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CUSTOM PAY PLAN

Enjoy the flexibility to pay your way

From that next vacation to unexpected expenses, split eligible credit card purchases into fixed monthly payments.

Get started

Pay over time, on your terms

  • No interest - Just a fixed monthly fee
  • No application - Available on all personal Bank of America® credit cards
  • No prepayment penalty - When you pay your balance in full
  • Rewards - If your card earns rewards, you keep earning them on qualified purchases
Create a Custom Pay Plan

Stay in the know by setting up customized alerts1 so you’ll be notified when Custom Pay Plan-qualifying transactions post to your account:

  • Choose a minimum purchase threshold of $100 or more
  • Look for the Custom Pay Plan purchase option in your credit card activity alerts in Online Banking or the Mobile Banking app2
  • You can ask Erica®3 , your virtual financial assistant, available in the mobile app, “How do I set up alerts?”
  • Turn alerts on or off as needed

Turn on alerts

A payment plan that fits your life

With up to ten plans per eligible account, Custom Pay Plan can work for:

  • Furniture, appliances and home decorating
  • Airfare, cruises, hotels, and vacation rentals
  • Auto repairs and rentals
  • Medical services, specialists and insurance
  • And more...
Create a Custom Pay Plan

What would you like the power to do?®

Frequently Asked Questions

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A Custom Pay Plan may be beneficial if you:

  • Have an eligible purchase you'd like to pay off over a set period.
  • Want the ability to avoid interest on other purchases.
  • Can afford the Monthly Custom Pay Plan Payment.

A Custom Pay Plan will increase your monthly Total Minimum Payment Due. You won't be able to change or cancel a Custom Pay Plan once you request it. If you can't afford the increased payment for the duration of the Custom Pay Plan, you'll incur late fees.

Yes. You’ll see an Interest Saving Balance payment amount once you have created a Custom Pay Plan. Pay this amount every month by your due date to avoid interest on other purchases. 

Note: Paying the Interest Saving Balance will also pay any promotional rate balances in full.

Credit card accounts that are open, with active charging privileges and not past due are eligible, at our discretion.

Yes, some restrictions apply. Eligible purchases are listed under My Plans in Online Banking and the Mobile Banking app. Eligible purchases must be for at least $100 and have posted to your account in the last 90 days. Cash advances, balance transfers, cash equivalents, account fees and disputed purchases don't qualify.

No. You won't be able to change or cancel a Custom Pay Plan once you submit your request to create it.

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