3% in your choice category, 2% at grocery stores & wholesale clubs (up to $2,500/qtr combined), 1% on all other purchases — plus $200 cash rewards bonus after $1,000 spend in first 90 days.
3% in your choice category, 2% at grocery stores & wholesale clubs (up to $2,500/qtr combined), 1% on all other purchases
Credit eligibility
Issuer review required; no guaranteed score cutoff
Intro APR
0% on purchases & balance transfers for 15 billing cycles
Sign-Up Bonus
$200 cash rewards bonus after $1,000 spend in first 90 days
$
Rates & Fees
Annual Fee
$0
Purchase APR
17.49%–27.49% variable
Intro APR
0% on purchases & balance transfers for 15 billing cycles
Foreign Transaction Fee
3%
Balance Transfer Fee
3% intro during the first 15 billing cycles, then up to 4%
Cash Advance Fee
Up to 5% or $10 minimum, whichever is greater
Late Payment Fee
Up to $40
✦
Estimate Your Rewards
See how this card fits your monthly spending
Enter your typical monthly spend by category to see roughly what the Bank of America® Customized Cash Rewards would earn you per year (this doesn't include any one-time sign-up bonus).
Assumes steady monthly spending at eligible merchants. Portal-only, selected and rotating bonuses are excluded unless explicitly modeled. Statement credits and welcome bonuses are excluded. Points use an assumed value of 1¢ each; actual redemption value varies.
$/mo
$0/mo$1,500/mo
$/mo
$0/mo$1,500/mo
$/mo
$0/mo$1,500/mo
$/mo
$0/mo$1,500/mo
$/mo
$0/mo$1,500/mo
$/mo
$0/mo$3,000/mo
Note: Also earns 3% in a category you choose (gas, online shopping, dining, travel, drugstores, or home improvement), combined with the grocery bonus up to $2,500/quarter — pick your category on the issuer's site; not modeled here since it's user-selected.
Est. Annual Rewards
$294/yr
After $0 Annual Fee
$294/yr
Based On
$1,950/mo
Key Features
✓
Choose your 3% category: gas, online shopping, dining, travel, drug stores, or home improvement
✓
Bank of America Preferred Rewards members earn 25–75% more cash back
✓
No annual fee
Pros & Cons
✓ Pros
Highest intro APR period (15 months) among major no-fee cards
Preferred Rewards can boost to 5.25% in chosen category
Flexible 3% category choice
– Tradeoffs
$2,500 quarterly cap on bonus categories
Requires BofA relationship for best rewards boost
3% foreign transaction fee
How to Apply
1
Check Bank of America's eligibility information and any prequalification option. A credit score alone does not establish approval; income, debt and credit history also matter.
2
Gather your Social Security number, annual income, housing payment, and employer details before starting the application.
3
Apply directly through Bank of America's official site or app to make sure you're getting current, accurate offer terms.
4
Most issuers give an instant decision online; some applications are sent to manual review, which can take 7–10 business days.
5
If approved, activate the card and set up autopay before your first statement is due to avoid a late payment.
How It Compares
Current product highlighted
Product
Annual Fee
Purchase APR
Rewards Rate
Bank of America® Customized Cash Rewards
$0
17.49%–27.49%
3% in your choice category, 2% at grocery stores & wholesale clubs (up to $2,500/qtr combined), 1% on all other purchases
5% in rotating quarterly categories (up to $1,500/qtr), 1% everything else
Rates, fees, and rewards shown are illustrative as of 2026 and subject to change — always confirm current terms directly with the issuer before applying.