2025.6 Replace: The brand new provide is $200 plus 6% money again within the class of your selection for the primary 12 months. That is 3% extra cashback along with the prevailing 3% cashback fee on class of your selection. The higher restrict is similar $2,500 spending per quarter. Due to this fact, if you’re a Platinum Honors member with +75% bonus, you’ll earn 3%*(1+75%)+3%=8.25% cashback fee! That is one of the best ever provide on this card.
2023.8 Replace: Small enchancment about 3% cashback classes: the gasoline class now consists of EV charging; the net buying class now consists of cable, streaming, web, and cellphone plan. HT: DoC.
Utility Hyperlink
- BoA Personalized Money Rewards common model.
- BoA Personalized Money Rewards for College students. Observe: pupil model has the identical advantages because the common model besides the sign-up bonus. We recommend college students apply for pupil model, non-students apply for non-student model, as advised by their names.
Advantages
- $200 provide: earn $200 after spending $1,000 in first 3 months. Observe which you can solely get this sign-up bonus in case you apply on-line, you gained’t get it if making use of in department. The best provide on this card is $200.
- Earn 3% money again within the class of your selection:
- on-line buying + cable/streaming/web/cellphone plan
- eating
- journey
- gasoline + EV charging
- drug shops
- residence enchancment/furnishings
I like to recommend you to decide on the “on-line buying” class as a result of it covers a really broad vary of purchases (see this official webpage about which retailers depend). 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 well-liked Rewards program: You probably have checking/financial savings/brokerage account in BoA or Merrill Edge, you may earn extra cashback based mostly on the quantity of asset. Earn extra 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 may have certain quantity of deposit in Financial institution of America (BoA) Checking Account. You probably have no credit score historical past, you might want to go to the department to use.
- No annual payment.
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 overseas transaction payment, so it is not a sensible choice outdoors the US.
Really useful Utility Time
- You will get it even with out SSN and with no credit score historical past in any respect! We suggest 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 absolutely up to date but, you might not get declined due to this rule. As an alternative, you might get authorized at first, after which the account will likely be closed due to “authorized in error”.
- [New] 24 month churn rule: This card is not going to be accessible to you in case you at the moment have or have had the cardboard within the previous 24 month interval.
Abstract
The three% cashback on on-line buying is first rate, as a result of the vary could be very broad. The cap of three% cashback is a bit small. Nonetheless, it’s nonetheless price making use of you probably have zero or very restricted credit score historical past. It’s a must to go to a department to use in case you don’t have 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 concerning the bonus for your first bank card. You can change to different bank cards with higher rewards after you have sufficient credit score historical past.
Different Variations
There are a number of different variations of this card. The advantages are equivalent, however BoA deal with them as separate merchandise. Due to this fact if you’re , you may 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 can too improve the three% cashback restrict by holding a number of of those playing cards.
Associated Credit score Playing cards
After Making use of
- Click on right here to examine BoA software standing.
- BoA reconsideration backdoor quantity: 877-383-0120 or 866-811-4108. 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 Presents Chart
Utility Hyperlink
- BoA Personalized Money Rewards common model.
- BoA Personalized Money Rewards for College students. Observe: pupil model has the identical advantages because the common model besides the sign-up bonus. We recommend college students apply for pupil model, non-students apply for non-student model, as advised by their names.
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