[Starts June 1st] Financial institution of America Elevated Cashback Charges For One Yr on Limitless & Custom-made Money Rewards Playing cards + $200

The Provide

Press Launch 

Coming quickly on June 1, 2025, Financial institution of America is providing a particular elevated signup bonus provide cashback charges for one yr on the Custom-made Money Rewards and Limitless Money Rewards playing cards. These gives apply just for these accepted to a brand new card.

• Limitless Money Rewards – Get the usual $200 signup bonus after spending $1,000 inside 90 days. Plus get 2% all over the place limitless for the primary yr. After the primary yr you’ll get the common 1.5% limitless cashback all over the place.
• Custom-made Money Rewards – Get the usual $200 signup bonus after spending $1,000 inside 90 days. Plus, get 6% within the class of your selection (double the common incomes fee), 2% on grocery and wholesale golf equipment, and 1% all over the place limitless for the primary yr. After the primary yr you’ll get the common 3% within the class of your selection, 2% on grocery and wholesale golf equipment, and 1% all over the place.

The three%/6% class and a pair of% class have a mixed restrict of $2,500 every quarter. After that it goes all the way down to 1%. Eligible classes for the three%/6% fee are: fuel and EV charging station, on-line procuring/cable/streaming/web/telephone plan, eating, journey, drug retailer/pharmacy, or residence enchancment/furnishings.

Card Particulars

• No annual payment
• 3% overseas transaction payment
• Rewards don’t expire.
• Money rewards might be redeemed as a press release credit score to your credit score or a deposit to your Financial institution of America checking, financial savings, or Merrill investing account.
• Low Introductory APR Provide of 0% APR to your first 15 billing cycles for purchases, and for any steadiness transfers made inside 60 days of opening your account. After that, a Variable APR that’s at present 13.99% to 23.99% will apply. 3% payment (min $10) applies to steadiness transfers.

Our Verdict

All these signup bonus gives are all the time fascinating, particularly because it retains the common $200 bonus.

An enormous query to me is whether or not the double cashback might be eligible for the 75% enhance for these with Platinum Honors relationship standing. Usually signup bonuses (e.g. $200 bonus) should not topic to the 75% enhance, however I’m undecided the way it works with this kind of proportion enhance. I’ll play out the cashback charges for these with the 75% enhance:

• Limitless Money Rewards:
  • If enhance applies to the bonus – 3.5% all over the place for one yr, then 2.62% all over the place
  • If enhance doesn’t apply to the bonus – 3.12% all over the place for one yr, then 2.62% all over the place
• Custom-made Money Rewards:
  • If enhance applies to the bonus – 10.5% in your chosen class, 3.5% on grocery/wholesale, 1.75% all over the place
  • If enhance doesn’t apply to the bonus – 8.25% in your chosen class, 3.5% on grocery/wholesale, 1.75% all over the place

The three.5%/3.12% fee all over the place for a yr could be very fascinating (although a few of us have the Neatly card with 4% all over the place). The ten.5%/8.25% can also be wonderful, albeit with the $2,500 quarterly limits.

Hat tip to FrostieWaffles