Hector Molina, WalletHub Analyst
The Bank of America Customized Cash Rewards credit card minimum payment is $35 or 1% of your balance plus interest and late fees, whichever is more. But if your total balance is less than $35, your Bank of America minimum payment is the entire amount.
The minimum payment is the smallest amount you’re obligated to pay by the due date for your Bank of America Customized Cash Rewards credit card account to be in good standing. Failure to pay by the due date may result in a late fee. Your credit score will also take a hit if you miss multiple minimum payments.
The easiest way to check your Bank of America Customized Cash Rewards credit card minimum payment is online or on your phone or tablet. Download the Bank of America mobile app, log in using your online banking user ID and passcode and view your account balance through the app.
Lastly, as long as you can afford to, you should always pay more than your Bank of America Customized Cash Rewards credit card minimum payment. Carrying any balance between billing periods leads to interest, which continues to build up on a daily basis.
Bank of America® Customized Cash Rewards credit card
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