Chase Freedom Flex
chase
4.5 / 5
- Welcome
- $200 cash
- Annual fee
- $0
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Bank of America · customized cash
Bank of America Customized Cash Rewards
4.4 / 5
Cash back · Personal card
The best no-fee category card for BofA banking customers. Preferred Rewards turns 3% into 5.25% on the category you spend the most on.
At a glance
Issuer terms- Welcome bonus
- $200 cash
- Spend $1,000 in 3 months
- Annual fee
- $0
- Purchase APR
- 18.24% to 28.24%
- Intro: 0% for 15 months
- FX fee
- 3%
- BT intro: 0% for 15 months
Editorial
Our take
The best no-fee category card for BofA banking customers. Preferred Rewards turns 3% into 5.25% on the category you spend the most on.
Verdict
Pros & cons
Pros
- Choose your own 3% category, change monthly
- Preferred Rewards boost adds up to 75% more rewards
- 15-cycle 0% intro APR on purchases and balance transfers
- No annual fee
Cons
- $2,500 quarterly cap across the 3% and 2% tiers combined
- 3% foreign transaction fee
- Best math requires being a BofA banking customer
Earnings
Earn rates
| Category | Rate | Notes |
|---|---|---|
| Chosen Category | 3% | Pick one of 6 categories (gas, online shopping, dining, travel, drugstores, home improvement) for 3% back. Up to $2,500 quarterly across 3% and 2% combined.·cap $2,500 |
| Grocery And Wholesale | 2% | Automatic 2% at grocery stores and wholesale clubs. Quarterly $2,500 cap shared with 3% category.·cap $2,500 |
| All other purchases | 1% |
Benefits
Key benefits
3% on the category you pick
Change your 3% category once per calendar month.
Preferred Rewards boost
BofA banking customers earn up to 75% more rewards under Preferred Rewards.
15 billing cycles 0% APR
On both purchases and qualifying balance transfers.
No annual fee
Keep it open year over year without a holding cost.
Fit
Who this is best for
- Bank of America Preferred Rewards members
- Households with one dominant spend category
- Anyone who wants 3% on online shopping or dining without an annual fee
FAQ
Frequently asked questions
What is the BofA Customized Cash welcome bonus?
Earn $200 in online cash rewards after spending $1,000 in purchases in the first 90 days.
Does the BofA Customized Cash charge an annual fee?
No. The BofA Customized Cash has a $0 annual fee.
Does the BofA Customized Cash have a foreign transaction fee?
Yes. The BofA Customized Cash charges a 3% foreign transaction fee on purchases made outside the US.
Does the BofA Customized Cash offer a 0% intro APR?
Yes. The card offers an intro APR of 0% for 15 months on purchases. The ongoing purchase APR is 18.24% to 28.24% variable.
Who is the BofA Customized Cash best for?
Bank of America Preferred Rewards members. Households with one dominant spend category. Anyone who wants 3% on online shopping or dining without an annual fee.
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Apply
Bank of America Customized Cash Rewards
Spend $1,000 in 3 months
Rates accurate as of May 15, 2026. Issuer terms.