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Bank of America Enhances 3% Categories for Customized Cash Rewards Card

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Jarrod West
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Jarrod West

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Boasting a portfolio of over 20 cards, Jarrod has been an expert in the points and miles space for over 6 years. He earns and redeems over 1 million points per year and his work has been featured in o...
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The Bank of America® Customized Cash Rewards Credit Card is a popular cash-back credit card option thanks to its ability to choose your top 3% cash-back category from a list of great options.

Now, the card is getting even more valuable thanks to some welcome additions to the 3% cash-back categories.

Let’s dive into everything you should know about these enhancements from Bank of America.

Bank of America Customized Cash Rewards Card Bonus Categories

Bank of America® Customized Cash Rewards credit card
U.P. Rating 
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

The Bank of America Customized Cash Rewards card allows you to maximize your cash-back in your choice category each month.

The Bank of America Customized Cash Rewards card allows you to maximize your cash-back in your choice category each month.
Earn $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
$200
$0
0% Intro APR for 15 billing cycles for purchases and balance transfers. Variable rate of 18.24% - 28.24% applies thereafter.
Upgraded Points credit ranges are a variation of FICO®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.
Good to Excellent (670-850)

If you’re looking to the rake in the cash-back rewards, then the Bank of America® Customized Cash Rewards Credit Card is a great option. Not only do you get to choose the 3% category for the card, but you can also boost the cash-back you earn by being a member of the Bank of America Preferred Rewards program.

Pros
  • 3% cash-back in the category of your choice: gas, online shopping, dining, travel, drug stores, or home improvement/furnishings (your category can be changed each month)
  • 2% cash-back at grocery stores and wholesale clubs
  • 1% cash-back on all other purchases
Cons
  • 3% and 2% cash-back categories are limited to the first $2,500 in combined purchases each quarter, then you’ll earn 1%
  • Charges a foreign transaction fee
  • $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
  • Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined quarterly purchases) and unlimited 1% on all other purchases.
  • If you’re a Preferred Rewards member, you can earn 25%-75% more cash back on every purchase. That means you could earn 3.75%-5.25% cash back on purchases in your choice category.
  • No annual fee and no expiration on rewards.
  • 0% Introductory APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 18.24%-28.24% Variable APR will apply. A 3% fee applies to all balance transfers in the first 60 days your account is open. After the intro balance transfer fee offer ends, the fee for all future balance transfers is 4%.
  • Contactless Cards – The security of a chip card, with the convenience of a tap.
  • This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
Financial Snapshot
  • APR: 0% Intro APR for 15 billing cycles for purchases and balance transfers. Variable rate of 18.24% - 28.24% applies thereafter.
  • Foreign Transaction Fees: 3%

Bank of America Customized Cash Rewards card holders can now earn 3% cash-back on EV charging stations along with their gas station purchases, as well as on cable, streaming, internet, and phone plans along with their other online shopping purchases.

These additions make your top 3% cash-back category as follows:

  • Gas & EV Charging Stations
  • Online Shopping, Cable, Streaming, Internet, and Phone Plans
  • Dining
  • Travel
  • Drug Stores and Pharmacies
  • Home Improvement and Furnishings

While you can only select 1 category for your 3% rewards, it can be switched once per month, and you’ll also earn 2% cash-back at grocery stores and wholesale clubs. That said, your cash-back is limited to $2,500 in combined purchases on these categories each quarter.

Earning 3% cash-back on the top category of your choice is an excellent benefit on its own, but those who also participate in the Bank of America Preferred Rewards program can earn 25% to 75% more cash-back on every purchase made with their card.

This means that your 3% cash-back category can be boosted to 3.75% back, 4.5% back, or even 5.25% back, depending on your rewards tier.

Hot Tip:

Learn everything there is to know about the Bank of America Preferred Rewards program, including its benefits, status levels, and tips to maximize your earnings, in our full guide.

Final Thoughts

The $0-annual-fee Bank of America Customized Cash Rewards card just became an even more compelling option now that you can earn 3% cash-back on EV charging stations, along with cable, streaming, internet, and phone plans. Given how great the card is, it should come as no surprise that it is one of our picks for the best cash-back credit cards.

The information regarding the Bank of America® Customized Cash Rewards credit card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.

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About Jarrod West

Boasting a portfolio of over 20 cards, Jarrod has been an expert in the points and miles space for over 6 years. He earns and redeems over 1 million points per year and his work has been featured in outlets like The New York Times.

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