Bank of America Customized Cash Rewards Credit Card bonus

Can you get this bonus?

Tick every line below in your head. If they all sound true, you qualify and the rest of this page is just the how.

• ✓You are applying for a card you do not already hold, and you can take a hard credit check.
• ✓You are 18 or older with a Social Security number or ITIN and a US address.
• ✓You will naturally spend about $1,000 inside the first few months and pay the statement in full.
• ✓You can fund the account with at least $0 annual fee to open it.

How hard is this, honestly

Your time versus the calendar

Waiting is not work. These are two different clocks and they are never drawn on the same axis.

Anatomy of this bonus

Four stages, and what each one actually asks of you.

1. 1Apply
   Active time
   ~10 min
   Deadline
   While the offer is live

   The application has to start from the bonus link, because the bonus is attached at application time and cannot be added later.

   →
2. 2Spend
   Active time
   ~4 min
   Amount
   $1,000 of purchases
   Deadline
   90 days from account opening

   Only purchases count. Balance transfers, cash advances, gift card loads at some merchants and fees usually do not.

   →
3. 3Wait
   Active time
   0 min
   Deadline
   8 to 12 weeks after the spend posts

   Nothing to do. The provider verifies the qualifying activity on its own schedule.

   →
4. 4Get paid
   Active time
   ~3 min
   Amount
   $200 online cash rewards
   Deadline
   8 to 12 weeks after the spend posts

   Check the account on the payout date and contact support in writing if the reward has not posted.

• Active effortOne focused session

  Signing up and completing the requirement takes roughly 22 minutes of hands-on work in total.

• Operational complexityA couple of steps to track

  A spend requirement has to be met inside a fixed window.

• Financial commitment$1,000 of spending

  You need to put about $1,000 of ordinary spending on the card and pay it off in full, otherwise interest eats the bonus.

• WaitingLong wait

  From signup to money in hand is roughly 135 days, and almost all of that is waiting rather than working.

• RiskHard credit pull

  Applying puts a hard inquiry on your credit report and opens a new account, which affects average account age.

The real economic return

Do exactly this

Written for a first timer. If you have done bonuses before, the details under each step are the parts worth skimming.

1. 1

   Start from the Bank of America Customized Cash Rewards bonus link, not the plain homepage

   Bonuses attach at signup. If you open the account first and go looking for the offer afterwards, there is usually no way to add it. This is the single most common reason people miss out.

   When

   Day one, about 10 minutes

   What counts

   A brand new account created from the bonus path

   Watch for

   Existing customers are often excluded, so check the terms if you already bank here.

2. 2

   Finish identity verification in one sitting

   You will be asked for your legal name, address, date of birth and Social Security number. That is standard account opening, not a credit application, unless this is a credit card.

   When

   Same sitting, two to five minutes

   Watch for

   Use your legal name exactly as it appears on tax documents so verification does not stall.

3. 3

   Put $1,000 of normal spending on the card

   Do not manufacture spending you would not otherwise do. Move rent, insurance, groceries and any planned purchase onto the card, then pay the statement in full every month.

   How much

   $1,000

   When

   Within 90 days of approval

   What counts

   Purchases only. Balance transfers, cash advances and fees do not count.

   Watch for

   Carrying a balance at card interest rates will cost more than the bonus is worth.

4. 4

   Diary the payout date and then leave it alone

   The provider states payout as 8 to 12 weeks after the spend posts. Put that date in your calendar, then stop checking. Chasing support before the stated date rarely helps.

   When

   About 135 days after you start

5. 5

   Confirm the money landed, then decide whether to keep the account

   Once the reward posts, compare the ongoing rate, fees and usefulness against what you already have. Keeping a good account is fine. Keeping a bad one because you feel obliged is how bonuses turn into fees.

   Watch for

   Some providers claw a reward back if the account closes within a set number of days, so check before closing.

Where these facts come from

Questions and real experiences welcome. Third-party invite links and codes are not allowed here.

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