Bank of America Customized Cash Rewards cashback rate, cap and annual fee
Bank of America Customized Cash Rewards pays 3% at your chosen category, 2% on groceries and 1% on everything else.
Bank of America · United States · catalogue v101
Read from Bank of America's own published terms on 16 Sep 2026.
NoneAnnual fee
USD 2,500Spend at these rates, each quarter
3%Best rate
What it pays, by category
| Spending | Rate | Monthly cap |
|---|---|---|
| your chosen categoryeverything else | 3.00% | —One category you choose, and only one — the other five earn the 1% base rate. The options are Gas & EV Charging Stations, Online Shopping, Dining, Tra |
| groceries | 2.00% | —2% at grocery stores and wholesale clubs, automatic rather than chosen. Shares the USD 2,500 quarterly allowance with the chosen 3% category. |
| everything else | 1.00% | —Earn 1% cash back on all other Net Purchases charged to the card each billing cycle, as the base earn rate. |
The advertised 6% is a first-year rate; 3% is what the card pays after that, and 3% is what is recorded here. The choice category can be changed once a calendar month.
Questions people ask
What cashback does the Bank of America Customized Cash Rewards pay?
3% at your chosen category, 2% on groceries and 1% on everything else.
Is there a cap on the Bank of America Customized Cash Rewards?
No monthly cap is published on the rates shown here.
What is the annual fee on the Bank of America Customized Cash Rewards?
No annual fee.
Knowing the rate is not the same as remembering it
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