Bank of America® Customized Cash Rewards Credit Card
- Annual fee
- None
- Recommended credit
- Excellent / Good
- Card network
- Mastercard
- Intro purchase APR
- 0% for 15 billing cycles from account opening date
At a glance
The Bank of America® Cash Rewards Credit Card boasts impressively flexible cash rewards on purchases in the category of your choice, on top of cash back for groceries and other everyday purchases. This card also offers an attractive introductory APR for purchases and balance transfers, making it a great all-around rewards card for those with dynamic purchase habits.
Our review of the Bank of America® Customized Cash Rewards Credit Card
With the Bank of America® Customized Cash Rewards Credit Card, you have the power to choose where you earn your cash back rewards. Unlike other cards that limit your earning potential to specific categories, this card puts the control in your hands.
Who Can Benefit from the Customized Cash Rewards Card?
The Bank of America Customized Cash Card is ideal for individuals who already have a banking relationship with Bank of America. Preferred Rewards members can earn up to 5.25% cash back on bonus categories, making this card a lucrative option for existing customers.
This card is also perfect for those who like to track their expenses closely. The customizable 3% and 2% cash back categories can be adjusted to suit your current spending habits.
How to Get the Card
Applying for the Bank of America Customized Cash Rewards Credit Card is simple. You’ll need to provide basic personal and financial information, including your Social Security Number and income details.
Eligibility
This card is designed for individuals with good to excellent credit. Students and those looking to build credit can explore the student and secured versions of the card.
Pre-Qualify
You can check if you pre-qualify for the Customized Cash Card without affecting your credit score. Bank of America offers a pre-qualification page for potential cardholders.
Welcome Offer
New cardholders can earn a $200 cash rewards bonus by spending $1,000 within the first 90 days of account opening.
Earning Rewards with the Customized Cash Card
- Earn 3% cash back on purchases in your chosen category each billing cycle
- Select a new category for future purchases monthly
- Earn 2% at grocery stores and wholesale clubs
- Get 1% cash back on all other purchases
- Rewards never expire
Additional Savings with Preferred Rewards
Qualifying for Bank of America Preferred Rewards membership can boost your cash back earnings significantly. Preferred Rewards members can earn up to 5.25% on their chosen category and 3.5% on groceries.
How to Redeem Rewards
Redeeming your cash back rewards is easy with the Customized Cash Card. Options include statement credits, checks, credits to eligible Merrill accounts, and contributions to 529 accounts.
Card Benefits
- 0% Introductory APR for the first 18 months
- Monthly FICO Score updates
- EMV chip and digital wallet technology
- Configurable account alerts and other benefits
Visa Benefits
Enjoy standard Visa credit card protections, including Zero Fraud Liability, Emergency Card Replacement, and more.
Tips for Maximizing Rewards
- Choose your bonus cash back category wisely
- Use your card for grocery and wholesale club purchases
- Use your card for all purchases
- Redeem your rewards strategically
What We Like About the Customized Cash Card
- Strong Rewards Earning Rate
- No Annual Fee
Things to Consider
- Limited Award Options
- Foreign Transaction Fee
Should You Apply for the Bank of America® Customized Cash Rewards Credit Card?
Overall, the Bank of America® Customized Cash Rewards Credit Card is a versatile and low-maintenance option for those looking to earn cash back rewards. If you’re already a Bank of America customer or have Preferred Rewards status, this card can be a valuable addition to your wallet. Students and individuals with good to excellent credit can also benefit from this card’s rewards program. Consider your spending habits and financial goals to determine if this card is the right fit for you.
Card features
Benefits as listed on the original card page. They can change; confirm details with the issuer.
- 3% cash back on the category of your choice: gas, EV charging, phone, internet, and cable plans, select streaming, online shopping, dining, travel, drug stores, or home improvement
- Earn automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases)
- 1% on all other purchases
- Introductory 0% APR for the first 15 billing cycles from the date you open your account
- Free FICO® Score reports updated monthly so you can monitor your credit score
Who this card may suit
- You want the flexibility to choose your cash back category from month to month
- You're looking for a generous rewards credit card with no annual fee
- You plan to take advantage of the long introductory APR period with a significant purchase or balance transfer
- You have a Bank of America checking or savings account and qualify for a Preferred Rewards membership
Rates, fees and terms
| Annual Fee | None |
|---|---|
| Intro Purchase APR | 0% for 15 billing cycles from account opening date |
| Regular Purchase APR | 18.24% to 28.24% variable based on creditworthiness and Prime Rate |
| Intro Balance Transfer APR | 0% for 15 billing cycles on transfers made within 60 days from account opening date |
| Balance Transfer APR | 18.24% to 28.24% variable based on creditworthiness and Prime Rate |
| Balance Transfer Transaction Fee | Either $10 or 3% of the amount of each transaction, whichever is greater |
| Cash Advance APR | 21.24% to 30.24% variable based on the Prime Rate |
| Cash Advance Transaction Fee | Either $10 or 5% of the amount of each transaction, whichever is greater. |
| Foreign Transaction Fee | 3% of the transaction amount in U.S. dollars |
| Penalty APR | Up to 29.99% variable based on creditworthiness and the Prime Rate |
| Late Payment Penalty Fee | Up to $40 |
Confirm before you apply: rates, fees and offers change often. The figures above are the ones listed on the original card page, not a current quote from the issuer. APRs are typically variable, and the rate you receive depends on your creditworthiness. Recommended credit: Excellent Credit Good Credit.
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Bank of America® Customized Cash Rewards Credit Card
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