{"id":71160,"date":"2024-01-25T21:00:03","date_gmt":"2024-01-25T21:00:03","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2024\/01\/25\/bank-of-america-customized-cash-rewards-credit-card-review-full-details-the-points-guy\/"},"modified":"2024-01-25T21:00:03","modified_gmt":"2024-01-25T21:00:03","slug":"bank-of-america-customized-cash-rewards-credit-card-review-full-details-the-points-guy","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2024\/01\/25\/bank-of-america-customized-cash-rewards-credit-card-review-full-details-the-points-guy\/","title":{"rendered":"Bank of America Customized Cash Rewards credit card review: Full details &#8211; The Points Guy"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div><a id=\"bank-of-america-customized-cash-rewards-credit-card-overview\" class=\"jsx-3480274316 anchor\"\/><\/p>\n<h2 class=\"jsx-3480274316\">Bank of America Customized Cash Rewards credit card overview<\/h2>\n<p>The <span class=\"jsx-eb69f9b09a3de1d0 jsx-eea0d1f218f5e80b\"><a href=\"https:\/\/thepointsguy.com\/apply-now\/bank-of-america-cash-rewards-credit-card\/?tid=post\" rel=\"noreferrer noopener\" target=\"_blank\" class=\"jsx-eb69f9b09a3de1d0 jsx-eea0d1f218f5e80b applyLink inherit\">Bank of America\u00ae Customized Cash Rewards credit card<\/a><\/span> is a solid cash-back credit card, offering a customizable rewards structure that is great for anyone whose spending habits change throughout the year. The card can become especially lucrative for anyone with significant banking or investing relationships with Bank of America. <strong>Card Rating*: \u2b50\u2b50\u2b50\u00bd<\/strong><\/p>\n<h6><em>*<a href=\"https:\/\/thepointsguy.com\/review-methodology\/\" rel=\"noopener\" target=\"_blank\">Card Rating<\/a> is based on the opinion of TPG&#8217;s editors and is not influenced by the card issuer.<\/em><\/h6>\n<hr class=\"jsx-3272990499\"\/>\n<p>Although <a href=\"https:\/\/thepointsguy.com\/credit-cards\/bank-of-america\/\" rel=\"noopener noreferrer\" target=\"_blank\">Bank of America&#8217;s credit card lineup<\/a> may not be as flashy as the travel cards offered by issuers like Chase or Amex, that doesn&#8217;t mean you should count them out when considering your rewards strategy.<\/p>\n<p>Some of these cards have a lot to offer \u2014 especially if you&#8217;re an existing Bank of America customer. In particular, the <span class=\"jsx-eb69f9b09a3de1d0 jsx-eea0d1f218f5e80b\"><a href=\"https:\/\/thepointsguy.com\/apply-now\/bank-of-america-cash-rewards-credit-card\/?tid=post\" rel=\"noreferrer noopener\" target=\"_blank\" class=\"jsx-eb69f9b09a3de1d0 jsx-eea0d1f218f5e80b applyLink inherit\">Bank of America Customized Cash Rewards credit card<\/a><\/span> offers a unique choose-your-bonus-spending-category rewards structure and sign-up bonus for no annual fee, meaning it might earn it a place in your wallet. Note that approved cardholders generally have a <a href=\"https:\/\/thepointsguy.com\/credit-cards\/how-credit-scores-work\/\" target=\"_blank\" rel=\"noopener\">credit score<\/a> of 670 or higher.<\/p>\n<p>Let&#8217;s dig into the card details to see if it&#8217;s a good fit for you.<\/p>\n<p><a id=\"customized-cash-rewards-card-welcome-bonus\" class=\"jsx-3480274316 anchor\"\/><\/p>\n<h2 class=\"jsx-3480274316\">Customized Cash Rewards Card welcome bonus<\/h2>\n<p>The <span class=\"jsx-eb69f9b09a3de1d0 jsx-eea0d1f218f5e80b\"><a href=\"https:\/\/thepointsguy.com\/apply-now\/bank-of-america-cash-rewards-credit-card\/?tid=post\" rel=\"noreferrer noopener\" target=\"_blank\" class=\"jsx-eb69f9b09a3de1d0 jsx-eea0d1f218f5e80b applyLink inherit\">Customized Cash Rewards Card<\/a><\/span> currently offers a $200 cash back bonus after spending $1,000 on purchases within the first 90 days of account opening. It&#8217;s certainly not the most competitive bonus, but it&#8217;s easy to earn and on par with other <a href=\"https:\/\/thepointsguy.com\/credit-cards\/no-annual-fee\/\" rel=\"noopener noreferrer\" target=\"_blank\">no-annual-fee credit card bonuses<\/a>.<\/p>\n<figure class=\"jsx-4252866712 tpg-figure\">\n<div style=\"padding-top:0\" class=\"jsx-36530878 full-width-auto-height-image\"><span style=\"box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative\"><span style=\"box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:66.625%\"\/><noscript><img alt=\"\" loading=\"lazy\" decoding=\"async\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%\" sizes=\"100vw\" srcset=\"https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/01\/Bank-of-America-Customized-Cash-Rewards.jpg?width=640 640w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/01\/Bank-of-America-Customized-Cash-Rewards.jpg?width=750 750w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/01\/Bank-of-America-Customized-Cash-Rewards.jpg?width=828 828w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/01\/Bank-of-America-Customized-Cash-Rewards.jpg?width=1080 1080w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/01\/Bank-of-America-Customized-Cash-Rewards.jpg?width=1200 1200w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/01\/Bank-of-America-Customized-Cash-Rewards.jpg?width=1920 1920w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/01\/Bank-of-America-Customized-Cash-Rewards.jpg?width=2048 2048w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/01\/Bank-of-America-Customized-Cash-Rewards.jpg?width=3840 3840w\" src=\"https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/01\/Bank-of-America-Customized-Cash-Rewards.jpg?width=3840\"\/><\/noscript><\/span><\/div><figcaption class=\"jsx-4252866712 figcaption\">THE POINTS GUY<\/figcaption><\/figure>\n<p>If you&#8217;re interested in travel, specifically, a $200 bonus isn&#8217;t going to get you a round-trip ticket internationally. Still, you can find some domestic fares for under $200, depending on where you live. Plus, $200 is a nice discount on a more expensive plane ticket. You can also use the bonus cash back to cover general expenses, which may be preferable for those not traveling soon.<\/p>\n<p><strong>Related: <a href=\"https:\/\/thepointsguy.com\/credit-cards\/cash-back-vs-points-and-miles\/\" rel=\"noopener noreferrer\" target=\"_blank\">Cash-back vs. points-and-miles credit cards<\/a><\/strong><\/p>\n<p><a id=\"customized-cash-rewards-card-benefits\" class=\"jsx-3480274316 anchor\"\/><\/p>\n<h2 class=\"jsx-3480274316\">Customized Cash Rewards Card benefits<\/h2>\n<p>The <span class=\"jsx-eb69f9b09a3de1d0 jsx-eea0d1f218f5e80b\"><a href=\"https:\/\/thepointsguy.com\/apply-now\/bank-of-america-cash-rewards-credit-card\/?tid=post\" rel=\"noreferrer noopener\" target=\"_blank\" class=\"jsx-eb69f9b09a3de1d0 jsx-eea0d1f218f5e80b applyLink inherit\">Customized Cash Rewards Card<\/a><\/span> charges no annual fee, so don&#8217;t expect premium benefits like lounge access or travel credits.<\/p>\n<div class=\"&#10;        EmailSignUp_container__70lh2&#10;        undefined&#10;        EmailSignUp_isLoading__zGkU5&#10;      \"><picture class=\"EmailSignUp_graphic__AEA5s\"><source media=\"screen and (max-width: 767px)\" srcset=\"\/images\/EmailSignUp\/daily-mob.svg\"\/><img decoding=\"async\" alt=\"\" src=\"https:\/\/thepointsguy.com\/images\/EmailSignUp\/daily-dt.svg\"\/><\/picture>\n<div class=\"EmailSignUp_form__cnneL\">\n<p>Daily Newsletter<\/p>\n<p>Reward your inbox with the TPG Daily newsletter<\/p>\n<p>Join over 700,000 readers for breaking news, in-depth guides and exclusive deals from TPG\u2019s experts<\/p>\n<\/div>\n<\/div>\n<figure class=\"jsx-4252866712 tpg-figure\">\n<div style=\"padding-top:0\" class=\"jsx-36530878 full-width-auto-height-image\"><span style=\"box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative\"><span style=\"box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:66.6875%\"\/><img alt=\"\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%\"\/><noscript><img alt=\"\" loading=\"lazy\" decoding=\"async\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%\" sizes=\"100vw\" srcset=\"https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/04\/Photo-of-person-holding-smart-phone-with-credit-score_SolStock.jpg?width=640 640w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/04\/Photo-of-person-holding-smart-phone-with-credit-score_SolStock.jpg?width=750 750w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/04\/Photo-of-person-holding-smart-phone-with-credit-score_SolStock.jpg?width=828 828w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/04\/Photo-of-person-holding-smart-phone-with-credit-score_SolStock.jpg?width=1080 1080w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/04\/Photo-of-person-holding-smart-phone-with-credit-score_SolStock.jpg?width=1200 1200w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/04\/Photo-of-person-holding-smart-phone-with-credit-score_SolStock.jpg?width=1920 1920w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/04\/Photo-of-person-holding-smart-phone-with-credit-score_SolStock.jpg?width=2048 2048w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/04\/Photo-of-person-holding-smart-phone-with-credit-score_SolStock.jpg?width=3840 3840w\" src=\"https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/04\/Photo-of-person-holding-smart-phone-with-credit-score_SolStock.jpg?width=3840\"\/><\/noscript><\/span><\/div><figcaption class=\"jsx-4252866712 figcaption\">SOLSTOCK\/GETTY IMAGES<\/figcaption><\/figure>\n<p>The card&#8217;s main asset is its rewards structure, which we&#8217;ll dig into below. Otherwise, the card offers standard credit card protections and benefits, including account alerts, a way to <a href=\"https:\/\/thepointsguy.com\/guide\/free-fico-score-credit-cards\/\" rel=\"noopener noreferrer\" target=\"_blank\">check your FICO score for free<\/a> and <a href=\"https:\/\/thepointsguy.com\/credit-cards\/how-to-prevent-credit-card-fraud\/\" rel=\"noopener noreferrer\" target=\"_blank\">fraud protection<\/a>.<\/p>\n<p><a id=\"earning-cash-back-on-the-customized-cash-rewards-card\" class=\"jsx-3480274316 anchor\"\/><\/p>\n<h2 class=\"jsx-3480274316\">Earning cash back on the Customized Cash Rewards Card<\/h2>\n<p>For a card with <a href=\"https:\/\/thepointsguy.com\/credit-cards\/no-annual-fee\/\" rel=\"noopener noreferrer\" target=\"_blank\">no annual fee<\/a>, the <span class=\"jsx-eb69f9b09a3de1d0 jsx-eea0d1f218f5e80b\"><a href=\"https:\/\/thepointsguy.com\/apply-now\/bank-of-america-cash-rewards-credit-card\/?tid=post\" rel=\"noreferrer noopener\" target=\"_blank\" class=\"jsx-eb69f9b09a3de1d0 jsx-eea0d1f218f5e80b applyLink inherit\">Customized Cash Rewards Card<\/a><\/span> fields a generous rewards structure \u2014 especially for Bank of America customers who qualify for the <a href=\"https:\/\/thepointsguy.com\/news\/critical-points-stop-ignoring-bofa-preferred-rewards\/\" rel=\"noopener noreferrer\" target=\"_blank\">Preferred Rewards program<\/a>.<\/p>\n<figure class=\"jsx-4252866712 tpg-figure\">\n<div style=\"padding-top:0\" class=\"jsx-36530878 full-width-auto-height-image\"><span style=\"box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative\"><span style=\"box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:66.6875%\"\/><img alt=\"\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%\"\/><noscript><img alt=\"\" loading=\"lazy\" decoding=\"async\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%\" sizes=\"100vw\" srcset=\"https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/07\/Man-talking-to-friend-in-driver-seat-at-gas-station_Maskot.jpg?width=640 640w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/07\/Man-talking-to-friend-in-driver-seat-at-gas-station_Maskot.jpg?width=750 750w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/07\/Man-talking-to-friend-in-driver-seat-at-gas-station_Maskot.jpg?width=828 828w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/07\/Man-talking-to-friend-in-driver-seat-at-gas-station_Maskot.jpg?width=1080 1080w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/07\/Man-talking-to-friend-in-driver-seat-at-gas-station_Maskot.jpg?width=1200 1200w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/07\/Man-talking-to-friend-in-driver-seat-at-gas-station_Maskot.jpg?width=1920 1920w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/07\/Man-talking-to-friend-in-driver-seat-at-gas-station_Maskot.jpg?width=2048 2048w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/07\/Man-talking-to-friend-in-driver-seat-at-gas-station_Maskot.jpg?width=3840 3840w\" src=\"https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/07\/Man-talking-to-friend-in-driver-seat-at-gas-station_Maskot.jpg?width=3840\"\/><\/noscript><\/span><\/div><figcaption class=\"jsx-4252866712 figcaption\">MASKOT\/GETTY IMAGES<\/figcaption><\/figure>\n<p>Cardholders earn 3% cash back on one of the following categories: gas and EV charging stations, online shopping (including cable, streaming, internet, and phone services), dining, travel, drugstores or home improvement\/furnishings. You&#8217;ll also earn 2% cash back at <a href=\"https:\/\/thepointsguy.com\/credit-cards\/grocery\/\" rel=\"noopener noreferrer\" target=\"_blank\">grocery stores and wholesale clubs<\/a>. Note that there&#8217;s a $2,500 cap on combined 3% and 2% cash back purchases each quarter. Beyond that, you&#8217;ll earn 1% cash back.<\/p>\n<figure class=\"jsx-4252866712 tpg-figure\">\n<div style=\"padding-top:0\" class=\"jsx-36530878 full-width-auto-height-image\"><span style=\"box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative\"><span style=\"box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:66.6875%\"\/><img alt=\"\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%\"\/><noscript><img alt=\"\" loading=\"lazy\" decoding=\"async\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%\" sizes=\"100vw\" srcset=\"https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/01\/Person-buying-fresh-fruit-and-vegetables-at-local-market_-AleksandarNakic.jpg?width=640 640w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/01\/Person-buying-fresh-fruit-and-vegetables-at-local-market_-AleksandarNakic.jpg?width=750 750w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/01\/Person-buying-fresh-fruit-and-vegetables-at-local-market_-AleksandarNakic.jpg?width=828 828w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/01\/Person-buying-fresh-fruit-and-vegetables-at-local-market_-AleksandarNakic.jpg?width=1080 1080w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/01\/Person-buying-fresh-fruit-and-vegetables-at-local-market_-AleksandarNakic.jpg?width=1200 1200w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/01\/Person-buying-fresh-fruit-and-vegetables-at-local-market_-AleksandarNakic.jpg?width=1920 1920w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/01\/Person-buying-fresh-fruit-and-vegetables-at-local-market_-AleksandarNakic.jpg?width=2048 2048w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/01\/Person-buying-fresh-fruit-and-vegetables-at-local-market_-AleksandarNakic.jpg?width=3840 3840w\" src=\"https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/01\/Person-buying-fresh-fruit-and-vegetables-at-local-market_-AleksandarNakic.jpg?width=3840\"\/><\/noscript><\/span><\/div><figcaption class=\"jsx-4252866712 figcaption\">ALEKSANDARNAKIC\/GETTY IMAGES<\/figcaption><\/figure>\n<p>Bank of America allows you to change your selected 3% cash back category each month, so you can easily customize this rewards structure to fit your needs. Are you going on a trip in the winter? Select travel as your bonus category for the month you book your trip. Plan on replacing some of the plumbing in your bathroom in the fall? Pick home services that month to earn bonus rewards on the service.<\/p>\n<h3>Maximizing cash back with Preferred Rewards<\/h3>\n<p>If you are eligible to enroll in <a href=\"https:\/\/thepointsguy.com\/guide\/all-about-bank-of-america-preferred-rewards\/\" rel=\"noopener noreferrer\" target=\"_blank\">Bank of America Preferred Rewards<\/a>, this card could earn even more cash back. To enroll, you&#8217;ll need an eligible Bank of America personal checking account and a three-month average combined balance of $20,000 or more in a Bank of America or Merrill investment account. You can fall into three tiers based on your three-month average account balance, and you earn a cash back bonus of 25%-75%, depending on your tier. Here&#8217;s how it all adds up.<\/p>\n<div class=\"jsx-3709662331 tpg-table \">\n<div tabindex=\"0\" class=\"jsx-3709662331\">\n<table class=\"jsx-3709662331\">\n<thead class=\"jsx-3709662331\">\n<tr class=\"jsx-3709662331\">\n<th class=\"jsx-3709662331\">Spending categories<\/th>\n<th class=\"jsx-3709662331\"><strong>Regular cardholder<\/strong><\/th>\n<th class=\"jsx-3709662331\"><strong>Tier 1 \u2014 Gold ($20,000 \u2014 $49,999)<\/strong><\/p>\n<p>25% bonus<\/p>\n<\/th>\n<th class=\"jsx-3709662331\"><strong>Tier 2 \u2014 Platinum ($50,000 \u2014 $99,999)<\/strong><\/p>\n<p>50% bonus<\/p>\n<\/th>\n<th class=\"jsx-3709662331\"><strong>Tier 3 \u2014 Platinum Honors ($100,000 &#8211; $1M)<\/strong><\/p>\n<p>75% bonus<\/p>\n<\/th>\n<th class=\"jsx-3709662331\"><strong>Tier 4 &#8211; Diamond ($1M &#8211; $10M)<\/strong><\/p>\n<p>75%<\/p>\n<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"jsx-3709662331\">\n<tr class=\"jsx-3709662331\">\n<td>3% bonus category<\/td>\n<td>3% cash back<\/td>\n<td>3.75% cash back<\/td>\n<td>4.5% cash back<\/td>\n<td>5.25% cash back<\/td>\n<td>5.25% cash back<\/td>\n<\/tr>\n<tr class=\"jsx-3709662331\">\n<td>2% bonus categories<\/td>\n<td>2% cash back<\/td>\n<td>2.5% cash back<\/td>\n<td>3% cash back<\/td>\n<td>3.5% cash back<\/td>\n<td>3.5% cash back<\/td>\n<\/tr>\n<tr class=\"jsx-3709662331\">\n<td>Other spending<\/td>\n<td>1% cash back<\/td>\n<td>1.25% cash back<\/td>\n<td>1.5% cash back<\/td>\n<td>1.75% cash back<\/td>\n<td>1.75% cash back<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<p>The Preferred Rewards program also offers an interest-rate booster for eligible savings accounts, among other banking and investment perks.<\/p>\n<p>If you qualify for Platinum Honors or higher, you can earn up to $131.25 in bonus cash each quarter. That&#8217;s $525 every year for only $10,000 in annual bonus-category spending. Remember that this card doesn&#8217;t charge an annual fee, so for those who already qualify for the Preferred Rewards program, you&#8217;re essentially getting up to $525 in free bonus cash back annually.<\/p>\n<p><strong>Related: <a href=\"https:\/\/thepointsguy.com\/news\/critical-points-stop-ignoring-bofa-preferred-rewards\/\" rel=\"noopener noreferrer\" target=\"_blank\">Stop ignoring Bank of America&#8217;s Preferred Rewards program<\/a><\/strong><\/p>\n<p><a id=\"redeeming-cash-back-on-the-customized-cash-rewards-card\" class=\"jsx-3480274316 anchor\"\/><\/p>\n<h2 class=\"jsx-3480274316\">Redeeming cash back on the Customized Cash Rewards Card<\/h2>\n<p>Unfortunately, the redemption options for the <span class=\"jsx-eb69f9b09a3de1d0 jsx-eea0d1f218f5e80b\"><a href=\"https:\/\/thepointsguy.com\/apply-now\/bank-of-america-cash-rewards-credit-card\/?tid=post\" rel=\"noreferrer noopener\" target=\"_blank\" class=\"jsx-eb69f9b09a3de1d0 jsx-eea0d1f218f5e80b applyLink inherit\">Customized Cash Rewards Card<\/a><\/span> are limited. You currently have four options:<\/p>\n<ol>\n<li>Redeem your cash back as a statement credit.<\/li>\n<li>Deposit your cash back into an eligible Bank of America checking or savings account or Merrill account.<\/li>\n<li>Redeem as a contribution to a qualifying 529 plan with Merrill.<\/li>\n<li>Redeem for a check.<\/li>\n<\/ol>\n<p>Note that you can redeem your rewards for a statement credit with no minimum, but there is a minimum of $25 per redemption with any of the other three options.<\/p>\n<p>If you are an existing Bank of America or Merrill customer, you can easily use your cash back to contribute to your accounts. However, if you&#8217;re hoping to find added value by redeeming for travel, this card isn&#8217;t the best fit.<\/p>\n<figure class=\"jsx-4252866712 tpg-figure\">\n<div style=\"padding-top:0\" class=\"jsx-36530878 full-width-auto-height-image\"><span style=\"box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative\"><span style=\"box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:66.6875%\"\/><img alt=\"\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%\"\/><noscript><img alt=\"\" loading=\"lazy\" decoding=\"async\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%\" sizes=\"100vw\" srcset=\"https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/10\/Person-paying-with-credit-card-at-restaurant_Olga-Rolenko.jpg?width=640 640w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/10\/Person-paying-with-credit-card-at-restaurant_Olga-Rolenko.jpg?width=750 750w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/10\/Person-paying-with-credit-card-at-restaurant_Olga-Rolenko.jpg?width=828 828w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/10\/Person-paying-with-credit-card-at-restaurant_Olga-Rolenko.jpg?width=1080 1080w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/10\/Person-paying-with-credit-card-at-restaurant_Olga-Rolenko.jpg?width=1200 1200w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/10\/Person-paying-with-credit-card-at-restaurant_Olga-Rolenko.jpg?width=1920 1920w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/10\/Person-paying-with-credit-card-at-restaurant_Olga-Rolenko.jpg?width=2048 2048w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/10\/Person-paying-with-credit-card-at-restaurant_Olga-Rolenko.jpg?width=3840 3840w\" src=\"https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/10\/Person-paying-with-credit-card-at-restaurant_Olga-Rolenko.jpg?width=3840\"\/><\/noscript><\/span><\/div><figcaption class=\"jsx-4252866712 figcaption\">OLGA ROLENKO\/GETTY IMAGES<\/figcaption><\/figure>\n<p>You&#8217;ll get a fixed-rate value of 1 cent per dollar regardless of how you redeem your rewards. Although savvy travelers might find cash back lackluster as a rewards option, <a href=\"https:\/\/thepointsguy.com\/credit-cards\/airlines\/beginners\/\" rel=\"noopener noreferrer\" target=\"_blank\">beginner travelers<\/a> or those just looking to <a href=\"https:\/\/thepointsguy.com\/credit-cards\/everyday-spending\/\" rel=\"noopener noreferrer\" target=\"_blank\">save on everyday expenses<\/a> will enjoy the simplicity of the rewards program. You don&#8217;t have to worry about <a href=\"https:\/\/thepointsguy.com\/guide\/monthly-valuations\/\" rel=\"noopener noreferrer\" target=\"_blank\">reward valuations<\/a> shifting or subpar redemption options. No matter how you plan on redeeming, you&#8217;re getting the same value out of cash back.<\/p>\n<p>For instance, TPG credit card writer <a href=\"https:\/\/thepointsguy.com\/author\/ethompson\/\" rel=\"noopener\" target=\"_blank\">Emily Thompson<\/a> uses cash-back cards in her credit card strategy because of their versatility to cover anything from travel expenses to unexpected home repairs.<\/p>\n<p><strong>Related: <a href=\"https:\/\/thepointsguy.com\/credit-cards\/why-need-cash-back-credit-card\/\" rel=\"noopener\" target=\"_blank\">Why you should keep a cash-back card in your wallet<\/a><\/strong><\/p>\n<p><a id=\"which-cards-compete-with-the-customized-cash-rewards-card\" class=\"jsx-3480274316 anchor\"\/><\/p>\n<h2 class=\"jsx-3480274316\">Which cards compete with the Customized Cash Rewards Card?<\/h2>\n<p>For existing Bank of America customers, other <a href=\"https:\/\/thepointsguy.com\/credit-cards\/bank-of-america\/\" rel=\"noopener noreferrer\" target=\"_blank\">Bank of America credit cards<\/a> are the most direct competitors of the <span class=\"jsx-eb69f9b09a3de1d0 jsx-eea0d1f218f5e80b\"><a href=\"https:\/\/thepointsguy.com\/apply-now\/bank-of-america-cash-rewards-credit-card\/?tid=post\" rel=\"noreferrer noopener\" target=\"_blank\" class=\"jsx-eb69f9b09a3de1d0 jsx-eea0d1f218f5e80b applyLink inherit\">Customized Cash Rewards Card<\/a><\/span> and other issuers&#8217; cash back cards.<\/p>\n<p><em>The information for the U.S. Bank Cash+\u00ae has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.<\/em><\/p>\n<p>For additional options, see our full list of <a href=\"https:\/\/thepointsguy.com\/credit-cards\/bank-of-america\/\" rel=\"noopener\" target=\"_blank\">the best Bank of America <\/a>and <a href=\"https:\/\/thepointsguy.com\/credit-cards\/cash-back\/\" rel=\"noopener\" target=\"_blank\">cash-back credit cards<\/a>.<\/p>\n<p><strong>Related: <a href=\"https:\/\/thepointsguy.com\/guide\/best-credit-cards-customizable-rewards\/\" rel=\"noopener\" target=\"_blank\">Best credit cards with customizable rewards<\/a><\/strong><\/p>\n<p><a id=\"is-the-customized-cash-rewards-card-worth-it\" class=\"jsx-3480274316 anchor\"\/><\/p>\n<h2 class=\"jsx-3480274316\">Is the Customized Cash Rewards Card worth it?<\/h2>\n<p>With <a href=\"https:\/\/thepointsguy.com\/credit-cards\/no-annual-fee\/\" rel=\"noopener noreferrer\" target=\"_blank\">no annual fee<\/a> and a high earning potential for cardholders who qualify for <a href=\"https:\/\/thepointsguy.com\/guide\/all-about-bank-of-america-preferred-rewards\/\" rel=\"noopener noreferrer\" target=\"_blank\">Bank of America Preferred Rewards\u00ae<\/a>, this card is great for busy families or those whose spending habits fluctuate throughout the year. However, the card limits its bonus categories to $2,500 in combined spending each quarter, so those who spend more than that might find more value with another card.<\/p>\n<p><a id=\"bottom-line\" class=\"jsx-3480274316 anchor\"\/><\/p>\n<h2 class=\"jsx-3480274316\">Bottom line<\/h2>\n<p>If you qualify for Preferred Rewards through Bank of America, the <span class=\"jsx-eb69f9b09a3de1d0 jsx-eea0d1f218f5e80b\"><a href=\"https:\/\/thepointsguy.com\/apply-now\/bank-of-america-cash-rewards-credit-card\/?tid=post\" rel=\"noreferrer noopener\" target=\"_blank\" class=\"jsx-eb69f9b09a3de1d0 jsx-eea0d1f218f5e80b applyLink inherit\">Bank of America Customized Cash Rewards Card<\/a><\/span> has the potential to offer lucrative rewards for smaller budgets. However, those who don&#8217;t bank with Bank of America will probably get more value from one of our other <a href=\"https:\/\/thepointsguy.com\/credit-cards\/best\/\" rel=\"noopener\" target=\"_blank\">favorite credit cards<\/a>.<\/p>\n<hr class=\"jsx-3272990499\"\/>\n<p><strong>Apply here: <span class=\"jsx-eb69f9b09a3de1d0 jsx-eea0d1f218f5e80b\"><a href=\"https:\/\/thepointsguy.com\/apply-now\/bank-of-america-cash-rewards-credit-card\/?tid=post\" rel=\"noreferrer noopener\" target=\"_blank\" class=\"jsx-eb69f9b09a3de1d0 jsx-eea0d1f218f5e80b applyLink inherit\">Bank of America Customized Cash Rewards credit card<\/a><\/span><\/strong><\/p>\n<hr class=\"jsx-3272990499\"\/><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/thepointsguy.com\/guide\/customized-cash-rewards-card-review\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bank of America Customized Cash Rewards credit card overview The Bank of America\u00ae Customized Cash Rewards credit card is a solid cash-back credit card, offering a customizable rewards structure that is great for anyone whose spending habits change throughout the year. The card can become especially lucrative for anyone with significant banking or investing relationships [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":71161,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":{"0":"post-71160","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-travel"},"_links":{"self":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/71160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=71160"}],"version-history":[{"count":0,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/71160\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/71161"}],"wp:attachment":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=71160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=71160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=71160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}