Bank of America is a multinational bank offering a customized cash reward credit card. All credit card holders could use this advantageous feature offered by Bank of America. The holders can also request a Bank of America cash rewards credit card extended warranty.
Furthermore, you should acknowledge some details to get an extended warranty for the cash rewards credit card. Those points are used to make an application form for the Bank of America cash credit rewards. However, the extended warranty is seemingly only up to a year longer.
Short Review of Bank of America Cash Rewards Credit Card
Bank of America offers customized cash rewards credit cards that can extend the warranty. Unfortunately, the terms of this policy are complex to fill out. Yet, this feature serves you a bonus category of up to 3% with a $0 annual fee. This category comes from the options and changes available to apply once a month.
Additionally, the balance within your credit card must be in the high nominal to get boosted by this feature. However, it is not a good deal for you in some cases. If you apply for a card with offered bonus category earning points, you probably need to look for other deals with the best bonus option.
This bank also carries several pros and cons based on customer satisfaction. Those data reflect how Bank of America cash rewards credit card extended warranty works.
| Pros | Cons |
| $0 annual fee | Credit rates influence the rewards |
| Bonus for first time sign in | Complex rewards term |
| Various available bonus categories | Required spending caps |
| Member loyalty rewards | Best rewards not available for all cardholders |
| Excellen APR offers |
The Benefits of Bank of America Cash Rewards Credit Card Extended Warranty
As a money management company offering numerous beneficial advantages to its services, Bank of America shows excellent programs. Almost all cardholders would benefit from the first day of signing in to the account and continuously get the rewards. Here is the list of beneficial advantages that you could receive.
1. Cash Rewards on Bonus Category
With that $0 annual fee, the bonus that is required from the first sign-up would be around $200 in online cash rewards. This policy occurred after you spent up to $1,000 in the early 90 days. The days counting start from the very first day of account opening.
The cash rewards credit card by Bank of America allows you beneficial rewards after your generous spending. Moreover, you can take the 3% cashback from your category options. The category includes online shopping transactions, dining, gas, travel, and home care.
In addition, there is another bonus category of up to 2% for every grocery need. Firstly spending for the mixed bonus category starts from $2,500 and would get cash credit rewards. Afterward, you would get 1% cash rewards by combining the bonus category and grocery store spending.
The 3% provided cash rewards could be the main reward if you do not upgrade your bonus category once a month. This reward refers to the gas option as the default selection. Furthermore, the nominal of your cashback would be the same over the month unless you change your options.
2. Bank of America Cash Rewards Credit Card Extended Warranty
Equally important, there is another necessary feature provided by this company. It is well-known as the Bank of America cash rewards credit card extended warranty feature.
However, the extended warranty option is conclusively under some obligation. This policy should be claimed in 60 days, with a maximum coverage of $10,000.
Unfortunately, this policy is only available for one year extended warranty. After the one-year application expires, you couldn’t be able to renew your policy once again. Additionally, several items are excluded from the policy, such as used items and commercial use items.
3. Bank of America Preferred Rewards
Moreover, the Bank of America cash rewards credit card provides other beneficial advantages. It is a special offer for eligible Bank of America Preferred Rewards program cardholders. You certainly would get higher rates for the rewards you would receive.
Additionally, you can probably enjoy the Preferred Rewards program using the cash rewards credit card extended warranty policy. This program offers you a special deal for your Bank of America and Merrill balance.
However, you should keep your balance of at least $20,000 on your credit card. Next, you could enjoy the extra benefits of Preferred Rewards. You can enjoy double the beneficial advantages of firstly the Preferred Rewards program.
Secondly, the Bank of America cash rewards credit card extended warranty program. Cardholders with Preferred Rewards would get 25% up to 75% cashback. It is more than the original membership that only receives less. Nevertheless, the cashback amount certainly depends on how much balance remains on your credit card.
4. Redeemable Rewards Point
Using the Bank of America cash rewards credit card will have no minimum for any redemption action. Yet, a specific requirement gives you a minimum nominal for redemption of $25. At this rate, you can redeem your reward to more than 500 eligible accounts of Bank of America.
In some cases, if your spending is more than the minimum amount per quarter of bonus category spending caps, you would get higher cash rewards earned with another card. For this reason, you would continuously get boosted for your cash reward credit card rates.
5. 0% APR
You would have another benefit by using the card with the cash rewards credit card extended warranty policy. It is an 0% intro APR on every Purchase of more than 10 billing cycles. Additionally, 0% intro APR is required for Balance Transfers with over 10 billing cycles.
Those policies occurred for the fest 60 days since the first time signing the account in. Next, you would enjoy more than 18% up to 28% for the ongoing APR. Yet, you must spend 3% of the cost for every spending of your balance.
How to Apply Bank of America Cash Rewards Credit Card Extended Warranty
As mentioned before, the term of Bank of America cash rewards credit card extended warranty would be complex. Yet, you only need to access its official website through your internet. Firstly, you need to slide on the website of Bank of America Customized Cash Rewards and fill out the form.
There, you would be required to fill in your basic pieces of information, monthly income, and other details. Additionally, you can scroll down the website to double-check the policy. Next, you can save the application form once it is filled out.
Is Applying the Bank of America Cash Rewards Credit Card Extended Warranty Worth it?
Summing up the brief above, you must make a deal with your credit card issuer. You need to check which one offers you the best deal related to the services. For instance, this provides an extended warranty policy for the cash rewards credit card.
Unfortunately, the Bank of America cash rewards credit card extended warranty is only available for several years. Yet, you can still enjoy other beneficial advantages that merged with another program, such as the Preferred Rewards program. Therefore, you can enjoy the benefits any longer if you apply for it.