Looking for a card that adapts to how you spend? The Bank of America® Customized Cash Rewards offers up to 3% cash back in the category of your choice, plus no annual fee, a solid welcome bonus, and even higher rewards for Preferred Rewards clients. It’s built for flexibility — and for maximizing your most frequent expenses.
What is the Bank of America® Customized Cash Rewards Card?
The Customized Cash Rewards card is a no-annual-fee cashback card that lets you choose where you earn the most. Every month, you can select (or stick with) one category to earn 3% back, such as:
- Online shopping
- Dining
- Travel
- Gas stations
- Drug stores
- Home improvement/furnishings
You also earn 2% at grocery stores and wholesale clubs, and 1% on all other purchases — making it a strong choice for those who value control and everyday utility.
Key Features and Benefits of the Customized Cash Rewards Card
1. Choose Your 3% Category
Pick one of these categories to earn 3% cash back, with the ability to change it once per calendar month via app or website:
- Gas
- Online shopping
- Dining
- Travel
- Drug stores
- Home improvement/furnishings
Perfect if your spending patterns vary by season, life stage, or projects.
2. 2% Back at Grocery Stores & Wholesale Clubs
Earn 2% automatically at grocery stores and select warehouse clubs like Sam’s Club or Costco (depending on location).
3. 1% on All Other Purchases
Everything else earns a flat 1% — no exclusions, no cap.
4. $2,500 Quarterly Cap on Bonus Categories
The 3% and 2% categories apply to the first $2,500 in combined spending each quarter. After that, you earn 1% on those purchases.
5. $200 Online Cash Rewards Bonus
Get a $200 cash bonus after you make $1,000 in purchases within the first 90 days. A competitive offer for a no-annual-fee card.
6. $0 Annual Fee
Enjoy the full benefit of your rewards with no annual cost to carry the card.
7. Preferred Rewards = Up to 5.25% Back
If you’re part of Bank of America’s Preferred Rewards Program, your cashback multiplier increases by:
- 25% (Gold Tier) → 3.75%
- 50% (Platinum) → 4.5%
- 75% (Platinum Honors) → 5.25%
This benefit applies to all 3% / 2% / 1% tiers, dramatically increasing your return potential — especially if you concentrate spending in your custom category.
8. Flexible Redemption Options
Redeem your cash rewards as:
- Statement credits
- Direct deposits into Bank of America or Merrill accounts
- Contributions to eligible investment accounts
- Automatic monthly redemption (optional)
Rewards never expire as long as your account is open and in good standing.
9. 0% Intro APR Offer
- 0% APR for 15 billing cycles on purchases and balance transfers
- After that, a variable APR applies
- Balance transfers must be made within 60 days (3% fee applies)
10. Digital Wallet and Security Features
- Compatible with Apple Pay®, Google Pay™, Samsung Pay™
- $0 Fraud Liability
- FICO® Score access
- Card lock/unlock, alerts, and virtual card controls
Important Considerations Before Applying
- Quarterly cap: The 3% + 2% earnings are limited to $2,500 combined spend per quarter — after that, purchases drop to 1%.
- Category must be selected manually: Default is “gas stations” unless changed. You’ll need to adjust monthly if your top spending category varies.
- Foreign transaction fee: 3% applies on international purchases — not ideal for use abroad.
How to Apply for the Customized Cash Rewards Card
1. Visit bankofamerica.com
Navigate to the Customized Cash Rewards card under “Cash Back Credit Cards.”
2. Review the Current Bonus Offer
Confirm the welcome bonus, preferred rewards tier multipliers, and APR terms.
3. Click “Apply Now”
Enter your personal, income, and housing details in the secure application.
4. Wait for Approval
Many applicants receive instant approval. Once approved, your card typically ships in 5–10 business days.
Conclusion: Is the Customized Cash Rewards Card Worth It?
Yes — especially if you want cashback tailored to your lifestyle.
With 3% in a category you control, 2% on groceries/wholesale, and a $200 bonus, this card delivers excellent value. And if you’re a Bank of America or Merrill client, the Preferred Rewards boost can take your return up to 5.25% — outperforming many premium cards, all with no annual fee.
Apply Now and earn smarter cash back — your way, every day.
