Get 3% Cash Back Monthly With the Bank of America Customized Cash Rewards Card Plus No Annual Fee
Turn everyday spending into 3% cash back every month with the Bank of America Customized Cash Rewards card by choosing a bonus category and leveraging Preferred Rewards, all with no annual fee
The Bank of America Customized Cash Rewards credit card can be a smart everyday card for Americans who want flexibility and solid cashback without an annual fee. With the ability to choose a 3% cash back category each month and boosted payouts for Preferred Rewards members, this card fits households that shift spending between gas, groceries, dining, and online bills. Below we break down the key features, limits, and how to make the card work for you.
How the 3% cash back category works
With the Bank of America Customized Cash Rewards card you select one category to earn 3% cash back, plus 2% at grocery stores and wholesale clubs, and 1% on other purchases. You can change your 3% choice each month, so if you have a month full of road trips you pick gas, then switch to online shopping or dining the next month.
Note the combined quarterly cap: 3% and 2% categories share a $2,500 cap per quarter, after which purchases earn 1%. That makes this card ideal for typical household spending but less optimal for very large recurring bills that would exceed the cap.
Bonuses, APR and application basics
New cardholders often get a $200 online cash rewards bonus after $1,000 in purchases in the first 90 days and a 0% introductory APR for 15 billing cycles on purchases and qualifying balance transfers. There’s no annual fee, which keeps ongoing value high if you use the card for prioritized categories each month.
Bank of America typically looks for good to excellent credit for approval (commonly around 690+), and the online application is straightforward. If you plan to move balances, check the balance transfer terms and the 60-day window for transfers to qualify for the intro APR.
Preferred Rewards and maximizing returns
If you bank with Bank of America or have Merrill accounts, enroll in Preferred Rewards to earn 25%–75% more cash back on eligible purchases, turning that base 3% into roughly 3.75%–5.25% for top tiers. For customers with meaningful deposits or investment balances, this multiplier turns the Customized Cash Rewards card into one of the more lucrative no-fee options.
Preferred Rewards also simplifies redemption and integrates rewards into your existing accounts via direct deposit or statement credit options. Remember rewards generally require a $25 minimum redemption for most options and do not expire while the account is open.
Who should pick this card and next steps
Choose the Bank of America Customized Cash Rewards if you want flexibility, no annual fee, and the monthly ability to tune your 3% cash back category to match changing spending. It’s a strong choice for households with predictable monthly categories and those already in the BoA/Merrill ecosystem seeking extra boosts from Preferred Rewards.
To get started, compare this card to flat-rate competitors like the Citi Double Cash and make sure your quarterly habits fit the $2,500 cap. Apply online when ready, set your monthly 3% category, and track quarterly totals to maximize your cash back.