Bank of America® Customized Cash Rewards Review

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The Bank of America® Customized Cash Rewards Credit Card offers 3% cashback on a select category, 2% cash back at grocery stores and wholesale clubs, and 1% cash back everywhere else.

No Annual Fee
Bank of America® Customized Cash Rewards
  • bonus_miles_full
  • 3% Cash Back in One Category (gas, online shopping, dining, travel, drug stores, or home improvement/furnishings)
  • 2% Back at Grocery Stores and Wholesale Clubs
  • 25% to 75% More Earnings for Preferred Rewards Members
  • No Annual Fee
Learn More Our Review

Welcome Bonus

The Customized Cash Rewards currently offers the following welcome bonus:

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Earning Cash Back

The Customized Cash Rewards earns cash back at the following rates:

  • 3% cash back in the category of your choice: gas, EV charging, online shopping, dining, travel, drug stores, or home improvement/furnishings;
  • 2% cash back at grocery stores and wholesale clubs; and 
  • 1% cash back on all other purchases.

However, the 3% and 2% cash back are each capped at $2,500 in combined spending during each quarter. After that, you will only earn 1% cash back. 

Extra Points with Preferred Rewards

Members of the Preferred Rewards program earn 25% to 75% more cashback on every purchase based on the amount of money in Bank of America banking and/or Merrill Investment accounts. 

Gold ($20,000 to $49,999) = 25% rewards boost.

Platinum ($50,000 to $99,999) = 50% rewards boost.

Platinum Honors ($100,000+) = 75% rewards boost.

Cash Rewards Card Benefits

The Cash Rewards card does not offer many benefits. If you use the card outside the U.S., you will incur a 3% foreign transaction fee.

The Cash Rewards card does offer an additional year extended warranty on eligible items purchased with the card.

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