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Bank of America Customized – How to apply
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The Bank of America card lets you customize rewards to maximize financial benefits.
The Bank of America card allows you to customize your highest reward categories, making it ideal for anyone looking to maximize their financial benefits.
In addition to the wide acceptance of the card and the services offered by Bank of America, you can choose a category for 3% cashback, while other purchases receive 2% or 1%, depending on the segment.
In this article, we’ll explore the key benefits, costs, and details about how this card works, helping you determine if it’s the right choice for your financial life.
How does the Bank of America-Customized Visa work?
The Bank of America-Customized Visa Cash Rewards Card works with a flexible rewards system that allows users to accumulate cashback on their everyday purchases.
The main feature of the card is the ability to customize the highest reward category, offering 3% cashback in a category of your choice. Options include gas, restaurants, travel, pharmacies, among others.
Additionally, the card offers 2% cashback on purchases made in supermarkets and wholesale clubs, and 1% on all other purchases.
Finally, the category customization process can be done directly on the Bank of America app or website, making the card simple and convenient for consumers.
Main benefits of Bank of America-Customized Visa
One of the biggest attractions of this card is the possibility of choosing the category where you spend the most to get up to 3% cashback.
This flexibility allows the card to adapt to your lifestyle, whether travel, restaurants or fuel, making it a practical and efficient option for those who want to maximize their financial returns.
One of the unique benefits is the card’s ability to act as overdraft protection for Bank of America checking accounts.
This feature can be especially helpful in avoiding insufficient funds fees, providing an extra layer of financial security.
Another highlight of the card is free access to the FICO Score, an essential tool for monitoring your financial health.
After opting for this benefit, cardholders can track their FICO Score monthly through the Bank of America website or mobile app.
And for those who value organization, the card also offers configurable alerts that can be sent via email, text message or mobile app.
It’s an efficient way to stay on top of your finances and ensure that all obligations are met on time.
Finally, the Bank of America Customized has digital wallet technology, integrating seamlessly with Apple Pay, Google Pay and Samsung Pay.
A feature that facilitates fast, secure and contactless payments, whether in physical stores or online.
Another highlight is access to the Preferred Rewards program, exclusive to Bank of America customers. With this program, it is possible to significantly increase the cashback value, reaching a bonus of up to 75%.
One of the points that may be challenging for some users is the quarterly spending limit on subsidized categories.
After reaching $2,500 combined between the 3% and 2% cashback categories, any additional spending will only accumulate 1%.
This can be an inconvenience for consumers who have high spending in specific areas and expect to continue receiving the highest rewards rates.
Another aspect to be considered is the limitation on reward categories. Although the card allows you to choose the category with the highest cashback, it may not fully suit those who prefer a more comprehensive system, which offers consistent benefits on all purchases without the need for adjustments.
APR and Fees
One of the initial benefits is the 0% APR promotional rate for balance transfers, valid for a period ranging between 15 and 18 months.
Applicable interest rates for purchases and balance transfers are generally between 17.99% and 27.99%, depending on the user’s credit profile.
To avoid unnecessary charges, it is recommended to pay the balance in full monthly, ensuring that the rewards accrued are not offset by high interest.
Additionally, the card includes other fees that may impact the user experience, such as a 3% fee for international transactions and late payment charges.
How to apply for the Bank of America-Customized Visa
To begin with, it’s important to check your eligibility, as the card usually requires a good to excellent credit score for approval.
The next step is to access the official Bank of America website. In the section dedicated to credit cards, you will find all detailed information about Bank of America Customized, including benefits, rates and conditions.
By clicking “Apply Now“, you will be redirected to the application form, which requests personal information such as name, address, income and contact details.
After completing and reviewing the form, you can submit it online and, in many cases, receive an instant response regarding approval.
For those who prefer closer service, it is also possible to apply at one of the bank’s physical branches.
