How much is the Bank of America Cash Rewards initial bonus? This question is about the Bank of America® Customized Cash Rewards credit card

How much is the Bank of America Cash Rewards initial bonus?

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This question is about the Bank of America® Customized Cash Rewards credit card

Cameron DiGiovanni, Writer

@cdigiovanni20 • 02/17/23 This answer was first published on 05/18/21 and it was last updated on 02/17/23.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The Bank of America Customized Cash Rewards credit card initial bonus is $200 for spending $1,000 in the first 90 days of opening an account.

Keep in mind, however, that you will not be eligible for this introductory bonus if you currently have the Bank of America Customized Cash Rewards credit card, regardless of whether you previously received the bonus. You also may not be eligible if you recently earned the bonus.

Other Bank of America Customized Cash Rewards credit card perks:

In addition to initial bonus, the Bank of America Customized Cash Rewards credit card offers 3% cash back in a category of your choice and 2% back at grocery stores and wholesale clubs (up to $2,500 spent quarterly), plus unlimited 1% cash back on all other purchases. Plus, it also comes with an annual fee of $0.

Keep in mind that you need excellent credit to get approved. If you don’t know where you stand, you can check your credit score for free, right here on WalletHub.

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What credit score do you need for the Bank of America Cash Rewards credit card?

You need a credit score of 750+ to get the Bank of America Customized Cash Rewards credit card. That means people with excellent credit have a shot at getting approved for this card.

You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Bank of America Customized Cash Rewards credit card, too.

Bank of America Customized Cash Rewards credit card Approval Requirements

Minimum credit score: 750+ (excellent credit).
Other factors: Annual income, employment...

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How can I redeem my Bank of America cash rewards?

The easiest way you can redeem your Bank of America cash rewards is either online or through the mobile app. Alternatively, you can do it over the phone, by calling customer service at (800) 434-8313.

How to Redeem Your Bank of America Cash Rewards Online

Log in to your Bank of America credit card account.
Select the “Rewards” tab.
Choose a redemption option.
Select the amount of cash back to redeem.
...

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How long does it take to redeem cash rewards from Bank of America?

Redeeming cash rewards from Bank of America takes up to 14 business days, depending on the redemption method. Redeeming cash rewards for a statement credit will take around three business days. If you redeem for a direct deposit to a bank account, it will take up to five business days. If you request a check, it will be mailed within 14 business days.

Cash Rewards from Bank of America is a program in which you earn...

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