate to the credit cards section.
2. Select the Customized Cash Rewards Card: Browse through the available credit cards and click on the Bank of America Customized Cash Rewards Credit Card.
3. Click ‘Apply Now’: Once on the card’s page, click the ‘Apply Now’ button to begin the application process.
4. Fill Out the Application Form: You’ll be asked to provide the personal, employment, and financial information mentioned earlier. Make sure to double-check all entries for accuracy.
5. Review Terms and Conditions: Before submitting your application, review the card’s terms and conditions to ensure you understand the interest rates, fees, and rewards structure.
6. Submit Your Application: Once you’ve completed the form and reviewed the terms, click the submit button. You should receive an instant decision in most cases, but sometimes additional review may be required.

Applying by Phone

If you prefer to apply over the phone, you can call Bank of America’s customer service line. A representative will guide you through the application process.

Be sure to have all your personal and financial information ready before making the call. The process typically takes about 10-15 minutes, and you may receive an instant decision.

Applying In-Person at a Bank of America Branch

For those who prefer face-to-face interactions, you can apply for the Bank of America Customized Cash Rewards Credit Card at any Bank of America branch.

A banking representative will assist you in completing the application. This option allows you to ask questions and receive immediate answers.

Don’t forget to bring a government-issued ID, Social Security number, and any necessary financial documentation.

What to Expect After Applying

After submitting your application, the Bank of America will evaluate your creditworthiness based on your credit score, income, and debt-to-income ratio. There are three possible outcomes:

1. Instant Approval: If your application is approved instantly, you will receive your new credit card in the mail within 7-10 business days.
2. Pending: If your application requires further review, it may take a few days to receive a decision. You can check your application status online or by calling Bank of America.
3. Denial: If your application is denied, Bank of America is required to provide a reason. Common reasons for denial include a low credit score, insufficient income, or too many recent credit inquiries. You can request a copy of your credit report to understand the factors that led to the denial.

→ CLICK HERE TO REQUEST YOUR CREDIT CARD

Tips for Improving Your Chances of Approval

To increase your likelihood of approval, consider the following tips:

1. Check Your Credit Score: Before applying, obtain a copy of your credit report and ensure your score meets the recommended range. If your score is low, take steps to improve it by paying down debt and making timely payments.
2. Reduce Your Debt-to-Income Ratio: Lenders prefer applicants with a low debt-to-income ratio. Pay off outstanding debts to improve your chances of approval.
3. Limit Credit Inquiries: Too many recent credit inquiries can negatively impact your credit score. Avoid applying for multiple credit cards within a short period.
4. Consider a Co-Signer: If your credit score or income isn’t strong enough, you may want to consider applying with a co-signer who meets the eligibility requirements.

Managing Your Bank of America Customized Cash Rewards Credit Card

Once you’ve been approved and received your card, it’s important to manage it responsibly:

1. Set Up Online Banking: Enroll in Bank of America’s online banking to monitor your account, track rewards, and make payments conveniently.
2. Pay Your Balance in Full: To avoid interest charges, try to pay your balance in full each month. If you can’t, at least make the minimum payment on time to avoid late fees.
3. Maximize Rewards: Take advantage of the 3% cash back category by selecting one that aligns with your spending habits. Remember to track your quarterly spending to maximize your rewards.

Conclusion

Applying for the Bank of America Customized Cash Rewards Credit Card is a straightforward process, whether you choose to apply online, by phone, or in person.

By understanding the card’s benefits, preparing your application, and following the steps outlined in this guide, you can increase your chances of approval and start enjoying the rewards this card offers.

Manage your account responsibly, and you’ll find that the Bank of America Customized Cash Rewards Credit Card can be a valuable tool in your financial toolkit.

→ CLICK HERE TO REQUEST YOUR CREDIT CARD