Bank of America Customized Cash Rewards Review
Bank of America · Bank of America customers who want category flexibility
Our Expert Verdict
Choose 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.
Pros
- Choose your own 3% category
- No annual fee
- Intro APR offer
- Preferred Rewards boosts rates up to 5.25%
Cons
- 3% foreign transaction fee
- 3% category cap ($2,500/quarter)
- Only 1% base rate
$200 after spending $1,000 in 3 months
Key Benefits & Perks
Rewards Breakdown
| Category | Rate |
|---|---|
| Your Choice (gas, online, dining, travel, etc.) | 3% |
| Groceries & Wholesale | 2% |
| Everything else | 1% |
Ready to apply for the Bank of America Customized Cash Rewards?
Bank of America customers who want category flexibility
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Customer Reviews
2 reviews
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.
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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