Bank of America Cash Rewards

The Bank of America cash rewards card, in this video I'm gonna talk to you about a couple of ways that you can redeem your cash back earned with your Bank of America cash rewards card But before we get started I have a quick message

Welcome to another video if you're new here my name is Duane with how to build credit TV and on this channel we talk about everything you need to know about credit, credit cards and how to make money using credit cards So if this sounds like something in which you're interested be sure to subscribe to the channel and click the notification bell so you don't miss a thing Okay so I got the Bank of America cash rewards card, I think it was in August or September of 2018 And this card is pretty cool because it has a decent signup bonus at the time that I got the card the signup bonus was $200 cash back after you spend $500 within 3 months I think maybe at the time of this video the signup bonus is currently 150 bucks for the 500 dollars spent

So either way if you want to look around or be patient and try to get that $200 when you spend $500 within the first three months feel free to go ahead and do that So this credit card the Bank of America cash rewards card is a pretty cool card I've had a really good experience with it as a matter of fact since I've gotten the card they've kind of upgraded a thing or two that allows you to actually choose one category that you can get 3% cash back on and there's a list of those things I'll put a picture of that on the screen as I'm talking about it So you can actually get 3% cashback on certain categories

Those categories that you can get 3% cashback on is gas, online shopping, dining, travel, drugstores or home-improvement/furnishings So that's pretty straightforward and then of course you get a 2% cashback on groceries and wholesale club and 1% on everything else I'll put a picture of that screen that I was just reading off of on the screen so that you guys can see that However in this video I want to go ahead and just real quickly share with you how you can redeem your cashback points So I've gotten my cash back for quite some time now and I finally used a credit card and now I'm wanting to redeem it and use it as a statement credit

So give me one second and I'll start a screen recording on my iPhone 6s here my trusty iPhone 6s and show you guys what you can expect when you go into the actual app for the bank of America cash rewards card Okay so I want him to start a screen recording here on my iPhone 6s I'm gonna touch on the Bank of America app here and open it for you guys and kind of show you what you can expect when you're ready to redeem your cash back So I'll put my touch ID here and this will open my account This is pretty cool I've had a good experience so far with the Bank of America app I liked it quite a bit

I'm gonna click on that now show me later Sorry about that guys okay so now we're in my account and currently my available credit is 4330 I think I can't see past the crack screen my screen is very cracked But my overall balance is 4500 bucks so on the bottom of the screen I'm gonna go ahead and touch on rewards and that's gonna pull up currently how much cashback I've earned So right now we're looking at 208 bucks and 32 cents

When I got the card like I said initially all I have to do is spend 500 bucks to get $200 cash back So I've gotten that and I've finally charged on this card and now I'm ready to redeem these points or the cash back When you redeem the cash back you can actually redeem your cash back a couple of ways with the Bank of America cash rewards card You can open up an account with Bank of America and you can get 20 percent more cash back So instead of me just getting the 200 dollars I can get $200 $220 if I open a bank account with Bank of America

But I already have a chase account and I'm very happy with my chase account So I will not be opening an account because most of the accounts that Bank of America has they you have to have direct deposit or you have to have a certain amount of money in the account to avoid getting charged a monthly fee So I'm not interested in that, so for me personally I'm just gonna go ahead and redeem it right here So I click on redeem now and then of course I'm gonna click on my MasterCard because that's my account And click OK at the bottom of the screen and I think my balance is like 170 bucks

I think it's like 169 something but we'll do 170 and see if it allows us to do that So I'll go ahead and click on OK hopefully it lets me do it let's see what happens here Once I go ahead and enter that I'm gonna go ahead and slide to redeem so I guess I'll slide the 170 down onto the credit card and like I said I think my balance is 169 bucks and some change So I went ahead and did that and as you can see it says your Redemption request is confirmed Please allow three business days from the date of redemption to your reward

So that's pretty cool they gave me a transaction ID as well and that's pretty much it I'm done so immediately as you can see on the screen recording it subtracted the 170 dollars from the 208 So like I said there are a couple of ways that you can redeem your cash back with your Bank of America cash rewards card You can do it the way that I just did or you can open a Bank of America account I think a checking or savings account you could actually get 20% more cash back So thank you so much for watching this video about the Bank of America cash reward card

If you have any questions leave them below in the comment section and I'll do my best to answer it as soon as I see it If you liked the video please be sure to give it a thumbs up it helps our channel quite a bit and if you want to share to be able to somebody that may find it helpful please feel free to do so as well If you haven't subscribed to the channel consider subscribing to the channel go ahead and smash that subscribe button and click the notification bell so you don't miss a thing Once again my name is Duane with how to build credit TV and I approve this video I'll see you in the next video

Until next time take care and be blessed Peace!