This student credit card is designed to help young adults build credit while enjoying cashback rewards. With customizable categories, it lets you earn more in the areas where you spend the most, whether that’s online shopping, dining, or gas.
Beyond rewards, the card offers a generous introductory APR and no annual fee. It’s a practical option for students who want financial flexibility combined with responsible credit-building tools.
Main features of Bank of America Customized Cash Rewards Credit Card for Students
One of the standout features of this card is the ability to choose a 3% cashback category. Options include online shopping, dining, gas, travel, and more. Additionally, it offers 2% cashback at grocery stores and wholesale clubs, and 1% on other purchases.
Approval requirements
To qualify, you typically need to be enrolled as a student and provide proof of income or a co-signer if you don’t meet the income threshold. A fair credit score or limited credit history is generally acceptable since this card is designed for students building credit.
Benefits of Bank of America Customized Cash Rewards Credit Card for Students
Besides its flexible cashback structure, this card has no annual fee and comes with a $200 online cash bonus after spending $1,000 within 90 days. It also includes access to your FICO® Score and financial education tools via the Bank of America app.
Exclusive highlight
The most unique feature is the customizable 3% cashback category. Unlike many student cards that offer flat-rate rewards, this one adapts to your spending habits, making it highly versatile for students with varied lifestyles.
Drawbacks and things to consider about the Bank of America Customized Cash Rewards Credit Card for Students
While the rewards are appealing, there is a quarterly cap of $2,500 on combined purchases for the 3% and 2% cashback categories. After reaching this limit, the cashback rate drops to 1%.
Additionally, the standard APR after the 15-month introductory period ranges between 18.24% and 28.24%, which can be high if you carry a balance. It’s best suited for students who can pay their statement in full monthly.
How to apply step-by-step
To apply, visit the Bank of America website and select the student credit card section. Complete the application with your personal details, school information, income, and housing costs. Once submitted, you’ll typically receive an instant decision or further instructions if more verification is needed.
Who is the Bank of America Customized Cash Rewards Credit Card for Students ideal for?
This card is perfect for students who want to start building their credit while earning valuable rewards. If you frequently spend in categories like dining, gas, or online shopping, it offers excellent value.
It’s also suitable for those looking for a no-annual-fee option with financial management tools, helping young users cultivate responsible credit habits from the start.