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Credit Card Review🎯 Most Customizable

Bank of America® Customized Cash Rewards

Issued by Bank of America

3% in your choice category, 2% at grocery stores & wholesale clubs (up to $2,500/qtr combined), 1% on all other purchases — plus $200 cash rewards bonus after $1,000 spend in first 90 days.

At a Glance

Annual Fee

$0

Purchase APR

17.49%–27.49%

Rewards Rate

3% in your choice category, 2% at grocery stores & wholesale clubs (up to $2,500/qtr combined), 1% on all other purchases

Min. Credit Score

670+ (est.)

Intro APR

0% on purchases & balance transfers for 15 billing cycles

Sign-Up Bonus

$200 cash rewards bonus after $1,000 spend in first 90 days

Rates & Fees

Annual Fee

$0

Purchase APR

17.49%–27.49% variable

Intro APR

0% on purchases & balance transfers for 15 billing cycles

Foreign Transaction Fee

3%

Balance Transfer Fee

3% intro during the first 15 billing cycles, then up to 4%

Cash Advance Fee

Up to 5% or $10 minimum, whichever is greater

Late Payment Fee

Up to $40

Estimate Your Rewards

See how this card fits your monthly spending

Enter your typical monthly spend by category to see roughly what the Bank of America® Customized Cash Rewards would earn you per year (this doesn't include any one-time sign-up bonus).

$/mo
$0/mo$1,500/mo
$/mo
$0/mo$1,500/mo
$/mo
$0/mo$1,500/mo
$/mo
$0/mo$1,500/mo
$/mo
$0/mo$1,500/mo
$/mo
$0/mo$3,000/mo

Note: Also earns 3% in a category you choose (gas, online shopping, dining, travel, drugstores, or home improvement), combined with the grocery bonus up to $2,500/quarter — pick your category on the issuer's site; not modeled here since it's user-selected.

Est. Annual Rewards

$294/yr

After $0 Annual Fee

$294/yr

Based On

$1,950/mo

Key Features

Choose your 3% category: gas, online shopping, dining, travel, drug stores, or home improvement

Bank of America Preferred Rewards members earn 25–75% more cash back

No annual fee

Pros & Cons

Pros

  • Highest intro APR period (15 months) among major no-fee cards
  • Preferred Rewards can boost to 5.25% in chosen category
  • Flexible 3% category choice

Tradeoffs

  • $2,500 quarterly cap on bonus categories
  • Requires BofA relationship for best rewards boost
  • 3% foreign transaction fee

How to Apply

Check whether your credit profile is a reasonable fit — Bank of America generally looks for applicants around 670+ FICO for the Bank of America® Customized Cash Rewards, alongside income and existing debt.

Gather your Social Security number, annual income, housing payment, and employer details before starting the application.

Apply directly through Bank of America's official site or app to make sure you're getting current, accurate offer terms.

Most issuers give an instant decision online; some applications are sent to manual review, which can take 7–10 business days.

If approved, activate the card and set up autopay before your first statement is due to avoid a late payment.

How It Compares

Current product highlighted
ProductAnnual FeePurchase APRRewards Rate
Bank of America® Customized Cash Rewards$017.49%–27.49%3% in your choice category, 2% at grocery stores & wholesale clubs (up to $2,500/qtr combined), 1% on all other purchases
Citi Double Cash® Card$017.49%–27.49%2% on everything (1% when you buy + 1% when you pay)
American Express® Gold Card$32519.49%–28.49%4x restaurants (up to $50k/yr) & US supermarkets (up to $25k/yr), 5x prepaid hotels, 3x flights
Discover it® Cash Back$017.49%–26.49%5% in rotating quarterly categories (up to $1,500/qtr), 1% everything else

Frequently Asked Questions

What credit score do I need for the Bank of America® Customized Cash Rewards?

Bank of America generally looks for applicants with a credit score around 670+ for the Bank of America® Customized Cash Rewards, though approval also depends on your income, existing debt, and overall credit profile — not credit score alone.

What's the annual fee on the Bank of America® Customized Cash Rewards?

The Bank of America® Customized Cash Rewards has no annual fee, so there's no ongoing cost to keep the card open.

Does the Bank of America® Customized Cash Rewards have a sign-up bonus?

Yes — new cardholders can currently earn $200 cash rewards bonus after $1,000 spend in first 90 days. Bonus terms and required spend change over time, so confirm the current offer on Bank of America's site before applying.

What fees should I watch for on the Bank of America® Customized Cash Rewards?

Beyond the annual fee, check the foreign transaction fee (3%), balance transfer fee (3% intro during the first 15 billing cycles, then up to 4%), cash advance fee (Up to 5% or $10 minimum, whichever is greater), and late payment fee (Up to $40). These matter most if you carry a balance, transfer debt, or use the card internationally.

How does the Bank of America® Customized Cash Rewards compare to similar cards?

The Bank of America® Customized Cash Rewards is one of several cashback cards worth comparing side by side — see the "How It Compares" table on this page for a few close alternatives, or browse the full list of cashback cards for more options.

Other Credit Cards

Citi Double Cash® Card

2% on everything (1% when you buy + 1% when you pay)

American Express® Gold Card

4x restaurants (up to $50k/yr) & US supermarkets (up to $25k/yr), 5x prepaid hotels, 3x flights

Discover it® Cash Back

5% in rotating quarterly categories (up to $1,500/qtr), 1% everything else

Rates, fees, and rewards shown are illustrative as of 2026 and subject to change — always confirm current terms directly with the issuer before applying.

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