Bank of America® Customized Cash Rewards Credit Card
vs. BankAmericard® Credit Card

If you're looking for a Bank of America credit card with no annual fee and a 0% APR introductory period, you may be considering the Bank of America Customized Cash Rewards Credit Card and the BankAmericard Credit Card. The Customized Cash Rewards card is better for earning cash back, with a $200 bonus offer and up to 3% cash back in a chosen category. In contrast, the BankAmericard is more suitable for those seeking a longer break from interest charges, offering 0% intro APR for 18 billing cycles on purchases and balance transfers.

You might prefer the BankAmericard Credit Card if: you're planning a significant purchase or want to transfer balances and would benefit from a longer introductory APR period. With its 0% intro APR for the first 18 billing cycles on both purchases and balance transfers, this card can help you manage large expenses without accruing interest for a year and a half. Keep in mind, though, that after the intro period, a variable APR will apply, and there are balance transfer fees to consider. This card is particularly well-suited for those who are less interested in rewards and more focused on financing options.

You might prefer the Bank of America Customized Cash Rewards Credit Card if: earning cash back on your everyday spending aligns with your financial goals. This card offers 3% cash back in a category of your choice and 2% at grocery stores and wholesale clubs (on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter), plus 1% on all other purchases. While the introductory 0% APR period for purchases and balance transfers is slightly shorter at 15 billing cycles, this card can still provide substantial savings on interest while rewarding your spending habits.

The Bank of America Customized Cash Rewards Credit Card earns a MoneyGeek rating of 3.5 for balance transfers, indicating a solid option in this category. Cardholders enjoy 3% cash back in a category of their choice, such as gas, online shopping, dining, travel, drug stores or home improvement/furnishings, and 2% cash back at grocery stores and wholesale clubs. The 3% and 2% cash back is applicable on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter, then 1%. The card also offers a 0% intro APR for 15 billing cycles on purchases and any balance transfers made within the first 60 days, followed by a variable APR of 18.24% to 28.24%. This card is particularly beneficial for those planning to maximize cash back rewards.

The BankAmericard Credit Card is a straightforward financial tool designed for those looking to manage existing debt or avoid interest on new purchases. With a MoneyGeek Balance Transfer Score of 4.1 out of 5, this card stands out in its category for those seeking to consolidate and pay down balances. With no annual fee and a generous 0% APR on purchases and balance transfers for the first 18 billing cycles, its an attractive option for individuals with a recommended credit score of 670 to 850 (good to excellent). While it doesn't offer rewards, its value lies in its potential to reduce interest costs and simplify payments.

We compare APRs, fees, required credit, rewards, introductory offers and other features. This side-by-side analysis enables you to weigh the financial benefits and costs of each card. For instance, if you frequently dine out, the Customized Cash Rewards card's option to earn 3% cash back on dining could be your best choice. Conversely, if you're planning a balance transfer and want a longer introductory APR period, the BankAmericard might be more appealing. Use this section to align the card's benefits with your spending habits and financial goals.