Improved Bank of America Credit Card Offers
Bank of America today announced enhanced cash back rewards offerings for the Customized Cash Rewards and Unlimited Cash Rewards credit cards during their first year.
Available nationwide as of June 1 today, clients who open a Customized Cash Rewards card will earn 6% cash back in the category of their choice (up from 3%) during the first year. Clients who open an Unlimited Cash Rewards card will earn 2% cash back (up from 1.5%) on all purchases during the first year, with no limit to the amount of cash back they can earn.
As an enrolled Bank of America Preferred Rewards member, you can get a 25%-75% rewards bonus on eligible Bank of America® credit cards. That means that for the first year you can earn as much as 8.25% with the Customized Cash Rewards card (quarterly limit applies), and 3.12& on all purchases with the Unlimited Cash Rewards card.
In addition to the enhanced cash back, clients opening a Customized Cash Rewards card or a Unlimited Cash Rewards card will also receive a $200 welcome bonus after spending $1,000 or more on purchases in the first 90 days after the card is opened.
New cardholders can take advantage of the following features:
- Double Cash Back in the First Year: Cardholders earn 6% cash back for the first year from account opening in the category of their choice: gas & EV charging stations; online shopping (including cable, internet, phone plans and streaming); dining; travel; drug stores; home improvement and furnishings, 2% at grocery stores and wholesale clubs, and 1% on all other purchases.  Â
- After the first-year bonus offer ends, cardholders will earn 3% cash back on purchases in their category of choice.
- Cardholders earn 6% and 2% cash back on the first $2,500 in combined purchases each quarter in the choice category, and at grocery stores and wholesale clubs, then earn unlimited 1% thereafter. After the 3% first-year bonus offer ends, cardholders will earn 3% and 2% cash back on these purchases up to the quarterly maximum – and cash rewards don’t expire as long as the account remains open.
- The category of choice can be switched once per month.
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New cardholders can take advantage of the following features:
- Unlimited 2% Cash Back in the First Year: Earn unlimited 2% cash back on all purchases for the first year from account opening.
- After the first-year bonus offer ends, cardholders will earn an unlimited 1.5% on all purchases.
- No limit on cash back earned and no expiration on rewards as long as the account remains open.
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