New applicants can request a Bank of America® Customized Cash Rewards credit card balance transfer by selecting “Transfer a balance to my new credit card” under the “Your card options” menu at the bottom of the application. Existing cardholders may also check for balance transfer offers online or by phone at 1 (800) 732-9194. To check online, log in to your account and select “For credit card balance transfers” from the “Transfer/Send” menu. If you’re eligible, you will see your balance transfer offers there.
How to Do a Bank of America® Customized Cash Rewards credit card Balance Transfer
- Fill out an application for the card or check for a balance transfer offer for an existing account.
- Provide the full account number for each creditor you want to transfer a balance from.
- Provide the amount you want to transfer from each creditor.
- Submit the application or balance transfer request.
If the application or request is approved, Bank of America will submit payment(s) to your creditor(s) in the order you provided them, up to your balance transfer limit. Balance transfers typically process in about 2 to 4 business days for existing accounts. For new accounts, it may take up to 14 days, so you should continue to pay your creditor(s) until the balance transfer posts to your account.
You can transfer balances from other credit cards, personal loans, and car loans, among other products. However, you can’t transfer a balance from one Bank of America credit account to another.
Also, be aware that a Bank of America® Customized Cash Rewards credit card balance transfer accumulates interest daily starting on the transaction date, unless you take advantage of an introductory 0% APR offer. Bank of America Cash Rewards credit card currently offers 0% for 15 billing cycles for any balance transfers made in the first 60 days. After that, your APR will be 13.99% - 23.99% Variable, based on your creditworthiness. There’s also a fee of 3% (min $10) on every balance you transfer.
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