Bank of America® Customized Cash Rewards credit card

Bank of America® Customized Cash Rewards credit card

on Bank of America's website, or call (877) 754-6706

Bank of America® Customized Cash Rewards credit card

Bank of America® Customized Cash Rewards credit card

Bank of America® Customized Cash Rewards credit card

on Bank of America's website, or call (877) 754-6706

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Card 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 3.75%-5.25% cash back on purchases in your choice category.

  • No annual fee and no expiration on rewards.

  • 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.

Rates, fees & offers

  • Annual fee

    $0

  • Rewards rate

    1%-3%

  • Bonus offer

    $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.

  • Intro APR

    See Terms

  • Ongoing APR

    APR: See Terms

    Cash Advance APR: See Terms

    Penalty APR: 29.99%, Variable

  • Balance transfer fee

    Either $10 or 3% of the amount of each transaction, whichever is greater.

  • Foreign transaction fee

    3%

Recommended credit score

Compare to other cards

NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
Learn moreLearn more
Annual fee

$0

Annual fee

$99

Annual fee

$199

Regular APR

See Terms

Regular APR

18.24%, 22.24% or 27.24%, Variable APR

Rates & Fees

Regular APR

See Terms

Intro APR

See Terms

Intro APR

0% intro APR for 15 months on balance transfers made within 45 days of account opening.

Intro APR

N/A

Recommended Credit Score
Recommended Credit Score
Recommended Credit Score

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NerdWallet review

By Kimberly Palmer

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

Rating details

4

Editor's overall rating

Pros and cons

Pros
  • No annual fee

  • New cardholder bonus offer

  • Intro APR period

  • Rotating bonus categories

  • Relationship rewards for customers

Cons
  • Requires good/excellent credit

  • Complicated rewards

  • Spending caps on bonus rewards

  • Best rewards limited to certain customers

The Bank of America® Customized Cash Rewards credit card can earn outstanding rewards rates — but only if you have a lot of money in Bank of America®-affiliated accounts. If not, your rewards rates will be only so-so.

The card itself offers 3% cash back in a category you choose and 2% at grocery stores and wholesale clubs on up to $2,500 in combined choice-category/grocery/wholesale club spending per quarter. All other purchases earn 1%.

But if you have at least $20,000 in combined accounts at Bank of America®, and/or Merrill, you can join the Preferred Rewards program and earn bonuses of 25% to 75%.

The card’s annual fee is $0. For more information, visit our full review.