Bank of America® Customized Cash Rewards Credit Card for Students
Basic Information
Program ID: bank-of-america-customized-cash-rewards-credit-card-for-students
Issuer: Bank of America
Card Type: Credit
Network: Visa
Card Tier: Standard
Data Complete: Yes
Created: 01/07/2026 08:06
Last Scraped: 01/15/2026 06:03
Fee Structure
| Annual Fee: | $0.00 |
| Year 1 Waived: | No |
| Effective Annual Fee: | $0.00 |
| Authorized User Fee: | $0.00 |
| Penalty APR: | 0.00% |
Additional Fees
| Late Fee: | $40.00 |
| Returned Payment: | $40.00 |
| Balance Transfer: | Either $10 or 3% of the amount of each transfer, whichever is greater (maximum $99) |
| Cash Advance: | Either $10 or 5% of the amount of each cash advance, whichever is greater |
| Foreign Transaction: | 0.00% |
Interest Rates
Purchase APR Range: 2,124.00% - 3,124.00%
Intro Purchase APR: 0.00%
Intro APR Duration: 15 months
Balance Transfer APR: 3,124.00%
Intro BT APR: 0.00%
Intro BT Duration: 15 months
Cash Advance APR: 2,999.00%
Sign-Up Bonus
Bonus Amount: $200.00
Spending Requirement: $1,000.00
Time Period: 90 days
Bonus Timing: Typically within 8-12 weeks after the spending requirement is met.
Rewards Program
Reward Type: Cash Back
Base Reward Rate: 1.00%
Bonus Reward Rate: 3.00%
Bonus Categories: 3% in chosen category (Gas, Online Shopping, Dining, Travel, Drug Stores, Home Improvement/Furnishings), 2% at Grocery Stores and Wholesale Clubs
Point Value Estimate: 0.0100 cents/point
Expiration Policy: Cash rewards do not expire as long as account is open and in good standing.
Transfer Partners: N/A
Card Benefits
Protection Benefits
Travel Benefits
Premium Benefits
Approval Criteria
Recommended FICO Range: 670 - 850
Approval Odds Category: Good
Pre-qualification Available
Soft Pull Supported
Hard Pull Bureau: Experian
Issuer Rules
Rules: Eligibility for the Bank of America Customized Cash Rewards Credit Card for Students (2026) requires applicants to be currently enrolled in a college or university, be at least 18 years old, and possess a valid Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN). Applicants must demonstrate an ability to pay, which can include income from part-time jobs, scholarships, grants, or, if 21 or older, verifiable allowance or household income. New cardholders are typically eligible for a cash bonus (e.g., $200 cash back) after meeting a specified spending threshold within the first 90 days of account opening. Specific bonus offers are subject to change by Bank of America for 2026. Application rules include Bank of America's known velocity limits: no more than 2 new cards in the past 2 months, no more than 3 new cards in the past 12 months, and no more than 4 new cards in the past 24 months. These rules apply across all Bank of America and Merrill Lynch branded credit cards.
Maximum Cards Per Issuer: 5
Minimum Spend Interval: 3 months
Shutdown Risk Triggers: Manufactured spending (MS), rapid accumulation of high cumulative credit limits across multiple cards (especially if not supported by income), frequent balance transfers or cash advances without clear repayment plans, abuse of rewards programs or sign-up bonuses, inconsistent or suspicious account activity, defaulting on payments, high credit utilization across multiple accounts, or opening too many accounts with BoA or other issuers in a short period beyond the stated velocity rules.
International Friendly
User Analytics & Insights
User Ratings
Average Rating: 4.0 / 5.0
Top Positive Feedback:
Users highly value the card's flexible cash back categories, allowing them to choose where they earn the most rewards (e.g., online shopping, dining, gas). The absence of an annual fee and the sign-up bonus are also frequently praised, making it an attractive option for students looking to build credit.
Top Negative Feedback:
The primary complaint revolves around the quarterly spending cap on bonus categories ($2,500 combined with grocery stores and wholesale clubs), which limits earning potential for higher spenders. The foreign transaction fee is also a drawback for students who travel internationally.
Approval Experience Score: 75.0 / 100
Recommended Alternatives
- Discover it® Student Cash Back
- Capital One SavorOne Student Cash Rewards Credit Card
- Petal® 2 Visa® Credit Card
Card Value Score: 85.0 / 100
Est. Annual Rewards: $225.00
User Portfolio Metrics
Avg Portfolio Size: 1 cards
Avg Portfolio Age: 12 months
Store vs Co-brand: 100% General / 0% Store
Risk Assessment
Default Risk Group: Medium
Predicted Approval Probability: 75.0%
Terms Version Control
Version ID: v1.0