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Bank of America® Customized Cash Rewards Credit Card Expired

$200 Bonus Offer
w/ $1K in eligible purchases
+128 Deal Score
452,207 Views
Update: This popular deal is still available

Bank of America is offering a $200 cash rewards bonus offer after you make at least $1000 in purchases within the first 90 days of account opening with their Bank of America Customized Cash Rewards credit card. There is no annual fee.

Thanks to community member ToMaToSauces for finding this deal.



Slickdeals may be compensated by Bank of America.

Original Post

Written by
Edited September 28, 2021 at 08:36 AM by
Bank of America is offering a $200 cash rewards bonus offer after you make at least $1000 in purchases within the first 90 days of account opening with their Bank of America® Customized Cash Rewards credit card. There is no annual fee.



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Deal
Score
+128
452,207 Views
$200 Bonus Offer
These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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Got rejected, have a 780ish credit score. Maybe too many credit card sign ups recently
From what I could find online regarding BofA these are their restrictions for credit cards:

- You can only get approved for 2 new cards in a 30-day period
- You can only get approved for 3 new cards in a 12-month period
- You can only get approved for 4 new cards in a 24-month period

Apparently it only looks at BofA cards. Where as the Chase 5/24 rule looks at any credit card issued to you, regardless of which company issued it to you.

Edit: Adding the 7/12 and 3/12 rules for BofA higher up to this comment.

"7/12 and 3/12 rule"

"According to this rule, customers with a BofA deposit account will not be approved for new cards if they've opened seven cards (across all issuers) in the last 12 months, while customers without a BoA deposit account will be rejected if they've opened three or more cards in the last 12 months."

Source: https://thepointsguy.com/guide/cr...trictions/
Also rejected - 820 credit score and i have no BoA credit cards (never have). They did hit me with a hard credit check though. :|

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Joined Jan 2008
L8: Grand Teacher
> bubble2 3,502 Posts
137 Reputation
leiff
05-05-2021 at 08:19 PM.
05-05-2021 at 08:19 PM.
I already have the 3% online cash back of this card,but because I shop at Costco alot and the bonus cap combines Costco limit, I would like to get a second 3% online cash back bonus account on a new B of A card. Could I be approved for a second card with the same bonus category?
Reply
Joined Nov 2004
L9:God
> bubble2 1,637 Posts
526 Reputation
supersoul
05-07-2021 at 01:51 PM.
05-07-2021 at 01:51 PM.
can I purchase it right away as soon as I get approved? Do they provide any kind of of numbers or virtual numbers?
Reply
Joined Jul 2010
Expert
> bubble2 4,008 Posts
877 Reputation
mitchflorida
05-08-2021 at 04:22 PM.
05-08-2021 at 04:22 PM.
Quote from supersoul :
can I purchase it right away as soon as I get approved? Do they provide any kind of of numbers or virtual numbers?
They'll probably overnight the card to you on request. BofA no longer has virtual credit card numbers. Citi and Capital One both have that feature.
Reply
Joined Dec 2006
L6: Expert
> bubble2 1,806 Posts
402 Reputation
supa2001
05-08-2021 at 04:33 PM.
05-08-2021 at 04:33 PM.
Quote from leiff :
I already have the 3% online cash back of this card,but because I shop at Costco alot and the bonus cap combines Costco limit, I would like to get a second 3% online cash back bonus account on a new B of A card. Could I be approved for a second card with the same bonus category?
Get a different version, like the breast cancer, WWF, or MLB (1 for each team).
Reply
Joined Aug 2006
L6: Expert
> bubble2 1,444 Posts
128 Reputation
hell
05-09-2021 at 11:05 AM.
05-09-2021 at 11:05 AM.
Quote from Ferakale :
Is this for new customers only? What if you already have the card?
Finding for something same.
Reply
Joined Dec 2018
New User
> bubble2 9 Posts
10 Reputation
xwizkidx
05-09-2021 at 05:43 PM.
05-09-2021 at 05:43 PM.
Quote from WittyHeat365 :
Also rejected - 820 credit score and i have no BoA credit cards (never have). They did hit me with a hard credit check though. :|

Can you try calling their second opinion line? I know chase has one. I has just purchased a car with a 760 score and opened two BOA cards in the same day a month later
Reply
Joined Jul 2015
L6: Expert
> bubble2 1,020 Posts
306 Reputation
TheDirtCheap
05-10-2021 at 04:30 PM.
05-10-2021 at 04:30 PM.
Quote from larrydavid123 :
Got rejected, have a 780ish credit score. Maybe too many credit card sign ups recently

It's not really a good card. You're not missing anything.
2
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Joined Jul 2018
L6: LevelUpper
> bubble2 235 Posts
82 Reputation
WiseAppliance910
05-10-2021 at 08:04 PM.
05-10-2021 at 08:04 PM.
How often can you change the 3% category?
Reply
Joined Feb 2017
L2: Beginner
> bubble2 62 Posts
45 Reputation
veez81
05-10-2021 at 11:33 PM.
05-10-2021 at 11:33 PM.
Quote from WiseAppliance910 :
How often can you change the 3% category?
Start Of Every calendar month
Reply
Joined Apr 2008
L4: Apprentice
> bubble2 452 Posts
28 Reputation
TuffGong
05-12-2021 at 12:35 PM.
05-12-2021 at 12:35 PM.
Quote from 1dash1 :
The Platinum Honors tier gives you 3% cash back PLUS 75% boost on rewards. Together that combines to be 5.25% cash back. This applies to your CATEGORY OF CHOICE, not all purchases. With mixed spending, you'll be lucky to get a combined 3% cash back for all purchases.
You'll need to spend $2,639 per month just to break even for the 0.05% interest rate of the $100K earned in BoA's savings or checking account. You can find other financial institutions paying 1.00%.

If you spend twice that amount per month ($5,258), you'll net 1.5% cash back.

Three times that amount per month ($7,917), and you'll net 2.0% cash back.
Personally, I'd have a hard time spending $7,917 each and every month. Meanwhile, I have credit cards that earn anywhere from 3% to 6% that cover most of my expenditures without needing to tie up so much cash.

You are wise to plan for your new car lease. Most people don't think that far ahead. As to whether this particular credit card suits your needs, I'd need to have a better picture of your spending habits. My guess? You can do better elsewhere.

EDIT:

My guess of doing better elsewhere has to do with the Platinum Honors tier. As far as the the basic Cash Rewards card (without tying up cash in the tier system), I think that most people can find a use for this card.

For myself, one of the biggest "holes" in my cash back/rewards system has been for Online Purchases. The Cash Rewards card helps me plug that hole.
You can be Platinum Honors and have the 100k in a Merrill account, not checking or savings. That's what I do and it is working very well for me.
1
Reply
Joined May 2016
L5: Journeyman
> bubble2 694 Posts
78 Reputation
sunnny45678
05-13-2021 at 01:39 PM.
05-13-2021 at 01:39 PM.
Got approved after 12 days of submitting the application.
Reply
Joined Dec 2019
L4: Apprentice
> bubble2 448 Posts
137 Reputation
Dealsfinder2019
05-15-2021 at 11:13 AM.
05-15-2021 at 11:13 AM.
Quote from ToMaToSauces :
I got one card for my wife and one for myself. $400 free cash... Good luck!
Does that mean you spend a lot in 3 months? To get the $200 you have to spend $1000 which just gave you a 20% discount on your purchases. It's not really free, it require you to buy stuff to get get a discount. Also, BOFA isn't losing on this since they are making it up on the transaction fee and membership fee they charge the vendor you are using. Well, I suppose, there is no point to be technical here. Enjoy that unfounded $200 each of you obtained.
2
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Joined Dec 2019
L4: Apprentice
> bubble2 448 Posts
137 Reputation
Dealsfinder2019
05-15-2021 at 11:16 AM.
05-15-2021 at 11:16 AM.
Does anyone who are familiar with credit cards advise.

If you put a balance with the Balance transfer.
Then to get into the promotion of $200, you spend another $1000 on it.
So when you make payments, which balance gets paid first? The BT or the new transactions?
Reason why I ask is, the BT is 18 months 0%, and which transactions (if not paid / clear each month, they start incurring interest).
1
Reply
Joined Jul 2010
Expert
> bubble2 4,008 Posts
877 Reputation
mitchflorida
05-15-2021 at 06:00 PM.
05-15-2021 at 06:00 PM.
Just make your monthly minimum payments. On the 15th month pay your minimum plus your entire purchase balance to avoid interest. When the balance transfer is due the next month, you will have to pay that off in full. You are wrong about 18 months.
1
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Last edited by mitchflorida May 15, 2021 at 06:04 PM.

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Joined Dec 2019
L4: Apprentice
> bubble2 448 Posts
137 Reputation
Dealsfinder2019
05-15-2021 at 08:58 PM.
05-15-2021 at 08:58 PM.
Quote from mitchflorida :
Just make your monthly minimum payments. On the 15th month pay your minimum plus your entire purchase balance to avoid interest. When the balance transfer is due the next month, you will have to pay that off in full. You are wrong about 18 months.
Opps. You are right. It's 15 months for the BT.
So from what you are saying, all payments made will bring down the current purchases first.
Thanks.
Reply
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