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.
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- 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
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.
