Customized Cash Rewards - Cash Back Calculator & Benefits

Bank of America Cash Back Calculator
Calculate how much cash back you can earn with the Bank of America Customized Cash Rewards credit card when earning 3% back on a category of your choice.
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Last Updated 2021-12-21

The Bank of America® Customized Cash Rewards credit card is great no-annual fee option if you're looking to earn 3% back on a category of your choice along with 2% back on grocery store and wholesale club purchases.

The card works best if you're a Preferred Rewards client which can earn you a 25% to 75% rewards bonus meaning that you could earn up to 5.25% back on the category of your choice, up to 3.5% on grocery and wholesale club, and up to 1.75% on everything else.

Pair the Customized Cash Rewards credit card with the Bank of America® Unlimited Cash Rewards credit card and you'll have yourself an excellent 2-card combination for earning easy cash back.

Card Details At-A-Glance

Issuing Bank
Card Network
Rewards Earned
Annual Fee
Authorized User Fee
Foreign Transaction Fee
Income Requirement
Bank of America® Customized Cash Rewards credit card
Bank of America® Customized Cash Rewards credit card
Intro Bonus
$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening
Rewards Rate
3%
Earn 3% cash back in the category of your choice (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases).
2%
Earn automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases).
1%
Earn unlimited 1% on all other purchases.
Main Card Highlights
  • No annual fee
  • $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening
  • Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases
  • 0% Introductory APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 13.99% - 23.99% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers
  • No expiration on rewards
  • If you're a Preferred Rewards member, you can earn 25% - 75% more cash back on every purchase
  • Contactless Cards - The security of a chip card, with the convenience of a tap
Annual Fee
$0
Authorized User Fee
$0
Foreign Transaction Fee
3%

Customized Cash Rewards Bonus Categories

The Customized Cash Rewards credit card features the following bonus categories and earning rates:

You'll earn bonus cash back on up to $2,500 per quarter in combined spend between the selected category, grocery stores, and wholesale club purchases. After this cap is hit, you'll earn at the non-category rate of 1% cash back across all three categories for the remainder of the quarter.

3% On Select Category

With the Customized Cash Rewards credit card, you'll be able to choose one select category to earn 3% cash back in. Non-selected categories will earn at the non-category rate of 1% cash back.

2% Grocery Stores

The Customized Cash Rewards credit card earns 2% cash back on grocery store purchases.

2% Wholesale Clubs

The Customized Cash Rewards credit card earns 2% cash back on wholesale club purchases.

1% Everything Else

All other purchases made to the Customized Cash Rewards credit card will earn 1% cash back.

Customized Cash Rewards 3% Categories

You can select one of the following six categories to earn 3% cash back in with the Customized Cash Rewards credit card:

You'll earn 1% cash back on the unselected categories.

Gas Station

When selected, the Customized Cash Rewards credit card will earn 3% cash back on gas station purchases. These are purchases made at merchants whose primary function is to sell gasoline.

Online Shopping

When selected, the Customized Cash Rewards credit card will earn 3% cash back on online shopping. This includes a very wide range of categories and is typically the most popular category on the card, especially if frequently shop online.

Examples of online shopping for the Customized Cash Rewards credit card includes:

  • Travel (Delta, Hertz, Marriott, Uber)
  • Entertainment (Ticketmaster, Events, Concerts)
  • Retail (Etsy, QVC, Groupon, Macy's)
  • Electronics (Best Buy, Apple, Microsoft)
  • Food & Grocery (Starbucks, Walmart, Target)

Dining

When selected, the Customized Cash Rewards credit card will earn 3% cash back on dining purchases.

Travel

When selected, the Customized Cash Rewards credit card will earn 3% cash back on travel. This includes airfare, hotels, car rentals, and other travel related purchases.

Do note that travel purchases made online can fall under online shopping. So if you purchase travel online more often than in person, choosing Online Shopping as your 3% cash back category could earn you more cash back.

Drugstore

When selected, the Customized Cash Rewards credit card will earn 3% cash back on drugstore purchases.

Home Improvement & Furnishings

When selected, the Customized Cash Rewards credit card will earn 3% cash back on home improvement and furnishings purchases.

Customized Cash Rewards Benefits

The Customized Cash Rewards credit card features the following card benefits:

Preferred Rewards Client Bonus

As a Preferred Rewards Client, you'll be able to earn between 25% and 75% bonus points on purchases made to the Customized Cash Rewards credit card. The amount of bonus points you earn is based on how much you have invested with Bank of America, Merrill Edge, or Merrill Lynch on a 3-month average across accounts.

Preferred Rewards
Tier Bonus Points
Preferred Rewards Gold 25% Bonus
Preferred Rewards Platinum 50% Bonus
Preferred Rewards Platinum Honors, Diamond, or Diamond Honors 75% Bonus

Customized Cash Rewards Cash Back Calculator

Calculate how much cash back you can earn with the Customized Cash Rewards credit card based on your spend. Results can be compared side by side any U.S. credit card featured on the site.

Any spend entered into the primary card column (the first column) will carry over to all credit card calculators on the site, so there's no need to re-enter spend when viewing other credit cards.

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Credit Cards
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Compare A Card
Add a credit card to compare side by side based on spend, benefits and fees.
Card Selected: -
Category Spending
Change the order of the categories in the Category Spending section. This has an impact on cards that have spend limits and bonus caps on categories.
Resets all fields in the Category Spending section for all columns. Also clears all saved spend values that carry from calculator to calculator.
Add Categories
Search for categories and click 'Add Category' to add it to the calculator. If you want to be more specific, you can specify domestic or international spend.
Type at least 3 characters.
Currently Selected:
Spend Region:
Category Spending Total
The amount of rewards earned from card spending.
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Rewards & Bonuses
Extra Value
Use this field to add additional rewards to include in the calculation such as an intro or signup bonus.
Rewards & Bonus Total
The amount of rewards earned from card bonuses.
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Total Rewards
Grand Total
The total amount of rewards earned from the Category Spending and Rewards & Bonuses sections.
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Calculate Rewards Average Value
How much is 0 worth?
Average Value
This is how much we value the rewards earned with the card on average based on our valuations. Cards that may offer bonus/additional value are reflected here.
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Transfers To Partners
Redemptions to do with transferring rewards to partner loyalty programs and redeeming them for high value (when applicable). These redemption values typically require knowledge of the best transfer partners.
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Cash Back, Statement Credits
Redemptions to do with turning your rewards into cash back or using it as a statement credit to offset purchases made to the card.
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Travel
Redemptions to do with using your rewards towards travel such as airfare, hotels, and car rentals (not including transfers to partners).
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Gift Cards
Redemptions to do with using your rewards towards the purchase of gift cards.
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Calculate Reward Transfers To Partners
Calculate Card Cash Value
Grand Total
The total amount of rewards earned from the Category Spending and Rewards & Bonuses sections.
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Currency Worth
Enter how much you value a single rewards point or mile in cents or regional currency equivalent (X.XX). The value of cash back cannot be changed.
Rewards Cash Value
The average cash value of rewards earned in the Grand Total section based on the set Currency Worth.
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Monetary Bonuses
Extra Cash Value
Use this field to add additional cash value to the calculations.
Total Cash Value
The total cash value of all listed benefits plus the cash value of rewards earned.
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Fees
Annual Fee
This is the fee you must pay annually to have the card.
Authorized User Fee
This is the cost to add additional users or supplemental cards to the account. Enter total amount of authorized users.
#
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Total Card Value
Total Card Value
The final cash value of the credit card(s).
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Bank of America Credit Cards

Click on a Bank of America credit card to calculate total rewards and the card's cash value based on your spend, how much you value the benefits, and annual fees.

Spend entered into credit card calculators will roll over to other credit card calculators on the site, so there's no need to re-enter spend when browsing credit cards.

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