Good news from Bank of America for customers who pay with card: Mind-blowing

Bank of America has launched an attractive offer for those seeking a credit card with personalized rewards. The Bank of America® Customized Cash Rewards credit card allows users to choose the category in which they want to earn 3% cash back. They do so by adapting to their spending habits.

Bank of America finally confirms it: many want the Customized Cash Rewards card

This credit card offers a flexible rewards system. We're talking about 3% cash back in a category of your choice. For example, on gas, online shopping, dining, travel, drug stores, or home improvement.

Additionally, it offers 2% cash back at grocery stores and wholesale clubs and 1% cash back on all other purchases. These rates apply up to a combined limit of $2,500 in purchases per quarter in the 3% and 2% categories. Once this limit is reached, additional purchases earn 1% cash back.

Welcome bonus and additional perks: Bank of America makes it easy for you

When you apply for the card and spend at least $1,000 on purchases within the first 90 days of account opening, you'll receive a bonus. It's none other than $200 in cash.

You won't have to pay an annual fee for using the card, and you can change the 3% category once a month, adapting it to your needs. If you're a member of the Bank of America Preferred Rewards program, you can earn between 25% and 75% more in rewards, depending on your level in the program.

How to apply? You won't have to waste much time

To apply for the Customized Cash Rewards, you must be at least 18 years old and have a good credit history (a FICO score of 670 or higher is recommended). You can apply online through the Bank of America website, providing basic personal and financial information.

Users highlight the flexibility of choosing cash back categories and the absence of an annual fee as main advantages. Additionally, the possibility of earning a $200 bonus after meeting the initial spending requirement is seen as an attractive incentive. 

However, some point out that the quarterly limit of $2,500 in purchases for the 3% and 2% cash back rates can be a limitation for those who make high expenditures in those categories.