Blue Cash Everyday® Card From American Express
vs. Bank of America® Customized Cash Rewards Credit Card

Updated: June 6, 2024

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The Blue Cash Everyday® Card from American Express and the Bank of America Customized Cash Rewards Credit Card entice with no annual fees and appealing cash back rewards. If you're drawn to customizable categories and the potential for higher cash back with Bank of America's Preferred Rewards, the BofA Customized Cash card may be superior.

However, the Blue Cash Everyday card is still a strong contender, especially with its 3% cash back at U.S. supermarkets, online retailers and gas stations, which could align well with your regular spending.

Credit Card logo for Blue Cash Everyday® Card From American Express
Blue Cash Everyday® Card From American Express
Credit Card logo for Bank of America® Customized Cash Rewards Credit Card
Bank of America® Customized Cash Rewards Credit Card
MoneyGeek Rating
3.7/ of 5
MoneyGeek Rating
3.7/ of 5

  • Regular APR
    19.24%–29.99% variable
    18.24%–28.24% variable APR on purchases and balance transfers
    0% APR Offer
    0% for 15 months on purchases
    0% intro for 15 billing cycles
    Intro Offer
    Earn $200
    Earn $200 online cash rewards
    Rewards Summary
    Earn 1%–3% cash back
    Earn 1% – 3% cash back
    Balance Transfer Offer
    0% for 15 months on balance transfers
    0% intro for 15 billing cycles for any balance transfers made in the first 60 days
    Balance Transfer Fee
    Either $5 or 3% of the amount of each transfer, whichever is greater
    3% of the amount of each transaction
    Annual Fee
    $0
    $0
    Recommended Credit
    670–850 (Good to Excellent)
    670–850 (Good to Excellent)
    Penalty APR
    29.99% variable, can last over six months
    Up to 29.99% variable APR
    Not sure?

Which Card Is Better for You?

You might prefer the BofA Customized Cash if you value flexibility in your rewards. Choose your own 3% cash back category to align with your highest spending area each quarter, and if you're a Preferred Rewards member, enjoy even greater returns. This card adapts to your spending habits, offering a tailored approach to cash back.

You might prefer the Blue Cash Everyday if your spending is concentrated at U.S. supermarkets, online retail or gas stations. With higher cash back limits in these categories, you can maximize rewards where it counts. Additionally, take advantage of unique offers like credits for the Disney Bundle and Home Chef meal kits, adding extra value to your everyday purchases.

Head-to-Head Comparison: Card Details and Features

Evaluating features like APRs, fees, credit requirements, rewards and introductory offers helps in decision-making. This side-by-side analysis of the Blue Cash Everyday and BofA Customized Cash empowers you to pinpoint which card is for you

    discount icon

    Regular APR: BofA Customized Cash

    The BofA Customized Cash offers a more favorable APR range starting at 18.24%, compared with the the Blue Cash Everyday’s starting APR of 19.24%.

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    Annual Fee: Tie

    Both the BofA Customized Cash and the Blue Cash Everyday have no annual fee.

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    Introductory 0% APRs: Tie

    Both the BofA Customized Cash and the Blue Cash Everyday offer a 0% introductory APR on purchases and balance transfers for 15 months. The balance transfer fee for both cards is effectively the same, at 3% of each transaction.

    coins icon

    Rewards: Tie

    Both cards offer competitive rewards. The BofA Customized Cash allows for 3% cash back in a chosen category and 2% at grocery stores and wholesale clubs, with a $2,500 quarterly limit for combined 2% and 3% category purchases.

    The Blue Cash Everyday offers 3% cash back at U.S. supermarkets (up to $6,000 per year), U.S. online retail purchases, and U.S. gas stations, then 1%. Both cards offer 1% cash back on other purchases and have no expiration on cash back as long as the account remains open.

    rewards icon

    Welcome Offers: BofA Customized Cash

    The BofA Customized Cash offers a better welcome bonus, providing $200 online cash rewards for spending $1,000 in the first 90 days, compared with the Blue Cash Everyday, which requires spending $2,000 in the first six months to earn a $200 statement credit.

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    Recommended Credit Score: Tie

    Both the Blue Cash Everyday and BofA Customized Cash require a credit score range of 670 to 850, indicating they are accessible if you have good to excellent credit.

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    Penalties and Fees: Blue Cash Everyday

    The Blue Cash Everyday edges out slightly better due to its lower foreign transaction fee of 2.7%, compared with the BofA Customized Cash’s 3% fee. Both cards have similar late fees and penalty APRs.

    points icon

    Issuer Satisfaction: Blue Cash Everyday

    American Express outperforms with an issuer satisfaction rating of 5.0, compared with Bank of America’s 4.5.

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    Other Features & Perks: Blue Cash Everyday

    The Blue Cash Everyday provides up to $7 monthly statement credits for the Disney Bundle and up to $15 back per month on Home Chef meal kit subscriptions. The BofA Customized Cash offers no perks beyond the standard rewards and fees.

Rewards Comparison

The BofA Customized Cash card edges out with a slightly higher expected reward value and the flexibility to choose your top earning category. This customization can be particularly beneficial if you have concentrated spending in one area. However, the Blue Cash Everyday card is not far behind, especially with its strong cash back rates at supermarkets, online retail purchases and gas stations in the U.S. If these are your primary spending areas, the Blue Cash Everyday card could be just as rewarding.

For the BofA Customized Cash, the eligible categories for the 3% cash back choice include gas (now including electric vehicle charging stations), online shopping (now including cable, streaming, internet, and phone services), dining, travel, drug stores, or home improvements and furnishings. This allows for tailored rewards that can adapt to your spending habits over time.

The table lays out the bonus categories for both cards:

Category
Blue Cash Everyday
BofA Customized Cash

U.S. Supermarkets

3% for the first $6,000 annually, then 1%

2% (part of 2% and 3% combined spend limit of $2,500 each quarter)

U.S. Gas Stations

3% for the first $6,000 annually, then 1%

3% (choice category)

Online Shopping

3% for the first $6,000 annually, then 1%

3% (choice category)

Dining

1%

3% (choice category)

Travel

1%

3% (choice category)

Redeeming Rewards

The BofA Customized Cash allows redemptions into Bank of America accounts, as statement credits, or for gift cards, with no expiration as long as the account is active. The Blue Cash Everyday offers a straightforward redemption process with cash back redeemable as statement credits or at Amazon.com checkout, and no minimums or rotating categories to track. Both cards offer flexibility and ease in redeeming rewards, ensuring cardholders can use their cash back in a way that suits their financial needs.

Methodology

MoneyGeek's ranking process assigns multiple scores to each credit card, reflecting their performance in various use cases. This approach ensures that the score reflects the card's performance in the scenario where it provides the most value.

For the Blue Cash Everyday and BoaA Customized Cash cards, the highest scores are in the cash back category. For cash back cards, the primary factors we consider are the effective reward rate and the return on investment for offers. These elements — along with annual fees, introductory purchase rates and issuer satisfaction — contribute to a card's overall score. For a detailed understanding of our process, you can review our ranking methodology.

FAQ: Bank of America Customized Cash vs. Bank of America Customized Cash Card

What are the annual fees for these cards?
How do the introductory offers compare between these two cards?
Which card has a lower foreign transaction fee?
Can I earn bonus rewards with either of these cards?
What is the recommended credit score for these cards?

About Doug Milnes, CFA


Doug Milnes, CFA headshot

Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.

Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.


*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
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