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Bank of America® Customized Cash Rewards Credit Card for Students
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| Community Rating | Strongly recommended |
| Purchase APR (Variable APR) |
16.99% - 26.99% (Verified 10/14/2022) |
| Balance Transfer APR (Variable APR) |
16.99% - 26.99% (Verified 10/14/2022) |
| Credit Score Range | 600 - 850 |
| Annual Fee | $0 |
| Number of Reviews | 8 |
Bank of America® Customized Cash Rewards Credit Card for Students Review
This is a cashback credit card issued by Bank of America. If you're wondering whether Bank of America® Customized Cash Rewards Credit Card for Students is the right card for you, read on.
Key Takeaways
- Generous reward rate. You can get a maximum cashback rewards rate of up to 3x.
- 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 18 months, which is longer than the average 0% APR period of 12 months.
- 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 18 months.
- Signup bonus. Offers a signup bonus of up to $200 if you spend $1000 within 3 months.
- Competitive APRs. Bank of America® Customized Cash Rewards Credit Card for Students has a variable purchase APR that ranges from 16.99% up to 26.99%.
- No annual fee*. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback on your eligible purchases, but you don't have to pay an annual fee for the privilege.
- 3% Balance transfer fee. Bank of America® Customized Cash Rewards Credit Card for Students charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees. The minimum fee is $10.
- Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 3% every time you make a transaction outside the U.S.
- Accepts cosigners. Bank of America is one of the few credit card issuers that allows applicants to include a cosigner. Adding a cosigner can really improve your approval chances if your credit is not great.
- Fair or better credit required. You will have good approval odds if your credit score is above 600.
Pros & Cons of Bank of America® Customized Cash Rewards Credit Card for Students
| The Good | The Bad |
|---|---|
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Bank of America® Customized Cash Rewards Credit Card for Students FAQ
Does Bank of America® Customized Cash Rewards Credit Card for Students have a cash back or rewards program?
This is a cashback card. This means you earn a percentage of your purchases as cash back rewards. You will receive 1% cash back on travel, dining, groceries, drugstore purchases, or any other purchase. For example, if you buy a $1,000 laptop, you will receive $10 back in cash. However, you can earn up to 3% for purchases in a bonus category.
| Minimum rewards rate | 1x |
| Max rewards rate | 3x |
| Annual rewards limit | N/A |
| Signup Bonus ($) | Starting at $200 |
| Signup Bonus Spend Requirement | $1000 |
| Signup Bonus Spend Period (months) | 3 months |
Does Bank of America® Customized Cash Rewards Credit Card for Students have a signup bonus?
Yes, it offers card users a signup bonus worth up to $200 after spending $1000.
Does Bank of America® Customized Cash Rewards Credit Card for Students offer an annual loyalty bonus?
This card doesn't offer a cash loyalty bonus.What are the Bank of America® Customized Cash Rewards Credit Card for Students benefits?
It provides the following benefits:
- Free Credit Score
- Zero fraud liability
- No blackout dates when redeeming miles
- Reports to major credit bureaus
What are the relevant APRs for Bank of America® Customized Cash Rewards Credit Card for Students?
According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance.Bank of America® Customized Cash Rewards Credit Card for Students has a variable purchase APR that ranges from 16.99% up to 26.99%. The card has a variable balance transfer APR that ranges from 16.99% up to 26.99%. It also has a variable cash advance APR that ranges from 19.99% up to 29.99%. Note that late payments are subject to an APR of 29.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.
Does Bank of America® Customized Cash Rewards Credit Card for Students have an intro APR offer on balance transfers?
Yes, it offers an intro APR rate on balance transfers of 0% for a period of up to 18 months.
| Description | |
|---|---|
| Balance Transfer Introductory APR | 0% |
| Balance Transfer Intro APR Period | 18 months |
| Balance Transfer APR | 16.99% - 26.99% |
| Balance Transfer Fee Minimum | $10 |
| Balance Transfer Fee % | 3% |
Does Bank of America® Customized Cash Rewards Credit Card for Students have an intro APR offer on new purchases?
| Description | |
|---|---|
| Introductory Rate | 0% |
| Purchase Intro APR Period | 18 months |
This card does offer an intro APR rate of 0% on qualified purchases for a period of up to 18 months.
What are the fees for Bank of America® Customized Cash Rewards Credit Card for Students?
The following fees apply:
| Fees | Amount |
|---|---|
| Annual Fee | $0 |
| Foreign Transaction Fee | 3% |
| Late Payment Fee | up to $40 |
This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost cashback card.
Does Bank of America® Customized Cash Rewards Credit Card for Students have a foreign transaction fee?
Bank of America® Customized Cash Rewards Credit Card for Students charges a foreign transaction fee of 3%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $60. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge foreign transaction fees.What is the customer service phone number for Bank of America® Customized Cash Rewards Credit Card for Students?
The Bank of America® Customized Cash Rewards Credit Card for Students customer service number is (800) 932-2775.
What is the support contact email for Bank of America® Customized Cash Rewards Credit Card for Students?
The support contact email for Bank of America® Customized Cash Rewards Credit Card for Students is customerservicealert@bankofamerica.com.
What is the Bank of America® Customized Cash Rewards Credit Card for Students login page?
You can access the Bank of America® Customized Cash Rewards Credit Card for Students login page here.
How do people rate the customer service and user experience of Bank of America® Customized Cash Rewards Credit Card for Students?
Overall, Bank of America® Customized Cash Rewards Credit Card for Students is strongly recommended based on community reviews that rate customer service and user experience.
Does Bank of America® Customized Cash Rewards Credit Card for Students report your account activity to credit bureaus?
Yes, Bank of America® Customized Cash Rewards Credit Card for Students reports your account activity to the following credit reporting agencies:
- Equifax
- Experian
- Transunion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.
How to apply for Bank of America® Customized Cash Rewards Credit Card for Students
- Visit the Bank of America® Customized Cash Rewards Credit Card for Students website.
- Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
- Check the information is accurate and submit your application.
If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.
Contact
- Headquarters
-
100 North Tryon Street
Charlotte, NC 28255 USA - (800) 932-2775
- Visit Site
- Email Support
Other Services by Bank of America
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Washington, DC
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
| Introductory Rate | 0% |
| Purchase Intro APR Period (Variable APR) | 18 months |
Bank of America® Customized Cash Rewards Credit Card for Students Community Reviews
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