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Bank of America Customized Cash Rewards
The real reason to hold this is the Preferred Rewards boost: with enough deposits or investments at Bank of America, your 3% chosen category and 2% grocery/warehouse rate can climb meaningfully, which a non-customer never sees. You pick the 3% category (gas, online shopping, dining, etc.), but the combined 3%/2% bonus is capped at $2,500 in spend per quarter. No fee. If you don't bank with BofA, a flat 2% card likely beats it after the cap. Confirm the current Preferred Rewards tiers on bankofamerica.com.
⟳ Rates & fees verified June 2026 — always confirm the current terms on the issuer's official site before applying.
What you earn
- ✓Choose which category earns 3%
- ✓Preferred Rewards members can earn up to 75% more
- ✓Stretch of 0% intro APR
👍 Pros
- + No annual fee
- + Your 3% category is yours to pick
- + Loyalty tiers raise your earnings
👎 Cons
- – Shared cap that resets each quarter
- – Charges a foreign purchase fee
Can you get it?
- ▸A good credit score
Requirements are general guidance — the issuer makes the final decision. Learn more about card requirements →
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