- Sign-Up Bonus
- 4
- Spending Multipliers
- 4
- Credits & Features
- 3
- Fees
- 4.5
- Application
- 5
- Issuer
- 4
Summary
- Sign-Up Bonus
- 4
- Spending Multipliers
- 4
- Credits & Features
- 3
- Fees
- 4.5
- Application
- 5
- Issuer
- 4
The Bank of America Customized Cash Rewards credit card is a versatile cash back card designed for everyday spenders who want control over their rewards, making it ideal for students, families, and budget-conscious consumers. With no annual fee, cardholders can choose a 3% cash back category that best fits their lifestyle—options include gas, online shopping, dining, travel, streaming services, and more—and earn double points in that category during the first year. While the card offers flexibility, it comes with a $2,500 combined quarterly cap on elevated rewards, a 1% catch-all rate on other purchases, and a 3% foreign transaction fee, so it’s best for U.S.-based spenders who can maximize their selected bonus category. This card is perfect for those who want a customizable, low-cost cash back solution that rewards their specific spending habits.
Pros
Cons
Issuer
Bank of America, founded in 1904 as Bank of Italy, has evolved into the second-largest US bank with a global presence in over 35 countries. Despite a disruptive history, including legal challenges related to risky mortgage loans, the bank remains a leading global financial institution, offering a comprehensive range of products such as credit cards, checking, savings, loans, investments, and business services. While recently announcing a departure from subprime lending in mortgage and auto loans, Bank of America continues to provide credit cards for various credit profiles. However, to qualify for the most rewarding cards with optimal benefits, an excellent credit score is usually required. Nevertheless, Bank of America is prioritizing financial stability with over $3.4 trillion in total assets and $192 billion in annual revenue in 2025. In addition, Bank of America is committed to innovation, investing significantly in AI and technology. Aligned with a global CSR strategy, it aims to achieve net-zero greenhouse gas emissions by 2050. Operating approximately 3,900 financial centers, the bank provides accessibility through digital banking and physical locations, catering to a diverse customer base. Upholding a mission to improve financial lives, Bank of America values responsible growth, collaboration, and trust within its team, adhering to regulatory standards as an FDIC insured and equal housing lender.
Spending Multipliers
3%
Cash Back on your selected category
2%
Cash Back on groceries
2%
Cash Back at wholesale clubs
1%
Cash Back on all other purchases
Credits & Features
Application
- Ability to get some BoA cards without a SSN or credit history
- BoA has a 2/3/4 role, meaning you can only be approved for 2 cards in 2 months, 3 cards in 12 months, and 4 cads in 24 months
- You cannot get this card if you currently have or have had it in the past 24 months
Fees
- No Annual Fee
- 3% Foreign Transaction Fee
- Up to $41 late fee
- 17.49% - 27.49% Variable APR
- 29.24% APR for Cash Advance
- 5% of each cash advance transaction
- 17.49% - 27.49% APR for Balance Transfer
- 5% of each transfer amount