Bank of America Customized Cash Rewards
Visa cash back card with no annual fee. Earns 3% on your choice category, 2% on grocery stores and wholesale clubs, 1% on everything else.
Terms read from Bank of America's page on October 16, 2026. Rates and terms are set by the issuer and may change. We don't estimate approval odds.
Fees and rates
- Annual fee
- None
- Foreign transaction fee
- Not stated
- Purchase APR
- 17.74% to 27.74%
- Intro APR on purchases
- 15 months
- 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
Earns cash back.
Not confirmed
- Foreign transaction fee isn't on the card page.
Worked examples
Value on each spending preset, points redeemed as cash, typical use of credits.
| Spending | Year 1 | Year 2+ | 3 years | Break-even |
|---|---|---|---|---|
| Student | $462 | $184 | $831 | Month 1 |
| Family | $930 | $550 | $2,030 | Month 1 |
| Frequent traveller | $1,082 | $638 | $2,357 | Month 1 |
Frequently asked questions
Is the Bank of America Customized Cash Rewards worth it?
On a family's spending ($3,350 a month, points as cash), it's worth $930 in year 1 and $550 a year after that, after no annual fee. It pays for its fee by month 1.
What is the Bank of America Customized Cash Rewards welcome bonus?
$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.
What isn't counted in its value?
The choice category is 6% in the first year and 3% after. The 3% and 2% categories share $2,500 a quarter. 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.
Sources
Estimates for information only; not tax, legal or financial advice. See our methodology.