Maria Adams, Credit Cards Moderator
@m_adams
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.
- 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.
Bank of America® Customized Cash Rewards credit card
People also ask
How does the Bank of America Cash Rewards card work?
The Bank of America Customized Cash Rewards credit card gives you 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. The card also offers $200 for spending $1,000 in the first 90 days. The most unique thing about this card is the choice it gives you for your top bonus rewards category.
Bank of America Customized Cash Rewards credit card 3% category options:
- Gas
- Online Shopping
- Dining
- Travel
- Drug Stores
- Home Improvement / Furnishings
Generally, the Bank of America Customized Cash Rewards credit card works like any other unsecured credit card. More specifically, it allows cardholders to borrow money for purchases and...
read full answerHow 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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I currently only have $13.56 and my card is maxed out. How can I get the $25 minimum to transfer?