Bank of America® Customized Cash Rewards Credit Card
vs. U.S. Bank Cash+® Visa Signature® Card

If you're seeking a rewarding cash back credit card with no annual fee, you may be considering the Bank of America Customized Cash Rewards and the U.S. Bank Cash+® Visa Signature cards. The Bank of America card may be more suitable for consistent spenders on gas and groceries, offering 3% cash back in a chosen category and 2% at grocery stores and wholesale clubs.

By contrast, the U.S. Bank card could be better for maximizing rewards in specific areas, with 5% cash back in two categories of your choice and 2% on your choice of grocery stores, gas, or dining. Both cards tout a $200 bonus after a $1,000 spend in the first 90 days, but the Bank of America card edges out with a slightly lower regular APR range.

You might prefer the Bank of America Customized Cash Rewards if: you like broader custom categories. This card offers a competitive 3% cash back on a category of your choice, such as gas, online shopping, dining, travel, drug stores or home improvement/furnishings, and 2% back at grocery stores and wholesale clubs (on up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases, then 1%). It's a strong contender for those with good to excellent credit looking to maximize their rewards in specific categories.

You might prefer the U.S. Bank Cash+ Visa Signature if: you're looking to customize your cash back rewards even further. This card allows you to choose two categories to earn 5% cash back (on up to $2,000 in combined eligible purchases each quarter) and one everyday category for unlimited 2% cash back. The 5% spending categories include fast food, cell phone providers, utilities, department stores and gym memberships, which are more narrow categories. Have a gadget habit? This card could be great for you as one of the categories is electonics stores. For those who prioritize higher cash back rates in their chosen categories and don't mind a bit more complexity in their rewards program, the U.S. Bank Cash+ Visa Signature could fit your custom category needs better.

The Bank of America Customized Cash Rewards earns a MoneyGeek balance transfer card rating of 3.5 out of 5, reflecting its solid offering 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 This applies to up to $2,500 in combined choice category/grocery store/wholesale club purchases each quarter.

Additionally, the card offers a 0% introductory APR for 15 billing cycles on purchases and any balance transfers made within the first 60 days, followed by a variable APR that ranges from 18.24% to 28.24%. This card is particularly well-suited for individuals with good to excellent credit who want to maximize their cash back on everyday purchases.

The U.S. Bank Cash+ Visa Signature garners attention with its tailored cash back rewards program. Ideal for selective spenders, the card allows you to choose two categories to earn 5% cash back, empowering you to tailor rewards to your lifestyle.

With a 0% introductory APR for the first 15 billing cycles on purchases and balance transfers, it's also a strong contender for those looking to make a large purchase or transfer balances. But note the high regular APR range that follows the introductory period. The U.S. Bank Cash+ Visa Signature is well-suited for users who prefer customized rewards and plan to pay off their balances monthly to avoid higher interest rates.

Our breakdown will help compare APRs, fees, required credit, rewards, introductory offers and other features. For instance, if you frequently spend in specific categories, you might favor a card offering higher cash back in those areas. Conversely, if you're looking to minimize fees, you'll want to note the differences in late payment charges.