Best customizable cash-back card Show
If you find that other cash-back cards don’t exactly match your lifestyle and spending habits, you’ll like the flexibility of the Bank of America® Customized Cash Rewards credit card. You have the power to pick your bonus category each month, which can appeal to those who don’t have traditional spending habits. (Partner offer)
At a glanceRewards Rates
Intro Offer $200 $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening Ongoing Penalty APR Up to 29.99% APR Ongoing Cash Advance APR See Terms Ongoing Balance Transfer APR 16.99% - 26.99% Variable APR on purchases and balance transfers Introductory Balance Transfer APR 0% Intro APR for 18 billing cycles for any BTs made in the first 60 days. A 3% fee (min. $10) applies. Ongoing Purchases APR 16.99% - 26.99% Variable APR on purchases and balance transfers Introductory Purchases APR 0% Intro APR for 18 billing cycles for purchases Recommended Credit 670-850 Excellent/Good More details
At a glanceRewards Rates
Intro Offer $200 $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening Ongoing Penalty APR Up to 29.99% APR Ongoing Cash Advance APR See Terms Ongoing Balance Transfer APR 16.99% - 26.99% Variable APR on purchases and balance transfers Introductory Balance Transfer APR 0% Intro APR for 18 billing cycles for any BTs made in the first 60 days. A 3% fee (min. $10) applies. Ongoing Purchases APR 16.99% - 26.99% Variable APR on purchases and balance transfers Introductory Purchases APR 0% Intro APR for 18 billing cycles for purchases Recommended Credit 670-850 Excellent/Good More details
Our TakeOverviewThe Bank of America Customized Cash Rewards card empowers the cardholder to choose their bonus category each quarter (to earn 3% cash back on up to $2,500 in combined purchases per quarter). Pros
Cons
Who is this card good for?The best candidate for this cash-back card would be someone who already owns a checking or savings account with Bank of America and want to apply for their first no-annual-fee cash-back credit card. That’s because the rewards add up even more if you’re eligible for the Bank of America Preferred Rewards program. You’ll qualify for the lowest level (Gold) if you have $20,000 to $49,999 in your Bank of America deposit accounts, which will get you a 25% points bonus on all your purchases. The highest tier in this program offers a whopping 75% more points than the current rates, meaning this card will provide tremendous value on your everyday purchases for Bank of America fans.
Earning RewardsWith a 3%/2%/1% rewards scheme, you get to pick where you spend the most each quarter from gas, online shopping, dining, travel, drug stores or home improvements and furnishing. Regardless of which category you pick, you can earn 3% cash back and furthermore, this credit card is a fantastic everyday card, thanks to its 2% rewards rate at grocery stores and wholesale clubs (3% and 2% applies to the first $2,500 in combined choice category/grocery/wholesale club purchases spent each quarter; then 1%). Frequently asked questions
Keep readingWhat is considered travel for Bank of America Cash Rewards?The Bank of America® Travel Rewards credit card counts as travel everything from airfare, hotel reservations and car rentals to toll fares, tickets to tourist attractions, and rideshare services. Travel-related goods and services must be categorized with an eligible merchant category code to count as a travel purchase.
What is travel category bofa?The travel category is broad and includes purchases made with merchants like Airbnb, Uber and select airlines and hotels.
What qualifies as travel for Bank of America credit card?Use your Bank of America® Travel Rewards credit card to book travel however you want, and then redeem points for credit on your statement against those travel purchases. You can use points to cover expenses like flights, hotels, vacation packages, cruises, rental cars, baggage fees and more.
What are Bank of America rewards categories?Earn 3% on purchases in one of the eligible categories you choose*: gas (default), online shopping, dining, travel, drug stores or home improvement/furnishings. Choice category can be changed once per calendar month. As long as your account remains in good standing, Cash Rewards do not expire.
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