Bank of America Customized Cash Rewards Credit Card Review

8.73/10 MyCreditCardLab Score
Bank of America® Customized Cash Rewards Card Rating & Score with Credit Cards System

Objective testing of credit cards involves conducting systematic evaluations based on predefined criteria to assess their features, benefits, fees, and overall value proposition.

For more information see our credit card score explanation here.
9.5

Intro APR

Intro APR credit cards offer a temporary period with low to no interest rates on purchases or balance transfers. They provide a financial break before regular rates apply.

For more information see our Intro APR score explanation here.
0% first 15 billing cycles
7

Regular APR

The APR is the ongoing interest rate for balances on credit cards. This is after any intro or promo periods end. It affects the long-term cost of borrowing.

For more information see our Regular APR score explanation here.
18.24% - 28.24% Variable APR
10

Annual Fee

Annual fee credit cards require a yearly payment for membership. They offer enhanced rewards, benefits, and services in exchange for the fee. They cater to individuals seeking premium perks.

For more information see our Annual fee score explanation here.
$0
10

Welcome Bonus

Welcome bonus credit cards offer a one-time reward. This could be bonus points, cashback, or statement credits. You get the reward by meeting spending goals. You must do so within a set time after opening the account. The rewards entice new cardholders with immediate benefits.

For more information see our Welcome bonus score explanation here.
$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
7.8

Rewards

Credit card rewards programs let cardholders earn points, miles, or cashback on purchases. They can redeem these rewards for things like travel, merchandise, gift cards, or credits. This gives extra value for using the card.

For more information see our rewards programs score explanation here.
choose the category that earns 3% for eligible spending.
9

Benefits

Credit card benefits include perks and features from card issuers. They include travel insurance, purchase protection, and extended warranties. You also get airport lounge access and concierge services. They add value and usefulness for cardholders.

For more information see our benefits score explanation here.
$0 liability guarantee for fraudulent transactions, Paperless statement, Digital wallet
8

Recommended Credit Score

The recommended credit score is the minimum score recommended by the card issuer. It's for potential cardholders to qualify for a specific credit card. Meeting or beating this score boosts the chance of approval. It also gives access to the card's benefits and features.

For more information see our Recommended credit score Rating explanation here.
690 - 850 (Fair - Exceptional)
8

Foreign Transaction Fee

Card issuers impose foreign transaction fees. They apply to transactions in a foreign currency or with a foreign merchant. The fees are usually 1% to 3% of the transaction amount. They may apply to purchases, withdrawals, or transfers made in a foreign currency. This raises the cost of international transactions.

For more information see our foreign transaction fees score explanation here.
3%
8.6

Cash Advance Fee

Each time you use your credit card for a cash advance or ATM withdrawal, the bank applies a 'Cash Advance Fee'.

For example, a Cash Advance Fee of "3% (min $10)" means the fee will be 3% of the cash advance amount, with a minimum charge of $10.

For more information see our cash advance fee score explanation here.
3% (min $10)
9.4

Balance Transfer Fee

A balance transfer fee may apply when you transfer a balance from 'Credit Card A' to 'Credit Card B'.

This fee is imposed by the credit card that gets your transferred balance. In this case, that card is 'Credit Card B.' 'Credit Card A' never charges a fee.

For more information see our balance transfer fees score explanation here.
3% for 60 days
How we rating & score here.

Best for

Discover the best credit card for your needs. Are you a student, rewards enthusiast, or cash back lover? Find the perfect fit with our thorough reviews and comparisons.
  • Cash Back Seekers
  • Students
  • Everyday Spending
  • U.S. Supermarket Spending

Considerations

Consider key factors when choosing a credit card. These include interest rates, fees, rewards programs, and more. Make an informed decision to find the right card for your financial needs.
  • Rewards Program (Cashback, Points, Miles)
  • Sign-Up Bonus
  • Reward Redemption Options

Pros

Using a credit card has many pros. These include convenience, rewards, and building credit. They also include purchase protection and fraud security. You also get access to emergency funds and introductory offers. They help with budgeting and spending tracking. They also offer travel benefits and cash flow management. Plus, rental car insurance, extended warranties, and price protection. And online shopping security and opportunities for financial discipline.
  • Free FICO® Score access
  • Low intro APR on balance transfers
  • Competitive cash-back reward rates
  • Solid welcome bonus

Cons

Using a credit card has cons. These include potential overspending, high interest rates, and fees such as annual fees and late payment fees. It can also hurt your credit score if used irresponsibly. Using a credit card can tempt you to carry a balance and incur interest charges. It also risks identity theft and fraud. It can lead to debt and reliance on credit for financial needs. And, it has limits on rewards and benefits compared to other forms of payment.
  • Spending caps on rewards
  • Balance transfer fee
  • High regular APR
  • 3% Foreign fee
  • While the $200 bonus offer may seem less competitive, it's a valuable incentive for new cardholders to kickstart cash back earnings.
Why Trust MyCreditCardLab Review
  • 50+ Credit Cards Ranked
  • 2000 Data Points Collected
  • 10 Levels of Rank Checking
  • 25+ Categories Considered

At MyCreditCardLab, we value your trust above all else. We earn it with careful, fair analysis. We are fully transparent. We stick to strict editorial standards and independence. Your confidence in our content is our top priority.

See our full methodology

In This Review

8.7

Review: Bank of America® Customized Cash Rewards Card

Get in-depth credit card reviews covering features, benefits, fees, and rewards. Make informed decisions and find the perfect card for your financial goals.

For more information see our credit card score explanation here.

At MyCreditCardLab, we put each card to the score.

We score Bank of America® Customized Cash Rewards Card 10 different factors that impact the benefits and rewards of the cards. scoring categories include:

Credit Cards Review Rating
Intro APR Excellent
Regular APR Fair
Annual Fee Exceptional
Welcome Bonus Exceptional
Rewards Good
Benefits Very Good
Recommended Credit Score Good
Foreign Transaction Fee Good
Cash Advance Fee Very Good
Balance Transfer Fee Very Good

Who can apply for Bank of America® Customized Cash Rewards Card?

We have categorized Bank of America® Customized Cash Rewards Card 4 main useful user criteria. it's applied using the MyCreditCardcLab methodology.

10

Bank of America® Customized Cash Rewards Card Annual Fee

Card type: Student Credit Cards

Issuer Name: Bank of America

No annual fee

The Bank of America® Customized Cash Rewards credit card, with an annual fee of $0, offers a range of benefits and rewards tailored to your spending habits. Enjoy perks such as cash back, travel rewards, or points on every purchase, making it a valuable addition to your wallet.

10

Welcome Bonus

The Bank of America Customized Cash Rewards Credit Card extends a valuable welcome bonus to new cardholders. By meeting the spending threshold in time, you can earn a big cash bonus. It will add to the value of your initial card usage. This bonus jumpstarts your cash back earnings, enriching your overall card experience.

New cardholders can get the bonus with the Bank of America Customized Cash Rewards Credit Card. By meeting the spending requirement in the set time, you unlock a cash bonus. This will kickstart your cash back earnings and maximize your new card's value. This bonus enhances your card experience from the start.

9.5

APRs: Bank of America® Customized Cash Rewards Card

Explore credit card APRs to understand borrowing costs. Learn how APRs vary for purchases, balance transfers, and cash advances. This is crucial for informed financial choices.

The table below shows the types of each APR brief description for the Bank of America® Customized Cash Rewards Card.

Type of APR Rating
Intro APR - and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 18.24% - 28.24% will apply. A 3% Intro balance transfer fee will apply for the first 60 days your account is open. After the Intro balance transfer fee offer ends, the fee for future balance transfers is 4%. 9.5/10Excellent
Regular APR - 18.24% - 28.24% Variable APR on purchases 7/10Fair
Purchase - 18.24% - 28.24% Variable APR on purchases and balance transfers 8.5/10Very Good
Balance transfer - 3% intro APR on Balance Transfers for 2 months, and then 4% 9.4/10Very Good
Cash advance - For Direct Deposit and Check Cash Advances, you'll incur a $10 fee or 3% of the transaction amount. You pay whichever is greater. The fee for ATM, Over-the-Counter, Same-Day Online, and Cash Equivalent Cash Advances is $10 or 5% of the transaction amount. It's whichever is greater. Overdraft Protection Cash Advances come with a $12 fee per transaction. 8.6/10Very Good
Penalty - Up to 29.99% 8/10Good
9

Bank of America® Customized Cash Rewards Card Benefits

Discover the many benefits of our credit cards. They include cash back and travel perks, as well as purchase protection and fraud prevention. Explore our cards today and unlock a world of convenience and value.

Certainly! Here's a table. It shows the benefits of the Bank of America® Customized Cash Rewards credit card:

Benefits Score
Cash Back Rewards

Earn 3% cash back on everyday purchases. You get bonuses for gas. You also get them for shopping online, dining, travel, drug stores, and home improvements.

9.3/10Very Good
No Annual Fee

Enjoy the card's benefits. You won't pay an annual fee. This makes it a cost-effective choice for student cardholders.

10/10Exceptional
Flexible Redemption

Redeem cash back rewards as a statement credit, deposit into a Bank of America® checking or savings account, or use it for purchases.

8.6/10Very Good
Introductory Offer

Enjoy a $200 online cash rewards bonus after spending $1,000 in the first 90 days, providing a rewarding start.

9/10Very Good
Category Spend Limit

Benefit from a combined spend limit of $2,500 on 2% and 3% categories each quarter, maximizing rewards potential.

9/10Very Good
7.8

Bank of America® Customized Cash Rewards Card Rewards

Bank of America® Customized Cash Rewards Card Rewards stand out as a highly versatile credit currency, offering a myriad of redemption options to suit your preferences. You can utilize your rewards in a variety of ways, including:

  • Enjoy 3% cash back on a category of choice including gas, online shopping, dining, travel, drug stores, or home improvements.
  • Earn 2% cash back on grocery store and wholesale club purchases, maximizing savings on everyday essentials and bulk items.
  • Get up to $2,500 combined spend limit on 2% and 3% categories each quarter
  • 1% cash back on other purchases.

Bank of America® Customized Cash Rewards credit card Rewards Potential

Category Cash Back Percentage Estimated Annual Spend Estimated Annual Earnings
Gas Stations 3% $1,200 $36
Online Shopping 3% $1,500 $45
Dining 2% $2,000 $40
Travel 2% $1,500 $30
Drug Stores 2% $800 $16
Home Improvements 2% $1,000 $20
Grocery Stores/Wholesale Clubs 1% $3,000 $30
Other Purchases 1% $7,000 $70
Total: $287
Pro Tip
For students looking to earn cash back, save on interest, and manage their finances effectively, the Bank of America® Unlimited Cash Rewards Credit Card for Students is an ideal choice. With valuable cash back rewards and access to financial management resources, it's a smart option for students seeking financial flexibility and control.
8

Recommended Credit Score

Credit Score : 690 - 850 (Fair - Exceptional)

We evaluate credit card options based on FICO credit scores. We ensure tailored recommendations that match your financial profile.

For more information see our FICO Recommended credit score Rating explanation here.

The Bank of America® Customized Cash Rewards Card recommends a credit score of 690 (Fair) to 850 (Exceptional). That range is from Fair to Exceptional. This range ensures eligibility for tailored benefits and rewards. It aligns with your credit profile and financial needs. Apply now to access exclusive perks designed to enhance your credit card experience.

Compare The Bank of America® Customized Cash Rewards Card vs. Other Popular Cards

Compare credit cards effortlessly to find the ideal match for your financial goals. Explore features, rewards, fees, and more to make informed decisions and maximize your benefits. You might want cash back, travel rewards, or low APR. Our tool makes it easy. It lets you compare many cards at once.

You have comprehensive information at your fingertips. You can select the card that best fits your spending and preferences. Take control of your finances. Find the perfect credit card for your needs with our easy comparison platform.
Bank of America<sup>®</sup> Customized Cash Rewards Card Bank of America® Customized Cash Rewards Card Discover it<sup>®</sup> Student Cash Back Card Discover it® Student Cash Back Card Capital One SavorOne Student Cash Rewards Card Capital One SavorOne Student Cash Rewards Card
8.7MyCreditCardLab
Score
9.0MyCreditCardLab
Score

MyCreditCardLab Score 9.0

We've meticulously evaluated this card using MyCreditCardLab's exclusive credit card rating system. Our assessment considered various cardholder needs, ultimately assigning a rating based on the need with the highest score, currently at "." Our rating scale ranges from 1 to 10, with 10 representing the best possible score.

Annual Fee
10
Intro APR
10
Regular APR
8
Rewards
8.8
Benefits
8
Welcome Bonus
8.5
Recommended Credit Score: 9
Foreign Transaction Fee: 10
Cash Advance Fee: 9.5
Balance Transfer Fee: 8.2
9.1MyCreditCardLab
Score

MyCreditCardLab Score 9.1

We've meticulously evaluated this card using MyCreditCardLab's exclusive credit card rating system. Our assessment considered various cardholder needs, ultimately assigning a rating based on the need with the highest score, currently at "." Our rating scale ranges from 1 to 10, with 10 representing the best possible score.

Annual Fee
10
Intro APR
10
Regular APR
8.5
Rewards
8
Benefits
8.8
Welcome Bonus
8
Recommended Credit Score: 8.5
Foreign Transaction Fee: 10
Cash Advance Fee: 9.7
Balance Transfer Fee: 9.5
ANNUAL FEE
$0 $0 $0
INTRO APR
0% first 15 billing cycles 0% intro APR for 6 months 0% intro APR for 15 months
REGULAR APR
18.24% - 28.24% Variable APR 18.24% - 27.24% Variable APR 19.99% - 29.99% (Variable)
WELCOME BONUS
$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening. Discover will match all cash back earned at the end of your first year with the card. Earn $50 Cash Back when you spend $100 in the first three months
REWARDS
choose the category that earns 3% for eligible spending. 5% cash back on rotating quarterly bonus categories Earn unlimited 3% cash back on dining and entertainment, 2% at grocery stores, and 1% on all other purchases.
BENEFITS
$0 liability guarantee for fraudulent transactions, Paperless statement, Digital wallet Choice of card designs, Text and email alerts No annual fee, International use, Entertainment
CASH ADVANCE FEE / APR
3% (min $10) / 3% 5% (min $10) / 18.24% - 27.24% Variable 5% (min $5) / 5%
BALANCE TRANSFER FEE
3% for 60 days from account opening, then 4% 10.99% APR on Balance Transfers for 6 months, and then 18.24%-27.24% Variable APR 0% APR on Balance Transfers for 15 months, and then 19.99% - 29.99% Variable APR
RECOMMENDED CREDIT SCORE
690 - 850 (Fair - Exceptional) 630 - 689 (Poor - Fair) 630 - 689 (Poor - Fair)
FOREIGN TRANSACTION FEE
3% None None
BEST FOR
  • Cash Back Seekers
  • Students
  • Everyday Spending
  • U.S. Supermarket Spending
  • Cash Back Seekers
  • Students
  • Bad Credit
  • U.S. Supermarket Spending
  • Cash Back Seekers
  • Students
  • Everyday Spending
  • Entertainment
More Details Compare More Details Compare

Bank of America Credit Card Login

Follow these easy steps:

Step 1. Go to the Login Bank of America credit card page via the official link.
Step 2. Log in using your username and password. The login screen appears upon successful login.
Step 3. If you still can’t access Bank of America credit card Login then see forgot your username and password option.

Frequently Asked Questions (FAQs)

Still have questions? Check out some of the top FAQs on the Bank of America® Customized Cash Rewards credit card below and get the answers you're looking for.

How can I earn cash back with the Bank of America Customized Cash Rewards Credit Card for Students?

You can earn cash back on everyday purchases, with bonus categories like gas, online shopping, dining, travel, drug stores, or home improvements. Plus, get 2% cash back at grocery stores and wholesale clubs.

What is the introductory offer for new cardholders?

New cardholders can get a $200 online cash bonus. They get it after spending $1,000 in the first 90 days of account opening.

Is there a limit on cash back earnings?

Yes, there is a combined spend limit of $2,500 on 2% and 3% categories each quarter. Purchases beyond this limit will earn 1% cash back.

How can I redeem my cash back rewards?

You can redeem your cash back rewards as a statement credit. You can also deposit them into a Bank of America® checking or savings account. Or, you can use them for purchases.

Is there an annual fee for the Bank of America Customized Cash Rewards Credit Card for Students?

No, there is no annual fee for this card, making it a cost-effective choice for student cardholders.

Can international students apply for this card?

Yes, international students in the U.S. may be eligible. They need a valid U.S. address and other required documents to apply.

Are there any foreign transaction fees with this card?

Yes, there is a foreign transaction fee of 3% of the U.S. dollar amount of each transaction made outside the U.S.

About Aedam Jo

Aedam Jo is the Founder and Editor-in-Chief of MyCreditCardLab.com. Khunt has scored over 50+ Credit Cards himself. He has also written hundreds of reviews about their benefits, rewards, and fees. You may want cash-back rewards, travel perks, or low APRs. Aedam Jo Credit Card Reviews is here to guide you. We'll guide you through the complex world of credit cards clearly and confidently.

READ MORE