Do you have a lot of spending in a particular area and want to earn some extra cash back rewards? Look no further than the Bank of America® Customized Cash Rewards credit card. The card allows you to choose which category you want to receive 3 percent cash back in. In addition to this bonus category, the card also earns 2 percent cash back at grocery stores and wholesale clubs (on up to $2,500 in combined 3 and 2 percent category purchases each quarter, then 1 percent), as well as an unlimited 1 percent back on all other purchases.
This cash back credit card lets you easily choose a rewards category that matches your spending patterns in order to maximize the amount of rewards you earn. Categories include gas, dining, travel, online shopping, home improvement and more.
Details of the Bank of America Customized Cash Rewards credit card
- Rewards rate: 3 percent cash back on a category of your choice, 2 percent back at grocery stores and wholesale clubs (up to $2,500 in combined 3 and 2 percent category purchases each quarter, then 1 percent back) and 1 percent back on all other purchases
- Welcome bonus: $200 online cash rewards bonus when you spend $1,000 within the first 90 days of account opening
- Annual fee: $0
- Intro APR: 0 percent for 15 billing cycles on purchases and balance transfers (if made within the first 60 days, a 3 percent fee—minimum $10—applies)
- Regular APR: 13.99 percent to 23.99 percent variable
How the Bank of America Customized Cash Rewards card’s cash back structure works
The Bank of America Customized Cash Rewards card makes it easy to earn cash back rewards in a category of your choosing. Cardholders can earn 3 percent back on whatever category they select with this card, including gas, online shopping, dining, travel, drug stores and home improvement. You should know that there’s a spending cap of $2,500 in combined 3 and 2 percent category purchases each quarter, after which you’ll receive 1 percent back.
While some rewards cards allow you to take advantage of rotating categories each month or quarter, this card goes one step further and lets you select the category you’d like to benefit from. In turn, this card can be especially lucrative if you have a lot of spending in a particular category. Plus, cardholders can switch categories once a month.
In addition to cash back rewards in a specific spending category, the Bank of America Customized Cash Rewards card offers rewards at grocery stores and wholesale clubs and an unlimited 1 percent back on all non-category purchases. This can help ensure that no matter what you spend your money on, you’ll always receive at least 1 percent back on purchases made with the …….