Bank of America Customized Cash Rewards
Best for: Bank of America customers who'll hit Preferred Rewards tiers
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
Rates and offers change. Confirm today's terms on the issuer's official site before applying. Independent comparison — not financial advice.
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.
Bank of America Customized Cash Rewards at a glance
| Issuer | Bank of America |
| Card network | Visa |
| Annual fee | No annual fee |
| Rewards rate | 3% in a chosen category, 2% groceries & wholesale clubs (up to $2,500/quarter combined), 1% other |
| Welcome bonus | Online cash rewards bonus |
| Intro APR | 0% intro APR for 15 billing cycles |
| Regular APR | 18.24%–28.24% variable |
| Foreign transaction fee | 3% |
| Credit needed | Good (690+) |
| Airport lounge access | No |
| Best for | Bank of America customers who'll hit Preferred Rewards tiers |
Rewards & perks
- 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
Who should apply
- A good credit score
Before you apply: card terms change often. Confirm the current annual fee, APR, welcome offer and rewards on the official Bank of America site. CreditCardCompare is an independent comparison resource, not the card issuer, and this is not financial advice.
How it compares with similar USA cards
| Card | Annual fee | Rewards | Intro APR | Foreign fee | Credit needed | Rating |
|---|---|---|---|---|---|---|
Bank of AmericaCustomized Cash Rewards 4394 0204 6690 7333 VALID THRU 03/31RILEY CHEN Bank of America Customized Cash RewardsBank of America customers who'll hit Preferred Rewards tiers |
None | 3% in a chosen category, 2% groceries & wholesale clubs (up to $2,500/… | 0% intro APR for 15 billing cycles | 3% | Good (690+) | |
ChaseFreedom Unlimited 4734 2504 9544 4664 VALID THRU 10/32ALEX MORGAN Chase Freedom UnlimitedChase cardholders who pool points across the ecosystem |
None | 5% travel via Chase Travel, 3% dining and drugstores, 1.5% on all othe… | 0% intro APR on purchases for 15 months | 3% | Good (690+) | |
American ExpressBlue Cash Preferred 3488 297728 06483 VALID THRU 06/31ALEX MORGAN Blue Cash Preferred Card from American ExpressFamilies with heavy supermarket and streaming spend |
$95/yr | 6% U.S. supermarkets (up to $6k/yr), 6% select U.S. streaming, 3% tran… | 0% intro APR on purchases for 12 months | 2.7% | Good to Excellent (700+) | |
ChaseFreedom Flex 5331 9672 3196 0810 VALID THRU 02/30MORGAN LEE Chase Freedom FlexOrganized optimizers who'll track quarterly bonus categories |
None | 5% rotating quarterly categories (activation required), 5% travel via… | 0% intro APR on purchases for 15 months | 3% | Good (690+) |
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