Bank of America® Customized Cash Rewards Credit Card

Fees:

  • No annual fee.
  • 3% intro balance transfer fee for the first 60 days, then 4% for future balance transfers.

APR:

  • 0% Introductory APR for 15 billing cycles for purchases and balance transfers made within the first 60 days.
  • Variable APR of 18.49% to 28.49% after the intro period.

Offer:

  • $200 online cash rewards bonus after spending $1,000 in the first 90 days.
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  • 3% cash back in a category of your choice, such as gas, online shopping, dining, or travel.

  • 2% automatic cash back at grocery stores and wholesale clubs.

  • Bank of America Preferred Rewards members can earn 25%-75% more cash back, increasing earning potential.
Features
  • 3% cash back in your choice category (e.g., gas, dining, travel).
  • 2% cash back at grocery stores and wholesale clubs.
  • 1% cash back on all other purchases.
  • Customizable categories that can be changed monthly via online or mobile banking.
  • Intro 0% APR for 15 billing cycles on purchases and qualifying balance transfers.
  • Preferred Rewards members earn an extra 25%-75% cash back.
Details

The Bank of America® Customized Cash Rewards Credit Card is designed for users seeking flexibility in earning rewards. With 3% cash back in a customizable category and 2% back at grocery stores and wholesale clubs, the card allows tailored rewards for up to $2,500 in combined category purchases each quarter. Preferred Rewards members enjoy enhanced earning rates, with bonuses ranging from 25%-75%. Additionally, the card offers a $200 cash bonus after meeting the initial spending requirement and features a 0% intro APR for 15 billing cycles on purchases and balance transfers. With no annual fee, this card is ideal for those seeking customizable rewards and value.

Pros
  • No annual fee.
  • Customizable rewards categories for maximum flexibility.
  • High cash back rates for Preferred Rewards members.
  • Generous $200 signup bonus.
  • 0% intro APR for purchases and balance transfers.
Cons
  • Cash back rates are capped at $2,500 in combined category purchases per quarter.
  • Balance transfers incur fees, even during the intro period.
  • Requires active management to optimize rewards categories.
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Responsible Credit Card Usage

While credit cards can offer convenience and benefits, it’s crucial to use them with caution. Be aware of interest rates, fees, and repayment terms to avoid accumulating unmanageable debt. It’s easy to overspend, so always stay within your budget and aim to pay off your balance in full each month to avoid interest charges. Before choosing a credit card, thoroughly review its terms and conditions directly with the provider and ensure that it aligns with your financial situation and spending habits. Responsible usage is key to maintaining good financial health.

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