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Card reviewBank of America
Updated Aug 2, 2026 · research
Bank of America® Customized Cash Rewards Credit Card for Students
Bank of AmericaBofA Rewards™

Bank of America® Customized Cash Rewards Credit Card for Students

Start building a successful financial future while earning cash back in the category of your choice.

Entry LevelPersonal
Visa
$0
Annual fee
6% back choice category (first year)
Top rate
N/A
Foreign fee
N/A
Rating

Current Welcome Offer

Earn $200

Spend $1,000 in 90 days

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Card Offers

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Earn $200

Verified

Spend $1,000 in 90 days

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Earning Rates

Choice Category (First Year)
6%cash back

First year bonus. Applies to choice category: gas and EV charging stations; online shopping, including cable, internet, phone plans and streaming; dining; travel; drug stores and pharmacies; or home improvement and furnishings. Combined with grocery/wholesale purchases, capped at $2,500 of purchases per quarter, then 1% thereafter.

Choice Category (After First Year)
3%cash back

After first year. Applies to choice category: gas and EV charging stations; online shopping, including cable, internet, phone plans and streaming; dining; travel; drug stores and pharmacies; or home improvement and furnishings. Combined with grocery/wholesale purchases, capped at $2,500 of purchases per quarter, then 1% thereafter.

Grocery Stores and Wholesale Clubs
2%cash back

Combined with choice category, capped at $2,500 of purchases per quarter, then 1% thereafter.

All Other Purchases
1%cash back

Unlimited 1% cash back on all other purchases.

Pros & Cons

Pros

  • No annual fee
  • 6% cash back in choice category for first year
  • 0% intro APR for 15 billing cycles on purchases and balance transfers
  • $200 welcome bonus after $1,000 spend in 90 days
  • Flexible monthly changeable choice categories

Cons

  • Quarterly $2,500 cap on combined bonus category spending
  • Cash back in choice category drops to 3% after first year
  • High variable APR of 17.49% to 27.49% after intro period
  • Balance transfer fees apply

Key Takeaways

  • Earn up to 6% cash back in a choice category for the first year on up to $2,500 quarterly combined with groceries and wholesale clubs
  • $200 bonus after $1,000 spend in 90 days
  • 0% intro APR for 15 billing cycles
  • No annual fee for students with fair credit
  • Choice categories changeable monthly

Fees

Fee TypeAmount
Annual Fee$0

APR Information

Purchase APR
17.49% - 27.49%0% intro APR for 15 months
Balance Transfer APR
17.49% - 27.49%0% intro APR for 15 months

APRs shown are variable and may change based on the Prime Rate. Your actual APR will be determined based on your creditworthiness.

Card Benefits

3 benefits

Lifestyle Benefits

Other Insurance

Coverage Tier Legend

Best in ClassIndustry-leading coverage
StrongAbove average
StandardTypical coverage
LimitedBelow average

Hidden Gems

Monthly changeable choice categories

Users can select from gas/EV, online shopping, dining, travel, drug stores, or home improvement each month via app or online for optimized rewards.

Intro balance transfer fee reduction

Balance transfers within 60 days incur only a 3% fee instead of the standard 5%.

EV charging and streaming included

Gas/EV charging counts as a choice category, and online shopping covers cable, internet, phone, and streaming services.

Frequently Asked Questions

What is the annual fee for this card?
The card has no annual fee. This applies every year.
What are the cash back earning rates?
Earn 6% cash back in the choice category for the first year, then 3% thereafter. Earn 2% at grocery stores and wholesale clubs. Earn 1% on all other purchases. Bonus categories share a $2,500 quarterly cap.
What is the welcome bonus?
Cardholders earn a $200 cash rewards bonus after spending $1,000 on purchases within the first 90 days.
What are the intro APR details?
The card offers 0% intro APR for 15 billing cycles on purchases and balance transfers made within 60 days. The variable APR after that ranges from 17.49% to 27.49%.
What choice categories are available?
Choice categories include gas and EV charging, online shopping including cable internet phone and streaming, dining, travel, drug stores and pharmacies, and home improvement and furnishings. Categories can be changed monthly via app or online.
What are the balance transfer fees?
There is a 3% intro balance transfer fee on transfers within the first 60 days, then 5% after that.
What credit score is needed?
The card requires fair credit. It is an entry-level student card.

About This Card

This card suits students with fair credit who want customizable cash back rewards and a long intro APR period to manage purchases or transfers while building credit.

Earn 3% cash back (6% for the first year) in the category of your choice, 2% at grocery stores and wholesale clubs, and unlimited 1% on all other purchases (on up to $2,500 in combined choice category/grocery store/wholesale club purchases each quarter).

It differentiates in the student card tier with 6% first-year cash back in a customizable category and a 15-billing-cycle 0% intro APR.

Ready to Decide?

Apply for the Bank of America® Customized Cash Rewards Credit Card for Students

Earn $200 with no annual fee.

Spend $1,000 in 90 days

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Rewards program

BofA Rewards™

Earns Cash Back

Card Categories

Cash backStudentNo Annual FeeCredit buildingIntro APR

Sources & Methodology

Data Collection

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  • 3 of 3 benefits rated high confidence
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