If you’re looking for a credit card that puts money back in your pocket, the Customized Cash Rewards Card from Bank of America is a smart choice. With flexible cashback categories, no annual fee, and everyday convenience, it’s designed for people who want more control over how they earn rewards.
Here’s what this card has to offer:
Cashback Program
One of the standout features of the Customized Cash Rewards card is its tiered cashback structure, offering strong returns on your everyday spending. Here’s the current breakdown:
- 3% cashback in a category of your choice: gas, online shopping, dining, travel, drugstores, or home improvement & tools
- 2% cashback at grocery stores and wholesale clubs (like Costco and Sam’s Club), on combined purchases up to $2,500 per quarter (this includes both 3% and 2% categories)
- 1% cashback on all other purchases
Your cashback doesn’t expire as long as your account is open, and there’s no cap on how much you can earn in the 1% category.
Advantages and Rewards
As the name suggests, the best part about this card is the ability to customize your 3% cashback category. You can update your preferred category once per month through the Bank of America mobile app—switching from restaurants to travel, or from online shopping to gas, based on what fits your current lifestyle.
New cardholders can also unlock even more value. Here’s how:
- Limited-Time Offer: Earn 6% cashback for one year in your selected category. Just pick your preferred area, and get double the standard rate for 12 months.
- Welcome Bonus: Receive a $200 cash reward after you spend $1,000 within the first 90 days of account opening.
- Preferred Rewards Program: If you’re a member of Bank of America’s Preferred Rewards (with eligible Merrill investment accounts), you can boost your cashback by up to 75% more on every purchase.
