Decide which is the best for you: Bank of America® Customized Cash Rewards or Bank of America® Unlimited Cash Rewards.

Bank of America is one of the largest and world’s leading financial institutions. It serves individuals, small and middle-market businesses, governments, large corporations, and more.

In addition, it offers a full range of financial products and services that goes from credit cards to investment and risk management.

This bank is driven to provide a positive impact and allow progress to clients, communities, and stakeholders.

For over 240 years, it has continued to deliver what really matters to its customers, especially when it comes to reaching success.

So, today we are going to compare two of its credit cards. There are rewards, no annual fee, reasonable interest rates, and bonuses.

Check it out!

Bank of America® Customized Cash Rewards is that type of card that invites you to be its cardholder. 

It offers a great welcome bonus with $200 online cash rewards and 3% cash back in the category of your choice, including gas, travel, dining, online shopping, drug stores, home improvement & furnishings.

Also, it provides you with an introductory APR of 0% for the first 15 billing cycles for purchases and any balance transfers made within the first 60 days from the account opening.

Then, the variable interest rates go from 13.99% to 23.99%, and a 3% fee will apply to all balance transfers, with a minimum of $10.

Moreover, you earn rewards on every purchase you make. So, 3% cash back in the category of your choice that can be changed using the Online Banking or Mobile App.

Plus, 2% cash back at grocery stores and wholesale clubs – limited for the first $2,500 in the combined choice category, grocery store, wholesale club purchases per quarter –and 1% cash back on everything else.

You can increase your rewards by participating in the Preferred Rewards program, which allows you to earn from 25% to 75% more cash back on purchases.

There is no annual fee, and you get the security package from Bank of America.

Bank of America® Unlimited Cash Rewards lives up to its name. So, you earn unlimited 1.5% cash back on all purchases with no limit and no expiration date.

Like the other card, it offers an introductory APR of 0% for the first 15 billing cycles for purchases and any balance transfers for the first 60 days from the account opening. 

Furthermore, you get the chance to participate in a program called Preferred Rewards, which gives you the opportunity to enhance your reward rate from 25% to 75%.

This credit card also doesn’t charge an annual fee, and it offers a $0 Liability Guarantee for fraudulent transactions, overdraft protection, account alerts, and more.

If you spend a lot of money on gas, travel, dining, online shopping, drug stores, home improvement & furnishings, this reward card is for you since the highest tier of cash back is settled in those categories.

Also, there is an introductory APR, unlike many other credit cards in the market.

And, it doesn’t charge an annual fee. 

Like the Unlimited Cash Rewards credit card, this one provides you with a great welcome bonus.

Moreover, Bank of America offers security features so you can feel peace of mind knowing you will be protected.

Like its similar card above, this one also doesn’t charge an annual fee and offers security features.

However, it offers a lower tier of rewards. Even though it is less than the Customized Cash Rewards, the cash back is unlimited and doesn’t expire.

Unfortunately, the highest bonus rates are limited to $2,500 spent in specific categories each quarter.

Also, it charges a 3% balance transfer fee and a 3% foreign transaction fee.

Although the rewards are not limited and don’t expire, the base rate of 1.5% is quite low compared to other credit card offerings.

The same as the other Bank of America card above, this one requires at least a good credit score for the application.

And, it charges a 3% fee for each balance transfer.

If you have at least a good credit score, one of these cards can be a great deal for you. So, if you spend a lot of money on gas, travel, dining, online shopping, drug stores, home improvement & furnishings, you should stick with the Customized Cash Rewards credit card.

However, if you want unlimited cash back on all purchases, Unlimited Cash Rewards might be an excellent choice for you.

But, if you need a third option, check out our next suggestion, the Huntington Bank Voice Rewards card.