2026.4 Replace: Moreover the $200 plus 6% money again within the class of your selection for the primary yr provide supplied by BoA itself, third occasion web site Rakuten provides an extra $75 cashback. Be aware that for those who select to earn MR on Rakuten you might even see $0 further cashback, you have to select to earn cashback on Rakuten. HT: DoC. [Update] The extra cashback supplied by Rakuten is elevated from $75 to $150.
2025.6 Replace: The brand new provide is $200 plus 6% money again within the class of your selection for the primary yr. That is 3% extra cashback along with the present 3% cashback price on class of your selection. The higher restrict is similar $2,500 spending per quarter. Subsequently, if you’re a Platinum Honors member with +75% bonus, you’ll earn 3%*(1+75%)+3%=8.25% cashback price! That is one of the best ever provide on this card.
2023.8 Replace: Small enchancment about 3% cashback classes: the fuel class now contains EV charging; the web procuring class now contains cable, streaming, web, and cellphone plan. HT: DoC.
Utility Hyperlink
- BoA Customized Cash Rewards regular version via Rakuten. (Click on here to sign up for Rakuten and earn $50)
- BoA Customized Cash Rewards for Students. Be aware: scholar model has the identical advantages because the common model besides the sign-up bonus. We propose college students apply for scholar model, non-students apply for non-student model, as urged by their names.
Advantages
- $200 provide: earn $200 after spending $1,000 in first 3 months. Be aware which you could solely get this sign-up bonus for those who apply on-line, you gained’t get it if making use of in department. The very best provide on this card is $200.
- Earn 3% money again within the class of your selection:
- on-line procuring + cable/streaming/web/cellphone plan
- eating
- journey
- fuel + EV charging
- drug shops
- house enchancment/furnishings
I like to recommend you to decide on the “on-line procuring” class as a result of it covers a really broad vary of purchases (see this official webpage about which retailers rely). And earn 2% money again at grocery shops and wholesale golf equipment (e.g. Sam’s Membership). Earn 1% money again on different purchases.
- BoA Most popular Rewards program: In case you have checking/financial savings/brokerage account in BoA or Merrill Edge, you’ll be able to earn further cashback based mostly on the quantity of asset. Earn further 25% rewards if you’re in Gold tier ($20k or extra in steadiness); 50% if Platinum tier ($50k or extra in steadiness); 75% if Platinum Honors tier ($100k or extra in steadiness).
- No credit score historical past wanted, so long as you will have certain quantity of deposit in Financial institution of America (BoA) Checking Account. In case you have no credit score historical past, you have to go to the department to use.
- No annual price.
Disadvantages
- You’ll solely earn 3% and a couple of% money again on the primary $2,500 in mixed bonus classes every quarter, then earn 1%.
- It has international transaction price, so it is not a sensible choice exterior the US.
Advisable Utility Time
- You may get it even with out SSN and with no credit score historical past in any respect! We advocate you go to the department on this scenario.
- [New] 2/3/4 Rule: BoA will solely approve you for at most: 2 playing cards per rolling 2 months; 3 playing cards per rolling 12 months; and 4 playing cards per rolling 24 months. As a result of their IT system hasn’t been totally up to date but, you might not get declined due to this rule. As a substitute, you might get accredited at first, after which the account might be closed due to “accredited in error”.
- [New] 24 month churn rule: This card won’t be out there to you for those who at present have or have had the cardboard within the previous 24 month interval.
Abstract
The three% cashback on on-line procuring is first rate, as a result of the vary could be very huge. The cap of three% cashback is a bit small. Nonetheless, it’s nonetheless value making use of if in case you have zero or very restricted credit score historical past. You must go to a department to use for those who do not need any credit score historical past, be aware that you’ll not get any sign-up bonus making use of in department, however don’t care in regards to the bonus for your first bank card. You possibly can swap to different bank cards with higher rewards after getting sufficient credit score historical past.
Different Variations
There are a number of different variations of this card. The advantages are similar, however BoA deal with them as separate merchandise. Subsequently if you’re , you’ll be able to apply for all of them so long as BoA 2/3/4 Rule is happy. Why you might wish to get these playing cards? Aside from the enroll bonuses, you may also enhance the three% cashback restrict by holding a number of of those playing cards.
Associated Credit score Playing cards
After Making use of
- Click on here to verify BoA software standing.
- BoA reconsideration backdoor quantity: 800-732-9194. Plainly the quantity is altering. Please inform us without delay if it fails. The representatives right here can get in contact with decision-makers instantly.
Historic Provides Chart
Utility Hyperlink
- BoA Customized Cash Rewards regular version via Rakuten. (Click on here to sign up for Rakuten and earn $50)
- BoA Customized Cash Rewards for Students. Be aware: scholar model has the identical advantages because the common model besides the sign-up bonus. We propose college students apply for scholar model, non-students apply for non-student model, as urged by their names.
