What is the best Bank of America credit card with a $200 bonus offer?

The Bank of America Customized Cash Rewards credit card credit score requirement is 750 at a minimum. That means people with excellent credit have a shot at getting approved for this card.

Bank of America Customized Cash Rewards credit card credit score and other requirements:

• Minimum credit score: 750+ (excellent credit).
• Other factors: Annual income, employment status, existing debt, payment history, monthly mortgage or rental payment and more.… read full answer
• Minimum age: 18 years old for U.S. citizens. Must provide proof of independent income to make monthly payments.
• Personal information: Includes name, address and birthdate. Must give a physical address, not a P.O. Box. You will also need one of the following: a Social Security number (SSN), a passport or an Individual Tax Identification Number (ITIN).

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. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status and housing status.

Since all these criteria are taken into consideration, you might be able to get approved with a slightly lower credit score. But it’s best to wait to apply until you meet the Bank of America Customized Cash Rewards credit card credit score requirement. You can check your credit score for free on WalletHub.

Yes, Bank of America does have cash back credit cards. The best Bank of America cash back credit card is the Bank of America® Unlimited Cash Rewards credit card, which gives 1.5% cash back on purchases and has an annual fee of $0. The Bank of America Unlimited Cash Rewards credit card also offers an initial bonus of $200 for spending $1,000 in the first 90 days after opening an account.… read full answer

Bank of America Cash Back Credit Cards

• Initial Bonus: $200 online cash rewards for spending $1,000 in the first 90 days
• Ongoing Rewards: 1.5% cash back on all purchases
• Annual Fee: $0

• Initial Bonus: $200 for spending $1,000 in the first 90 days
• Ongoing Rewards: 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
• Annual Fee: $0

• Initial Bonus: $300 statement credit for spending $3,000 in the first 90 days
• Ongoing Rewards: 3% cash back on your choice of one out of six categories and 2% cash back on dining (for the first $50,000 combined in these 2 categories per year), as well as 1% back on all other purchases
• Annual Fee: $0

• Initial Bonus: $200 for spending $1,000 in the first 90 days
• Ongoing Rewards: 3% cash back in a category of your choice, 2% at grocery stores and wholesale clubs (up to $2,500 spent on these categories combined per quarter), and 1% on all other purchases
• Annual Fee: $0

• Initial Bonus: $200 after spending $1,000 in the first 90 days
• Ongoing Rewards: 1.5% cash back on all purchases
• Annual Fee: $0

• Ongoing Rewards: 1.5% cash back on all purchases
• Minimum Security Deposit: $200
• Annual Fee: $0

Once you earn cash back on a Bank of America credit card, you can redeem it for a statement credit or a deposit into eligible checking or savings accounts.

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

1. Log in to your Bank of America credit card account.… read full answer
2. Select the “Rewards” tab.
3. Choose a redemption option.
4. Select the amount of cash back to redeem.
5. Submit your redemption request.

You can redeem your cash rewards for statement credit, direct deposit to a BofA/Merrill Lynch account, or a personal check. Cardholders must have a minimum of $25 in cash back earned in order to redeem, regardless of redemption method.

Using your Bank of America cash rewards for a statement credit is one of the simplest options. Once you have at least $25 in cash rewards, you can directly apply your rewards as a statement credit and the amount will be subtracted from your current balance.

To redeem your cash rewards for a direct deposit, you must have a Bank of America checking or savings account, or a Cash Management Account at Merrill Lynch. If you choose to redeem your rewards using the personal check option, you should expect to wait at least 14 days for the check to arrive by mail.