9
Bank of America Customized Cash Expands Rewards Categories
Bank of America Customized Cash Expands Rewards Categories
Cardholders may now earn the card’s best 3% rate at EV stations and on cable, streaming, internet and phone plans.Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions are our own.
Updated Written by Lead Writer & Content Strategist + more + more Edited by + more + more SOME CARD INFO MAY BE OUTDATEDThis page includes information about these cards, currently unavailable on NerdWallet. The information has been collected by NerdWallet and has not been provided or reviewed by the card issuer.
Bank of America® Customized Cash Rewards credit card holders will have more opportunities to earn the card's highest rewards rate starting Aug. 22, 2023. Bank of America® Customized Cash Rewards credit card The card earns 3% cash back in one category of the cardholder’s choice, which now includes EV charging stations for the business and consumer versions of the Customized Cash; and cable, streaming, internet and phone plans for the consumer card only. The following spending categories now earn 3% back: Gas, including EV charging stations. Online shopping, including cable, streaming, internet and phone plans. (Cable, streaming, internet and phone plans only earn 3% back with the consumer Customized Cash card.) Dining. Travel. Drugstores and pharmacies. Home improvement and furnishings. Cardholders may change their 3% category once a month in the app or by logging in to their online account. ? Nerdy Tip If you don't make a selection, the default 3% cash-back category will be set to gas and EV charging, according to the issuer. Your selected category will remain the same from month to month unless you change it. The Bank of America® Customized Cash Rewards credit card also earns 2% at grocery stores and wholesale clubs. Cash back earnings have a quarterly cap of $2,500 in combined purchases from the 3% choice category and 2% category. All other purchases earn an unlimited 1% cash back. Bank of America® Customized Cash Rewards credit card Bank of America Preferred Rewards® members can earn 25% to 75% more cash back, up to a 5.25% rewards rate, depending on their membership tier. To become eligible for Preferred Rewards, you need an active Bank of America® checking account and a minimum three-month average balance of $20,000 across all Bank of America® deposit and Merrill investment accounts. Joining Preferred Rewards is one way to get the most out of the Customized Cash Card. » MORE: Why Bank of America Customized Cash is best for 0% APR on purchases in 2023 » MORE: Article sources NerdWallet writers are subject matter authorities who use primary, trustworthy sources to inform their work, including peer-reviewed studies, government websites, academic research and interviews with industry experts. All content is fact-checked for accuracy, timeliness and relevance. You can learn more about NerdWallet's high standards for journalism by reading our editorial guidelines. About the author Jae Bratton Jae is a writer for the credit cards team at NerdWallet. Her writing has been published in newspapers, blogs and an academic journal. See full bio. Helpful resources Best Cash Back Credit Cards Best Travel Credit Cards Best Balance Transfer Credit CardsFind the right credit card for you.
Whether you want to pay less interest or earn more rewards, the right card's out there. Just answer a few questions and we'll narrow the search for you.
More like this How to Pick the Best Credit Card for You: 4 Easy Steps By Claire Tsosie Why Nearly Every Purchase Should Be on a Credit Card By Virginia C. McGuire, Paul Soucy