Bank of America · Visa · cash back
Customized Cash Rewards
Advertiser disclosure: we may earn a commission when you apply through some links on this page. It never affects rank: cards are ordered by the value worked out from your spending. How we make money · Methodology
Terms read from Bank of America's page on Oct 16, 2026.
Year 1, after fees
$930
Year 2+, after fees
$550
every year after
3 years, after fees
$2,030
Break-even
No fee
Earn rate by category
All values are after each card's annual or monthly fee, and foreign transaction fees when you set foreign spending. Additional-card fees and memberships some benefits need (such as Amazon Prime or Instacart+) aren't included.
Values for points and miles are estimates based on published redemption valuations; actual value depends on how you redeem.
On each spending preset
After fees; points at their cash value. "~" marks estimates.
| Spending | Year 1 | Year 2+ | 3 years | Break-even |
|---|---|---|---|---|
| Student ($985/mo) | $462 | $184 | $831 | No fee |
| Couple ($2,555/mo) | $805 | $449 | $1,702 | No fee |
| Family ($3,350/mo) | $930 | $550 | $2,030 | No fee |
| Frequent traveller ($3,880/mo) | $1,082 | $638 | $2,357 | No fee |
| Big spender ($7,960/mo) | $1,655 | $1,155 | $3,966 | No fee |
Who it suits
- People who spend a lot on groceries and dining, where it earns above its base rate.
Who should skip it
- Nothing stands out on the presets; check it against your own spending.
Fees and rates
- Annual fee
- None
- Foreign transaction fee
- Not stated
- Purchase APR
- 17.74% to 27.74% (variable)
- Intro APR on purchases
- 15 months, then the purchase APR
- Intro APR on balance transfers
- 15 months, 3% fee
Rewards
- 3% on your choice category
- 2% on grocery stores and wholesale clubs
- 1% on everything else
Eligibility and availability
- Income
- None published
Published requirements only. We don't estimate approval odds.
Assumptions
- Cash back: Paid in cash, so the value is exact, not an estimate.
- Welcome bonus: $200 after $1,000 in purchases in the first 90 days. Your spending meets it in month 1.
- Note: The choice category is 6% in the first year and 3% after. The 3% and 2% categories share $2,500 a quarter.
- Note: Choice categories are gas and EV charging, online shopping (with cable, internet, phone and streaming), dining, travel, drugstores, or home improvement. One spend category is picked for you; the online and travel groups count only their main category.
Not counted or not confirmed
- Foreign transaction fee isn't on the card page.
Earns more every year after year 1
On a family's spending, these keep more value from year 2 than this card's $550.
Chase IHG One Rewards PremierYear 2+ ~$1,243
Wells Fargo One Key CardYear 2+ $864
Chase Marriott Bonvoy BoundlessYear 2+ ~$809
Head to head
Frequently asked questions
Is the Bank of America Customized Cash Rewards worth it?
On a family's spending ($3,350 a month, points at their cash value), it's worth $930 in year 1 and $550 a year after that, after no annual fee.
What is the Bank of America Customized Cash Rewards welcome offer?
$200 after $1,000 in purchases in the first 90 days.
Does the Bank of America Customized Cash Rewards charge foreign transaction fees?
The issuer's page doesn't state its foreign transaction fee, so check the full terms before travelling.
Sources
Rates, fees and offers are set by the issuer and may change. Check the issuer's terms before you apply. We don't estimate approval odds.
Compare it with 59 other cards on the US card comparison or read how cards are valued.