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 charge as well.

Whereas having the possibility to decide on your prime rewards class is a plus, there are different causes to think about including this card to your pockets. Actually, the advantages supplied by the Financial institution of America Custom-made Money Rewards bank card is usually a main draw, notably in case you’re a Financial institution of America Most well-liked Rewards member.

Learn on to be taught concerning 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 just isn’t a high-end journey bank card, it does include a spread of Visa Signature advantages that may be helpful for frequent vacationers. Whilst you’ll wish to learn over your card’s phrases and circumstances to search out out which stage of advantages your card comes with, the primary Visa Signature journey advantages that include this card embody the next:

Visa Signature concierge

Visa Signature concierge service makes it doable for cardholders to get assist with eating reservations, tickets for exhibits and occasions and basic journey planning. Cardholders name a hotline to obtain every kind of customized help totally free, and this assist is obtainable 24 hours a day, 7 days per week.

Roadside dispatch

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

Journey and emergency help

Cardholders additionally get entry to a journey and emergency help hotline they will flip to for numerous sorts of assist. For instance, they will 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 shoppers can profit from.

0% intro APR interval

Candidates who’re authorised for the Financial institution of America Custom-made Money Rewards bank card routinely qualify for an introductory annual proportion charge (APR) that applies to purchases and steadiness transfers. Particularly, shoppers get a 0 % intro APR for 15 billing cycles on each purchases and steadiness transfers, though steadiness transfers have to be made within the first 60 days to qualify. Cardholders additionally get an introductory 3 % steadiness switch charge, which rises to 4 % after the primary 60 days. After the introductory supply ends, the variable APR can be between 19.24 % to 29.24 %.

FICO rating totally free

This card additionally presents FICO credit score rating entry totally free, which is up to date month-to-month and out there on-line or throughout the Financial institution of America cell app. Having a free credit score rating may also help cardholders observe 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. Be aware that it’s important to 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 due to its $0 Legal responsibility Assure. It’s also possible to customise fraud alerts inside your on-line account or cell app.

Museums On Us

For over twenty years, Financial institution of America bank cards and debit playing cards have given cardholders free basic admission to 225+ cultural establishments through the first weekend of each month. All it’s important to do is current your Financial institution of America card and a sound picture ID to achieve free entrance.

BankAmeriDeals

BankAmeriDeals is a card-linked, limited-time supply program much like Amex Affords and Chase Affords. Whenever you activate sure promotional presents inside your account, you’ll be able to usually earn about 5 % to fifteen % further money again at choose eating places and different taking part retailers. You gained’t make loads of money again with BankAmeriDeals, however it’ll assist increase what you earn.

Advantages for Financial institution of America Most well-liked Rewards members

Whereas the rewards charge on this card is strong by itself, it’s value noting which you can increase your earnings charge by as a lot as 75 % relying in your standing as a member of the Financial institution of America Most well-liked Rewards program. To qualify as a member, you should 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 every day steadiness of $20,000 or extra throughout eligible Financial institution of America account sorts.

Right here’s how a lot you possibly can increase your money again charge based mostly on the Most well-liked Rewards tier you fall into:

• Most well-liked Rewards Gold: 25 %
• Most well-liked Rewards Platinum: 50 %
• Most well-liked Rewards Platinum Honors: 75 %
• Most well-liked Rewards Diamond: 75 %
• Most well-liked Rewards Diamond Honors: 75 %

As a Most well-liked 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 prime incomes class periodically based mostly in your spending plans. The Financial institution of America Custom-made Money Rewards bank card helps you to change your prime 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. In case you have a journey or on-line buying buy arising, for instance, you’ll be able to change your 3 % again class that month and increase your rewards haul that method.
• Ensure you earn the welcome supply. Ensure you spend at the very least $1,000 on purchases inside 90 days of account opening with the intention to earn $200 in bonus money again. This may require spending at the very least $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 without end. 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 greater variable APR.

The underside line

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

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

In case you’re nonetheless unsure whether or not the Financial institution of America Custom-made Money Rewards bank card is value it, think about evaluating it to different money again rewards bank cards. Doing all of your analysis and evaluating it to different playing cards is the one technique to know for positive.

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