The Bank of America Customized Cash Rewards Credit Card for Students is designed for individuals who are starting their credit journey and want flexibility, no annual fee, and practical cash-back rewards. With customizable bonus categories, a welcome offer, and student-friendly tools, this card can be a solid option for managing everyday expenses while building credit responsibly.
Below, you’ll find who this card is best for, eligibility requirements, the full application process, and important considerations before applying.
Who This Card Is Recommended For
This credit card is best suited for students who want a simple, no-annual-fee card that still offers competitive rewards. It works well for those who prefer flexibility, allowing them to choose a 3% cash-back category based on their current spending habits.
It is also ideal for students who value digital banking, free access to their credit score, and tools that help them learn how credit works. The card’s 0% introductory APR on purchases and qualifying balance transfers can be useful for managing early expenses, provided balances are paid off before the promotional period ends.
However, students looking for premium perks, unlimited high-rate rewards, or a flat-rate cashback structure may want to compare this card with other options.
Basic Eligibility Requirements
To apply for the Bank of America Customized Cash Rewards Credit Card for Students, applicants generally must:
- Be at least 18 years old
- Be a student enrolled in an accredited college, university, or eligible educational institution
- Have a valid Social Security number or Individual Taxpayer Identification Number
- Provide proof of income or access to income (including part-time work, scholarships, or financial support)
- Have a U.S. mailing address
Approval is subject to credit review, and meeting the basic criteria does not guarantee approval.
How to Apply (Step by Step)
Step 1: Check your eligibility
Before applying, confirm that you meet the student and age requirements and that you can provide the necessary personal and financial information.
Step 2: Visit the official Bank of America application page
Go to Bank of America’s website and navigate to the Customized Cash Rewards Credit Card for Students. Make sure you are reviewing the student version of the card.
Step 3: Complete the online application
Fill out the application with your personal details, including your name, address, date of birth, and Social Security number. You will also be asked to provide information about your student status and income.
Step 4: Review the card terms and select preferences
Before submitting, carefully review the APR ranges, balance transfer terms, and reward structure. Once approved, you will be able to choose your 3% cash-back category and change it later if needed.
Step 5: Submit the application and wait for a decision
Some applicants receive an instant decision. In other cases, Bank of America may request additional information or take more time to review the application.
Step 6: Receive and activate your card
If approved, the card will be mailed to your address. After receiving it, activate the card online or through the Bank of America mobile app.
Credit Limit and Account Management
The initial credit limit is determined based on your credit profile, income, and overall application. As you use the card responsibly—making payments on time and keeping balances low—you may become eligible for credit limit increases over time.
Account management is handled through Bank of America’s mobile app and online banking platform, where you can track spending, monitor rewards, pay bills, set alerts, and view your monthly FICO credit score.
Introductory APR and Balance Transfers
This card offers a 0% introductory APR for the first 15 billing cycles on purchases and on balance transfers made within the first 60 days of account opening. After the introductory period, a variable APR applies.
There is no balance transfer fee for transfers made within the initial 60-day window. After that, standard balance transfer fees apply. Always confirm current terms before initiating a transfer.
How to Cancel the Card
If you decide the card no longer fits your needs, you can request cancellation by contacting Bank of America customer support through the app, online banking, or by phone. Before closing the account, ensure all balances are paid in full to avoid interest or fees.
Keep in mind that closing a credit card can impact your credit score, especially if it is one of your oldest accounts.
FAQ – Bank of America Customized Cash Rewards Credit Card for Students
Does this card have an annual fee?
No. The card has a $0 annual fee.
Can I change the 3% cash-back category?
Yes. The category can be changed once per calendar month through online banking or the mobile app.
Is the 0% APR permanent?
No. The 0% APR is introductory and applies only for the first 15 billing cycles.
Is approval guaranteed for students?
No. Approval depends on credit and income evaluation.
Does this card help build credit?
Yes. Responsible use and on-time payments are reported to credit bureaus and help build credit history.
Final Recommendations Before Applying
Before applying, review your budget and spending habits to ensure you can take advantage of the 3% category without exceeding the quarterly cap. Paying the full statement balance each month is essential to avoid interest and build a strong credit history.
Used responsibly, this card can be a valuable tool for students learning to manage credit.
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