Cash Back card review
Bank of America® Customized Cash Rewards credit card
You pick the 3% category. With Preferred Rewards balances the rate climbs significantly.
Open to new applicantsPartly verified
Status
This is also the card most Spirit Airlines cardholders are being converted to following that airline's shutdown.
At a glance
Annual fee$0
Welcome offer6% cash back in your chosen category for the first year, plus a $200 cash rewards bonus
IssuerBank of America
Rewards programBank of America Cash Rewards
Foreign transaction feeNot confirmed
Welcome offer
6% cash back in your chosen category for the first year, plus a $200 cash rewards bonus.
Shown on Bank of America's own card listing page on 2 November 2026. The spend requirement was not displayed for the standard card.
Offers vary. Welcome offers on this card can differ by applicant, by referral and by the link you apply through. The figure above is what our source showed on the date given, not a guarantee of what you will be offered.
Earning rates
| Rate | On | Cap or condition |
|---|---|---|
| 6% | Your chosen category, first year only | Bank of America applies a combined quarterly cap on the bonus categories. Confirm the current figure. |
| 3% | Your chosen category after the first year | Same combined quarterly cap |
Benefits and credits
- No annual fee
- Preferred Rewards boost Qualifying Bank of America and Merrill balances increase the earning rate.
Restrictions worth knowing
- The bonus categories share a combined quarterly spending cap, which was not confirmed during this build.
- Bank of America's 2/3/4 application rule applies.
- The 6% rate is introductory and drops to 3% after the first year.
How to use it well
- Change your chosen category when your spending changes. Most people set it once and forget.
- The Preferred Rewards boost is the deciding factor. Without qualifying balances, a flat 2% card is often simpler and similar in value.
Sources and freshness
What we checked: Fee and welcome offer read from Bank of America's own listing page, 2 November 2026. The quarterly cap was not displayed and is deliberately not stated.
- Bank of America: credit cards — read November 2, 2026
Last updated: November 2, 2026.
Other Bank of America cards
- Bank of America® Unlimited Cash Rewards credit card — $0, open to new applicants
- Bank of America® Premium Rewards® credit card — $95, open to new applicants
- Bank of America® Travel Rewards credit card — $0, open to new applicants