Bank of America Customized Cash Rewards Credit Card

By Raquel Oliveira • 03/03/2025

Bank of America Customized Cash Rewards offers 2% cash back at grocery stores and wholesale clubs.

The Bank of America Customized Cash Rewards Credit Card is a great option for individuals who want to maximize their rewards on everyday spending. 

With a flexible rewards structure, this card allows you to earn 3% cash back in a category of your choice, including dining, gas, online shopping, or drugstores. 

You can also earn 2% cash back at grocery stores and wholesale clubs, and 1% on all other purchases. This flexibility makes the Bank of America Customized Cash Rewards Credit Card an excellent choice for anyone who wants to tailor their rewards.

What sets this card apart is its customizable rewards feature, allowing you to choose the category where you want to earn 3% cash back. Whether you spend the most on gas, dining, or shopping.

Unique Feature of the Bank of America Customized Cash Rewards

The Bank of America Customized Cash Rewards Credit Card stands out because of its ability to customize your cash back categories. 

Unlike most rewards cards that have fixed categories, this card allows you to choose one category to earn 3% cash back, based on your spending preferences.

Categories like dining, gas, online shopping, or drugstores give you the freedom to earn more where you spend the most.

Pros and Cons

Pros:

• 3% cash back on a category of your choice: Customize your rewards to fit your spending habits.
• 2% cash back at grocery stores and wholesale clubs: Earn rewards on your everyday grocery and shopping needs.
• No annual fee: Enjoy cash back without the added cost of an annual fee.
• Sign-up bonus: A generous bonus for new cardholders to get started.
• Introductory 0% APR for 15 billing cycles: Save on interest for the first 15 billing cycles on purchases and balance transfers.

Cons:

• 3% cash back only applies to one category: The 3% cash back is limited to your chosen category, so you may not earn as much in other spending areas.
• High APR after the introductory period: The APR is relatively high, so it’s important to pay off your balance each month.
• Foreign transaction fees: The card charges a 3% fee on foreign transactions, making it less ideal for international travel.
• Requires good credit: The card is best suited for individuals with good to excellent credit.

How do I know if the Bank of America Customized Cash Rewards is the best credit card for me?

Choosing the right credit card depends on how well it matches your spending habits and financial goals. This card is particularly beneficial for individuals who frequently spend in one of the eligible 3% cash back categories.

For those who regularly shop at grocery stores, the 2% cash back benefit provides additional value. However, since higher cash back earnings are capped at $2,500 in combined purchases per quarter.

The 0% APR introductory period is a valuable feature for anyone planning a large purchase or looking to transfer a balance. This can help in managing expenses without incurring immediate interest charges.

Why do we like this card?

The Bank of America Customized credit card is appealing because it provides a flexible and easy-to-understand rewards system.

Unlike complex points-based programs, this card keeps things simple with direct cash back on everyday purchases.

The ability to adjust the 3% cash back category each month ensures that users can tailor their rewards based on changing needs. This adaptability makes the card more valuable for individuals who have varying spending patterns throughout the year.

The lack of an annual fee is another highlight, allowing users to enjoy rewards without worrying about additional costs. Combined with the introductory 0% APR period, it offers a practical mix of savings and benefits.

Conclusion

The Bank of America Customized credit card is a great option for individuals who want control over their cash back rewards while enjoying financial flexibility.

The ability to choose a 3% category and change it monthly ensures that users can maximize their earnings based on their spending patterns.

If you want a credit card that combines cash back, customization, and financial flexibility, the Bank of America Customized card is a great option worth considering.