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Bank of America® Customized Cash Rewards Credit Card review

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Advertiser Disclosure

Interest Rate: Purchases
13.99% ‐ 23.99% (Variable) (0% for the first 15 months)
Balance Transfer
13.99% ‐ 23.99% (Variable) (0% for the first 15 months)
Rewards
1 - 2% cashback
Signup Bonus
$200 after spending $1,000


8.7/10
Informr score
The Bank of America® Customized Cash Rewards Credit Card currently has an Informr score of 8.7 out of 10. This score is based on our evaluation of 37 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...


The Points Guy

If you qualify for Preferred Rewards through Bank of America, the Bank of America Customized Cash Rewards card has the potential to offer lucrative rewards for smaller budgets. Frequent travelers and those with larger budgets will probably get more out of one of Bank of America’s more premium cards....

- Madison Blancaflor, The Points Guy
WalletHub

The Bank of America® Customized Cash Rewards credit card is a good everyday rewards card for people with excellent credit scores. For starters, the Bank of America Cash Rewards credit card has a $0 annual fee and offers a $200 initial bonus to new cardholders who spend just $1,000 within 90 days of...

- John S Kiernan, WalletHub
Money Crashers

An above-average no-annual-fee cash-back credit card with an unusually long 0% APR introductory promotion for new cardholders. If you can organize your spending to maximize its 3% and 2% bonus categories each quarter, you’ll find it an excellent addition to your credit card lineup.

- Brian Martucci, Money Crashers
FinanceBuzz

The Bank of America Cash Rewards Credit Card is a good choice for cardholders who don’t want to worry about the added expense of an annual fee, while still earning competitive rewards on the things they buy. This card is probably best suited for those whose spending may fluctuate throughout the year...

- Stephanie Colestock, FinanceBuzz
CreditCards.com

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

- Emily Sherman, CreditCards.com

Details


Interest Rates
Regular APR Interest Rate 13.99% ‐ 23.99% (Variable) (0% for the first 15 months)

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

Balance Transfer Interest Rate 13.99% ‐ 23.99% (Variable) (0% for the first 15 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 16.99% ‐ 29.99% (Variable)

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

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

Minimum of $10

Cash Advance Fee 3%

For Direct Deposit and Check Cash Advances or $10 whichever is greater.


5%

for ATM, Over-the-Counter, Same-Day Online and Cash Equivalent Cash Advances or $10 whichever is greater.

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
More
Additional comments Other Names (AKA): Bank of America® Cash Rewards Credit Card

Terms & Conditions Official Terms & Conditions
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