The Bank of America® Customized Cash Rewards Credit Card offers increased rewards in a category of your choice, plus up to a 75% boost to your rewards if you have Bank of America Preferred Rewards with Platinum Honors status. The card has no annual fee.
You’ll get 3% base cash back on an eligible category of your choice. Categories include gas and EV charging stations; online shopping, including cable, internet, phone plans and streaming; dining; travel; drug stores and pharmacies; or home improvement and furnishings. Plus you’ll get 2% back at grocery stores and wholesale clubs and 1% on purchases everywhere else. 3% and 2% category rewards are limited to a combined $2,500 in spending each quarter.
The card doesn’t feature any notable benefits.
Annual fee: $0
This is a direct bank link. All information about the Bank of America® Customized Cash Rewards credit card has been collected independently by cardsandpoints.com.
Bank of America® Customized Cash Rewards credit card sign-up bonus
$200 Online Bonus after making at least $1,000 in purchases in the first 90 days of account opening.
The bonus is about average for a card with no annual fee.
More about this card
Benefit highlights:
Extended warranty.
Rewards:
3% cash back in a select category of your choice: gas and EV charging stations, online shopping/cable/streaming/internet/phone plan, dining, travel, drug store/pharmacy, or home improvement/furnishings.
2% cash back at grocery stores and wholesale clubs.
Bonus rewards in 2% and 3% categories are limited to the first $2,500 in spending each quarter. Additional purchases earn 1% cash back
1% cash back on all other purchases.
Rewards get multiplied by up to 1.75x depending on your Bank of America Preferred Rewards status.
Learn more:
Learn more about the card in our review of the Customized Cash.
Read more about the Bank of America Preferred Rewards program.
Bank of America® Customized Cash Rewards credit card at a glance
Here’s what you need to know about the Bank of America® Customized Cash Rewards credit card.
Rewards
| 3%* (Up to 5.25%**) | Select category of your choice. Choose from among: Gas and EV charging stations. Online shopping, including cable, internet, phone plans and streaming. Dining. Travel. Drug stores and pharmacies. Home improvement and furnishings. | |
| 2%* (Up to 3.5%**) | Grocery stores | |
| 2%* (Up to 3.5%**) | Wholesale clubs | |
| 1% (Up to 1.75%**) | Other purchases |
* Earn increased rewards on up to $2,500 in combined purchases each quarter in 2% and 3% categories, then earn unlimited 1% thereafter.
** Get up to a 75% bonus on the rewards you earn if you have Bank of America Preferred Rewards. Gold status gets you a 25% rewards bonus; Platinum gets you a 50% bonus; Platinum Honors gets you a 75% bonus.
Benefits
Bank of America does not provide information about the Bank of America® Customized Cash Rewards credit card’s benefits.
Other important terms
| Annual fee: $0 | |
| Foreign transaction fee: 3% |
My take on the Bank of America® Customized Cash Rewards credit card
By itself, the Bank of America® Customized Cash Rewards credit card’s rewards aren’t terribly compelling. Your 3% and 2% cash back rewards are cumulatively capped at $2,500 in combined purchases each quarter. And you can easily earn 3% or better rewards on gas & EV charging, online shopping, dining, travel, drugstores, and home improvement stores with another card.
Of course, you can also earn 2% rewards anywhere, without limits, on other cards. And the card doesn’t have (or at least Bank of America doesn’t make information available about) any benefits of note.
So why would you pick up the Bank of America® Customized Cash Rewards credit card? If you hold enough assets with Bank of America to qualify for its Preferred Rewards program, you’ll get a multiplier on your credit card rewards. If you hold $100,000 or more in assets with Bank of America, you’ll qualify for the Platinum Honors tier, which offers a 75% rewards bonus.
| Preferred rewards status: | Gold | Platinum | Platinum Honors Diamond |
|---|---|---|---|
| Reward bonus: | 25% | 50% | 75% |
| 3% rewards becomes…. | 3.75% | 4.5% | 5.25% |
| 2% rewards becomes… | 2.5% | 3% | 3.5% |
| 1% rewards becomes… | 1.25% | 1.5% | 1.75% |
Having the Platinum Honors tier of Bank of America Preferred Rewards would turn the card’s 3% rewards categories into 5.25% rewards and the card’s 2% rewards into 3.5% rewards. Suddenly an otherwise unremarkable card becomes one of the best cards in its bonus categories.
Pair the card with a Bank of America® Unlimited Cash Rewards credit card, and you’ve got a decent two-card wallet to earn cash back. However, those probably won’t be the only two cards you’ll want to carry. You’ll need to add another card to your wallet if you’re looking for benefits like extended warranty or cell phone protection.
Welcome bonus
Annual fee: $0
This is a direct bank link. All information about the Bank of America® Customized Cash Rewards credit card has been collected independently by cardsandpoints.com.
Bank of America® Customized Cash Rewards credit card sign-up bonus
$200 Online Bonus after making at least $1,000 in purchases in the first 90 days of account opening.
The bonus is about average for a card with no annual fee.
More about this card
Benefit highlights:
Extended warranty.
Rewards:
3% cash back in a select category of your choice: gas and EV charging stations, online shopping/cable/streaming/internet/phone plan, dining, travel, drug store/pharmacy, or home improvement/furnishings.
2% cash back at grocery stores and wholesale clubs.
Bonus rewards in 2% and 3% categories are limited to the first $2,500 in spending each quarter. Additional purchases earn 1% cash back
1% cash back on all other purchases.
Rewards get multiplied by up to 1.75x depending on your Bank of America Preferred Rewards status.
Learn more:
Learn more about the card in our review of the Customized Cash.
Read more about the Bank of America Preferred Rewards program.
Bank of America® Customized Cash Rewards credit card rewards
| 3%* (Up to 5.25%**) | Select category of your choice. Choose from among: Gas and EV charging stations. Online shopping, including cable, internet, phone plans and streaming. Dining. Travel. Drug stores and pharmacies. Home improvement and furnishings. | |
| 2%* (Up to 3.5%**) | Grocery stores | |
| 2%* (Up to 3.5%**) | Wholesale clubs | |
| 1% (Up to 1.75%**) | Other purchases |
* Earn increased rewards on up to $2,500 in combined purchases each quarter in 2% and 3% categories, then earn unlimited 1% thereafter.
** Get up to a 75% bonus on the rewards you earn if you have Bank of America Preferred Rewards. Gold status gets you a 25% rewards bonus; Platinum gets you a 50% bonus; Platinum Honors gets you a 75% bonus.
Benefits of the Bank of America® Customized Cash Rewards credit card
Bank of America doesn’t advertise any notable benefits of the Customized Cash Rewards credit card. Your card may include benefits, which will be detailed in the Guide to Benefits you receive with your card.
