This Credit Card Is a Home Decor Superstar
KEY POINTS
- The Bank of America® Customized Cash Rewards credit card offers cardholders the choice of six 3% bonus categories.
- The card also earns 2% cash back at warehouse clubs and grocery stores.
- Bank of America Preferred Rewards members benefit even more from this card.
Housewares are some of my favorite items to shop for -- I just love hunting for sheets, towels, candles, and more. And since I just bought a house of my own a few months ago, I've been going hard on these purchases.
Thankfully, I already had the perfect credit card to cover my trips to the hardware store and my favorite home furnishings store. Learn more about the Bank of America® Customized Cash Rewards credit card -- is it a fit for you?
On Bank of America's Secure Website.
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Good/Excellent (670-850)
Intro APR 0% Intro APR for 15 billing cycles for purchases. 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days. After the intro APR offer ends, 18.49% - 28.49% Variable APR on purchases and balance transfers will apply. A 3% fee for 60 days from account opening, then 4% fee applies to all balance transfers.
Purchases: 0% Intro APR for 15 billing cycles for purchases
Balance Transfers: 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days
Regular APR
18.49% - 28.49% (Variable)
Rewards 3% cash back in the category of your choice, 2% at at grocery stores and wholesale clubs for the first $2,500 in combined choice category/grocery store/wholesale club quarterly purchases, 1% on all other purchases.
1% - 3% cash back
Annual Fee
$0
Welcome Offer $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening
$200 cash back
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This card's wide range of extra cash back options speaks for itself, with a choice of six bonus categories you can change monthly for 3% earnings in the category of your choice. And you can earn 2% back automatically at grocery stores and wholesale clubs. No annual fee and a nice welcome bonus also make this one a winner. Plus, if you're a Bank of America Preferred Rewards member, this card will be even more valuable for you.
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- Competitive welcome bonus
- Bonus cash back in a category of your choice
- No annual fee
- Great 0% intro & transfer APR offer
- Relationship rewards bonus
- Foreign transaction fee
- Limit on bonus cash back
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- $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
- Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases.
- Choose 3% cash back on gas and EV charging station, online shopping/cable/internet/phone plan/streaming, dining, travel, drug store/pharmacy or home improvement/furnishings purchases.
- If you're a Bank of America Preferred Rewards® member, you can earn 25%-75% more cash back on every purchase. That means you could earn 3.75%-5.25% cash back on purchases in your choice category.
- No annual fee and cash rewards don’t expire as long as your account remains open.
- 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 18.49% - 28.49% will apply. A 3% Intro balance transfer fee will apply for the first 60 days your account is open. After the Intro balance transfer fee offer ends, the fee for future balance transfers is 4%.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
A great card for homeowners and amateur interior decorators
The Bank of America® Customized Cash Rewards credit card is an excellent fit for my new life as a homeowner in two different ways.
Home improvement/furnishings bonus category
The trick to this card is right in the name: "customized." You get your choice of 3% bonus categories, and you can change it up every month if you wish. If you're a homeowner, the one that should catch your eye is home improvement and furnishings.
Since I closed on my house, I've spent a lot of time and money at Lowe's, Home Depot, and At Home -- and I've earned 3% cash back on my purchases from these stores. Owning a home isn't cheap, but it makes me feel a bit better knowing that whether I'm buying new door locks, paint, or a fire pit for my backyard, I end up with cash back.
Higher earning rate at wholesale clubs
I also finally bit the bullet and joined Costco not long ago. There isn't a warehouse location particularly close to me, but I've placed orders from Costco.com and visited the store in person once so far, and I used this Bank of America card for all my purchases.
With it, I earn 2% cash back at warehouse clubs, which means money back on my bulk nonperishable goods -- and also Costco's selection of home decor and furnishings (which is vast). So far, I've added an adorable fuzzy blanket to my couch and scored an incredible deal on an animatronic alien for my front yard for future trick-or-treaters.
Why else should you consider this Bank of America card?
Even if you're not as into home decor and furnishings as I am (hey, it takes all kinds!), the Bank of America® Customized Cash Rewards credit card could still be a fit for you because its other 3% bonus categories and perks are worth a closer look.
The other five bonus categories you get to choose from every month are:
- Gas and EV charging stations
- Online shopping (including cable, internet, phone plans, and streaming)
- Dining
- Travel
- Drug stores and pharmacies
You also earn 2% cash back at regular grocery stores and 1% cash back on all other purchases. Your 2% and 3% earnings are capped at $2,500 of spending each quarter (you earn 1% cash back on these categories once you've hit this threshold).
I've had this card in my wallet since 2018, and no matter what was happening in my life, it was always one of my regular go-tos. When I drove a lot more frequently, I had my bonus category set to gas, and before I became a homeowner, I used it for all my non-Amazon online shopping. In short, it's a versatile card -- and comes without a $0 annual fee.
Annual fee cards offer great perks -- but if you want high bonus rates for free, check out our favorite no annual fee cards.
A special perk for Preferred Rewards members
If you're a Bank of America Preferred Rewards member (meaning you're deeply embedded in the Bank of America ecosystem and have a lot of money in bank accounts and Merrill investment accounts), this card is even more valuable. You'll earn 25% to 75% more, depending on your account balances with Bank of America.
The Bank of America® Customized Cash Rewards credit card could be a solid fit for just about anyone -- even if the thought of spending a Saturday afternoon looking for home decor doesn't appeal to you. I recommend checking it out.
Our Research Expert
Ashley Maready changed careers from museum operations and management to writing and editing in 2021. She has a passion for teaching others about better living through improving your finances.
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