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WiseIQ Editorial Team
Reviewed by certified financial experts  ·  Updated April 2026
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The Bank of America® Customized Cash Rewards credit card is the most flexible no-annual-fee cash back card available. You choose one of six categories to earn 3% cash back — gas, online shopping, dining, travel, drug stores, or home improvement — and you can change your choice once per calendar month. You also earn 2% at grocery stores and wholesale clubs (on up to $2,500 in combined 3%/2% purchases per quarter).

WiseIQ Expert Tip

Financial decisions made with complete information consistently outperform those made under pressure or with incomplete data. Take time to compare at least 3 options before committing.

For Bank of America banking customers, the card becomes even more valuable through the Preferred Rewards program. Customers with $100,000+ in combined Bank of America and Merrill balances earn 5.25% in their chosen category — the highest cash back rate available on any no-annual-fee card.

Bank of America Customized Cash Rewards

$0 annual fee · 3% in your chosen category · 2% at grocery stores · $200 bonus after $1,000 spend

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