Bank of America® Customized Cash Rewards

Pros & Cons

Pros

+Welcome Bonus: $200
+No annual fee

Cons

–Foreign Transaction Fee (3%)
–No purchase protection

Our Review

Maximize Your Cash Back with the Bank of America Customized Cash Rewards Credit Card

6% cash back in a category you choose and 2% cash back at grocery stores and wholesale clubs during the first year (up to $2,500 per quarter); 3%/2% thereafter
1% unlimited cash back on all other purchases
$200 online bonus after $1,000 in purchases within 90 days of account opening
0% intro APR on purchases and balance transfers for 15 billing cycles
Up to 75% more cash back through Preferred Rewards®
No annual fee

Switch your bonus category each month—choose from gas & EV charging, online shopping, dining, travel, drugstores or home improvement—and enjoy simple, no-minimum redemptions as statement credits. With contactless chip-and-tap security and Bank of America’s intuitive mobile app, this card is ideal for anyone who wants flexible rewards and powerful digital tools.

Terms apply. Bonus categories capped at $2,500 per quarter before reverting to 1%. 3% foreign transaction fee and balance transfer fees apply. See full terms for details.

Rewards

All Spending

1x

Cash Back pts per dollar

Groceries

2x

Cash Back pts per dollar

Credit Card Rewards Calculator

See how much you could earn with this card based on your spending.

Your point valuation¢/ point

0.50¢3¢

Groceries2x

$700/mo

Gas & EV1x

$200/mo

Transit1x

$100/mo

Restaurants1x

$300/mo

Pharmacy1x

$50/mo

Travel1x

$150/mo

Bills & recurring payments1x

$250/mo

Telecom1x

$150/mo

Entertainment & streaming1x

$100/mo

Office supplies1x

$0/mo

All other spending1x

$500/mo

Points Earned

38,400

Cash Back/yr

Estimated Value

$384

After Fees

+$384

1st Year Value

$386

incl. welcome bonus

Breakdown

Groceries$8,400/yr × 2x16,800 pts

Gas & EV$2,400/yr × 1x2,400 pts

Transit$1,200/yr × 1x1,200 pts

Restaurants$3,600/yr × 1x3,600 pts

Pharmacy$600/yr × 1x600 pts

Travel$1,800/yr × 1x1,800 pts

Bills & recurring payments$3,000/yr × 1x3,000 pts

Telecom$1,800/yr × 1x1,800 pts

Entertainment & streaming$1,200/yr × 1x1,200 pts

All other spending$6,000/yr × 1x6,000 pts

Total annual spend$30,000

Total monthly spend$2,500

Average earn rate on spend per year1.28x

Total points earned38,400 pts

Value of points accumulated in the first year≈ $384

Fees and interest rates

Annual Fee
$0
Foreign currency conversion fee
3%

Terms & Conditions

Card Features

New offer! Earn 6% cash back for the first year in the category of your choice: gas and EV charging stations; online shopping, including cable, internet, phone plans and streaming; dining; travel; drug stores and pharmacies; or home improvement and furnishings. You’ll automatically earn 2% cash back at grocery stores and wholesale clubs, and unlimited 1% cash back on all other purchases. After the first year from account opening, you’ll earn 3% cash back on purchases in your choice category.
Earn 6% and 2% cash back on the first $2,500 in combined purchases each quarter in the choice category, and at grocery stores and wholesale clubs, then earn unlimited 1% thereafter. After the 3% first-year bonus offer ends, you will earn 3% and 2% cash back on these purchases up to the quarterly maximum.
$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
With the Bank of America Preferred Rewards® program, members can earn 25%-75% more cash back on every purchase. That means the 3% choice category could go up to 3.75%-5.25%. The Preferred Rewards bonus is not applied to the 3% first-year bonus.
No annual fee and cash rewards don’t expire as long as your account remains open.
0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 17.74% – 27.74% will apply. A 3% Intro balance transfer fee will apply for the first 60 days your account is open. After the Intro balance transfer fee offer ends, the fee for future balance transfers is 4%. Balance transfers may not be used to pay any account provided by Bank of America.
Contactless Cards – The security of a chip card, with the convenience of a tap.
This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.