Bank of America® Customized Cash Rewards Credit Card
VisaIssued by Bank of America
6% in a category of your choice, 2% at groceries/wholesale clubs, 1% elsewhere.
ANNUAL FEE
$0
No annual fee for this card.
PURCHASE APR
17.49% – 27.49%
0% intro APR for 15 months. Rate based on Prime Rate and Creditworthiness.
SIGN-UP BONUS
200
Online $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of your account opening.
TOP CASH BACK
6%
6% cash back in your choice of: Gas & EV Charging, Online Shopping (incl. Streaming), Dining, Travel, Drug Stores, or Home Improvement.
Key Benefits
- Choose your 3% cash back category
- No annual fee
- Contactless payment and digital wallet support
- Fraud monitoring and $0 Liability Guarantee
- FICO® Score for free via Mobile Banking app
Important Limitations
- International travel (3% foreign transaction fee)
- Spending over the $2,500 quarterly cap
- Wholesale club spend (better cards exist for >2%)
Rewards Structure
| Purchase Category | Rate | Annual Limits | Details |
|---|---|---|---|
| Choice Category | 6% | Unlimited (no annual cap) (then drops to 0.01) | 6% cash back in your choice of: Gas & EV Charging, Online Shopping (incl. Streaming), Dining, Travel, Drug Stores, or Home Improvement. |
| Grocery Stores | 2% | Unlimited (no annual cap) (then drops to 0.01) | 2% cash back at grocery stores |
| Wholesale Clubs | 2% | Unlimited (no annual cap) (then drops to 0.01) | 2% cash back at wholesale clubs. |
| All | 1% | Unlimited (no annual cap) | Unlimited 1% cash back on all other purchases. |
Fees & APR
ANNUAL FEE
$0
INTRO APR (15 MONTHS)
0%
REGULAR PURCHASE APR
17.49% – 27.49%
CASH ADVANCE APR
20.49% – 28.49%
FOREIGN TRANSACTION FEE
3%
LATE PAYMENT FEE
$40
BALANCE TRANSFER FEE
$10 OR 5%
CASH ADVANCE FEE
$10 OR 5%
Card Protection & Benefits
Preferred Rewards Bonus
- ✓Bank of America Preferred Rewards® members can earn a 25% to 75% rewards bonus on every purchase.
- ✓Must have an active Bank of America checking account
- ✓Must meet 3-month average combined balance requirements
- ✓Bonus does not apply to the 3% first-year welcome offer
Balance Connect® for Overdraft Protection
- ✓Optional service to help prevent declined purchases by linking your credit card to your Bank of America checking account.
- ✓Must link eligible Bank of America checking account
- ✓Overdraft transfers are treated as cash advances and accrue interest
Security Features
- ✓$0 Liability Guarantee – Zero liability for fraudulent charges reported promptly.
Best Use Cases
IDEAL FOR
- Flexible cash back
- Online shopping
- Bank of America banking customers
- Gas and EV charging
NOT RECOMMENDED FOR
- International travel (3% foreign transaction fee)
- Spending over the $2,500 quarterly cap
- Wholesale club spend (better cards exist for >2%)
Maximize Your Rewards Strategy
Months 1–3: Hit the Bonus
- Spend $1,000.00 to unlock $200.00 bonus
- Effective 20% return on first $1,000.00
- Time large purchases strategically
- Track progress toward spending goal
- Don't overspend just for the bonus
Months 1–15: Use 0% APR
- Finance large purchases interest-free
- Spread purchases over months
- Create payment plan before month 16
- Avoid 17.49% – 27.49% APR kicking in
- Calculate monthly payments needed
Earn More Cash Back
- 6% on Choice Category
- 2% on Grocery Stores
- 2% on Wholesale Clubs
- Set up autopay to avoid late fees
- Review partner programs for bonus opportunities
Ongoing: Optimize Categories
- Prioritize highest-rate qualifying expenses first
- Monitor any annual spending thresholds
- Redeem cash back at minimum thresholds
- Set up autopay to avoid late fees
- Review new offers each year
Customer Support:
1-800-932-2775
Last updated: Mar 17, 2026
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