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Bank of America® Customized Cash Rewards credit card
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On Bank of America's secure site
Rewards Rate
3% cash back in the category of your choice, 2% cash back at grocery stores and wholesale clubs for the first $2,500 in combined choice category/grocery store/wholesale club quarterly purchases, 1% cash back on all other purchases
Intro APR
0% Introductory APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. A 3% fee (min $10) applies to all balance transfers.
Regular APR
14.24% - 24.24% Variable APR on purchases and balance transfers
Card Network
Annual Fee
$0
Credit Score Needed
Excellent, Good
Offer Details
  • $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.

  • Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases.

  • If you're a Preferred Rewards member, you can earn 25% - 75% more cash back on every purchase. That means you could earn up to 5.25% cash back on purchases in your choice category.

  • No annual fee and no expiration on rewards.

  • 0% Introductory APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 14.24% - 24.24% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers.

  • 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.

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All content is written by editorial staff or writers engaged by the site, not by marketers/sales staff. Editors responsible for producing the content are not in contact or affiliated with any advertiser and are not compensated based on success of the affiliate links. All decisions regarding recommendations are determined separately from advertising relationships. Any opinions, analyses, reviews or recommendations expressed are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

Bank of America® Customized Cash Rewards credit card Review

April 1, 2022

Who is the Bank of America® Customized Cash Rewards credit card for?

The Bank of America® Customized Cash Rewards credit card suits any card owner looking for generous cash back offers without paying an annual fee. This card gives you the chance to be in control of how you earn your rewards. You will earn 3% cash back in the category of your choice, 2% cash back at grocery stores and wholesale clubs, and an unlimited 1% cash back on all other purchases. Note that the 3% and 2% cash back categories are limited to the first $2,500 in combined purchases every quarter. Bank of America Preferred Rewards members can earn up to 75% higher cash back.

We recommend this card to anyone who wants cash back but does not want to pay for it. This free card can be paired with travel cards to maximize rewards and cash back whether you are at home or abroad.

Cash Back

The Bank of America Cash Rewards Credit card offers 3% cash back on a category of your choice, 2% cash back on grocery store and wholesale club purchases, and 1% cash back on all other purchases. Thus, if you know you will be spending a lot of money at gas stations, you can choose gas stations as your 3% cash back category and thus truly maximize your rewards.

Welcome Bonus

Spending $1,000 on purchases during the first 90 days of account opening will earn you a $200 online cash rewards bonus which can be spent on whatever you choose. The great cash back rewards coupled with this bonus make the Customized Cash Rewards credit card an enticing offer.

No Annual Fee

The Customized Cash Rewards credit card does not come with an annual fee, meaning it costs absolutely nothing to own. You can maximize the cash rewards you earn by using it exclusively for purchases in the 3% cash back category of your choice. And even if use it for everyday transactions you can still get some serious value out of it.

Benefits

Savvy cardholders will take advantage of Bank of America’s Preferred Rewards Membership, which supercharges the cash back rewards earning potential. Existing Bank of America customers have the edge of being able to earn 25-75% more cash back rewards. 

The Bank of America Customized Cash Rewards credit card also offers a compelling introductory 0% APR for your first 15 billing cycles for purchases, and for any balance transfers made within 60 days of opening your account (3% fee - $10 minimum - applies to all balance transfers). After the introductory period ends, the card offers a variable 14.24% to 24.24% APR on both purchases and balance transfers. 

Protections

Bank of America also offers a variety of protection packages. You will receive a $0 liability guarantee on any fraudulent charges, which Bank of America will block immediately. Also, Bank of America uses chip technology to enhance security, this technology can be used in over 130 countries. 

You can choose to set up account alerts for whatever purposes you may need them for. This will allow you to stay on top of your balances and due dates. You will also be able to choose how you receive these alerts. These options include emails and text alerts, which will let you know when payments are due or paid. 

Technology

This card also comes with access to Bank of America’s award-winning Online and Mobile banking. You can bank from anywhere easily and safely and pay your bills online, transfer funds, and much more. You can also use Digital Wallet technology to add your card to your device and make payments through Apple Pay, Google Pay, or Samsung Pay. These forms of payment can be used either online or in-store.

Conclusion

This card works for everyday purchases and pairs nicely with travel rewards credit cards at no annual cost. Receiving 3% cash back on a category of your choice allows you to optimize your cash back earnings. Especially if you are a Bank of America Preferred Rewards member, you can make very good use of this card. Cardholders just need to make the most of the 0% APR for 15 billing cycles on both purchases and balance transfers before the regular APR of 14.24% to 24.24% (Variable) kicks in.

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Editorial Disclaimer
All content is written by editorial staff or writers engaged by the site, not by marketers/sales staff. Editors responsible for producing the content are not in contact or affiliated with any advertiser and are not compensated based on success of the affiliate links. All decisions regarding recommendations are determined separately from advertising relationships. Any opinions, analyses, reviews or recommendations expressed are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.
Approval Odds
BestCreditCard calculates your approval odds by comparing your credit profile to other BestCreditCard members who were approved for this product. These approval odds are estimates only and do not guarantee approval. Credit card issuers use a variety of different types of credit scores and criteria to make credit decisions. The TransUnion credit score we provide is based on the VantageScore 3.0 model and may not be the credit scoring model used by financial institutions presenting offers on our website.