Bank of America Customized Cash Rewards Benefits Guide

Incomes money again out of your rewards bank card is all the time a great factor. With the ability to customise your money again bonus classes from month to month is even higher. The Financial institution of America® Custom-made Money Rewards bank card makes it doable to do exactly that and with no annual price in addition.

Whereas having the prospect to decide on your high rewards class is a plus, there are different causes to think about including this card to your pockets. The truth is, the advantages supplied by the Financial institution of America Custom-made Money Rewards bank card generally is a main draw, significantly if you happen to’re a Financial institution of America Most popular Rewards member.

Learn on to study in regards to the Financial institution of America Custom-made Money Rewards journey advantages and client protections, plus different perks you get only for being a cardholder.

Financial institution of America Custom-made Money Rewards card journey advantages

Whereas the Financial institution of America Custom-made Money Rewards bank card is just not a high-end journey bank card, it does include a variety of Visa Signature advantages that may be helpful for frequent vacationers. Whilst you’ll wish to learn over your card’s phrases and situations to seek out out which stage of advantages your card comes with, the primary Visa Signature journey advantages that include this card embrace the next:

Visa Signature concierge

Visa Signature concierge service makes it doable for cardholders to get assist with eating reservations, tickets for reveals and occasions and normal journey planning. Cardholders name a hotline to obtain every kind of personalised help without spending a dime, and this assist is accessible 24 hours a day, 7 days per week.

Roadside dispatch

Roadside dispatch is accessible by a hotline cardholders can name. This hotline connects drivers with numerous kinds of help, together with a fuel fill-up, flat tire substitute, towing providers and extra. Whereas the roadside dispatch hotline is free, cardholders are required to pay a regular value for any providers acquired.

Journey and emergency help

Cardholders additionally get entry to a journey and emergency help hotline they’ll flip to for numerous sorts of assist. For instance, they’ll name in for medical referrals or authorized referrals when operating into points away from house or for emergency transportation help. Once more, whereas using this hotline is free, cardholders are answerable for paying for any providers they obtain.

Financial institution of America Custom-made Money Rewards card client advantages

Whereas the rewards supplied by the Financial institution of America Custom-made Money Rewards bank card are beneficiant, there are extra perks customers can profit from.

0% intro APR interval

Candidates who’re accepted for the Financial institution of America Custom-made Money Rewards bank card routinely qualify for an introductory annual share fee (APR) that applies to purchases and steadiness transfers. Particularly, customers get a 0 p.c intro APR for 15 billing cycles on each purchases and steadiness transfers, though steadiness transfers should be made within the first 60 days to qualify. Cardholders additionally get an introductory 3 p.c steadiness switch price, which rises to 4 p.c after the primary 60 days. After the introductory supply ends, the variable APR will probably be between 19.24 p.c to 29.24 p.c.

FICO rating without spending a dime

This card additionally presents FICO credit score rating entry without spending a dime, which is up to date month-to-month and accessible on-line or throughout the Financial institution of America cellular app. Having a free credit score rating might help cardholders monitor their credit score progress over time.

Financial institution of America notes that opt-in is required to obtain this perk.

Prolonged guarantee safety

As one other Visa Signature profit, your card could include prolonged guarantee safety. This perk provides as much as one extra 12 months of guarantee safety on gadgets that include a producer’s guarantee of three years or much less. Observe that you must pay for the merchandise together with your Financial institution of America bank card for this protection to use.

$0 legal responsibility safety

Financial institution of America will block fraudsters and notify you of any fraudulent exercise because of its $0 Legal responsibility Assure. You may also customise fraud alerts inside your on-line account or cellular app.

Museums On Us

For over 20 years, Financial institution of America bank cards and debit playing cards have given cardholders free normal admission to 225+ cultural establishments through the first weekend of each month. All you must do is current your Financial institution of America card and a sound picture ID to realize free entrance.

BankAmeriDeals

BankAmeriDeals is a card-linked, limited-time supply program much like Amex Provides and Chase Provides. Whenever you activate sure promotional presents inside your account, you possibly can often earn about 5 p.c to fifteen p.c further money again at choose eating places and different taking part retailers. You gained’t make numerous money again with BankAmeriDeals, however it is going to assist enhance what you earn.

Advantages for Financial institution of America Most popular Rewards members

Whereas the rewards fee on this card is strong by itself, it’s value noting you could enhance your earnings fee by as a lot as 75 p.c relying in your standing as a member of the Financial institution of America Most popular Rewards program. To qualify as a member, you have to personal or co-own an energetic and eligible Financial institution of America, Merrill or Merrill Edge account and maintain a minimal 3-month mixed common day by day steadiness of $20,000 or extra throughout eligible Financial institution of America account sorts.

Right here’s how a lot you can enhance your money again fee based mostly on the Most popular Rewards tier you fall into:

• Most popular Rewards Gold: 25 p.c
• Most popular Rewards Platinum: 50 p.c
• Most popular Rewards Platinum Honors: 75 p.c
• Most popular Rewards Diamond: 75 p.c
• Most popular Rewards Diamond Honors: 75 p.c

As a Most popular Rewards member, you’ll acquire entry to different advantages — together with reductions on funding providers, mortgage origination charges, HELOC and automotive mortgage rates of interest, in addition to no cost for choose banking providers.

Maximizing the Financial institution of America Custom-made Money Rewards card

To get essentially the most out of the Financial institution of America Custom-made Money Rewards bank card, you’ll wish to take the next steps:

• Change your high incomes class periodically based mostly in your spending plans. The Financial institution of America Custom-made Money Rewards bank card permits you to change your high incomes class as soon as every calendar month, and it is smart to take action in case your regular spending patterns fluctuate all year long. When you have a journey or on-line procuring buy arising, for instance, you possibly can change your 3 p.c again class that month and enhance your rewards haul that manner.
• Ensure you earn the welcome supply. Ensure you spend a minimum of $1,000 on purchases inside 90 days of account opening to be able to earn $200 in bonus money again. It will require spending a minimum of $334 over three 30-day durations in a row, which you’ll probably attain by charging your common bills and payments to the cardboard.
• Keep away from paying curiosity. Whereas the Financial institution of America Custom-made Money Rewards card presents an intro APR for purchases and eligible steadiness transfers, keep in mind that this promotion gained’t final endlessly. Ensure you repay the steadiness earlier than the intro APR interval ends, or else you’ll wind up paying off debt at this card’s larger variable APR.

The underside line

The Financial institution of America Custom-made Money Rewards card doesn’t supply the best charges of money again on the market, as there are some rotating class playing cards that supply as a lot as 5 p.c again on choose bonus classes. Nonetheless, getting 3 p.c again in your class of selection (as much as $2,500 in mixed 3 and a pair of p.c class purchases every quarter, then 1 p.c) is a lot better than the 1.5 to 2 p.c again supplied by different flat-rate money again playing cards available on the market — as long as you’re not sometimes spending over $2,500 in 1 / 4.

With no annual price, a good welcome bonus and a beneficiant introductory APR supply along with its respectable money again fee, this Financial institution of America bank card deserves severe consideration for a spot in your pockets — particularly if you happen to’re already a Financial institution of America loyalist.

In the event you’re nonetheless undecided whether or not the Financial institution of America Custom-made Money Rewards bank card is value it, take into account evaluating it to different money again rewards bank cards. Doing all your analysis and evaluating it to different playing cards is the one option to know for positive.

The Financial institution of America® Custom-made Money Rewards bank card info was final up to date on July 8, 2024.