NEW YORK— Bank of America is now offering credit card rewards for electric vehicle owners.
The Bank of America Customized Cash Rewards credit card will now offer 3% cash back at electric vehicle charging stations, expanding the reward already offered for traditional gas station purchases, Investopedia reported.
“Bank of America is expanding this option because it noticed a 44% growth in electric vehicle charging transactions during the first half of 2023,” Investopedia said.
Additional Benefits
In addition to offering Customized Cash Rewards cardholders rewards for EV charging station purchases, the 3% cash back for online shopping will now also include cable, streaming, Internet and phone plans, Investopedia said.
“Credit card issuers have traditionally made an effort to keep their rewards programs updated and competitive when new categories of spending arise,” Investopedia noted.
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