Bank of America Customized Cash Rewards
No fee
Bank of America
Bank of America Customized Cash Rewards
4.3
(1,678 reviews)cashback
Reviewed by CardCompare Editorial Board
|CFP-reviewed|Updated April 2026Choose your own 3% cash back category — gas, online shopping, dining, travel, drug stores, or home improvement — and earn 2% at grocery stores and wholesale clubs (up to 2,500 dollars combined per quarter). Bank of America Preferred Rewards members earn up to 75% more cash back, making this a powerhouse for existing BoA customers.
Annual Fee
No annual fee
Purchase APR
16.49% – 26.49%
Rewards
1% base rate
Sign-Up Bonus
$200 value
Credit Score
Good (670-749)
Foreign Txn Fee
3%
Who Should Get This Card
The Bank of America Customized Cash Rewards is best suited for established credit users who bank of america customers who want category flexibility. With no annual fee, there's zero cost to keep it in your wallet long-term.
This card is great if you…
- Choose your own 3% category
- No annual fee
- Intro APR offer
- Bank of America customers who want category flexibility
Consider another card if you…
- 3% foreign transaction fee
- 3% category cap ($2,500/quarter)
- Only 1% base rate
Rewards Breakdown
3% in your chosen category, 2% groceries & wholesale, 1% everything else
| Category | Rate |
|---|---|
| Your Choice (gas, online, dining, travel, etc.) | 3% |
| Groceries & Wholesale | 2% |
| Everything else | 1% |
Rewards Distribution
3%
top rate
Your Choice (gas, online, dining, travel, etc.)3%50%
Groceries & Wholesale2%33%
Everything else1%17%
Sign-Up Bonus
$200 after spending $1,000 in 3 months
Fees & APR
| Annual Fee | No annual fee |
| Purchase APR | 16.49% – 26.49% |
| Intro APR (Purchases) | 0% for 15 months |
| Intro APR (Balance Transfer) | 0% for 15 months |
| Balance Transfer Fee | 3% |
| Foreign Transaction Fee | 3% |
| Late Fee | Up to $40 |
Pros & Cons
Choose your own 3% category
No annual fee
Intro APR offer
Preferred Rewards boosts rates up to 5.25%
3% foreign transaction fee
3% category cap ($2,500/quarter)
Only 1% base rate
The Bottom Line
The Good: The Bank of America Customized Cash Rewards stands out for its choose your own 3% category. The welcome bonus worth $200 adds significant first-year value.
The Not So Good: 3% foreign transaction fee.
Our Verdict: The Bank of America Customized Cash Rewards scores 7/10 — a solid option for bank of america customers who want category flexibility. With no annual fee, there's no risk in trying it.
Frequently Asked Questions
What is the annual fee for the Bank of America Customized Cash Rewards?▾
The Bank of America Customized Cash Rewards has no annual fee — you'll never be charged just for keeping the card open.
What is the sign-up bonus for the Bank of America Customized Cash Rewards?▾
The Bank of America Customized Cash Rewards currently offers a sign-up bonus worth approximately $200. $200 after spending $1,000 in 3 months Terms apply — always verify the current offer directly with the issuer.
How do the rewards work on the Bank of America Customized Cash Rewards?▾
The Bank of America Customized Cash Rewards earns 1% on all purchases, and up to 3% in select bonus categories. Rewards are earned as cash back credited to your statement.
What credit score do I need for the Bank of America Customized Cash Rewards?▾
The Bank of America Customized Cash Rewards is recommended for applicants with good (670-749) credit. Approval is not guaranteed and depends on your full credit profile.
Does the Bank of America Customized Cash Rewards charge a foreign transaction fee?▾
Yes, the Bank of America Customized Cash Rewards charges a 3% foreign transaction fee on purchases processed outside the U.S.
What is the APR on the Bank of America Customized Cash Rewards?▾
The Bank of America Customized Cash Rewards has a variable purchase APR of 16.49% – 26.49%, with a 0% intro APR for the first 15 months. If you carry a balance, interest charges can quickly outweigh any rewards earned.
Who is the Bank of America Customized Cash Rewards best for?▾
The Bank of America Customized Cash Rewards is best for Bank of America customers who want category flexibility. A key advantage: choose your own 3% category.
Customer Reviews
4.5
1,678 reviews
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Charles F.Verified CardholderOct 28, 2026
Love the flexibility
Being able to choose your 3% category each month is great. I switch between gas and online shopping depending on my spending.
MD
Michelle D.Verified CardholderSep 15, 2026
Even better with Preferred Rewards
If you have $100K+ with BofA/Merrill, the rates jump to 5.25%/3.5%/1.75%. That makes it one of the best cash back cards available.
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