Bank of America Customized Cash Rewards $200 Bonus

Bank of America : Customized Cash Rewards

Bonus Amount
$200
Account Type
Personal Credit Card
Available In Your Area?
Yes
Offer Expires In
N/A
Bonus Requirements
  1. Apply for a new Bank of America® Customized Cash Rewards Credit Card using the link below.
  2. Within 30 days, spend $1,000 using your new card.
  3. Bonus will be credited to your rewards balance within 8-12 weeks of meeting the requirements.
Other Details
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Annual Fee?
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Bank of America's Customized Cash Rewards Credit Card comes with an introductory bonus of $200 in online cash rewards after spending $1,000 in the first three months of account opening.

This is in addition to the 0% intro APR that you'll enjoy for the first 15 months.

How To Earn The Bonus

The Bank of America Customized Cash Rewards promotion requires you to make purchases using the account's card in order to earn the $200 bonus. Full requirements to receive this bonus are:

  1. Apply for a new Bank of America® Customized Cash Rewards Credit Card using the link below.
  2. Within 30 days, spend $1,000 using your new card.
  3. Bonus will be credited to your rewards balance within 8-12 weeks of meeting the requirements.

The fine print

  • Limit 1 bonus cash rewards offer per new account.
  • This one-time promotion is limited to customers opening a new account in response to this offer and will not apply to requests to convert existing accounts.
  • Your account must be open with active charging privileges in order to receive this offer.
  • Other advertised promotional bonus cash rewards offers can vary from this promotion and may not be substituted.

Why Bank of America?

Bank of America is one of the "big four" banks in the United States, and is headquartered in Charlotte, but operates in more than 35 countries around the world. Merrill Investing also falls under the Bank of America umbrella, and between the two brands, you can find nearly any financial product you'd want: checking and savings accounts, home and auto loans, HSAs, business products, credit cards, CDs, money market accounts, IRAs, and more.

Their online and mobile tools offer a solid digital experience with alerts, mobile check deposits, spending charts, easy card replacement requests, digital wallets and more. Customers also tend to rank their service favorably, with convenient support hours and real humans on the other line.

The trade off to a plethora of banking products, a huge network of physical locations and ATMs, and a well-reviewed digital experience are the same as most of the other big banks: don't expect wow-ing interest rates. Plus, you'll want to be sure to avoid their penalty fees, which are steep and can be harsh. For example, their overdraft fee is $35, and their policy allows them to charge it as often as 4 times each day.

Customized Cash Rewards

The Bank of America® Customized Cash Rewards Credit Card allows you to choose your own 3%-back category – from gas, online shopping, dining, travel, drug stores, or home improvement/furnishings. You can update your choice once per month, or opt to make no change and the category will stay the same (versus other cards that require the opt-in headache each month).

In addition to your 3% choice, you'll also earn 2% at grocery stores and wholesale clubs, and 1% on everything else.

Keep in mind that the 3% and 2% cash back is limited to the first $2,500 in combined purchases, and then these drop down to 1%.

You can redeem cash rewards in various ways, including statement credits, deposits to your Bank of America checking or savings account, or credit to an eligible Merrill account.

Fees

Customized Cash Rewards does not charge an annual fee.