Bank of America Unlimited Cash Rewards and Customized Cash Rewards credit cards both provide cardholders with generous cash back rewards. While the Unlimited Card provides a flat rate reward structure, the latter tiers its rewards accordingly. Cardholders may choose between direct deposit to their checking or savings accounts at Bank of America or credit towards their card balance, as well as contributions towards eligible Merrill accounts.
No annual fee
The Bank of America Unlimited Cash credit card is an ideal solution for anyone who’s looking to increase their cash back earnings across all purchases. With no annual fee and offering 1% cash back on all purchases, plus an initial bonus of $200 when spending $1,000 within 90 days of opening your account – plus various ways of redeeming it such as direct deposits into bank checking/saving accounts, credit to an eligible Merrill account or statement credits on card balance – this card can help save you money in interest charges and travel costs!
The Unlimited card stands out with its zero percent APR on balance transfers, offering you the chance to pay off debt or make large purchases without incurring interest payments over an extended period. Please note, though, that this 0% APR won’t last forever; after six months the APR may rise significantly.
This card is intended for those with excellent credit. A minimum FICO score of 670 is recommended to qualify, though applicants with lower scores may also be approved. There is an applicable foreign transaction fee of 3% of each U.S. dollar transaction made; this fee is often included among cash-back cards; nonetheless it should not be an impediment to applying.
Other features of the card include a mobile and online banking app, Visa Signature benefits such as extended warranty coverage and travel and emergency assistance services, account and security alerts and the option to set custom payment reminders. You also gain free access to your FICO score and can take advantage of mobile wallet features.
Which card is better depends on how you like to earn and redeem rewards: Customized has tiered rewards program while Unlimited provides flat cash back rate on eligible purchases; additionally, Customized provides travel and investment redemption options while the Unlimited does not.
No foreign transaction fee
If you’re searching for a cash-back card with no foreign transaction fee, Bank of America Customized Cash Rewards could be ideal. As part of their Visa Signature card offering, this Visa Signature card provides various perks, such as extended warranty coverage and pay-per-use roadside assistance services, in addition to offering generous rewards rates and no annual fee – featuring one of the highest cash back rates in terms of gas, online shopping and transit purchases – making this an attractive choice for people who regularly spend in these categories.
The card provides 2% cash back at grocery stores and wholesale clubs up to $2,500 annually in combined choice category/grocery store/wholesale club purchases, plus 1.5% on other purchases – to qualify, open a Bank of America checking or savings account and maintain an average three-month balance of at least $20,000. In addition, four membership tiers exist that can boost your cash-back earnings significantly – for instance the Gold tier provides 25% bonus earnings while Platinum doubles it by 50%!
Both Unlimited Cash Rewards cards feature travel-related perks. Their rewards calculator allows users to estimate how much cash-back they should expect with every purchase and their automatic spending limits help users keep tabs on expenses. In addition, both cards provide a 0% introductory APR for 15 months – giving cardholders every reason for choosing them!
Both cards offer attractive benefits and rewards rates to people with credit scores above 670, but it is important to carefully compare their benefits before choosing one. Both cards allow you to redeem rewards as direct deposits into your Bank of America account, statement credits or contributions to eligible Merrill accounts including 529 plans – and Preferred Rewards members even benefit from increased reward rates; making these cards especially appealing if you have significant funds sitting in their Bank of America accounts.
No minimum spending requirement
Bank of America Unlimited Cash Rewards and Customized Cash Rewards credit cards both provide unique advantages for cardholders. For instance, the Unlimited Cash card offers unlimited 1.5% cash back on every purchase while Customized Cash Rewards card allows cardholders to select an area where higher rewards rates apply. Bank of America cards offer flexible ways for you to redeem rewards, such as direct deposits into your checking or savings account or crediting eligible Merrill accounts (including 529 accounts ). Which card best meets your needs will depend on how you plan to utilize rewards as well as any extra features like Visa Signature benefits that might appeal.
Both cards offer no annual fee and allow you to earn rewards of your choosing, with the Unlimited Cash card offering an enticing $0 balance transfer rate and no spending cap. In addition to cash back rewards, other benefits of the Unlimited Cash card include no foreign transaction fee and late payment penalty fees, free identity theft protection services and a host of other advantages – making it the ideal card choice for consumers who spend heavily online.
If you’re in search of an easy rewards credit card with no minimum redemption requirement, the Bank of America Unlimited Cash card could be just what you need. Earning 1.5% cash back on all purchases can be redeemed either as statement credit or deposited directly into a Bank of America account – this card is available to anyone with an excellent credit score!
Bank of America Customized Cash Rewards credit card stands out by not charging an annual fee and featuring no 3% cash-back categories and $0 balance transfer fees, in addition to an APR between 17.24% to 25.24% and no annual fee for rewards. A great choice for people needing low interest credit cards that do not charge annual fees!
Both cards offer students attractive cash-back categories of 3% cash back with unlimited rewards, with the Customized Cash rewards card more rewarding for frequent, larger purchases; its higher tier rewards however require at least $20,000 of combined balances in Bank of America deposit or Merrill investment accounts in order to qualify for its Preferred Rewards and Platinum Honors Tiers.
No spending cap
Bank of America Customized Cash Rewards credit card provides a flexible way to earn cash back. You can select which category will earn 3% cash back every quarter and even switch it every month on either mobile banking app or online banking platform.
Customize how much you want to spend in each category and set a spending limit, with any exceedance reducing your bonus rate to 1%. While this feature can be great if you tend to overspend, other cards offer greater bonuses without such restrictions or limits on spending.
Another key advantage of this card is its competitive cash back rate compared to similar cards in its category, offering 1.5% cash back on all purchases — more than 40% higher than the average credit card rate! And as a Preferred Rewards member, your earnings could even increase by as much as 75% — making this card even more valuable!
This card is an ideal option if you want a cashback card without an annual fee and flexible redemption options. With generous 3% categories that can be switched up once every month, and premium rewards such as dining, travel and home improvement/furnishing categories available – this card may just be what you need!
Bank of America Customized Cash Rewards credit offers an attractive rewards card without an annual fee, boasting generous 3% cashback on your choice category and 2% back at grocery stores and wholesale clubs. Plus it comes with an overdraft protection plan and competitive interest rates! However, for big spenders this may not be suitable as bonus rewards are capped at $2,500 in combined spending in any quarter and it does not allow redeeming rewards into gift cards like other cards do.