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Bank of America Customized Cash Rewards credit card

The Bank of America Customized Cash Rewards credit card has no annual fee and earns 3% cash back in one category you choose and 2% at grocery stores and wholesale clubs on the first $2,500 in combined purchases in those categories each calendar quarter, then 1% ⁠2. The protections Bank of America names for it are the $0 Liability Guarantee and access to a FICO Score ⁠2⁠5.

Compiled from official sources Checked against Bank of America’s terms Last reviewed How we research
Contents9 sections

At a glance

Annual fee$0⁠2
Foreign transaction fee3%⁠2
RewardsEarns 3% cash back in one chosen category and 2% at grocery stores and wholesale clubs on the first $2,500 in combined purchases in those categories each calendar quarter, then 1%; 1% on all other purchases.
Rewards programBank of America Customized Cash Rewards
NetworkVisa
IssuerBank of America · Official card page

What to know about the Customized Cash Rewards

The six choice categories are Gas & EV Charging Stations (the default at account opening), Online Shopping, Dining, Travel, Drug Stores, and Home Improvement/Furnishings ⁠2. You can switch categories once per calendar month in Online Banking or the Mobile Banking app, and the category stays the same if you make no change ⁠2. The 3% choice category and the 2% grocery and wholesale club category draw on one shared $2,500 quarterly cap, after which those purchases earn 1% until the next calendar quarter begins ⁠2.

Online Shopping counts only purchases made through a website or app, not orders by phone or mail or purchases made in person, and superstores and drug stores that sell groceries do not count toward the 2% grocery category ⁠2. Eligibility follows the merchant's category code, so a purchase can earn 1% even when the store seems to fit a bonus category ⁠2.

Cash rewards can be taken as a statement credit, a deposit to an eligible Bank of America checking or savings account, credit to a Merrill Cash Management Account or 529 account, a check, or payment at Amazon.com or PayPal ⁠2. Statement credits and one-time deposits have no minimum; checks, 529 contributions and automatic deposits require $25, and rewards do not expire while the account stays open with active charging privileges ⁠2.

BofA Rewards, which took the place of Preferred Rewards on or about May 26, 2026, adds a 10%, 25%, 50% or 75% bonus to rewards on eligible cards depending on tier ⁠7⁠3. Joining requires an eligible Bank of America checking account; the Member tier has no minimum balance and the higher tiers start at $30,000, $100,000 and $1,000,000 in combined balances ⁠4. The card charges a 3% foreign transaction fee, and its terms say other benefit details accompany new account materials ⁠2.

Earning rewards

How the Customized Cash Rewards earns cash back
RateOn
3% cash back One Choice Category selected by the cardholder: Gas & EV Charging Stations (default), Online Shopping, Dining, Travel, Drug Stores, or Home Improvement/FurnishingsLimit: First $2,500 in combined 2% and 3% category Net Purchases each calendar quarter, then 1%Default category at opening is Gas & EV Charging Stations; category can be changed once per calendar month in Online Banking or the Mobile Banking app. Online Shopping requires purchases made online via website or app (not phone, mail or in-store). Merchant MCC determines eligibility.⁠2
2% cash back Grocery stores and wholesale clubs (also supermarkets, meat and seafood, candy/nut/confection, dairy stores and bakeries; superstores and drug stores excluded)Limit: Shares the $2,500 combined quarterly cap with the choice category, then 1%⁠2
1% cash back All other purchases⁠2

Cash rewards redeem for statement credits, deposits into eligible Bank of America checking/savings, Merrill Cash Management or 529 accounts, checks, or Amazon.com / PayPal purchases. Statement credits and one-time deposits have no minimum; checks, 529 contributions and automatic deposits have a $25 minimum. Rewards do not expire while the account remains open with active charging privileges.⁠2

Account features

Zero fraud liability$0 Liability Guarantee for unauthorized transactions; claims must be reported promptly and may be subject to dollar limits and verification.⁠2
Free credit scoreFICO Score available through Online Banking and the Mobile Banking app for primary cardholders of open, active consumer credit card accounts (educational purposes).⁠5

Other perks

BofA Rewards credit card rewards bonusBofA Rewards members (requires an eligible Bank of America checking account) receive a credit card rewards bonus of 10% (Member tier, no minimum balance), 25% (Preferred Plus, $30,000), 50% (Preferred Honors, $100,000) or 75% (Premier, $1,000,000) based on combined average balances in qualifying deposit and Merrill investment accounts. For cash rewards cards the bonus is applied after all base and bonus cash rewards are calculated; it does not apply to account opening bonuses or certain program bonus earn. Program Rules govern; BofA Rewards publishes a list of ineligible cards.⁠3
Preferred Rewards became BofA RewardsOn or about May 26, 2026, Bank of America Preferred Rewards became BofA Rewards; enrolled Preferred Rewards members were moved to the new program automatically. Enrollment in BofA Rewards opened May 27, 2026.⁠7
BofA Rewards tier balance requirementsMember: no minimum; Preferred Plus: $30,000; Preferred Honors: $100,000; Premier: $1,000,000 combined average balance.⁠4
Card promoted for BofA RewardsThe product page promotes the BofA Rewards rewards bonus for this card.⁠1
Choice category changesChoice Category can be changed once per calendar month via Online Banking or the Mobile Banking app; if not changed it stays the same.⁠2

Other versions of this card

Bank of America also offers the Bank of America Customized Cash Rewards credit card for Students and the Bank of America Customized Cash Rewards Secured credit card. They earn rewards on the same terms as the card above; these are the differences Bank of America lists.

Bank of America Customized Cash Rewards credit card for Students

Annual fee$0⁠9
Foreign transaction fee3%⁠9
What differsBank of America offers this version as a credit card for students getting started with credit ⁠8. Its terms match the main card: no annual fee, 3% in a chosen category and 2% at grocery stores and wholesale clubs on the first $2,500 in combined purchases each quarter, then 1%, and a 3% foreign transaction fee ⁠9.

Bank of America Customized Cash Rewards Secured credit card

Annual fee$0⁠11
Foreign transaction fee3%⁠11
What differsThis secured version is for building or rebuilding credit and needs a security deposit of $200 to $5,000; the deposit, your income and your ability to pay set the credit limit ⁠10. It earns the same 3%/2%/1% cash back with the shared $2,500 quarterly cap and has no annual fee ⁠11. The bank periodically reviews your credit history to decide whether to return the deposit while you keep using the card, may consider the account for automatic upgrade, and returns the deposit if you pay in full and close the account ⁠11.
Credit line reviewsThe bank periodically reviews overall credit history to decide whether to return the security deposit while you keep using the card (not all customers qualify), and the account may periodically be considered for automatic upgrade at the bank's discretion. Paying in full and closing the account also returns the deposit, which can take up to two billing cycles plus ten days.⁠11
Security depositMinimum security deposit of $200, maximum $5,000; credit limit determined by the deposit, income and ability to pay.⁠10

Not listed for this card

The Bank of America pages and benefit terms we checked for the Customized Cash Rewards do not list these benefits:

Some benefits come from the card network rather than the bank and are not always advertised. Your own Guide to Benefits, or the number on the back of the card, is the final word on what your account covers.

Sources

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