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Bank of America

Bank of America® Customized Cash Rewards Credit Card

Annual fee
$0
Welcome bonus
$200 online cash rewards bonus
Intro APR
0% for 15 months on purchases
Reg. APR
19.24% – 29.24% Variable
Apply at Bank of America →

Quick verdict

Best for bofa checking/savings customers who qualify for preferred rewards boosts. Skip if you don't bank with bofa (you miss the preferred rewards boost, which is the whole point). also skip if you want a fixed 3% dining card — the choice category can be confusing.

Rewards
★★★★
4 / 5
Perks
★★★½
3.5 / 5
AF Value
★★★★★
5 / 5
Approval Ease
★★★½
3.5 / 5
Overall
★★★★
4.1 / 5

🎁 Welcome bonus

$200 online cash rewards bonus after $1,000 spend in 90 days

Rewards

CategoryRateType
Choice category (3%) 3% cash back
Groceries 2% cash back
Wholesale clubs 2% cash back
Everything else 1% cash back

Points/miles valued at 1.00¢ each (CreditStud.io estimate based on typical travel redemption).

Perks

🎯 Who should consider this card

✅ Best for

  • BofA checking/savings customers who qualify for Preferred Rewards boosts
  • People who want flexibility to change their 3% category month to month
  • Grocery shoppers who also want a wholesale club bonus

❌ Skip if

You don't bank with BofA (you miss the Preferred Rewards boost, which is the whole point). Also skip if you want a fixed 3% dining card — the choice category can be confusing.

📊 Example: Typical traveler/diner

Everything else: $1500/mo × 12 × 1%$180 value
Net annual value+$180

Based on illustrative spending. Use our AF Worth It Calculator to plug in your real numbers.

📋 Application tips

Credit needed
Good to Excellent (670+)
Issuer rules
No strict velocity rules like 5/24. BofA evaluates income, existing relationship, and debt-to-income. Having a BofA checking account significantly helps approval odds.

Not sure if you'll qualify? Try our credit score simulator to see what rate range you might fall into.

⚖️ Compare to similar cards

Side-by-side comparison tool →

Frequently asked questions

How does the BofA Customized Cash Rewards choice category work?
You pick one of six categories for 3%: gas, online shopping, dining, travel, drugstores, or home improvement. You can change it once per calendar month online or in the app. If you never change it, it stays on your previous selection. The 2% on groceries and wholesale clubs is always active.
What is the BofA Preferred Rewards boost?
If you have $20K+ in a BofA checking/savings/investment account, you get a 25% rewards bonus (Gold tier). $50K+ = 50% bonus (Platinum). $100K+ = 75% bonus (Platinum Honors). This turns the 3% into 3.75%, 4.5%, or 5.25%. With Platinum Honors, you're earning 5.25% on your choice category — rivaling dedicated 5% cards with no annual fee.
Is the Customized Cash Rewards better than the Citi Custom Cash?
For BofA banking customers with $100K+ in assets: absolutely. The 5.25% (3% × 1.75x) on your choice category beats Custom Cash's 5% — and there's no $500/month cap. For everyone else, Custom Cash gives a cleaner 5% on your top category with no asset requirements. If you don't BofA bank, skip this card.
Can I really change the 3% category every month?
Yes, once per calendar month. Some people switch monthly — online shopping for holiday months, gas for summer road trips, dining for summer dining out. It's flexibility that most category cards don't offer.
Does the 2% on groceries include Walmart and Target?
No. Like most cards, standalone supermarkets code as groceries. Walmart, Target, and warehouse clubs like Costco code differently. However, the 2% on wholesale clubs does cover Costco and Sam's Club — making this one of the few cards that earns bonus at warehouse clubs.
Is the signup bonus worth it?
The $200 bonus after $1,000 spend in 90 days is decent for a no-annual-fee card. That's effectively 20% back on your first $1,000. After the bonus, ongoing value depends on your spending and whether you qualify for the Preferred Rewards boost.

Ready to apply?

Application takes 5 minutes. Approval decision typically instant for qualified applicants.

Apply at Bank of America →

Reviewed by CreditStud.io editorial team • Last updated 2026-04-30 • Methodology & disclosure