The MLB™ BankAmericard Cash Rewards™ MasterCard® is a great everyday spending card for baseball fans who spend frequently, but not too heavily, at the gas station and grocery store. However, due to gas and grocery spending caps, it's not a great card for people with moderate to high spending needs.
The Bank of America® Customized Cash Rewards credit card is a solid choice if you spend a lot in at least one of the card's 3% bonus categories and like having the option of switching back and forth, or you spend a lot at grocery stores and wholesale clubs, where you'll get 2% back.
The Bank of America® Customized Cash Rewards credit card credit score requirement is 750 at a minimum. That means applicants for the Bank of America Cash Rewards credit card need excellent credit to be approved. A few people report being approved with lower scores but that's not typical.
Paying Off Your Cards Monthly
Putting it bluntly, if you do not pay off your card in full each month, the rewards aren't worth it. ... If you have an average APR of 15% on your credit card and carry over a balance, you're paying much more in interest than you are earning on your cashback reward.
A: The Bank of America Customized Cash Rewards credit card earns 3% in a cash back category of your choice, 2% cash back at grocery stores and wholesale clubs on up to $2,500 in combined purchases each quarter, and 1% cash back on all other purchases.
Currently, the Bank of America® Customized Cash Rewards Secured credit card offers the highest maximum credit limit, $4,900, although the limit can be as small as $300. The bank may set an initial credit limit based on your income and your ability to pay.
Best credit cards if your FICO score is 600 to 649 overview
| Credit Card | Best For |
|---|---|
| Capital One Platinum Credit Card | Rebuilding credit |
| Secured Mastercard® from Capital One | The lower end of fair credit |
| OpenSky® Secured Visa® Credit Card | Those with little to no credit |
| Discover it® Secured | Cashback rewards AND building credit |
Your Bank of America credit card approval odds are best if you have a credit score of 750 or higher. Most Bank of America credit cards require excellent credit for approval. ... If you're in college, there's a very good chance you'll be approved for one of the Bank of America student cards.
The minimum recommended credit score for the Wells Fargo Visa Signature and Wells Fargo Rewards cards is 750. For the Wells Fargo Cash Wise Visa, Wells Fargo Platinum, and Wells Fargo Propel American Express cards the minimum recommended credit score is 700.
Cash back is flexible and easy to redeem. Points or miles dangle the possibility of a paid-for vacation and, sometimes, a higher reward value per dollar spent. Nowadays, some cards let you redeem rewards for cash or travel at the same value. ... “If you don't want to work at it, cash back is the easy decision.
Credit card companies pay for rewards with revenue from two main sources: you—the consumer—and the merchants who accept their cards. You're likely aware of your contribution. You pay interest whenever you carry a balance on your card and fees whenever your payment is late or you get a cash advance.
Best Rewards Credit Cards
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