The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.


  • Bank of America® Customized Cash Rewards credit card

    A great no-annual-fee card for earning high cash back on bonus categories


    • 1% – 3% Cash BackRewards Rate
    • 18.24% – 28.24% VariableAPR
    • $0Annual Fee
    • Good–ExcellentRecommended Credit

creditCardsMagnifyingGlass icon
WHY TRUST OUR REVIEWS

MoneyGeek ranked the best credit cards using a streamlined methodology that incorporates various factors. Our process starts with collecting credit card details from the Consumer Finance Protection Bureau and generating standard data points and ideal spend profiles. We then review the benefits and rewards of each card and continuously update the data on a monthly basis.

MoneyGeek reviewed the Bank of America® Customized Cash Rewards credit card’s benefits to help you determine if this card is a good choice for you. It offers a 0% introductory APR on regular purchases for up to 18 billing cycles as well as balance transfers within the first 60 days of opening an account. However, this card has a relatively high APR of 17.99% - 27.99%, and you need good credit to qualify.

Bank of America® Customized Cash Rewards credit card Overview

The Bank of America® Customized Cash Rewards credit card offers some excellent bonuses and rewards. Here’s a breakdown of what the card offers.

Quick Take

  • $0 annual fee
  • Get an online cash rewards bonus of $200 if you spend $1,000 on purchases in the first 90 days
  • Earn up to 3% cash back on up to $2,500 you spend on bonus categories every quarter
  • Choose from gas, online shopping, dining, travel, drug stores, and home improvement & furnishings as your 3% bonus category
  • Higher cash back for Preferred Rewards members
  • Redeem cash back as a statement credit, a direct deposit into a Bank of America checking/savings account or a contribution to an eligible Merrill account
  • Intro 0% APR on purchases and balance transfers for the first 18 billing cycles, then a variable APR of 17.99% - 27.99% after that
  • 3% balance transfer fee
  • 3% foreign transaction fee (5% for overseas cash advances)

Important Card Details

While the Bank of America® Customized Cash Rewards credit card charges no annual fee, there are some limitations to the card that you should understand before applying. Here are a few key points within the fine print you’ll want to consider.

Below are some of the fees associated with the card.

  • highInterestAPR icon

    Regular APR

    This card has a variable APR of 17.99% - 27.99% on regular purchases. For individuals who are likely to make late payments, this may result in high interest rates. However, keep in mind that Bank of America provides a 0% intro APR offer on this card for the first 18 billing cycles.

  • balanceTransfer icon

    Balance Transfer

    The Bank of America® Customized Cash Rewards credit card has a 3% balance transfer fee in addition to the variable APR of 17.99% - 27.99%.

  • theftSecurity icon

    Rewards limitations

    The higher rewards rate of 2% and 3% only apply to your first $2,500 in purchases each quarter. Then, the rewards rate drops down to 1%.

  • money2 icon

    Late Payment Fees

    Bank of America charges up to $40 in late fees.

  • noForeignTransactionFee icon

    Foreign Transaction Fee

    You will pay 3% in international fees for all purchases made outside of the United States.

Additional Benefits

Besides the numerous rewards and benefits that this card offers, Bank of America® Customized Cash Rewards credit card customers can access the following unique features.

How the Bank of America® Customized Cash Rewards credit card Compares To Other Cards

The Bank of America® Customized Cash Rewards credit card offers generous rewards on purchases while also charging no annual fees. However, some other cards in the cash back category may offer better rewards and features. It can be helpful to compare cards before deciding which one to apply for in order to make sure you choose the right one for your spending habits.

How the Bank of America® Customized Cash Rewards credit card Compares

creditCard icon

Bank of America® Customized Cash Rewards credit card

  • Annual fee: $0
  • Purchase APR: 17.99% - 27.99% variable
  • Intro APR offer: 0% for 18 billing cycles, then a variable APR of 17.99% - 27.99%
  • Foreign transaction fee: 3%
  • Cash back rate: Up to 3%
  • Best for: Anyone who wants a more robust rewards program to get more cash back on their spending
creditCard1 icon

Susan G. Komen Customized Cash Rewards

  • Annual fee: $0
  • Purchase APR: 17.99% - 27.99% variable
  • Intro APR offer: 0% for 18 billing cycles
  • Foreign transaction fee: 3%
  • Cash back rate: Up to 3%
  • Best for: Supporting a worthwhile cause while getting rewards in the process

Frequently Asked Questions

sources
*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.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
Advertiser Disclosure: MoneyGeek has partnered with CardRatings.com and CreditCards.com for our coverage of credit card products. MoneyGeek, CardRatings and CreditCards.com may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.