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BOA Customized Cash Rewards

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dlister70
Frequent Contributor

BOA Customized Cash Rewards

I am getting siding redone on my house and wanted a 0% introductory card to put the purchase on.  I had applied for the Citi Simplicity but was denied stating too many inquiries and late payments.  The late payments were from 5 years ago, and I had been approved for a Citi Double Cash 2 years ago, so that didn't make a lot of sense to me.  Perhaps Citi has tighter restrictions post covid-19?  Oh well.  Since I couldn't get the 18 months at 0%, I started looking at 15 month cards.

 

The Bank of America Customized Cash Rewards turns out to be a much better card for this particular purchase since it has a 3% home improvement category.  I had initially thought that meant places like Home Depot and Lowes, and it does, but it also includes contractors that work on your house (like siding contractors, for example)! 

 

And a $200 sign up bonus when you spend $1000 in the first 3 months (siding will certainly be more than $1000)!

 

I apped and was not auto approved because I have a fraud alert on my account.  I called the backdoor recon number (888-762-5486) and they were able to verify my identity to get past the fraud alert.  I was approved for $7000 credit limit.  

 

Since the 3% category is only for the first $2500 per quarter and the siding is going to be about double that, I am going to try to pay half in June and half in July and see if I can get it to post in different quarters.  Smiley Happy  Once I pay off the siding, I may use the card for online purchases at 3% until I need some other contractor work done.  

 

The information packet that came with the card includes a HUGE list of credit card codes that work for the 3%.  Lots of "home improvement" categories that I wouldn't have thought of.  5932 (antique shops), 0780 (landscaping), 7394 (equipment, tool, appliance rental), 5193 (florist suppliers, nursery stock, and flowers) were a few that stood out to me beyond the normal roof/siding/HVAC contractors that I had thought of.

 

Data points:

 

Income:  52k/year

Current credit limits:  105k or so spread over 13 or 14 cards

Utilization:  7% at the time of app

Credit score:  758 according to Experien where BOA pulled

Inquiries:  11 including several within the last month (apparently BOA isn't that inquiry shy!)

Approved limit:  $7000




Message 1 of 19
18 REPLIES 18
Elpadrino1
Valued Contributor

Re: BOA Customized Cash Rewards

Congratulations on your approval!!

Message 2 of 19
coreyb80
Super Contributor

Re: BOA Customized Cash Rewards

Congrats on the approval!

Message 3 of 19
CreditAggie
Community Leader
Super Contributor

Re: BOA Customized Cash Rewards

Congratulations on your BofA Customized Cash Rewards approval!

Current Cards (in order of approval):

         
Current FICO 8 | 9 (March 2025):  
Credit Age:  
Inquiries (6/12/24):  
Banks & CUs:

Message 4 of 19
gdale6
Moderator Emeritus

Re: BOA Customized Cash Rewards

Grats on your new CCR card Smiley Happy

Message 5 of 19
TSlop
Valued Contributor

Re: BOA Customized Cash Rewards

Congrats on your approval!

Message 6 of 19
babygirl1256
Senior Contributor

Re: BOA Customized Cash Rewards

Congrats on your Bank of America Customized Cash Rewards approval.

Starting FICO 8 Score in 06/2019: EQ-625, TU-649, EX-640
Current FICO 8 Score in 06/2021: EQ-796, TU-806, EX-812
Goal FICO 8 Score in 06/2022: EQ-825, TU-850, EX-850
Message 7 of 19
JLRDC909
Frequent Contributor

Re: BOA Customized Cash Rewards

Congratulations on your BofA approval. This really is a hard to beat card and it can be good as an everyday driver for many. Just got an approval recently for a high limit card so don't want poke the near with them so soon, but this is probably my next card. They did good on this one. 

 

JR
Message 8 of 19
RickNATL
Established Contributor

Re: BOA Customized Cash Rewards

Congratulations...smart strategy...

Message 9 of 19
nuohlac
Valued Contributor

Re: BOA Customized Cash Rewards

Congratulations on your approval!!! Thanks for the DP's. 




Message 10 of 19
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