BANK OF AMERICA CASH REWARDS CARD Review (Bank of America Customized Cash Rewards)

The Bank of America Cash Rewards Credit Card is one of the BEST cash back credit cards with no annual fee and lets YOU CHOOSE your own 3% cash back category! Click "Show More" to see Ad Disclosure. 💳👉VIEW CREDIT CARD OFFERS! https://markscreditcards.com/offers 🛍 RAKUTEN - Earn Cash Back! http://markscreditcards.com/rakuten ‼️ GET FREE STOCKS FROM WEBULL when you open an account & deposit $100: http://markscreditcards.com/webull SIGNUP BONUS (as of Jan. 2021) Earn $200 cash back after spending $1K in the first 90 days. Also receive 0% APR for the first 12 months on new purchases. ANNUAL FEE = $0 EARN CASH BACK - 3% Choice Category* (Choose from: Travel, Dining, Gas, Online Shopping, Drug Stores, and Home Improvement / Furnishings) - 2% Grocery Stores* - 2% Wholesale Clubs* - 1% Everything Else *On the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter. 3% CHOICE CATEGORY: HOW TO CHOOSE - Use your online Bank of America account or the Bank of America mobile app - Default selection = Gas - You can change the category once per calendar month - If you don’t make a change, it will remain the same each month 3% CHOICE CATEGORY: WHAT COUNTS? Check out this link for the details: https://www.bankofamerica.com/credit-cards/products/cash-back-credit-card/cash-back-category-choices/ BANK OF AMERICA PREFERRED REWARDS PROGRAM This link provides the details: https://www.bankofamerica.com/preferred-rewards/ REDEEM CASH BACK - Statement Credit - Deposit to BoA Checking / Savings account - Credit to eligible account with Merrill ^^ These 3 options have no minimum redemption requirement - Redemptions for a contribution to a qualifying 529 account with Merrill or for a check start at $25. You may set up automatic redemptions into an eligible Bank of America, Merrill account. Automatic redemptions start at $25. Statement credits, checks and contributions into a qualifying 529 account are not eligible for automatic redemption enrollment. BANKAMERIDEALS Earn additional cash back rewards at select merchants. INSURANCE & PROTECTIONS - Extended warranty protection - Travel accident insurance - Car rental insurance NOTE: This list may not be accurate or complete. GOOD TO KNOW - Foreign Transaction Fee = 3% - You can qualify for the Preferred Rewards program with deposit accounts (e.g., checking account and/or savings account). Investment accounts with Merrill Lynch also qualify. - Bank of America has other credit cards with 3% choice categories. You can apply for all of them and choose a different choice category on each 😎 - Having a banking relationship with BoA may help you get approved for their credit cards OTHER BANK OF AMERICA CREDIT CARDS WITH 3% CHOICE CATEGORIES - Bank of America Cash Rewards Secured Credit Card - Bank of America Cash Rewards Credit Card - Susan G. Komen Cash Rewards Visa - MLB credit card - World Wildlife Fund credit card - U.S. Pride credit card SHOULD YOU GET IT? YES if you… - Like cash back rewards - Want a credit card with no annual fee - Spend a lot in any of the 3% categories - Have deposit accounts with Bank of America - Have investment accounts with Merrill Lynch NO if you… - Prefer travel rewards, especially those with transfer partners like Chase Ultimate Rewards, American Express Membership Rewards, Citi ThankYou points, and Capital One Venture Miles. OTHER CASH BACK CREDIT CARDS TO CONSIDER… - Chase Freedom Flex - Chase Freedom Unlimited - Amex Blue Cash Everyday - Citi Double Cash credit card - US Bank Altitude Go card - US Bank Cash Plus Card - Wells Fargo Propel Card - Apple Card - Discover it Cash Back Credit Card - Discover it Secured Credit Card (best credit card for beginners with no credit history) Disclosure: This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor. #creditcards #creditcardsforbeginners #creditcards101