Bank of America® Customized Cash Rewards
Bank of America® Customized Cash Rewards
The Bank of America® Customized Cash Rewards card is built for everyday spending, offering flexible cash back with no annual fee and easy control over how rewards are earned.
Customizable Bonus Categories
Bank of America® Customized Cash Rewards lets you choose your 3% cash back category each month from options like gas, online shopping, dining, travel, drugstores, or home improvement. Adapt your rewards to match your spending patterns and maximize earnings.
Grocery Store Rewards
Earn 2% cash back at grocery stores and wholesale clubs for the first $2,500 in combined choice category and grocery store quarterly purchases. This helps you save on essential everyday purchases while building rewards consistently.
Welcome Cash Bonus
New cardmembers can earn a cash bonus after making a qualifying purchase within the first 90 days of account opening. Combined with no annual fee, it's an accessible way to start earning rewards immediately.
Preferred Rewards Benefits
Bank of America Preferred Rewards members can boost their rewards by 25%-75% on every purchase. This means your 3% cash back could become up to 5.25% when combined with qualifying banking relationships.
Exploring the Bank of America® Customized Cash Rewards Card
Card overview
The Bank of America® Customized Cash Rewards card offers a flexible cash back model focused on everyday purchases. It allows users to earn rewards across multiple spending types while keeping the program easy to manage.
Customizable cash back structure
The card provides higher cash back in selected categories and steady rewards on other purchases. This structure helps cardholders earn more in areas that matter most to their routine.
Choice of spending category
Cardholders can choose a preferred category for increased cash back, such as gas, online shopping, dining, travel, drug stores, or home-related purchases. During the first year, this category earns an enhanced rate, followed by a standard elevated rate afterward. The category can be updated monthly through online or mobile banking.
Rewards on everyday purchases
Grocery stores and wholesale clubs automatically earn an elevated cash back rate. All other purchases earn unlimited base cash back, ensuring that routine spending continues to generate rewards.
Flexibility in using rewards
Cash back can be redeemed as statement credits or deposits into eligible accounts, according to program terms. New cardholders may also qualify for an online cash rewards bonus after meeting the required spending during the introductory period.
The card includes a low introductory APR offer on purchases and eligible balance transfers for a limited time, followed by a variable APR. Balance transfer fees depend on timing and applicable terms.
Digital tools and account management
Bank of America provides online and mobile banking tools that allow users to track spending, manage payments, view statements, and change their selected cash back category with ease.
Eligible members of the Preferred Rewards® program can earn additional cash back on purchases, further increasing the card’s overall value.
What is the Bank of America® Customized Cash Rewards card?
The Bank of America® Customized Cash Rewards card is a cash back credit card that allows users to customize how they earn rewards based on their spending preferences.
Does the card have an annual fee?
No. The Bank of America® Customized Cash Rewards card is offered with no annual fee.
How does the customizable cash back category work?
Cardholders can choose a preferred spending category to earn higher cash back. This category can be changed once per calendar month using online or mobile banking tools.
Do everyday purchases earn cash back?
Yes. Grocery stores and wholesale clubs earn an automatic elevated cash back rate, while all other purchases earn unlimited base cash back.
How can cash back rewards be redeemed?
Cash back rewards can typically be redeemed as statement credits or deposits into eligible accounts, according to Bank of America program terms.
