Bank of America® Customized Cash Rewards Credit Card for Students
Bank of America
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Is the Bank of America Customized Cash Rewards Credit Card for Students right for you?
The Bank of America Customized Cash Rewards Credit Card for Students is a no-annual-fee student cash-back card from Bank of America. Its strongest everyday earning is 6% on Choice Category, with 1% on most other purchases. With no fee, the question is simply whether 6% on Choice Category beats what your current card earns there.
Editor's note
The 6% rate is a first-year figure (3% plus a 3% first-year boost) on one category you choose, and it shares a $2,500 quarterly cap with grocery-store and wholesale-club purchases. Correction: our record listed 3% at grocery stores, but its own terms note says 2%, so we use 2%. The $200 bonus needs $1,000 in purchases in the first 90 days — a modest threshold, but not a reason to spend more than you planned.
Checked against the issuer's page on 2026-10-18.
Who it's for
- ✓ Students starting a credit history
- ✓ People who spend steadily on Choice Category, where it earns 6%
- ✓ Anyone who wants Choice Category rewards without paying an annual fee
Who should skip it
- — People who want a set-and-forget card
- — Heavy spenders outside Choice Category — everything else earns 1%
First-year value estimate
Year two, without the welcome bonus: about $270 before credits ($270 in rewards minus the $0 fee).
Assumptions
- $3,000 a year in Choice Category (6%) and $9,000 on everything else (1%) — $12,000 total, about $1,000 a month.
- Rewards valued at 1¢ per point or 1% cash back (cash-equivalent).
- Welcome bonus: the $200 bonus at face value ≈ $200.
- No annual fee in any year.
An illustration, not a promise of value. Change the spending to match yours; rewards are not cash until redeemed. Card data reviewed 2026-04-27.
How it compares
Rules and gotchas
- The welcome bonus requires $1,000 in 3 months — roughly $333 a month. That fits inside the $1,000 a month in our illustration.
- Bonus cap on Choice Category: 6% (3% + 3% first-year bonus) in your choice of category for the first year. Choose from: gas, online shopping, dining, travel, drug stores, or home improvement/furnishings. On up to $2,500/quarter, then 1%
- Bonus cap on Grocery & Wholesale: On up to $2,500 combined with choice category per quarter. Automatic 2% at grocery stores and wholesale clubs.
- The 6% rate on Choice Category includes a first-year boost; the estimate above uses it, so year two earns less.
Frequently asked questions
- Does the Bank of America Customized Cash Rewards Credit Card for Students have an annual fee?
- No. Our record lists a $0 annual fee for the Bank of America Customized Cash Rewards Credit Card for Students.
- What does the Bank of America Customized Cash Rewards Credit Card for Students earn?
- 6% on Choice Category, 2% on Grocery & Wholesale, and 1% on other purchases. Some bonus rates are capped; see the rules and gotchas above.
- Is the Bank of America Customized Cash Rewards Credit Card for Students worth it in the first year?
- Using our illustration ($12,000 of yearly spending, $3,000 of it in Choice Category), the first year comes out around $470 before credits, including a welcome bonus valued at $200. Year two drops to about $270 before credits.
- What credit do I need for the Bank of America Customized Cash Rewards Credit Card for Students?
- Our record lists "Fair" credit as the typical target for the Bank of America Customized Cash Rewards Credit Card for Students. It's built for students, so a limited credit history is expected. Bank of America makes the final decision based on its own criteria.
Earning Rates
Other Benefits
Other Benefits
Zero Liability protection for unauthorized transactions
Insurance
Sources
- https://www.bankofamerica.com/credit-cards/products/student-cash-back-credit-card/
- https://www.forbes.com/advisor/credit-cards/reviews/bank-of-america-cash-rewards-credit-card-for-students/
Last Updated: Apr 27, 2026