The Bank of America Customized Cash Rewards Credit Card for Students is designed to give students financial independence while rewarding them for everyday purchases. With a flexible cash-back structure, students can choose their highest-earning category, whether it’s gas, dining, online shopping, or even travel.
This personalized approach allows students to maximize their rewards while learning responsible credit habits. Plus, with no annual fee, this card is a budget-friendly way to start building credit without extra costs.
Beyond rewards, this card comes with excellent benefits like a 0% introductory APR, fraud protection, and access to Bank of America’s top-tier digital banking tools. It’s the ultimate companion for students who want to save money while developing healthy financial habits!
Benefits of the Bank of America Customized Cash Rewards Credit Card for Students
1. Customizable Cash Back Categories
Unlike many credit cards with fixed rewards, this card lets you choose your 3% cash back category, allowing you to maximize earnings on what you spend the most on—whether it’s gas, online shopping, dining, travel, drugstores, or home improvement stores. This flexibility makes it ideal for students whose spending habits may change throughout the year.
2. 2% Cash Back at Grocery Stores and Wholesale Clubs
Enjoy 2% cash back on purchases at grocery stores and wholesale clubs, helping students save on essentials like food, snacks, and household supplies. Since groceries are a major expense for students, this feature ensures that every trip to the supermarket puts money back in your pocket.
3. 1% Cash Back on All Other Purchases
No matter where you shop, you’ll always earn 1% cash back on all other purchases. From textbooks to school supplies, this ensures that every swipe earns you rewards.
4. $200 Online Cash Rewards Bonus
New cardholders can earn a $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days. This welcome offer gives students an exciting boost right from the start, making it easier to save on future expenses.
5. No Annual Fee
One of the best perks of this card is that there’s no annual fee, ensuring you can take full advantage of its rewards without worrying about extra costs. This makes it an excellent choice for students managing a tight budget.
6. 0% Introductory APR on Purchases and Balance Transfers
Enjoy a 0% introductory APR for the first 15 billing cycles on purchases and balance transfers, giving students time to manage large expenses interest-free. This is perfect for making necessary purchases without immediate financial strain.
7. Access to the Bank of America Preferred Rewards Program
As you grow your relationship with Bank of America, you can qualify for the Preferred Rewards program, which offers a 25%-75% boost on your cash back earnings, maximizing your rewards potential.
8. Overdraft Protection for Bank of America Customers
If you have a Bank of America checking account, you can enroll in overdraft protection, helping to avoid declined transactions and overdraft fees by linking your credit card to your checking account.
9. Fraud Protection and Zero Liability
Shop with confidence knowing that your transactions are protected by Bank of America’s advanced fraud monitoring system. Plus, Visa’s Zero Liability Policy ensures you aren’t responsible for unauthorized transactions.
10. Free FICO® Credit Score Monitoring
Students can track their FICO® credit score for free, helping them build and monitor their credit history while developing responsible credit habits.
11. Contactless and Mobile Wallet Compatibility
Easily make fast, secure payments using contactless tap-to-pay technology or by linking your card to Apple Pay, Google Pay, or Samsung Pay for added convenience.
12. Auto Rental Collision Damage Waiver
When you use your card to book a rental car, you can benefit from collision damage waiver protection, saving you money on rental insurance while traveling.
Who Can Apply?
To qualify for the Bank of America Customized Cash Rewards Credit Card for Students, applicants must meet the following criteria:
- Be at least 18 years old (or 21 in some states without a co-signer).
- Be a U.S. citizen or legal resident with a valid Social Security Number.
- Be enrolled in a college, university, or trade school (proof of student status may be required).
- Have a source of income or a co-signer if applying without an income.
- Maintain a fair credit history or be new to credit (this card is designed for students building credit).
How to Apply
- Visit Bank of America’s Website and navigate to the student credit card section.
- Click “Apply Now” and start the online application.
- Enter Personal Information such as your name, date of birth, and Social Security Number.
- Provide Employment & Income Details to confirm financial eligibility.
- Verify Student Status if required.
- Review & Submit the application.
- Receive Approval and get your card mailed to you!
Frequently Asked Questions
Do cash back rewards expire?
No, your cash back never expires as long as your account is open.
Can I apply if I have no credit history?
Yes, this card is designed for students building credit.
Is there a balance transfer option?
Yes, you can transfer balances at the introductory 0% APR rate for the first 15 billing cycles.
How do I track my rewards?
Log in to Bank of America Online Banking or the mobile app.
