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 4.330 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!