Best customizable cash-back card

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 glance

  • 3% Earn 3% cash back in the category of your choice (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases).
  • 2% Earn automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases).
  • 1% Earn unlimited 1% on all other purchases.
$200
$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening
Up to 29.99% APR
See Terms
16.24% - 26.24% Variable APR on purchases and balance transfers
0% Intro APR for 18 billing cycles for any BTs made in the first 60 days. A 3% fee (min. $10) applies.
16.24% - 26.24% Variable APR on purchases and balance transfers
0% Intro APR for 18 billing cycles for purchases
$0
  • $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.

At a glance

  • 3% Earn 3% cash back in the category of your choice (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases).
  • 2% Earn automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases).
  • 1% Earn unlimited 1% on all other purchases.
$200
$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening
Up to 29.99% APR
See Terms
16.24% - 26.24% Variable APR on purchases and balance transfers
0% Intro APR for 18 billing cycles for any BTs made in the first 60 days. A 3% fee (min. $10) applies.
16.24% - 26.24% Variable APR on purchases and balance transfers
0% Intro APR for 18 billing cycles for purchases
$0
  • $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.
  • New longer intro period! 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 16.24% - 26.24% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers.
  • 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.

Our Take

TPG Editor's Rating

tooltip icon
3.5/5

Overview

The 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

  • Flexible earning structure (3% cash back in the category of your choice and 2% at grocery stores and wholesale clubs); up to $2,500 in combined purchases per quarter (then 1%)
  • No annual fee or expiration on rewards
  • $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening

Cons

  • Maximum $2,500 in combined choice category/grocery store/wholesale club purchases each quarter, then 1%
  • 3% foreign transaction fee

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 Rewards

With 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

  • Is the Bank of America Customized Cash Rewards credit card worth it?

    With no annual fee, you’re only gaining from this lucrative card that lets you customize your bonus categories based on your lifestyle. While everyone can benefit having the Bank of America Customized Cash Rewards card, existing Bank of America members who qualify for the Preferred Rewards program will find even more value by owning this card, since you can earn 25% to 75% more points on all your purchases.

  • How long does it take to get the Bank of America Customized Cash Rewards credit card?

    You can expect to receive your card within 10 days of application approval. Upon receiving your card, you will have to activate it on your Bank of America mobile banking app, on Bank of America’s credit card activation website or by calling the number on the back of the credit card.

Keep reading