From Fortune:

The Bank of America Customized Cash Rewards Credit Card allows Preferred Rewards members to earn a 25% to 75% bonus on their rewards. The 15-month 0% intro APR and no annual fee make it an appealing option. Cash-back categories are customizable, but some categories have spending caps and there’s a foreign transaction fee.

Card Highlights:
– Cash Back, 0% APR
– $200 welcome bonus
– No annual fee
– 3% cash back in chosen category, 2% at grocery stores/wholesale clubs, 1% on all other purchases
– Spending caps and opt-in required for 2% and 3% categories
– Prioritizes Bank of America Preferred Rewards members

Customizable cash-back categories and the potential to earn up to a 75% bonus make the Bank of America Customized Cash Rewards card an exciting option for Preferred Rewards members. The card offers a 15-month 0% intro APR and no annual fee, making it a good fit for those with specific spending habits. On the other hand, total spending capacity may be limited or extended for merchants.

Redeeming rewards with the Bank of America Customized Cash Rewards card is flexible and straightforward, allowing for statement credits, account deposits, 529 account contributions, and checks. Additionally, Bank of America Preferred Rewards members can enjoy up to a 75% bonus on rewards. This card is great for consumers who prefer the simplicity of cash-back rewards that can have additional value for high-balance Bank of America deposit and/or Merrill investment accounts.

The Bank of America Customized Cash Rewards card is especially suitable for Preferred Rewards members seeking a no-annual-fee card. The 25% to 75% bonus for Preferred Rewards members offers an excellent opportunity for increased cash back. However, for those who prefer premium credit card perks or are unwilling to manage spending categories, other options may be more suitable.

Earning rewards with the Bank of America Customized Cash Rewards card is easy, with a $200 welcome bonus and the ability to earn cash back on select categories. Bank of America Preferred Rewards members can also earn a 25% to 75% bonus. Credit card features such as fraud protection and contactless pay offer added convenience and security for cardholders.

The Bank of America Customized Cash Rewards card is an appealing option for consumers looking to earn cash-back rewards without an annual fee. When compared to other cards, such as the Citi Custom Cash card and the Chase Freedom Flex card, it offers unique benefits and customizable cash-back categories that may be suitable for certain spending habits and preferences.



Read more: Bank of America® Customized Cash Rewards credit card review