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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).

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

Apply Now →

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Rates, Fees & Key Terms

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FeatureDetails
Annual Fee$0
Sign-Up Bonus$200 after $1,000 spend in first 90 days
Cash Back — Chosen Category3% (gas, online shopping, dining, travel, drug stores, or home improvement)
Cash Back — Grocery Stores & Wholesale Clubs2% (combined 3%/2% cap: $2,500/quarter)
Cash Back — Everything Else1%
Preferred Rewards Bonus25%–75% more cash back based on BofA/Merrill balances
Intro APR0% for 15 billing cycles on purchases and balance transfers
Ongoing APR19.24%–29.24% Variable
Foreign Transaction Fee3%

✓ Pros

  • Choose your own 3% category — change monthly
  • 2% at grocery stores and wholesale clubs
  • $200 sign-up bonus after $1,000 spend
  • 0% intro APR for 15 months
  • Preferred Rewards can boost to 5.25% in chosen category
  • $0 annual fee

✗ Cons

  • 3%/2% categories capped at $2,500/quarter combined
  • 3% foreign transaction fee
  • Preferred Rewards bonus requires large BofA/Merrill balances
  • Requires good credit (670+)

Bank of America Customized Cash — Apply Today

$200 bonus · 3% in your category · 0% intro APR · $0 annual fee

Apply Now →

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Frequently Asked Questions

What categories can you choose for 3% cash back on Bank of America Customized Cash?

You can choose one of six categories for 3% cash back: gas and EV charging, online shopping, dining, travel, drug stores, or home improvement/furnishings. You can change your category once per calendar month.

Does Bank of America Customized Cash have an annual fee?

No. The Bank of America Customized Cash Rewards card has a $0 annual fee.

What is the Bank of America Preferred Rewards bonus?

Bank of America Preferred Rewards members earn 25%–75% more cash back based on their combined Bank of America and Merrill investment balances. Platinum Honors members (balances of $100,000+) earn 5.25% in their chosen category and 3.5% at grocery stores.

What is the sign-up bonus for Bank of America Customized Cash?

$200 online cash rewards bonus after spending $1,000 in the first 90 days.

What credit score do you need for Bank of America Customized Cash?

Bank of America typically requires a good to excellent credit score — generally 670 or higher.

Sources & Methodology

WiseIQ's editorial team researches and fact-checks all content using primary sources. Our recommendations are based on independent analysis and are not influenced by advertiser relationships.

Last reviewed: April 3, 2026  |  How we rank products