Bank of America Customized Cash Rewards
By Alex Compton · Last verified
3% in the category you choose, supercharged by BofA Rewards.
Welcome Bonus
$200
≈$200 value
Spend Requirement
$1,000
in 3 months
Annual Fee
$0
3% FTF
Credit Score
670+
(Good)
Current offer note: $200 online cash rewards bonus
Historical Offers Chart
Every public offer change we've tracked. Hover for details, timing your application is worth hundreds of dollars.
| Observed | Offer | Requirement | What changed | Evidence |
|---|---|---|---|---|
| 2026-06 | $200 | $1,000 in 3 mo | Terms reconfirmed | Archive record · no attached snapshot |
| 2024-01 | $200 | $1,000 in 3 mo | Terms reconfirmed | Archive record · no attached snapshot |
| 2021-01 | $200 | $1,000 in 3 mo | Earliest record | Archive record · no attached snapshot |
Primary-source verification log
Append-only evidence ledger- confirmed
Terms unchanged
Bank of America Customized Cash Rewards product page →
Source checked 2026-10-19 · spot an outdated offer? Report a correction above.
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Earning Rates
- 3xChosen category: gas/EV, online shopping, dining, travel, drug stores, or home improvementDoubled to 6% for the first year from account opening, a promo running since June 2025 and still live as of October 2026
- 2xGrocery stores and wholesale clubs
- 1xEverything else3% (or 6% in year one) and 2% capped at $2,500 combined per quarter
Credits
No statement credits, this card wins on earn rates, not coupons.
Benefits
- ✦Change your 3% category monthly
- ✦6% in your chosen category for the first year, dropping to 3% after, as of October 2026
- ✦BofA Rewards (which replaced Preferred Rewards on May 26, 2026) boosts cash back 50% at $100k in BofA and Merrill balances, making 3% into 4.5%, and 75% at $1 million, making it 5.25%
Why it earns its spot
- +6% in year one, or 4.5% ongoing at the $100k Preferred Honors tier, is elite for a no-fee card
- +Online shopping category covers a huge share of modern spend
Where it costs you
- −$2,500 quarterly cap on bonus earning
- −3% FTF
- −Rate drops to a plainer 3% after the first year without a BofA Rewards tier
The Compound Verdict
With $100k at BofA or Merrill this quietly becomes the best category card in the country, and the 6% first-year promo (still running as of October 2026) makes it strong even without the relationship. Once the promo year and the BofA Rewards boost both fall away, it is just fine, and better options exist.
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