Bank of America Customized Cash Rewards Credit Card Review ⏬👇

The Bank of America® Customized Cash Rewards Credit Card offers a flexible cash-back structure tailored to your spending habits, making it a compelling option for those seeking customizable rewards without an annual fee.

Key Features:

Customizable 3% Cash Back Category: Each month, you can select one category to earn 3% cash back. Options include:

Gas and EV charging stations
Online shopping (including cable, internet, phone plans, and streaming)
Dining
Travel
Drug stores and pharmacies
Home improvement and furnishings
This flexibility allows you to align rewards with your changing spending patterns.

Additional Cash Back Rates:

2% at grocery stores and wholesale clubs.
1% on all other purchases.
Note: The 3% and 2% cash back rates apply to the first $2,500 in combined purchases each quarter; beyond this, purchases earn 1% cash back.

Welcome Bonus: Earn a $200 online cash rewards bonus after spending $1,000 in purchases within the first 90 days of account opening.

Introductory APR Offer: 0% introductory APR for 15 billing cycles on purchases and balance transfers made within the first 60 days. After this period, a variable APR of 18.74% – 28.74% applies.

No Annual Fee: Enjoy all these benefits without an annual fee.

Preferred Rewards Program:

If you're a Bank of America Preferred Rewards member, you can earn an additional 25% to 75% more cash back on every purchase, depending on your tier. This means your 3% category could yield up to 5.25% cash back.

Considerations:

Quarterly Spending Cap: The $2,500 quarterly cap on combined 3% and 2% categories may limit rewards for higher spenders.

Foreign Transaction Fee: A 3% fee applies to purchases made outside the U.S., making it less ideal for international use.