Customized Cash Rewards

Customized Cash Rewards

Bank of AmericaNo annual feeVisa Signature3% foreign transaction feeIssuer's page

A fair time to apply if the card fits how you spend.

Already have it? Keep it.

Welcome bonus

$200

after $1,000 in purchases in the first 3 months

2/3/4 Rule, 3/12 Rule and 2 more. Am I eligible?

First year
$226
Each year after
+$106

A typical spender, at Miles' point values.

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Compare
A typical spender, at Miles' point values. Values as of October 22, 2026. How Miles computes this
First-year valueAmount
Welcome bonus$200 cash$200
Rewards above a 2% no-fee cardvs Double Cash, on $32,500 typical spend+$36
Annual fee$0
Meeting the $1,000 minimumearns 1% here vs 2% on Double Cash−$10
First year$226
Each year after+$106

Not counted in the first year: protections (each year after counts them).

No ads, no paid placement · Your wallet, your math

Earning

Ranked by how much of a typical year's spending each rate covers. Return is the cash back rate itself. Rates in medium weight return more than the 2% benchmark. Up to $2,500 a quarter combined, then 1%.
RateCategoryReturn
2%Grocery Stores2%
3%Your choice of categoryGas & EV Charging, Online Shopping, Dining, Travel, Drug Stores, Home Improvement & Furnishings3%
2%Wholesale clubs2%
1%Everything else1%

Personal card · Earns Cash Back

Is this the best card for Grocery Stores?Is this the best card for Your choice of category?Is this the best card for Wholesale clubs?

Where this card ranks

What this card returns on each page, priced against what its points are worth. Open a page to see the card it crowns and why.

Benefits

Protections (2)
  • Purchase Protection, up to $500, Up to $500 per item, $50,000 annually for eligible items damaged or stolen within 90 days of purchase
  • Extended Warranty, up to $10,000, Extends manufacturer's warranty up to 1 additional year, up to $10,000 per item and $50,000 annually

Other Perks

  • 2% and 3% rewards capped at $2.5K in combined purchases per quarter
  • Up to 75% bonus for Preferred Rewards banking customers
Sources and methodology

First-year value is Miles' estimate for a typical spender: the welcome bonus at Miles' point values, plus the rewards this card earns above the best no-annual-fee card's everyday rate on a typical year of spending, plus credits at the share a typical holder uses rather than their face value, plus any certificate or free night earned in that year, minus the first-year fee and the cost of putting the minimum spend on this card instead of that one.

Lounge access, elite status, other benefits, purchase and travel protections, and a certificate or free night that arrives on the card's anniversary are listed beside the first-year figure, not in it. Each year after counts them, with the rewards and credits, less the annual fee. A credit or benefit that needs a spend or a stay counts only where its condition is printed beside it, and credits gated on spend most people never reach are left out.

The fee, offer, earning rates, credits and protections come from the card's record in the Miles dataset, kept against the issuer's own terms. The verdict line is chosen from a fixed set of sentences by Miles' analysis of the offer and the card; nothing on this page is written by hand for one card.

Recent changes

  • changed from null to Customized Cash
    Oct 8, 2026
  • changed from Default option: gas_ev; Description: Choose one category to earn 3% cash back instead of the 1% base rate.; Id: bofa_3pct_category; Name: 3% Bonus Category; Options: Id: gas_ev; Label: Gas & EV Charging; Categories: gas; ev_charging; Match categories: gas; ev charging; Id: online_shopping; Label: Online Shopping; Categories: online_shopping; Match categories: online_shopping; online shopping; Id: dining; Label: Dining; Categories: dining; Match categories: dining; restaurants; Id: travel; Label: Travel; Categories: travel; transit; Match categories: travel; hotels; airlines; flights; Id: drug_stores; Label: Drug Stores; Categories: drugstores; Match categories: drugstores; drug stores; pharmacy; Id: home_improvement; Label: Home Improvement & Furnishings; Categories: home_improvement; furniture; Match categories: home improvement; furnishings; furniture; Source: Default per bankofamerica.com (bankofamerica.com/credit-cards/products/cash-back-credit-card/cash-back-category-choices/, "Until you change your category it will be set to Gas & EV Charging Stations.", read 09/24/26). to Default option: gas_ev; Description: Choose one category to earn 3% cash back instead of the 1% base rate.; Id: bofa_3pct_category; Name: 3% Bonus Category; Options: Id: gas_ev; Label: Gas & EV Charging; Categories: gas; ev_charging; Match categories: gas; ev charging; Id: online_shopping; Label: Online Shopping; Categories: online_shopping; internet_cable; phone; streaming; Match categories: online_shopping; online shopping; Id: dining; Label: Dining; Categories: dining; Match categories: dining; restaurants; Id: travel; Label: Travel; Categories: travel; transit; Match categories: travel; hotels; airlines; flights; Id: drug_stores; Label: Drug Stores; Categories: drugstores; Match categories: drugstores; drug stores; pharmacy; Id: home_improvement; Label: Home Improvement & Furnishings; Categories: home_improvement; furniture; Match categories: home improvement; furnishings; furniture; Source: Default per bankofamerica.com (bankofamerica.com/credit-cards/products/cash-back-credit-card/cash-back-category-choices/, "Until you change your category it will be set to Gas & EV Charging Stations.", read 09/24/26).
    Sep 30, 2026
  • changed from Default option: gas_ev; Description: Choose one category to earn 3% cash back instead of the 1% base rate.; Id: bofa_3pct_category; Name: 3% Bonus Category; Options: Id: gas_ev; Label: Gas & EV Charging; Match categories: gas; ev charging; Id: online_shopping; Label: Online Shopping; Match categories: online_shopping; online shopping; Id: dining; Label: Dining; Match categories: dining; restaurants; Id: travel; Label: Travel; Match categories: travel; hotels; airlines; flights; Id: drug_stores; Label: Drug Stores; Match categories: drugstores; drug stores; pharmacy; Id: home_improvement; Label: Home Improvement & Furnishings; Match categories: home improvement; furnishings; furniture; Source: Default per bankofamerica.com (bankofamerica.com/credit-cards/products/cash-back-credit-card/cash-back-category-choices/, "Until you change your category it will be set to Gas & EV Charging Stations.", read 09/24/26). to Default option: gas_ev; Description: Choose one category to earn 3% cash back instead of the 1% base rate.; Id: bofa_3pct_category; Name: 3% Bonus Category; Options: Id: gas_ev; Label: Gas & EV Charging; Categories: gas; ev_charging; Match categories: gas; ev charging; Id: online_shopping; Label: Online Shopping; Categories: online_shopping; Match categories: online_shopping; online shopping; Id: dining; Label: Dining; Categories: dining; Match categories: dining; restaurants; Id: travel; Label: Travel; Categories: travel; transit; Match categories: travel; hotels; airlines; flights; Id: drug_stores; Label: Drug Stores; Categories: drugstores; Match categories: drugstores; drug stores; pharmacy; Id: home_improvement; Label: Home Improvement & Furnishings; Categories: home_improvement; furniture; Match categories: home improvement; furnishings; furniture; Source: Default per bankofamerica.com (bankofamerica.com/credit-cards/products/cash-back-credit-card/cash-back-category-choices/, "Until you change your category it will be set to Gas & EV Charging Stations.", read 09/24/26).
    Sep 25, 2026
  • changed from Description: Choose one category to earn 3% cash back instead of the 1% base rate.; Id: bofa_3pct_category; Name: 3% Bonus Category; Options: Id: gas_ev; Label: Gas & EV Charging; Match categories: gas; ev charging; Id: online_shopping; Label: Online Shopping; Match categories: online_shopping; online shopping; Id: dining; Label: Dining; Match categories: dining; restaurants; Id: travel; Label: Travel; Match categories: travel; hotels; airlines; flights; Id: drug_stores; Label: Drug Stores; Match categories: drugstores; drug stores; pharmacy; Id: home_improvement; Label: Home Improvement & Furnishings; Match categories: home improvement; furnishings; furniture to Default option: gas_ev; Description: Choose one category to earn 3% cash back instead of the 1% base rate.; Id: bofa_3pct_category; Name: 3% Bonus Category; Options: Id: gas_ev; Label: Gas & EV Charging; Match categories: gas; ev charging; Id: online_shopping; Label: Online Shopping; Match categories: online_shopping; online shopping; Id: dining; Label: Dining; Match categories: dining; restaurants; Id: travel; Label: Travel; Match categories: travel; hotels; airlines; flights; Id: drug_stores; Label: Drug Stores; Match categories: drugstores; drug stores; pharmacy; Id: home_improvement; Label: Home Improvement & Furnishings; Match categories: home improvement; furnishings; furniture; Source: Default per bankofamerica.com (bankofamerica.com/credit-cards/products/cash-back-credit-card/cash-back-category-choices/, "Until you change your category it will be set to Gas & EV Charging Stations.", read 09/24/26).
    Sep 25, 2026
  • changed from Description: Choose one category to earn 3% cash back instead of the 1% base rate.; Id: bofa_3pct_category; Name: 3% Bonus Category; Options: Id: gas_ev; Label: Gas & EV Charging; Match categories: gas; ev charging; Id: online_shopping; Label: Online Shopping; Match categories: online_shopping; online shopping; Id: dining; Label: Dining; Match categories: dining; restaurants; Id: travel; Label: Travel; Match categories: travel; hotels; airlines; flights; Id: drug_stores; Label: Drug Stores; Match categories: drugstores; drug stores; pharmacy; Id: home_improvement; Label: Home Improvement & Furnishings; Match categories: home improvement; furnishings to Description: Choose one category to earn 3% cash back instead of the 1% base rate.; Id: bofa_3pct_category; Name: 3% Bonus Category; Options: Id: gas_ev; Label: Gas & EV Charging; Match categories: gas; ev charging; Id: online_shopping; Label: Online Shopping; Match categories: online_shopping; online shopping; Id: dining; Label: Dining; Match categories: dining; restaurants; Id: travel; Label: Travel; Match categories: travel; hotels; airlines; flights; Id: drug_stores; Label: Drug Stores; Match categories: drugstores; drug stores; pharmacy; Id: home_improvement; Label: Home Improvement & Furnishings; Match categories: home improvement; furnishings; furniture
    Sep 24, 2026
  • changed from null to 1000
    Aug 13, 2026
  • changed from null to 90
    Aug 13, 2026
  • changed from Id: bofa_3pct_category; Name: 3% Bonus Category; Description: Choose one category to earn 3% cash back instead of the 1% base rate.; Options: Id: gas_ev; Label: Gas & EV Charging; Match categories: gas; ev charging; Id: online_shopping; Label: Online Shopping; Match categories: online_shopping; online shopping; Id: dining; Label: Dining; Match categories: dining; restaurants; Id: travel; Label: Travel; Match categories: travel; hotels; airlines; flights; Id: drug_stores; Label: Drug Stores; Match categories: drugstores; drug stores; pharmacy; Id: home_improvement; Label: Home Improvement & Furnishings; Match categories: home improvement; furnishings to Description: Choose one category to earn 3% cash back instead of the 1% base rate.; Id: bofa_3pct_category; Name: 3% Bonus Category; Options: Id: gas_ev; Label: Gas & EV Charging; Match categories: gas; ev charging; Id: online_shopping; Label: Online Shopping; Match categories: online_shopping; online shopping; Id: dining; Label: Dining; Match categories: dining; restaurants; Id: travel; Label: Travel; Match categories: travel; hotels; airlines; flights; Id: drug_stores; Label: Drug Stores; Match categories: drugstores; drug stores; pharmacy; Id: home_improvement; Label: Home Improvement & Furnishings; Match categories: home improvement; furnishings
    Aug 10, 2026
  • changed from null to Id: bofa_3pct_category; Name: 3% Bonus Category; Description: Choose one category to earn 3% cash back instead of the 1% base rate.; Options: Id: gas_ev; Label: Gas & EV Charging; Match categories: gas; ev charging; Id: online_shopping; Label: Online Shopping; Match categories: online_shopping; online shopping; Id: dining; Label: Dining; Match categories: dining; restaurants; Id: travel; Label: Travel; Match categories: travel; hotels; airlines; flights; Id: drug_stores; Label: Drug Stores; Match categories: drugstores; drug stores; pharmacy; Id: home_improvement; Label: Home Improvement & Furnishings; Match categories: home improvement; furnishings
    Aug 9, 2026
Last updated: October 17, 2026