Are you someone who loves to do grocery and spent money on other basic categories? Like travel, wholesale, dining, gas, drug store and home improvement. Or you are quite bossy to create your own category to get 3% cash back. Then, the Bank of America® Customized Credit Card will be a great card for you. It offers numerous cash back offers in which making your own category for 3% cash back is above all. I’m sure you will love to customize it according to your wish or need.
What are the features of Bank of America® Customized Card?
This credit card comes under the category of cash back credit cards. It has no annual fee that can save you from paying costly annual charges. At last, you will get 200$ online cash rewards as a welcome bonus for the new cardholders. But before that, you have to spend at least 1,000$ on purchases in the first 3 months of account opening. This credit card has 0$ APR for 15 billing cycles on purchases and transfers. Afterward, the ongoing APR will be 13.99% – 23.99% Variable APR.
Bank of America®’s Customized Credit Card offers a great deal of rewards among other cash back credit cards. It is best for those who spend money humbly on their purchases. Additionally, a fair system of reward system including various options is provided. But the thing most of it’s users liked is it’s “customization”. You can customize your own category by changing it per month. In this regard, you are just a click away from your favorite purchases.
3% cash back is provided on the choice of your category, 2% cash back on grocery purchases on grocery stores. It includes wholesale clubs on the first 2,500$ of combined bonus category per quarter. After approaching that verge, you will get 1% cash back on these purchases. Otherwise, you will earn 1% cash back on all of the other purchases that are great. You can choose your category out of six options which are the following: Gas, online shopping, dining, travel, drugstores, home improvement and furnishings.
How to avail customized category?
You can customize categories by typing your favorable one that can be changed per month. But in case, you do not select any category. The credit card will set gas for 3% cash back according to the default system. The category you selected will remain constant for months until you yourself change it to opt for another category. This is how you can customize your reward categories.
Incentives of this Credit Card
No Annual Fee and Introductory APR
It does not matter how much you spend on this credit card because it still gives you overwhelming rewards. You must be thinking why am I saying this? The answer is it’s 0$ annual fees. This credit card also comes up with 0% APR offer for new cardholders. This introductory 0% APR is for 15 billing cycles on various purchases and transferring balance. But it will be increased after the introductory period to an ongoing APR of 13.99% – 23.99% Variable APR. This provides you a number of opportunities for paying on purchases.
Customization on 3% cash back
Do you know? There are not several credit cards that provide you the opportunity to choose your own category. Especially if there is any, it rarely allows the cardholder to change it monthly. But Bank of America®’s Customized Cash Rewards credit card does provide these amazing opportunities for the cardholders. This reason makes this credit card stands among the unique credit card categories.
You can avail these customization offers within a broad range of categories. You can create your own category too. For example, if you consider the online shopping category. It includes purchasing with some retailers, among others. Those retailers’ category includes Amazon.com, Bestbuy.com, Groupon.com, Target.com, Apple.com, Macys.com and Walmart.com.
Additionally, it offers a wide range of dining categories. The amazing fact is it doesn’t only offer sitting restaurants, but it also includes fast-food restaurants, eating places, bars, lounges, clubs, taverns and other drinking places. The places that cover all these domains include Starbucks, GrubHub and McDonald’s. Plus, this credit card provides great opportunities for new homeowners. As it offers home improvement services including air conditioning repairing, plumbers, landscapers, antique shops, florists, etc.
It is true that this credit card has plenty of choices, but it offers reward rates that are not much significant while compared with other no-annual-fee cards. One thing that might catch your attention is that these incentives will not be beneficial until you are qualified for the Bank of America® Preferred Rewards program. While availing this program you can earn up to 25 to 75% on eligible Bank of America card rewards.
Bank of America Credit Cards’ Limitations
Although this credit card provides a great opportunity for rewards, the quarterly spending caps make it a less valuable choice for those who a decent amount per month. And if you are someone who spends a lot each month then this card might not suit you. You can get $0-annual-fee Citi® Double Cash Card – 18-month BT offers instead. It can be the best choice for you with no cap restrictions.
Why should you get this Credit Card?
If you are someone who knows how to spend on purchases with customized categories. Especially when if you keep a lot of money with Bank of America® or Merrill. Then this credit card is an admirable pick for you. Plus, you can look up other awesome cash back credit cards by visiting our page. Additionally, if you are someone who spends thousands each month and keeps caps in your mind. Then this credit card may not provide value to yourself or it may not provide benefits to you.