May 16, 2025 at 8:00 AM Eastern
BofA Boosts CashBack for New Cash Rewards Credit Cardholders
Coming June 1, New Customized Cash Rewards Cardholders Will Earn six percent Cash Back and New Unlimited Cash Rewards Cardholders Will Earn two percent Cash Back for the First 12 Months
CHARLOTTE, North Carolina — Bank of America today announced enhanced cash back rewards offerings for new cardholders of the Customized Cash Rewards credit card and Unlimited Cash Rewards credit card during their first year, delivering even greater value to clients.
Available nationwide as of June 1, clients who open a Customized Cash Rewards card will earn six percent cash back in the category of their choice (up from three percent) during the first year. Clients who open an Unlimited Cash Rewards card will earn two percent cash back (up from one point five percent) on all purchases during the first year, with no limit to the amount of cash back they can earn.
"We are committed to providing our clients with credit cards designed to help them make the most of their everyday spending – now with an extra boost to help navigate the year ahead,” said Lora Monfared, Head of Consumer Card Products at Bank of America. “Whether they prefer to maximize rewards in a specific spending category or earn a flat rate on all purchases, our cash rewards cards provide value to stretch their dollars further.”
In addition to the enhanced cash back, clients opening a Customized Cash Rewards card or a Unlimited Cash Rewards card will also receive a two hundred dollars welcome bonus after spending one thousand dollars or more on purchases in the first 90 days after the card is opened.
New cardholders can take advantage of the following features:
New cardholders can take advantage of the following features:
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with approximately 3,700 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (N Y S E: B A C).
Don Vecchiarello, Bank of America
Phone: one nine eight zero three eight seven four eight nine nine
don.vecchiarello@bofa.com
May 16, 2025 at 8:00 AM Eastern
BofA Boosts CashBack for New Cash Rewards Credit Cardholders
Coming June 1, New Customized Cash Rewards Cardholders Will Earn six percent Cash Back and New Unlimited Cash Rewards Cardholders Will Earn two percent Cash Back for the First 12 Months
CHARLOTTE, North Carolina — Bank of America today announced enhanced cash back rewards offerings for new cardholders of the Customized Cash Rewards credit card and Unlimited Cash Rewards credit card during their first year, delivering even greater value to clients.
Available nationwide as of June 1, clients who open a Customized Cash Rewards card will earn six percent cash back in the category of their choice (up from three percent) during the first year. Clients who open an Unlimited Cash Rewards card will earn two percent cash back (up from one point five percent) on all purchases during the first year, with no limit to the amount of cash back they can earn.
"We are committed to providing our clients with credit cards designed to help them make the most of their everyday spending – now with an extra boost to help navigate the year ahead,” said Lora Monfared, Head of Consumer Card Products at Bank of America. “Whether they prefer to maximize rewards in a specific spending category or earn a flat rate on all purchases, our cash rewards cards provide value to stretch their dollars further.”
In addition to the enhanced cash back, clients opening a Customized Cash Rewards card or a Unlimited Cash Rewards card will also receive a two hundred dollars welcome bonus after spending one thousand dollars or more on purchases in the first 90 days after the card is opened.
New cardholders can take advantage of the following features:
New cardholders can take advantage of the following features:
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with approximately 3,700 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (N Y S E: B A C).
Don Vecchiarello, Bank of America
Phone: one nine eight zero three eight seven four eight nine nine
don.vecchiarello@bofa.com
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