B of A Compliance Article

Written by Jasmin Baron

Jasmin Baron

Credit Cards, Travel Rewards, Loyalty Programs, Family Travel, Credit Building, Credit Scores

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Jasmin Baron is CardCritics’ senior editor, responsible for editing and writing credit cards, travel rewards, loyalty program, and other credit-related content. She is passionate about personal finance education and enjoys sharing tips and tricks for making the most credit card points and miles with her readers. Her expertise in maximizing credit card travel rewards originated from over two decades of aviation industry experience, including 18 years working as a pilot and college professor/flight instructor in her native Canada. Her work has appeared on sites such as CNN Underscored Money, Business Insider, The Points Guy, and point.me. When she’s not planning her next trip with credit card rewards, you’ll probably find her tinkering around in the kitchen, hanging out with her three kids, or playing with her dog, Benji.
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Edited by P. Griffiths

P. Griffiths

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Last Updated Oct 31, 2025

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Side By Side Comparison

Bank of America® Customized Cash Rewards credit card

4.2

CardCritics™ Rating

CardCritics™ uses a 5-star rating system determined by our editorial team. The comparison factors include annual fees, APRs, bonus offers, ongoing rewards, accessibility, redemption options, and more. These factors are then weighted by importance to focus on key features that are most important in each specific category.

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On Bank of America's secure site

Bank of America® Unlimited Cash Rewards credit card

4.5

CardCritics™ Rating

Apply Now

On Bank of America's secure site

Annual Fee

Purchase and Balance Transfer APR

Generous intro APR offer available. Select ‘Apply Now‘ to view the current offer terms.

Welcome Bonus

$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening

Ongoing Rewards

6% cash back for the first year in the category of your choice and 2% cash back at grocery stores and wholesale clubs for the first $2,500 in combined choice category / grocery store / wholesale club quarterly purchases.

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.

1% cash back on all other purchases.

If you’re a Bank of America Preferred Rewards® member, you can earn 25% – 75% more cash back on every purchase. The Preferred Rewards bonus is not applied to the 3% first year bonus.

2% cash back on all purchases for the first year from account opening.

1.5% cash back on all purchases after the first year from account opening.

If you’re a Bank of America Preferred Rewards® member, you can earn 25% – 75% more cash back on every purchase. The Preferred Rewards bonus does not apply to the .5% first year bonus.

Pros & Cons

PROS

Compelling and easily achievable bonus offer
Flexible cash back with the option to update your rewards category each month
Preferred Rewards® members can earn 25% – 75% more cash back on every purchase

CONS

Rewards categories have a $2,500 combined spending cap each quarter which limits your earning potential
There is a foreign transaction fee so it’s not the best option for purchases outside of the U.S.

PROS

Easily achievable bonus offer
Generous introductory APR periods
No annual fee

CONS

No bonus categories
There is a foreign transaction fee so it’s not the best option for purchases outside of the U.S

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Side By Side Comparison

Bank of America® Travel Rewards credit card

4.7

CardCritics™ Rating

Apply Now

On Bank of America's secure site

Bank of America® Premium Rewards® credit card

4.7

CardCritics™ Rating

Apply Now

On Bank of America's secure site

Annual Fee

$95

Purchase and Balance Transfer APR

Generous intro APR offer available. Select ‘Apply Now‘ to view the current offer terms.

Select ‘Apply Now‘ to view the current offer terms.

Welcome Bonus

25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening – that can be a $250 statement credit toward travel purchases

Receive 60,000 online bonus points – a $600 value – after you make at least $4,000 in purchases in the first 90 days of account opening

Ongoing Rewards

1.5 points per $1 spent on all purchases.

3 points per $1 spent on travel purchases booked through the Bank of America Travel Center.

If you’re a Bank of America Preferred Rewards® member, you can earn 25% – 75% more points on every purchase.

Earn unlimited 2 points for every $1 spent on travel and dining purchases.

Earn unlimited 1.5 points for every $1 spent on all other purchases.

If you’re a Bank of America Preferred Rewards® member, you can earn 25% – 75% more points on every purchase.

Pros & Cons

PROS

$0 annual fee
Flat-rate rewards keep things simple
No foreign transaction fees

CONS

Elevated points for certain purchase categories are limited
No additional travel perks offered

PROS

Exceptional and straightforward ongoing rewards
Annual airline incidental statement credits
No Foreign Transaction Fee

CONS

No intro APR period on purchases or balance transfers
Annual Fee

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Editorial Note: Any opinions, analyses, reviews or recommendations expressed are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.
*CardCritics™ references a FICO® 8 score, which is one of many different types of credit scores. A financial institution may use a different score when evaluating your application.