Key takeaways
- The Financial institution of America® Personalized Money Rewards bank card presents a good money again charge, in addition to the flexibility to pick out and alter your top-earning bonus class every month.
- Members of the Financial institution of America Most well-liked Rewards program can earn extra money again on prime of the cardboard’s customary rewards.
- Nonetheless, quarterly spending caps and a decrease welcome bonus imply this card is probably not your best option for all customers.
Incomes money again out of your rewards bank card is all the time a great factor. With the ability to customise your money again bonus classes from month to month is even higher. Financial institution of America® Personalized Money Rewards bank card makes it potential to just do that, and with no annual price besides.
Whereas having the possibility to decide on your prime rewards class is a plus, there are different causes to think about including this card to your pockets. Actually, the advantages provided by the Financial institution of America Personalized Money Rewards card could be a main attraction, notably should you’re a Financial institution of America Most well-liked Rewards member.
Learn on to study in regards to the Financial institution of America Personalized Money Rewards journey advantages and shopper protections, plus different perks you get only for being a cardholder.
Financial institution of America Personalized Money Rewards card journey advantages
Whereas the Financial institution of America Personalized Money Rewards bank card will not be a high-end journey bank card, it does include a spread of Visa Signature advantages that may be helpful for frequent vacationers. When you’ll need to learn over your card’s phrases and situations to search out out which stage of advantages your card comes with, the primary Visa Signature journey advantages that include this card embody the next:
Visa Signature concierge
Visa Signature concierge service makes it potential for cardholders to get assist with eating reservations, tickets for reveals and occasions and normal journey planning. Cardholders name a hotline to obtain all types of personalised help without spending a dime, and this assist is accessible 24 hours a day, seven days every week.
Roadside dispatch
Roadside dispatch is accessible by means of a hotline that cardholders can name. This hotline connects drivers with numerous sorts of help, together with a gasoline fill-up, flat tire substitute, towing companies and extra. Whereas the roadside dispatch hotline is free, cardholders are required to pay a typical value for any companies acquired.
Journey and emergency help
Cardholders additionally get entry to a journey and emergency help hotline they’ll flip to for numerous sorts of assist. For instance, they’ll name in for medical referrals or authorized referrals when operating into points away from residence or for emergency transportation help. Once more, whereas using this hotline is free, cardholders are chargeable for paying for any companies they obtain.
Financial institution of America Personalized Money Rewards card shopper advantages
Whereas the rewards provided by the Financial institution of America Personalized Money Rewards bank card are beneficiant, there are further perks customers can profit from.
Intro APR interval
Candidates who’re accredited for the Financial institution of America Personalized Money Rewards bank card mechanically qualify for an introductory annual share charge (APR) that applies to purchases and steadiness transfers.
Particularly, customers get a 0 p.c intro APR for 15 billing cycles on each purchases and steadiness transfers, though steadiness transfers should be made within the first 60 days to qualify. Cardholders additionally get an introductory 3 p.c steadiness switch price, which rises to 4 p.c after the primary 60 days. After the introductory provide ends, there may be an 18.24% – 28.24% Variable APR on purchases and steadiness transfers.
FICO rating without spending a dime
This card additionally presents FICO credit score rating entry without spending a dime, which is up to date month-to-month and obtainable on-line or throughout the Financial institution of America cellular app. Having a free credit score rating may also help cardholders observe their credit score progress over time.
Prolonged guarantee safety
As one other Visa Signature profit, your card might include prolonged guarantee safety. This perk provides as much as one further yr of guarantee safety on gadgets that include a producer’s guarantee of three years or much less. Word that it’s important to pay for the merchandise along with your Financial institution of America bank card for this protection to use.
$0 legal responsibility safety
Financial institution of America will block fraudsters and notify you of any fraudulent exercise, due to its $0 Legal responsibility Assure. You too can customise fraud alerts inside your on-line account or cellular app.
Museums On Us
For over twenty years, Financial institution of America bank cards and debit playing cards have given cardholders free normal admission to over 225 cultural establishments throughout the first weekend of each month. All it’s important to do is current your Financial institution of America card and a sound picture ID to realize free entrance.
BankAmeriDeals
BankAmeriDeals is a card-linked, limited-time provide program much like Amex Affords and Chase Affords. If you activate sure promotional presents inside your account, you may usually earn about 5 p.c to fifteen p.c additional money again at choose eating places and different collaborating retailers. Chances are you’ll not make loads of money again with BankAmeriDeals, however it could assist increase what you earn.
Advantages for Financial institution of America Most well-liked Rewards members
Whereas the rewards charge on this card is strong by itself, it’s value noting that you would be able to increase your earnings charge by as a lot as 75 p.c, relying in your standing as a member of the Financial institution of America Most well-liked Rewards program. To qualify as a member, you could personal or co-own an lively and eligible Financial institution of America, Merrill or Merrill Edge account and maintain a minimal 3-month mixed common each day steadiness of $20,000 or extra throughout eligible Financial institution of America account sorts.
Right here’s how a lot you can increase your money again charge primarily based on the Most well-liked Rewards tier you fall into:
- Most well-liked Rewards Gold: 25 p.c
- Most well-liked Rewards Platinum: 50 p.c
- Most well-liked Rewards Platinum Honors: 75 p.c
- Most well-liked Rewards Diamond: 75 p.c
- Most well-liked Rewards Diamond Honors: 75 p.c
As a Most well-liked Rewards member, you’ll acquire entry to different advantages — together with reductions on funding companies, mortgage origination charges, HELOC and automobile mortgage rates of interest, in addition to no cost for choose banking companies.
This card is my prime earner each quarter, and it’s simple to maximise. I’ve top-tier Most well-liked Rewards standing since I preserve my retirement financial savings with Financial institution of America, giving me a 75 p.c increase on earnings. Getting a 5.25 p.c return is about as nice of a charge that you simply’ll discover anyplace.
— Ryan Flanigan, Bankrate bank cards author
Maximizing the Financial institution of America Personalized Money Rewards card
To get essentially the most out of the Financial institution of America Personalized Money Rewards bank card, you’ll need to take the next steps:
- Change your prime incomes class periodically primarily based in your spending plans. The Financial institution of America Personalized Money Rewards bank card allows you to change your prime incomes class as soon as every calendar month, and it is smart to take action in case your regular spending patterns fluctuate all year long. When you’ve got a journey or on-line buying buy arising, for instance, you may change your 3 p.c again class that month and increase your rewards haul that means.
- Ensure you earn the welcome provide. If you happen to spend $1,000 on purchases inside 90 days of account opening, you’ll earn $200 in on-line money rewards. This requires spending a minimum of $334 per 30 days, which you’ll be able to probably attain by charging your common bills and payments to the cardboard.
- Keep away from paying curiosity. Whereas the Financial institution of America Personalized Money Rewards card presents an intro APR for purchases and eligible steadiness transfers, keep in mind that this promotion received’t final ceaselessly. Ensure you repay the steadiness earlier than the intro APR interval ends, or else you’ll wind up paying off debt at this card’s greater variable APR.
The underside line
The Financial institution of America Personalized Money Rewards card doesn’t provide the best charges of money again on the market, as there are some rotating class playing cards that provide as a lot as 5 p.c again on choose bonus classes. Nonetheless, getting 3 p.c again in your class of selection (as much as $2,500 in mixed 3 and a pair of p.c class purchases every quarter, then 1 p.c) is a lot better than the 1.5 to 2 p.c again provided by different flat-rate money again playing cards in the marketplace — as long as you’re not sometimes spending over $2,500 in 1 / 4.
With no annual price, an honest welcome bonus and a beneficiant introductory APR provide along with its respectable money again charge, this Financial institution of America bank card deserves critical consideration for a spot in your pockets — particularly should you’re already a Financial institution of America loyalist.
If you happen to’re nonetheless undecided whether or not the Financial institution of America Personalized Money Rewards bank card is value it, take into account evaluating it to different money again rewards bank cards. Doing all your analysis and evaluating it to different playing cards is the one method to know for certain.
The Financial institution of America content material on this publish was final up to date on April 14, 2025.
