The Bank of America® Customized Cash Rewards credit card is one of the most valuable cash back cards available right now — especially with its new first-year bonus.

With this offer, you can earn 6% cash back for the first year in the category of your choice. That means you’ll get one of the highest cash back rates on the market — in whichever category you want.

Here’s what to know about this lucrative first-year bonus.

Choose how you earn your 6% back

Stick with me now, because this card’s rewards are confusing on paper (but simple in practice).

Earn 6% cash back for the first year in the category of your choice, 2% cash back at grocery stores and wholesale clubs, and unlimited 1% cash back on all other purchases. Earn 6% and 2% cash back on the first $2,500 in combined purchases each quarter in the choice category, and at grocery stores and wholesale clubs, then earn unlimited 1% thereafter. After the first year from account opening, you’ll earn 3% cash back on purchases in your choice category and 2% cash back at grocery stores and wholesale clubs up to the quarterly maximum.

All purchases outside those two categories earn 1% cash back, too.

Now for the really good part: Your bonus category options.

  • Gas and EV charging stations
  • Online shopping, streaming, cable, internet, and phone plans
  • Dining
  • Travel
  • Drugstores and pharmacies
  • Home improvement and furnishings

You can change your category each month through the Bank of America website or mobile app. If you don’t make a change, your last selection stays active.

Lastly, you’ll also qualify for the usual welcome offer of $200 cash back after making $1,000 in purchases in the first 90 days of account opening — a nice cherry on top.

Ready to start earning up to 6% cash back for the first year in the category of your choice? Apply for the Bank of America® Customized Cash Rewards credit card now.

Preferred Rewards members earn even more

If you’re a Bank of America Preferred Rewards® member, you can get even more cash back. Depending on your tier, you’ll get a 25% to 75% bonus on every purchase.

Here’s what that could mean:

  • Your 3% category could go up to 3.75% to 5.25% (after the first-year bonus ends)
  • Your 2% at grocery stores and wholesale clubs could rise to 2.50%-3.50%
  • Your base 1% on all other purchases could go up to 1.25%-1.75%

The first-year bonus isn’t eligible for the Preferred Rewards boost, but you’ll still be set up for the long run if you’re a Bank of America member.

Get it all with no annual fee and 0% intro APR

Last but not least: This card charges a $0 annual fee and comes with 0% intro APR for 15 billing cycles for any balance transfers made in the first 60 days and 15 billing cycles on purchases. After that, a 18.24% – 28.24% (Variable) APR applies.

This means it’s also a great choice for financing big purchases or paying off transferred debt. If you’re looking for a versatile cash back credit card with a lucrative first-year bonus, you can’t go wrong with the Bank of America® Customized Cash Rewards credit card.

What are you waiting for? Apply for the Bank of America® Customized Cash Rewards credit card now to rack up rewards in the category of your choice today.

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