The Bank of America Credit Card with Personalized Cash Rewards is ideal for those looking to receive money back, without giving up security and financial control.
Learn in 5 minutes all the benefits and differentials of the Bank of America Credit Card with Personalized Cash Rewards, including personalized cashback, welcome bonuses, fraud protection tools and account management facilities, and more.
Today we will show you the complete analysis of the Bank of America Credit Card with Personalized Cash Rewards, understanding all its features, advantages and fees. So, keep reading to find out if this card suits you.
Card Benefits
1. Cashback (Bank of America Credit Card with Personalized Cash Rewards)
For those who like cash back, Bank of America® card is an excellent option With it you get 3% cashback that can be obtained when you fill up your car or recharge it if your car is electric. In addition to earning points in online purchases, restaurants, travel, pharmacies even in the purchase of furniture.
In addition, the card offers automatic 2% cash back at supermarkets and wholesale clubs. You still have 1% unlimited on all other purchases.
Attention! The 3% and 2% benefit is valid for the first $2,500 in combined purchases per quarter. After that, all purchases earn an unlimited 1%, keeping the rewards always active.
2. $200 Online Cash Rewards Bonus Offer
In addition, at Bank of America®, when you spend at least $1,000 on purchases in the first 90 days after opening the account, you receive a bonus of $200.00.
It is an effective and advantageous way to start using the card, already with a return in your pocket.
3. Earn even more rewards (Bank of America Credit Card with Personalized Cash Rewards)
Customers who use Bank of America Preferred Rewards® receive 25% to 75% more in cash rewards, which means that 3% cashback can turn into up to 5.25%.
The 2% in supermarkets and wholesale clubs can reach up to 3.50%, and the standard cashback of 1% can rise to up to 1.75%, all this in the first $2,500 in qualifying purchases for 3 months.
Interest Rates and Fees
Firstly, it has an introductory APR of 0% for 15 months. Valid for both purchases and balance transfers made within the first 60 days of opening the account.
After this period, the standard rate varies between 18.24% and 28.24%, variably according to your credit profile.
Above all, during the first two months, balance transfers have a reduced fee of 3% per transaction.
After that, all transfers will have a 4% fee. The card is still exempt from annual fees.
Security and Resources (Bank of America Credit Card with Personalized Cash Rewards)
You will now know all the features of the card that make this option one of the safest. It is crucial to know the mechanisms, as they are the ones that will help you not to fall for scams.
1. Stay protected
With the Bank of America® card, you will have it in real time. Whenever an unusual pattern is detected, the bank acts quickly, blocking potential fraud and warning you if there is any suspicious activity.
And if any transaction is not yours, you have a Zero Liability Guarantee, that is you will not pay anything for fraudulent purchases.
2. Non-contact chip technology
You will have access to the contactless chip technology of the Bank of America® card, your everyday purchases become even more convenient. Just bring the card close to the terminal where the Contactless symbol is and that’s it. The payment is made in seconds, safely.
3. Balance Connect ® for overdraft protection (Bank of America Credit Card with Personalized Cash Rewards)
In addition, Balance Connect® has an extra layer of protection for your Bank of America® checking account.
By linking your credit card, the service helps automatically cover overdrafts. Avoiding declined purchases, bounced checks, or inconvenience due to lack of balance.
To have this extra security method, you don’t pay any extra transfer fees for this type of movement.
4. Digital wallet technology
Using the digital wallet, the Bank of America® card adapts to your lifestyle.
Just add it to your mobile device and you’ll be able to make in-store or online purchases using Apple Pay, Google Pay, or Samsung Pay.
In short, it is a fast, practical and secure way to pay, without having to take the card out of your wallet. Ideal for those who have a busy routine and want to have everything controlled in their hands.
5. Online and mobile banking
You can manage your account from wherever you are. Quickly and securely, being able to pay your credit card bill, transfer money, keep track of the available limit and all other resources offered by the bank.
6. Account alerts
Bank of America® will always let you down. You can enable email or text message notifications to remind you of due dates, payments made, balances, and more.
This way, your phone notifies you when something important happens, and you keep your financial organization up to date, without surprises.
7. FICO® Score
You have full access to your FICO® score for free and updated monthly. Just activate the option in the Mobile Banking app or Online Banking and follow its evolution.
This is a valuable tool for those who want to maintain a good score and have everything under control to make financial decisions with more confidence.
If when you do this you notice that your score is too low. We recommend that you follow these credit score improvement tips, which will help you improve your score with small changes that are easy to apply.
Conclusion (Bank of America Credit Card with Personalized Cash Rewards)
Now, you know all the features and benefits of the Bank of America® credit card. Managing to earn cashback while keeping your accounts organized at all times.
Being able to earn from 1% to 5.25% cash back, a $200 welcome bonus and the possibility of increasing your earnings through the Preferred Rewards program. This card becomes one of the best options on the market and without charging an annual fee.