Bank of America®
Get up to 6% cash back in a category of your choice for the first year, no annual fee, and a $200 bonus after qualifying purchases. Low intro APR on balance transfers and purchases.
The Bank of America® Customized Cash Rewards credit card stands out with a 6% cash back offer in your chosen category for the first year, plus a $200 online cash rewards bonus after qualifying purchases. With no annual fee and a low introductory APR for purchases and balance transfers, this card is designed to maximize rewards for everyday spending. Credit limit varies by applicant, and after the first year, select categories earn 3% cash back on up to $2,500 in quarterly combined purchases.
How to Apply: Step-by-Step
- Begin your secure online application.
- Fill in your personal and financial details.
- Select your preferred cash back category.
- Choose your card’s design.
- Agree to the terms and submit.
Main Benefits
The 6% cash back in your chosen category for the first year makes this card remarkably flexible. You can adjust the category monthly, ensuring rewards fit your changing lifestyle needs. The $200 bonus after qualifying purchases offers immediate value, and ongoing 3% cash back (post first-year) keeps returns coming.
Potential Drawbacks
Quarterly spending limits of $2,500 in the combined category and grocery/wholesale club purchases may reduce rewards for heavy spenders. Furthermore, balance transfer fees apply, and lower cash back rates after the first year may be less appealing compared to some flat-rate cards.
Final Verdict
The Bank of America® Customized Cash Rewards card is ideal for those who want to tailor rewards to their spending habits and appreciate flexibility. Its rich first-year rewards, no annual fee, and monthly category selection outweigh the few drawbacks, making it a competitive option in the cash-back market.