Bank of America® Cash Back Rewards Credit Card with 3% Choice Category

FAQs

How does cash rewards work Bank of America?

Rewards: The Bank of America Cash Rewards Credit Card earns 3% cash back on an eligible category of the cardholder’s choosing and 2% cash back at grocery stores and wholesale clubs. The 3% and 2% earnings are capped at $2,500 in combined purchases each quarter, and all other purchases earn 1% cash back.

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How do I get my $200 cash rewards from Bank of America?

Bank of America Customized Cash Rewards Credit Card Bonus New cardholders can earn $200 cash back after making $1,000 or more in purchases on their card within the first 90 days of opening an account. The bonus posts to the rewards balance in your account eight to 12 weeks after you qualify to receive it.

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What credit score do you need for Bank of America cash rewards card?

What credit score do I need to get the Bank of America® Cash Rewards credit card? If you have a good credit score of at least 690, you may be approved for the Bank of America® Customized Cash Rewards credit card. Card issuers will also typically consider an applicant’s income, existing debts and other information.

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What is the limit on Bank of America cash rewards card?

FAQs. The credit limit for the Bank of America® Customized Cash Rewards credit card is usually at least $1,000 and can be much higher, with some cardholders reporting limits of over $50,000. Bank of America uses your income, credit profile, and other information to set your card’s credit limit

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Is cash rewards a credit card?

A cash rewards credit card is similar in that it rewards you for making purchases, except that the rewards are in dollars, not points, and can be redeemed for cash back.

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Is it good to redeem cash rewards?

Another smart move is using cash rewards to pay off debt. If you need to pay down your credit card balance, redeem and apply cash back as soon as possible to head off interest. “It is always better to have the cash in your pocket than the bank’s,” Huffman says.

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Is Bank of America cash rewards hard to get?

The Bank of America Customized Cash Rewards card is as easy to get as most other no annual fee cash back credit cards. You’ll just need to provide the typical personal information, Social Security number and total annual income through Bank of America’s online application or over the phone by calling (800) 932-2775.

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What is the highest credit limit for Bank of America?

Highest ?Bank of America? Credit Limit: $95,000

Research indicates that the Bank of America® Customized Cash Rewards Credit Card offers the highest credit limit ? $95,000 ? among BOA cards.

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Can you buy a car with a credit card?

In general, car dealerships accept credit cards. You might even be able to use a card to buy a vehicle. However, it’s more likely that the dealership will take a credit card for a down payment or a part of the down payment up to a certain amount. For you, using a credit card is a convenience or maybe a necessity.

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How often does Bank of America raise your credit limit?

Bank of America usually increases credit limits no more than once every six months.

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How many credit cards should a person have?

It’s generally recommended that you have two to three credit card accounts at a time, in addition to other types of credit. Remember that your total available credit and your debt to credit ratio can impact your credit scores. If you have more than three credit cards, it may be hard to keep track of monthly payments.

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Is 7 credit cards too many?

There is no universal number of credit cards that is ?too many.? Your credit score won’t tank once you hit a certain number. In reality, ?too many? credit cards is the point at which you’re losing money on annual fees or having trouble keeping up with bills?and that varies from person to person.

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What is a good average age of credit accounts?

Seven years is deemed a reasonable amount of time to establish a good credit history. After seven years, most negative items will fall off your credit report.

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Should I leave a small balance on my credit card?

It’s Best to Pay Your Credit Card Balance in Full Each Month

Ideally, you should charge only what you can afford to pay off every month. Leaving a balance will not help your credit scores?it will just cost you money in the form of interest.

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Does Cancelling a credit card hurt your credit?

A credit card can be canceled without harming your credit score?; just remember that paying down credit card balances first (not just the one you’re canceling) is key. Closing a charge card won’t affect your credit history (history is a factor in your overall credit score).

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Does my credit score go up every time I make a payment?

Every month you pay your card’s bill on time will bump your credit score up, so set a routine and you can grow your creditworthiness quickly?as long as you can avoid missing a credit card payment.

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Should I pay off my credit card after every purchase?

To build good credit and stay out of debt, you should always aim to pay off your credit card bill in full every month. If you want to be really on top of your game, it might seem logical to pay off your balance more often, so your card is never in the red. But hold off.

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Bank of America ® Customized Cash Rewards credit card

Bank of America® Cash Back Rewards Credit Card with 3% Choice Category Sign inLog inLocationsEn españolShow/Hide  Menu   related links Info Layer TitleHelping our customers meet their financial needs is important to us. Before you leave, please take a moment to answer these 4 simple questions.1. What was your primary reason for visiting this website today? (Please select all that apply)  Apply for a Bank of America® credit card  Research Bank of America® credit cards  Service my existing credit card account  Other reason (please specify)Please enter a reason 2. Did this website provide the information you needed?  Yes  NoWhy were you unable to get the information you needed? (Please select all that apply)  Could not find the information  Information was confusing/unclear  Difficult to navigate the site  Other reason (please specify)Please enter a reason 3. Do you plan to apply for a Bank of America credit card in the near future?  Yes  NoCould you please tell us why you don’t plan to apply? (Please select all that apply)  Couldn’t find a product to meet my needs  The offer/promotion was not compelling  Didn’t like the website experience  I already have a Bank of America credit card  Other reason (please specify)Please enter a reason 4. What, if anything, would you suggest Bank of America change about this website?Please be as specific as possible To protect your identity, please do not submit personal or account information. Note that we cannot reply to questions asked via this form. Please contact us directly if you have any account or service related issues. By submitting your feedback, you agree Bank of America, its affiliates and any authorized parties may use, commercialize or reproduce the feedback without restriction or any compensation to you.Privacy & Security CloseThank youYour responses will help us improve the Bank of America digital experience for all our customers.Close windowWe’re sorry, this page is temporarily unavailable. We apologize for the inconvenience.Visit our homepageWe’re sorry, this page is temporarily unavailable. We apologize for the inconvenience.Visit credit card homepageInterstitial Link: language-change | Placeholder – hiddenOne or more of the cards you chose to compare are not serviced in English.Continue in English Go back to SpanishEnter your ZIP codeZIP code Enter only 5 digits.This card is unavailableConnect one on one with a credit card specialistSchedule an appointment

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Cash Back Credit Cards – Bank of America

Cash Back Credit Cards & Cash Rewards Credit CardsSkip to main contentInfo Layer TitleHelping our customers meet their financial needs is important to us. Before you leave, please take a moment to answer these 4 simple questions.Your responses will help us improve the Bank of America digital experience for all our customers.Close windowEarn cash back on all your purchases with a cash rewards credit card from Bank of America®.Earn cash back on everyday purchases, including grocery store and gas purchases. Plus, some cash back credit cards give you the option to help support a special cause in addition to earning cash back for every purchase. For details, explore the cash back cards on this page. Preferred Rewards makes your credit card even betterWhen you enroll in the Preferred Rewards program, you can get a 25% — 75% rewards bonus on all eligible Bank of America® credit cards.Plus, as a Preferred Rewards member, you enjoy real benefits and rewards on your everyday Bank of America® banking and Merrill investment accounts. And as your qualifying balances grow, so do your benefits.Learn more about Preferred RewardsSee if you’re pre-selected for card offersAnswer a few quick questions to see what offers are waiting for you.It will only take a minute and won’t impact your credit score.Check offersCheck offersUnderstanding credit is key to your financial healthSelecting a credit cardChoosing a credit card can be overwhelming. We’ve compiled some important considerations to help you pick the best credit card for you.Managing your credit cardGet the most out of your credit card. Find out how you can take advantage of all the opportunities that may be available to you as a cardholder.Paying down your debtBy following a few simple steps, you can help ensure you’re headed in the right direction when it comes to managing your credit card debt.Improving your creditBetter credit habits can lead to a better credit score. If you’re looking to improve your credit, check out some of our helpful tips.Connect one on one with a credit card specialist

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Bank of America® Cash Rewards Credit Card Cash Back …

Bank of America® Cash Rewards Credit Card Cash Back Categories & ExclusionsChoose how you earn rewards3%cash backin the category of your choice2%cash backat grocery stores & wholesale clubs1%unlimited cash backon all other purchasesEarn 3% and 2% cash back on up to $2,500 in combined choice category/grocery store/wholesale club purchases each quarter, then earn 1%.Maximize your cash back with categories that fit your needsEarn 3% cash back on your choice of one of the six categories shown below. To change your choice category for future purchases, you must go to Online Banking, or use the Mobile Banking App. You can change it once each calendar month, or make no change and it stays the same. Until you change your category for the first time, it will be set to Gas.Merchants are assigned a merchant category code (MCC) based on the kinds of products and services they sell. Bank of America does not determine which MCC a merchant chooses to classify itself, therefore some purchases may not fall into the category where you might expect them to appear. We do group similar MCC’s into grocery store, wholesale club, and choice categories to help you earn cash back on purchases made at specific merchants. Please see the category details for examples and exceptions.GasFor your road trip, your everyday commuting and beyond, cash back on gas can add up when you’re on the go. Earn your cash back at the pump, service stations, marinas, and fuel dealers.Qualifying merchant categories*The Gas category includes purchases in a wide variety of merchant categories* including:Automated Fuel Dispensers | Fuel Dealers for Coal, Fuel Oil, Liquefied Petroleum and Wood | Marinas and Marine Service and Supplies | Service Stations, with or without Ancillary Services(Wholesale clubs that offer pay at pump locations could also appear in this category.)Merchant Examples**BPChevronExxon MobileShellSUNOCO*While this list can be a helpful guide, please remember that purchases and transactions are submitted and categorized by the merchant. Bank of America does not control how the purchases are classified, so some purchases may not fall into the category where you might expect them to appear.**Entities listed here are examples of the type of companies/merchants that frequently appear as transactions at Bank of America within this category; this is not a comprehensive list. Listing an entity does not imply affiliation or endorsement.Online ShoppingMake Online shopping more rewarding. From books and music, to fashion, electronics, toys and more – whether you’re shopping online or on your mobile device, you could be earning more cash back.Qualifying merchant categories*The Online Shopping category includes online and mobile app purchases in a wide variety of merchant categories* including, but not limited to:Bookstores | Clothing and Apparel | Department Stores | Discount Stores | Electronics | Specialty Retail Stores | Sporting GoodsMerchant Examples**Amazon.comApple.com (Includes iTunes & Store)Bestbuy.comDick’ssportinggoods.comEtsy.comGroupon.comKohls.comMacys.comMicrosoftxboxlive.comNike.comNordstrom.comTarget.comTicketmaster.comWalmart.comWish.comSome classes of merchants are excluded from the Online Shopping category as detailed below such as Doctors and Hospitals, Government Services and Taxes, Insurance, Membership Organizations, Schools, Utilities and other non-retail services.InsuranceDirect Marketing of Insurance ServicesInsurance Sales, Underwriting and PremiumsUtilitiesCable, Satellite and Other Pay Television and Radio ServicesTelecommunications Equipment including Telephone SalesTelecommunications Services/Credit Card ActivatedUtilities – Electric, Gas, Sanitary, WaterColleges, Universities, ProfessionalBusiness and Secretarial SchoolsColleges, Universities, Professional Schools and Junior CollegesCorrespondence SchoolsElementary and Secondary SchoolsSchools and Educations Services (not elsewhere classified)Trade and Vocational SchoolsMembership organizationsAssociations, Civic, Social and FraternalClubs, Country Clubs, Membership (Athletic, Recreation, Sports)Private Golf CoursesPolitical OrganizationsReligious OrganizationsDoctors and hospitalsAmbulance ServicesChiropractorsDentists and OrthodontistsDoctors and Physicians (not elsewhere classified)HospitalsMedical and Dental LaboratoriesMedical Services Health Practitioners (not elsewhere classified)Nursing and Personal Care FacilitiesOpticians, Optical Goods and EyeglassesOptometrists and OphthalmologistsOsteopathic PhysiciansPodiatrists and ChiropodistsGovernment services and taxesCourt Cost Including Alimony and Child SupportGambling – Government-Owned LotteriesGovernment Administrative Entities FinesGovernment Services (not elsewhere classified)Intra-Government Purchase (Government Only)Postage Services (Government Only)Tax PaymentsTax Preparation ServiceNon-retail servicesAccounting,…

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Bank of America® Unlimited Cash Rewards Credit Card

Bank of America® Unlimited Cash Rewards Credit Card Sign inLog inLocationsEn españolShow/Hide  Menu   related links Info Layer TitleHelping our customers meet their financial needs is important to us. Before you leave, please take a moment to answer these 4 simple questions.1. What was your primary reason for visiting this website today? (Please select all that apply)  Apply for a Bank of America® credit card  Research Bank of America® credit cards  Service my existing credit card account  Other reason (please specify)Please enter a reason 2. Did this website provide the information you needed?  Yes  NoWhy were you unable to get the information you needed? (Please select all that apply)  Could not find the information  Information was confusing/unclear  Difficult to navigate the site  Other reason (please specify)Please enter a reason 3. Do you plan to apply for a Bank of America credit card in the near future?  Yes  NoCould you please tell us why you don’t plan to apply? (Please select all that apply)  Couldn’t find a product to meet my needs  The offer/promotion was not compelling  Didn’t like the website experience  I already have a Bank of America credit card  Other reason (please specify)Please enter a reason 4. What, if anything, would you suggest Bank of America change about this website?Please be as specific as possible To protect your identity, please do not submit personal or account information. Note that we cannot reply to questions asked via this form. Please contact us directly if you have any account or service related issues. By submitting your feedback, you agree Bank of America, its affiliates and any authorized parties may use, commercialize or reproduce the feedback without restriction or any compensation to you.Privacy & Security CloseThank youYour responses will help us improve the Bank of America digital experience for all our customers.Close windowWe’re sorry, this page is temporarily unavailable. We apologize for the inconvenience.Visit our homepageWe’re sorry, this page is temporarily unavailable. We apologize for the inconvenience.Visit credit card homepageInterstitial Link: language-change | Placeholder – hiddenOne or more of the cards you chose to compare are not serviced in English.Continue in English Go back to SpanishEnter your ZIP codeZIP code Enter only 5 digits.This card is unavailableConnect one on one with a credit card specialistSchedule an appointment

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Bank of America® Cash Rewards Credit Card for Students

Bank of America® Cash Rewards Credit Card for Students Sign inLog inLocationsEn españolShow/Hide  Menu   related links Info Layer TitleHelping our customers meet their financial needs is important to us. Before you leave, please take a moment to answer these 4 simple questions.1. What was your primary reason for visiting this website today? (Please select all that apply)  Apply for a Bank of America® credit card  Research Bank of America® credit cards  Service my existing credit card account  Other reason (please specify)Please enter a reason 2. Did this website provide the information you needed?  Yes  NoWhy were you unable to get the information you needed? (Please select all that apply)  Could not find the information  Information was confusing/unclear  Difficult to navigate the site  Other reason (please specify)Please enter a reason 3. Do you plan to apply for a Bank of America credit card in the near future?  Yes  NoCould you please tell us why you don’t plan to apply? (Please select all that apply)  Couldn’t find a product to meet my needs  The offer/promotion was not compelling  Didn’t like the website experience  I already have a Bank of America credit card  Other reason (please specify)Please enter a reason 4. What, if anything, would you suggest Bank of America change about this website?Please be as specific as possible To protect your identity, please do not submit personal or account information. Note that we cannot reply to questions asked via this form. Please contact us directly if you have any account or service related issues. By submitting your feedback, you agree Bank of America, its affiliates and any authorized parties may use, commercialize or reproduce the feedback without restriction or any compensation to you.Privacy & Security CloseThank youYour responses will help us improve the Bank of America digital experience for all our customers.Close windowWe’re sorry, this page is temporarily unavailable. We apologize for the inconvenience.Visit our homepageWe’re sorry, this page is temporarily unavailable. We apologize for the inconvenience.Visit credit card homepageInterstitial Link: language-change | Placeholder – hiddenOne or more of the cards you chose to compare are not serviced in English.Continue in English Go back to SpanishEnter your ZIP codeZIP code Enter only 5 digits.This card is unavailableConnect one on one with a credit card specialistSchedule an appointment

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Bank of America® Customized Cash Rewards Credit Card

Bank of America Customized Cash Rewards Credit Card Review Full Review of Bank of America Customized Cash Rewards Credit Card Pros Generous cash back rewards Easily earned bonus offer for new cardholders No annual fee Fairly generous introductory 0% APR offer Substantial bank or investment-account balances allow for extra cash back bonuses Cons Spending caps on premium rewards earnings Limited redemption options Purchases at multiple-category stores do not qualify for grocery rewards Pros Explained Generous cash back rewards: This card offers 3% cash-back on a bonus category of your choice; the options are gas (a category that includes heating oil and marine fuel), online shopping, dining, travel, drug stores, or home improvement/furnishings. The category can be changed if you wish, although you must stay with each one for at least a month. The card pays 2% cash back at grocery stores and wholesale clubs and 1% cash back on all other purchases. Easily earned bonus offer for new cardholders: The bonus is among the easiest introductory cash offers to earn. Charging just $1,000 in your first 90 days with the card brings a $200 reward. And that’s in addition to what you’d earn in cash back on those purchases.No annual fee: The Bank of America Rewards offers above-average rewards for a card that has no annual fee. Unlike cards that merely waive the fee for the first year, then, you won’t face a decision on whether to pay a fee to renew the card in subsequent years.Fairly generous introductory 0% APR offer: This card has attractive terms if you’re seeking to carry debt transferred from another card interest-free or to make major purchases without incurring interest charges. There’s a 0% introductory period for the first 15 billing cycles on new purchases and balances transferred within the first 60 days of account opening. There is, however, a balance transfer fee of 3% of the sum transferred or $10, whichever is greater. After the introductory period, the APR varies within 16.24% to 26.24% variable.Substantial bank- or investment-account balances allow for extra cash back bonuses: The card’s cash-back bonuses become more generous still if you have at least $20,000 in a Bank of America bank account or Merrill investment account. Under the bank’s Preferred Rewards program, a three-month average balance of $20,000 will earn you an additional 25% in cash back. The bonus rises to 50% if you maintain a $50,000 balance and 75% if you have $100,000-plus in an account. B of A customers with substantial holdings will be hard-pressed to earn better rewards with any other card. Cons Explained Spending caps on premium rewards: Cardholders earn 3% on categories and 2% on grocery stores and wholesale clubs on the first $2,500 in combined purchases per quarter. That’s a higher figure than most cards with caps and should suffice for a typical household. However, if you’re an especially big spender in categories featured by the card, you may want to consider a card that has both high rewards and no caps. There’s no cap on the rewards you can earn at the standard 1% cash back rate.Limited redemption options: As with almost all cards, rewards can simply be redeemed for a statement credit at any time for any amount. But where most cards allow a range of other ways for any customer to redeem cash back, including as gift cards that sometimes come with bonuses, this card’s other options cater exclusively to Bank of America and Merrill customers. Rewards can be deposited directly into a Bank of America checking or savings account or be credited to a Merrill Lynch or Merrill Edge account, including being automatically invested in a 529 educational plan. Purchases at multiple-category stores do not qualify for grocery rewards: As with many cards, the definition of grocery stores used by Bank of America exempts superstores that sell groceries,…

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Bank of America Customized Cash Rewards Review

Bank of America Customized Cash Rewards Review: Choose Your Own Bonus CategoryUnlike other cards, the $0-annual-fee card lets you choose your own 3% bonus category from a list of options and change that selection up to once a month. It’s an especially good deal for those who can boost their rewards rates by keeping large balances with Bank of America® or Merrill.The main downside: The card comes with bonus category spending caps, so it’s not a good pick for big spenders.Key features of the Bank of America® Customized Cash Rewards credit cardAnnual fee: $0.Sign-up bonus: $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.Ongoing rewards:While the Bank of America® Customized Cash Rewards credit card offers potentially valuable rewards for those who spend modestly, its rewards structure is fairly involved.3% back on a category of your choice (options listed below) and 2% back on grocery stores and wholesale clubs for the first $2,500 of combined bonus category/ grocery store/ wholesale club spending per quarter; after hitting that threshold, you’ll earn 1% back on these purchases.1% back on all other purchases.When selecting a 3% back bonus category, you can choose one of the following six options:Gas.Online shopping.Dining.Travel.Drugstores.Home improvement and furnishings.You can change this category up to once a month. If you don’t make a selection, the default 3% cash-back category will be set to gas, according to the issuer. Your selected category will remain the same from month to month, unless you change it.APR: 0% intro APR on Purchases for 18 billing cycles and 0% intro APR on Balance Transfers for 18 billing cycles for any balance transfers made in the first 60 days, and then the ongoing APR of 16.24%-26.24% Variable APR.Other benefits:With this card, there’s no minimum redemption requirement when doing a one-time redemption of cash rewards into your Bank of America® account or statement credit, but there’s still a $25 minimum redemption requirement for other redemption options. Cash back can be redeemed for statement credit, a check, a direct deposit into a Bank of America® checking or savings account, an eligible 529 account or a contribution to an eligible Merrill account. You can also opt to register for automatic redemption.Before pouncing on this offer, pay close attention to the spending caps on the bonus categories. If you spend far more than $2,500 per quarter on this card’s 3% and 2% categories, you might earn more rewards with a different card that doesn’t impose such caps.Benefits of the Bank of America® Customized Cash Rewards credit cardAbility to choose your own 3% categoryThere aren’t many rewards credit cards that allow you to choose your own bonus categories. And of those that exist, none of them lets you change your selection up to once a month, as the Bank of America® Customized Cash Rewards credit card does. That makes the card valuable for cardholders who want choice — especially because the card defines its rewards categories quite generously.Consider the online shopping category, for example. This category includes purchases made with the following retailers, among others:Amazon.com.Bestbuy.com.Groupon.com.Target.com.Apple.com.Macys.com.Walmart.com.The dining category is similarly wide-ranging. This bonus category isn’t just limited to sit-down restaurants; it also includes other eating places, fast-food restaurants, bars, cocktail lounges, nightclubs, taverns and drinking places. That would include, for example, Starbucks, GrubHub and McDonald’s, among many other merchants, the issuer confirms. Consider, too, the breadth of the card’s home improvement category, which covers retailers from Ace Hardware to Williams-Sonoma, but also things like air conditioning repair, plumbers, landscapers, antique shops, florists and much more. It’s one of NerdWallet’s top credit cards for new homeowners.Remember, though, you’ll only earn bonus rewards on the first combined $2,500 in purchases on the card’s 3%…

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BoA Customized Cash Rewards Credit Card Review – Forbes

Bank of America Customized Cash Rewards Credit Card 2022 Review Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. The Bank of America® Customized Cash Rewards credit card fits nicely in the wallet of Bank of America or Merrill customers. Cardholders can earn 3% cash back in the eligible category of your choice, 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases. With Bank of America’s Preferred Rewards program, those earning rates can be increased by as much as 75% by keeping a significant chunk of cash in eligible accounts. Without Preferred Rewards, other cards may offer better return for your spending. Bank of America® Customized Cash Rewards credit card Regular APR 16.24% – 26.24% Variable APR on purchases and balance transfers Credit Score Good, Excellent Pros Bank of America Preferred Rewards clients earn 25% to 75% more cash back Good rewards earning potential Option to change 3% bonus category monthly Cons Bonus rewards have quarterly caps High balance transfer fee Foreign transaction fee Highlights $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 choice category/grocery store/wholesale club 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. New longer intro period! 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 16.24% – 26.24% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers. 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. Introduction A card that might appeal to those solely interested in cash-back rewards, the Bank of America® Customized Cash Rewards credit card offers no complex points system or luxurious travel rewards. Though the cash-back system has its limitations, this simplicity makes it an option worth looking at for those who don’t need a whole lot of extras. The card offers 3% cash back in the eligible category of your choice, 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases. One nice touch of the select-your-category offering: Bank of America offers a decent variety of selectable categories. It defaults to gas, but a cardholder may also choose among online shopping, dining, travel, drug stores and home improvement and furnishings. Though the card leaves some features to be desired, which we’ll cover below, the bonus offer and decent everyday cash-back rewards make this both a solid starter rewards card and a mediocre card for those experienced with the rewards game. At a Glance No annual fee 3% cash back in the eligible category of your choice, 2% at grocery…

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Bank of America Cash Rewards: Read this First – The Points Guy

Bank of America Cash Rewards: Read this First – The Points Guy Best customizable cash-back card If you find that other cash-back cards don’t exactly match your lifestyle and spending habits, you’ll like the flexibility of the Bank of America® Customized Cash Rewards credit card. You have the power to pick your bonus category each month, which can appeal to those who don’t have traditional spending habits. (Partner offer) At a glance Rewards Rates 3% Earn 3% cash back in the category of your choice (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases). 2% Earn automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases). 1% Earn unlimited 1% on all other purchases. Intro Offer $200 $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening Ongoing Penalty APR Up to 29.99% APR Ongoing Cash Advance APR See Terms Ongoing Balance Transfer APR 16.24% – 26.24% Variable APR on purchases and balance transfers Introductory Balance Transfer APR 0% Intro APR for 18 billing cycles for any BTs made in the first 60 days. A 3% fee (min. $10) applies. Ongoing Purchases APR 16.24% – 26.24% Variable APR on purchases and balance transfers Introductory Purchases APR 0% Intro APR for 18 billing cycles for purchases Recommended Credit 670-850 Excellent/Good More details $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 choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases. At a glance Rewards Rates 3% Earn 3% cash back in the category of your choice (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases). 2% Earn automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases). 1% Earn unlimited 1% on all other purchases. Intro Offer $200 $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening Ongoing Penalty APR Up to 29.99% APR Ongoing Cash Advance APR See Terms Ongoing Balance Transfer APR 16.24% – 26.24% Variable APR on purchases and balance transfers Introductory Balance Transfer APR 0% Intro APR for 18 billing cycles for any BTs made in the first 60 days. A 3% fee (min. $10) applies. Ongoing Purchases APR 16.24% – 26.24% Variable APR on purchases and balance transfers Introductory Purchases APR 0% Intro APR for 18 billing cycles for purchases Recommended Credit 670-850 Excellent/Good More details $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 choice category/grocery store/wholesale club 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. New longer intro period! 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 16.24% – 26.24% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers. Contactless Cards – The…

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Bank of America® Customized Cash Rewards Credit Card …

Bank of America® Customized Cash Rewards Credit Card Review | BankrateYou know your spending habits the best, so this card lets you choose your top earning category Snapshot 4.6 Bankrate rating star icon star icon star icon star icon star icon star icon star icon star icon star icon star icon Bottom line Choice category cash back cards seem to be picking up steam, and the Bank of America Customized Cash card is one of the most flexible and rewarding, especially for Bank of America Preferred Rewards members. That said, the shared bonus categories’ quarterly spending limit could be a bit low for many cardholders. BEST FOR WHOLESALE CLUBS Regular APR 16.24% – 26.24% Variable APR on purchases and balance transfers Recommended Credit Score Good to Excellent  (670 – 850) Bank of America® Customized Cash Rewards credit card overviewIf you want a higher reward rate than what is offered by the standard 1.5 percent flat-rate cash back card, but need more consistency month-to-month than a 5 percent rotating category card, you’re in luck.The Bank of America Customized Cash Rewards credit card is one of a few of the best cash back credit cards on the market that allows you to not only pick one of six 3 percent cash back bonus categories, but also swap out your choice once per month. This feature can be incredibly helpful for both big purchases on the horizon and a range of everyday expenses—especially once you consider the card’s ongoing 2 percent cash back rate at grocery stores and wholesale clubs.However, there’s a catch that could be a deal-breaker for big spenders. Your 3 percent and 2 percent categories share a $2,500 spending limit on combined purchases per quarter, after which your rewards rate drops to just to 1 percent cash back. Read on to see if the Bank of America Customized Cash Rewards card’s benefits outweigh this drawback.What are the advantages and disadvantages? Pros Cardholders can swap 3 percent categories once per month, adding to the power you have to match your spending to your earning. Bank of America Preferred Rewards members can earn up to 75 percent more cash back on all purchases Generous intro APR periods on purchases and balance transfers Cons The 3 percent and 2 percent categories share a combined $2,500 spending limit per quarter Sign-up bonus spending requirement is double that of rival cards Few major perks outside the rewards program A deeper look into the current card offerQuick highlights Rewards rate: 3 percent cash back on category purchases of choice, including gas, online shopping, dining, travel, drugstore or home improvement; 2 percent cash back at grocery stores and wholesale clubs (up to $2,500 of combined 3 and 2 percent category purchases each quarter, then 1 percent), plus 1 percent on all other purchases Welcome offer: $200 online cash rewards after spending $1,000 within the first 90 days of account opening Annual fee: $0 Purchase intro APR: 0 percent intro APR for 18 billing cycles Balance transfer intro APR: 0 percent intro APR for 18 billing cycles on balance transfers made in the first 60 days. A 3 percent fee (min. $10) applies. Regular APR: 16.24 percent to 26.24 percent Variable APR Current welcome offerYou can earn $200 online bonus cash back by spending at least $1,000 in combined purchases…

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