No annual fee1
Up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases
You can choose a different 3% category for future purchases once each calendar month in our award-winning Mobile Banking app2 or Online Banking. To help you see what is most rewarding to you, you can view a snapshot of your prior spending for each of the 3% choice categories.
Preferred Rewards lets you enjoy real benefits and rewards on your everyday Bank of America® banking, including a 25%-75% cash back bonus on every purchase. That means the 3% choice category could go up to 5.25% cash back and the 2% at grocery stores and wholesale clubs could go up to 3.5%, for the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter, and the 1% for all other purchases could go up to 1.75%.
With the new Bank of America Cash Rewards card, you have the power to choose which category you’d like to earn 3% cash back in.
Would you like 3% cash back on gas?
Or 3% cash back on Travel?
Perhaps drugstores would be a better pick.
Or maybe dining is more your thing.
Whether you’re into online shopping…
or home improvement and furnishings, you can choose to earn cash back in one of six categories.
And no matter what you decide, you’ll automatically earn 2% cash back at grocery stores and wholesale clubs.
Plus earn unlimited 1% cash back on all other purchases.
We’ve made maximizing your cash back quick and easy.
Access your account through the mobile app or online banking.
View a snapshot of your prior spending to help you plan for future purchases.
Change your category up to once per month with a few taps and clicks.
And you’re done.
And now the process of redeeming your rewards is just as simple as earning them.
Multiple choices; no wrong answers.
Because it’s all about you and your priorities at the moment.
And for Preferred Rewards clients things get even more rewarding.
Get a 25% to 75% rewards bonus on every purchase.
Which means that numbers like this could go all the way up to this!
Why choose a different cash rewards card when there’s one that lets you choose for yourself?
What would you like the power to do?