Bank of America Customized Cash Student Pros & Cons
The Bank of America Customized Cash Student from Bank of America is one of the most competitive credit cards in the student credit cards category. With a rating of 7/10, it offers no annual fee and impressive rewards including 3% category choice, 2% grocery, 1% else.
In this comprehensive review, we break down everything you need to know about the Bank of America Customized Cash Student: rewards structure, fees, APR, welcome bonus, and how it compares to competitors. Whether you are looking for your first rewards card or adding to your wallet, this guide covers it all.
Bank of America Customized Cash Student Overview
The Bank of America Customized Cash Student is issued by Bank of America and is designed for consumers with Limited/No Credit. It carries a rating of 7/10 from our experts. For those with good to excellent credit, this card can be a valuable addition to your wallet.
| Feature | Details |
|---|---|
| Issuer | Bank of America |
| Annual Fee | $0 |
| Intro APR | N/A |
| Regular APR | 18.24% - 28.24% Variable |
| Rewards | 3% category choice, 2% grocery, 1% else |
| Welcome Bonus | $100 after $500 in first 90 days |
| Credit Score | Limited/No Credit |
| Foreign Tx Fee | 3% |
Rewards & Benefits Breakdown
The Bank of America Customized Cash Student earns 3% category choice, 2% grocery, 1% else. Here is the detailed breakdown of earning rates:
| Category | Reward Rate |
|---|---|
| All Purchases | 3% category choice, 2% grocery, 1% else |
| Welcome Bonus | $100 after $500 in first 90 days |
| Intro APR | N/A |
| Credit Score | Limited/No Credit |
Since this card has no annual fee, you can keep it forever without cost. Use it for travel to maximize value.
Fees & APR Analysis
| Fee Type | Amount |
|---|---|
| Annual Fee | $0 |
| Purchase APR | 18.24% - 28.24% Variable |
| Balance Transfer APR | 18.24% - 28.24% Variable |
| Foreign Transaction Fee | 3% |
Bank of America Customized Cash Student vs Competitors
See how Bank of America Customized Cash Student stacks up against similar cards.
| Card | Fee | Rewards | Bonus | Rating |
|---|---|---|---|---|
| Chase Freedom Student | $0 | 1% unlimited | $50 after first purchase, $20/year go... | 7/10 |
| Discover it Student Cash Back | $0 | 5% rotating categories up to $1,500/quarter | $20 statement credit each year GPA >3.0 | 8/10 |
| Capital One Savor Student | $0 | 3% dining/entertainment, 1% else | N/A | 7/10 |
| Capital One Quicksilver Student | $0 | 1.5% unlimited | N/A | 7/10 |
Pros & Cons
✅ Pros
- Competitive rewards rate: 3% category choice, 2% grocery, 1% else
- Welcome bonus: $100 after $500 in first 90 days
- No annual fee
- Issued by reputable Bank of America
❌ Cons
- Foreign transaction fee of 3%
- Higher than average APR
The Bank of America Customized Cash Student is best for consumers who want a simple, no-fee card with solid rewards. If you have Limited/No Credit credit and spend $1208/month on average, this card could earn you significant value.
How to Apply for Bank of America Customized Cash Student
Applying for the Bank of America Customized Cash Student is straightforward. Here is the step-by-step process:
- 1
Check Your Credit Score
Before applying, check your credit score. You need Limited/No Credit for the best approval odds.
- 2
Compare Your Options
Compare the Bank of America Customized Cash Student with similar cards from other issuers to ensure it is the right fit.
- 3
Gather Required Information
You will need your Social Security number, income information, and address to apply.
- 4
Complete the Online Application
Visit Bank of America.com or the Bank of America mobile app. The application takes about 5-10 minutes.
- 5
Await Approval Decision
Most applicants receive an instant decision. If approved, your card will arrive in 7-10 business days.
Frequently Asked Questions
You need Limited/No Credit credit to be approved for the Bank of America Customized Cash Student. Approval is not guaranteed and depends on your overall credit profile.
Yes, with no annual fee, this card is worth keeping in your wallet indefinitely. Plus, the welcome bonus alone covers the first year's value.
The purchase APR is 18.24% - 28.24% Variable.
Yes, there is a 3% foreign transaction fee.
Rewards can be redeemed through your Bank of America online account. Options typically include statement credits, gift cards, travel bookings, and direct deposits.
Conclusion
The Bank of America Customized Cash Student is a solid choice in the student credit cards category. With no annual fee and competitive rewards, it offers good value for the right consumer.
We recommend this card for anyone with Limited/No Credit credit looking for cash back on their everyday spending. Compare it with other cards in our list to find the best fit for your wallet.
The Bank of America Customized Cash Student earns 3% category choice, 2% grocery, 1% else. With a rating of 7/10, it is one of the better options in the student credit cards space. Recommended for consumers with Limited/No Credit credit.