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Bank of America® Customized Cash Rewards Credit Card review

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Advertiser Disclosure

Annual Fee
$0.00
Interest Rate: Purchases
18.24% ‐ 28.24% (Variable) (0% for the first 18 months)
Interest Rate: Purchases
18.24% ‐ 28.24% (Variable) (0% for the first 18 months)
Balance Transfer
18.24% ‐ 28.24% (Variable) (0% for the first 18 months)
Balance Transfer
18.24% ‐ 28.24% (Variable) (0% for the first 18 months)
Rewards
1 - 2% cashback
Rewards
1 - 2% cashback
Signup Bonus
$200 after spending $1,000
Signup Bonus
$200 after spending $1,000


8.4/10
Informr score
The Bank of America® Customized Cash Rewards Credit Card currently has an Informr score of 8.4 out of 10. This score is based on our evaluation of 43 sources including reviews from users and the web's most trusted critics.

Am I eligible?


Bank of America® Customized Cash Rewards Credit Card is typically available to those with good credit scores (650 or greater).
To get this card, you must also:
Yes Be a permanent or temporary resident of USA

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...


SlickDeals
SlickDeals

The Bank of America® Customized Cash Rewards credit card is a solid choice for many people who want to maximize their everyday spending. The card is one of the top cash-back credit cards on the market because it provides flexibility with its top rewards bonus category. It’s especially worth consider...

- Ben Luthi, SlickDeals
NerdWallet
NerdWallet

The option to choose your 3%-back category is appealing, if a bit complicated. If you qualify for the Bank of America Preferred Rewards® program, the card can be even more valuable. But its spending caps mean it's not a strong choice for big spenders.

- Claire Tsosie, NerdWallet
Forbes
Forbes

Finding the balance between every user’s ideal credit card and every credit card offer’s ideal user can be tricky. While the card’s limits put a damper on its ability to compare well to competitors, its flexibility in category reward earning might be a promising feature for some. For those intereste...

- Yury Byalik, Dylan Pearl, Forbes
Bankrate
Bankrate

Cards where you can select your bonus categories are becoming more popular, and the Bank of America Customized Cash Rewards credit card is one of the most flexible and rewarding choice category cards, especially for Bank of America Preferred Rewards® members. But the quarterly spending limit could b...

- Ashley Parks, Bankrate
CreditCards.com
CreditCards.com

The Bank of America Customized Cash Rewards card offers an exceptional rewards rate on a category of the user’s choice, allowing increased flexibility. But a $2,500 combined spending cap on bonus category rewards limits how much cardholders can earn.

- Emily Sherman, CreditCards.com

Details


Interest Rates
Regular APR Interest Rate 18.24% ‐ 28.24% (Variable) (0% for the first 18 months)

This APR will vary with the market based on the Prime Rate.

Balance Transfer Interest Rate 18.24% ‐ 28.24% (Variable) (0% for the first 18 months)
  • Intro rate applies on balances transferred within the first 60 days of account opening. 
  • This APR will vary with the market based on the Prime Rate.
Cash Advance Interest Rate 21.24% ‐ 30.24% (Variable)

 This APR will vary with the market based on the Prime Rate.

Rates & Fees
Annual Fee $0.00
Balance Transfer Fee 3%


Cash Advance Fee 3%
Foreign Transaction Fee 3%

Of each transaction in U.S. dollars.

Over Limit Fee $0.00


Late Payment Fee $40.00

Maximum

Promotions
Sign up bonus $200 after spending $1,000

On purchases within the first 3 months.

Rewards
All Purchases 1% cash back
Restaurants No
Gas No
Groceries 2% cash back

On up to $2,500 of quarterly spending

Hotels No
Travel No
Pharmacy No
Bills No
Additional Details
  • Choose your 3% category (On up to $2,500 of quarterly spending)
    • Gas
    • Online Shopping
    • Dining
    • Travel
    • Drug stores
    • Home improvement/furnishings
  • Preferred Rewards clients get a 25% - 75% rewards bonus on every purchase.
Features & Benefits
Additional Card Holders Yes
Travel Accident Insurance No
Car Rental Insurance No
Car Rental Discount No
Extended Warranty No
Purchase Protection No
Zero Liability Yes
No Foreign Transaction Fees No
Emergency Assistance No
Concierge Service No
Price Protection No
Fraud Protection Yes
Free Credit Scores Yes
Wireless Payments Apple Pay, Samsung Pay, Google Pay
Virtual Cards No
Additional Benefits
  • Online Shopping Security
  • Overdraft Protection
Eligibility
Minimum Security Deposit $0
Minimum Age 18
Minimum Personal Income
Temporary Residents No
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Additional comments -
Terms & Conditions Official Terms & Conditions
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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

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