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Bank of America® Customized Cash Rewards Credit Card: Spend $1,000 or more on purchases in the first 90 days of account opening to earn a $200 Cash Rewards Bonus

+57 Deal Score
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Bank of America is offering a $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening with their Bank of America® Customized Cash Reward credit card. No Annual fee.

Card Details:
  • $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
  • Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases.
  • Choose 3% cash back on gas and EV charging station, online shopping/cable/internet/phone plan/streaming, dining, travel, drug store/pharmacy or home improvement/furnishings purchases.
  • If you're a Bank of America Preferred Rewards® member, you can earn 25%-75% more cash back on every purchase. That means you could earn 3.75%-5.25% cash back on purchases in your choice category.
  • No annual fee and cash rewards don’t expire as long as your account remains open.
  • 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 18.24% - 28.24% will apply. A 3% Intro balance transfer fee will apply for the first 60 days your account is open. After the Intro balance transfer fee offer ends, the fee for future balance transfers is 4%.
  • Contactless Cards - The security of a chip card, with the convenience of a tap.
  • This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.


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Bank of America® Customized Cash Rewards Credit Card: Spend $1,000 or more on purchases in the first 90 days of account opening to earn a $200 Cash Rewards Bonus
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Created 08-07-2023 at 11:04 AM by EfficientGame645 | Staff
in Credit Cards (2) Bank of America - Bank Advertiser
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These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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Joined Dec 2022
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> bubble2 63 Posts
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PurpleRoad146
12-05-2023 at 08:26 PM.
12-05-2023 at 08:26 PM.
Quote from Wall-e_o7 :
I don't have a card or account with this bank. What are the requirements to be a preferred member?
You need to let 100k sit in a checking account doing absolutely nothing for 3 months before you're a preferred member, which gives you an extra 2.5% cashback in primary category...

Considering you can put that 100k in treasury bills andget an easy 1k in 3 months, It makes no sense to do this and makes me think all the people who talk about preferred rewards are bots

Edit: The card and the deal itself are fine, but preferred rewards definitely isn't some financial goal to strive for...
7
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Last edited by PurpleRoad146 December 5, 2023 at 08:30 PM.
Joined Nov 2008
L6: Expert
> bubble2 1,170 Posts
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SingularMotives
12-05-2023 at 08:57 PM.
12-05-2023 at 08:57 PM.
Quote from PurpleRoad146 :
You need to let 100k sit in a checking account doing absolutely nothing for 3 months before you're a preferred member, which gives you an extra 2.5% cashback in primary category...

Considering you can put that 100k in treasury bills andget an easy 1k in 3 months, It makes no sense to do this and makes me think all the people who talk about preferred rewards are bots

Edit: The card and the deal itself are fine, but preferred rewards definitely isn't some financial goal to strive for...
The money doesn't have to be in the checking account... Merrill Lynch accounts work as well. That could be a retirement account or investment account. Not only is a ML account the obvious choice to have your money in over a checking account, it bypasses the 3-month requirement. You're able to activate Preferred Rewards after 30 days.
You still do need a checking account along with your ML account to satisfy PR requirements, but it can just have a single dollar in it.

You shouldn't mislead people about a rewards program you're not actually familiar with.

(corrected a typo)
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Last edited by SingularMotives December 5, 2023 at 09:04 PM.
Joined Dec 2022
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> bubble2 63 Posts
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PurpleRoad146
12-06-2023 at 09:15 PM.

Our community has rated this post as helpful. If you agree, why not thank PurpleRoad146

12-06-2023 at 09:15 PM.
Quote from SingularMotives :
The money doesn't have to be in the checking account... Merrill Lynch accounts work as well. That could be a retirement account or investment account. Not only is a ML account the obvious choice to have your money in over a checking account, it bypasses the 3-month requirement. You're able to activate Preferred Rewards after 30 days.
You still do need a checking account along with your ML account to satisfy PR requirements, but it can just have a single dollar in it.

You shouldn't mislead people about a rewards program you're not actually familiar with.

(corrected a typo)
Okay, you're right. I definitely misunderstood. I'm going to try opening merrill account since I already have this credit card... thanks!
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Joined Apr 2008
L3: Novice
> bubble2 296 Posts
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zigenx77
12-09-2023 at 10:41 AM.
12-09-2023 at 10:41 AM.
Quote from LukeT9361 :
I've had this card for a long time, be warned that account support on them are a complete disaster. I still use it often for the cash back, but for anything with a sketchy merchant or any reasonably important purchase, I use a different card. Every dispute I've done with bofa has been denied after 60 - 75 days with no explanation. Once my card was stolen and used a few states away - even that dispute was denied.

Wow SAME! I placed a warranty request for a defective heater, it was denied. My only time after many years of card ownership and banking customer for decades. Thinking of moving banks and looking for new cards.
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Joined Mar 2015
L5: Journeyman
> bubble2 508 Posts
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movelikeaninja
12-10-2023 at 08:23 AM.
12-10-2023 at 08:23 AM.
I did get this card before this post for the cash back and shopping category selections. My experience is: a day or two after I received the card I noticed Lowe's had kitchen cabinets on clearance and I was in the market for them so I used this card to spend the $1000 in 90 days for the $200 bonus which I did receive and also set my category to home improvement so I got even more cash back. However, when I went to make the purchase the card was immediately declined. For some reason spending over $1,000 in a national store where the card was ran was considered fraud. I had to call them and went thru 4 different people to finally get to the right person for the issue and sat on the phone for over an hour standing at the Lowe's register after they were closed. I immediately had a very bad taste in my mouth about the card first time I used it. Then the agent who finally got it unlocked kept babbling on about things after I've already been on for so long so I say, "sorry sir but I really gotta get going" and he replied "LISTEN"… yelling at me and acting like I need to stay on the line to listen to his 10 minute long whatever it was he was saying so I hung up on him. Couldn't believe he did that.
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Last edited by movelikeaninja December 10, 2023 at 08:25 AM.
Joined Apr 2009
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> bubble2 383 Posts
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boohoo
12-12-2023 at 07:15 PM.
12-12-2023 at 07:15 PM.
isnt this card better than costco citi card if you have 100k with BOA?
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Joined Sep 2009
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> bubble2 15,232 Posts
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Knightshade
12-12-2023 at 08:16 PM.
12-12-2023 at 08:16 PM.
Quote from boohoo :
isnt this card better than costco citi card if you have 100k with BOA?
Better at what?

This card with 100k at ML/BOA gets you 5.25% on one category of your choice and 3.5% at grocery/warehouse clubs--- though all that shares a single $2500/qrt cap.

At that point you'd also want other BoA cards like one of the unlimited cards that gets you 2.625% back on non-category spend too... and possibly a business cash card for a second 5.25% category.... you'd also get 3.5% on travel/dining with the premium rewards card... but if you travel significantly you can do better elsewhere on those with cards from Chase/Amex/etc
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Joined May 2009
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xmaylene
12-13-2023 at 03:06 PM.
12-13-2023 at 03:06 PM.
Anyone know how many times I can open this account to get the bonus? I have 2 currently of this Customized Cash account that I got the $200 bonus for already. Wondering if I can open again in the future.

Also, yes, this is also my favorite credit card to use because of the preferred rewards!
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Joined Oct 2019
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> bubble2 167 Posts
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GamerLG
12-16-2023 at 06:05 PM.

Our community has rated this post as helpful. If you agree, why not thank GamerLG

12-16-2023 at 06:05 PM.
Quote from PurpleRoad146 :
This doesn't make sense at all. Let's say I have 100k available to sit in a checking account (I don't).
I can let that money sit in Bank of America to get "preferred awards status", which after three months gives me an additional 2.25% cashback on purchases in a single category (say online stores like amazon) which assumes I know what category a purchase will be applied to (I don't).

OR I can put that 100k in treasury bills that return 5% non-competitively over 13 weeks... who the hell would pick first option???

Edit: I have nothing against this card or this deal, but definitely don't go into this card for preferred rewards...
It doesn't have to be cash. You can have 100K of investment holding at Merrill which is linked to your BoA! I have multiple of this card; 5.25% for dining, online shopping, and travel. Yes, there is a limit of 2500 per quarter, then again, nothing stops you from getting more cards.
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Joined Feb 2009
L6: Expert
> bubble2 1,969 Posts
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yapchagi
12-19-2023 at 10:20 AM.
12-19-2023 at 10:20 AM.
Quote from lesterhung :
Do NOT get ANYTHING related to this bank.
1. You cannot pay online, no way to add it, CS do not know why.
2. They do NOT even provide you a monthly stmt, no paper stmt, no e-stmt. Just NO stmt at all. CS does not know why.
3. Complaints with CFPB just go to a black hole.
totally wrong there. I've been using BOFA credit cards for more than 15 years. Always easy to access payments, statements, and all other info from the website.
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Joined Feb 2009
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> bubble2 1,969 Posts
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yapchagi
12-19-2023 at 10:25 AM.
12-19-2023 at 10:25 AM.
Quote from PurpleRoad146 :
You need to let 100k sit in a checking account doing absolutely nothing for 3 months before you're a preferred member, which gives you an extra 2.5% cashback in primary category...
pretty sure it's a minimum of $20K to get into Gold status. Keep it there for 3 months. With gold status, u get 25% extra cashback on credit cards, and 5% interest rate boost on savings account.
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Joined Aug 2006
L7: Teacher
> bubble2 2,687 Posts
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lesterhung
12-19-2023 at 12:51 PM.
12-19-2023 at 12:51 PM.
Quote from yapchagi :
totally wrong there. I've been using BOFA credit cards for more than 15 years. Always easy to access payments, statements, and all other info from the website.

Good for you.
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Joined Jan 2009
L4: Apprentice
> bubble2 449 Posts
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Racer_X_
12-19-2023 at 08:40 PM.
12-19-2023 at 08:40 PM.
Quote from VladPootin :
Exactly 💯%! 75% boost plus you get to choose a category (online purchases for me). With the rewards alone I pay my phone/Internet bill monthly 🙏

What counts as online purchases, if you don't mind me asking…

Like… Amazon, PayPal? Brick and mortar stores but if you purchase online, like BB, Target, etc.?
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Joined Jan 2009
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Racer_X_
12-19-2023 at 08:41 PM.
12-19-2023 at 08:41 PM.
Quote from yapchagi :
pretty sure it's a minimum of $20K to get into Gold status. Keep it there for 3 months. With gold status, u get 25% extra cashback on credit cards, and 5% interest rate boost on savings account.

20k is Silver level
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Joined May 2014
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> bubble2 245 Posts
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VladPootin
12-19-2023 at 08:42 PM.
12-19-2023 at 08:42 PM.
Quote from Racer_X_ :
What counts as online purchases, if you don't mind me asking…

Like… Amazon, PayPal? Brick and mortar stores but if you purchase online, like BB, Target, etc.?

As long as you buy online. I pay all my bills online with this card. Literally the only card on the market that will give you back that much (assuming you have at least 100k in savings)
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