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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

+68 Deal Score
334,142 Views
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%. Balance transfers may not be used to pay any account provided by Bank of America.
  • 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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in Credit Cards (2) Bank of America - Bank Advertiser
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Deal
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+68
334,142 Views
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 Aug 2010
L3: Novice
> bubble2 206 Posts
30 Reputation
foff667
02-08-2025 at 11:13 AM.
02-08-2025 at 11:13 AM.
does this deal work if you already have the card? I've had this card for several years.
Reply
Joined Jun 2009
L10: Grand Master
> bubble2 8,197 Posts
414 Reputation
Deal2go
02-09-2025 at 11:25 AM.
02-09-2025 at 11:25 AM.
your hard credit pull is worth way more then $200 plus the regular earning is poor.
1
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Joined Dec 2011
L3: Novice
> bubble2 200 Posts
18 Reputation
kushola
02-09-2025 at 10:56 PM.
02-09-2025 at 10:56 PM.
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.

That's bs
1
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Joined May 2007
L4: Apprentice
> bubble2 1,487 Posts
674 Reputation
Pro
Sam K
02-10-2025 at 10:28 AM.
02-10-2025 at 10:28 AM.
Quote from foff667 :
does this deal work if you already have the card? I've had this card for several years.

Yes, you can get multiple of these cards. Please skim through the comments and you'll find plenty that discuss having more than one of these cards.
Reply
Joined Jun 2019
L2: Beginner
> bubble2 40 Posts
18 Reputation
CoolAlpaca3781
03-14-2025 at 11:47 AM.
03-14-2025 at 11:47 AM.
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...
Edit2: Sorry for not updating. I'm definitely wrong for implying that only checking accounts got rewards. I'm leaving the comment up for context.
You can keep 100K with merrill lynch, taxable or IRA or whatever. This is the best credit card nobody knows about. I have 3 for different categories. Over 5% cash back on pretty much everything I pay with a credit card for.
1
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Joined Jun 2019
L2: Beginner
> bubble2 40 Posts
18 Reputation
CoolAlpaca3781
03-14-2025 at 11:48 AM.
03-14-2025 at 11:48 AM.
Quote from dregan :
Yes, got a few hundred dollars Japanese Yen, the rate wasn't amazing but I picked it up in a branch in a few days to get me situated until I could get more currency when over there.
I did a few years ago. Easy peasy.
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Joined Dec 2023
L4: Apprentice
> bubble2 428 Posts
62 Reputation
SociableKite2218
03-15-2025 at 06:56 AM.
03-15-2025 at 06:56 AM.
Quote from amax :
Thanks, this sounds like great advice. Why did you pick that Blackrock ETF, compared to, e.g., Vanguard?
Merrill works with blackrock or maybe they are blackrock.
Google, "cash management solutions Merrill Edge" and it is either the first or second or third link, but it is the pdf link... it lists a few dozen money market funds of tbills and other gov't bonds, etc... and the funds that did the best last week did the best last year.
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Joined Aug 2005
Cyberpunk
> bubble2 6,756 Posts
1,307 Reputation
amax
03-15-2025 at 10:22 AM.
03-15-2025 at 10:22 AM.
Quote from CoolAlpaca3781 :
You can keep 100K with merrill lynch, taxable or IRA or whatever. This is the best credit card nobody knows about. I have 3 for different categories. Over 5% cash back on pretty much everything I pay with a credit card for.
Another tactic is simply to move all your stocks from another brokerage to ML for free, which counts towards the 100k.
1
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Joined Dec 2022
L1: Learner
> bubble2 23 Posts
10 Reputation
EagerBoundary650
03-16-2025 at 08:18 PM.
03-16-2025 at 08:18 PM.
Any way to use the card right away after approval?
Reply
Joined Jul 2010
L7: Teacher
> bubble2 2,051 Posts
295 Reputation
sam19777
03-22-2025 at 12:50 PM.
03-22-2025 at 12:50 PM.
This is good card for some people but not me. It has a CAP of $2500 spend quarterly which is only $833 per month, same as 5% Citi Custom Cash with a CAP of $500. But you need to manually switch your choice. Even you choose to use for online purchases, it only save you $25 in a quarter (1% on $2500, compared to those 2% unlimited cards). But what you get is cash only not points. I prefer points since it can be transferred to the airlines for better value. You cannot use this card to pay the insurance since this is not considered a "purchase". Some people mentioned to take advantage of that 0% APR benefits. This is not a good choice and it will significantly lower your credit scores. BOA also has the unfriendly CS based on my experience. They will criticize you and ask a lot of questions even you want to cancel a card. Unless you are a keen person and sensitive to which card you should use every time, otherwise those 2% unlimited cards like Citi double cash are a better choice with peace of mind.
1
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Joined Mar 2017
L2: Beginner
> bubble2 26 Posts
10 Reputation
skrall
03-22-2025 at 09:17 PM.
03-22-2025 at 09:17 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...

I have 100K worth of ETFs in a self-directed IRA at Merrill. It sits there just as it would if it were in my Fidelity account, but instead it earns me an extra $1500 a year (3 cards = $7500/ qtr. * .052 reward percent * 4 quarters) forever on top of the regular growth and dividends.
Reply
Last edited by skrall March 22, 2025 at 09:20 PM.
Joined Mar 2017
L2: Beginner
> bubble2 26 Posts
10 Reputation
skrall
03-22-2025 at 09:19 PM.
03-22-2025 at 09:19 PM.
Quote from CoolAlpaca3781 :
You can keep 100K with merrill lynch, taxable or IRA or whatever. This is the best credit card nobody knows about. I have 3 for different categories. Over 5% cash back on pretty much everything I pay with a credit card for.

Same! I just sent pretty much the same reply a few posts down.
Reply
Joined Apr 2006
L10: Grand Master
> bubble2 9,637 Posts
1,049 Reputation
Tnyc
03-23-2025 at 05:53 AM.
03-23-2025 at 05:53 AM.
Quote from sam19777 :
This is good card for some people but not me. It has a CAP of $2500 spend quarterly which is only $833 per month, same as 5% Citi Custom Cash with a CAP of $500. But you need to manually switch your choice. Even you choose to use for online purchases, it only save you $25 in a quarter (1% on $2500, compared to those 2% unlimited cards). But what you get is cash only not points. I prefer points since it can be transferred to the airlines for better value. You cannot use this card to pay the insurance since this is not considered a "purchase". Some people mentioned to take advantage of that 0% APR benefits. This is not a good choice and it will significantly lower your credit scores. BOA also has the unfriendly CS based on my experience. They will criticize you and ask a lot of questions even you want to cancel a card. Unless you are a keen person and sensitive to which card you should use every time, otherwise those 2% unlimited cards like Citi double cash are a better choice with peace of mind.

I agree regarding BoA customer service. I have 9 different cards and my Amex card gets used the most because I trust that if something goes wrong, Amex will be much easier to deal with than other companies. I rarely used my BoA card and it was inactive for 2 years which gave them a good excuse to cancel the card. Didn't miss it at all.
Reply
Joined May 2024
L3: Novice
> bubble2 176 Posts
42 Reputation
Pro
FeistyWing507
03-23-2025 at 11:49 PM.
03-23-2025 at 11:49 PM.
This is everyone must have card to have 5.25% cash back.
but these years BofA customer service is terrible when you have problem to dispute....
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Joined Jan 2008
L8: Grand Teacher
> bubble2 3,406 Posts
129 Reputation
Pro
leiff
04-10-2025 at 08:34 PM.
04-10-2025 at 08:34 PM.
Is this a good card to get for balance transfer? Or is there better card for balance transfer? does it make a difference if I submit balance transfer during the credit card application or if I wait until I get the card?
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