Bank of America® Customized Cash Rewards Secured Bonus Categories
No annual fee. 2 bonus categories benefits, with what each is worth and the limits that apply.
- Annual fee
- No fee
- Estimated value
- $250/yr
- Benefits
- 2
2% Cash Back Groceries & Wholesale
2x pointsEarn 2% cash back on grocery stores and warehouse club purchases (subject to quarterly cap).
Pro Tips
- 1Warehouse clubs count toward the 2% category, providing flexibility in how you allocate spending
- 2Track spending at both grocery stores and warehouse clubs toward your $2,500 cap
- 3Pair with your choice category selection for optimized rewards across multiple categories
Value Analysis
- Estimated Value
- $100
3% Cash Back Choice Category
3x pointsEarn 3% cash back (6% first year) in gas, shopping, dining, travel, drugstores, or home improvement.
Pro Tips
- 1Choose the category where you spend most to maximize first-year bonus impact
- 2Track your $2,500 quarterly spending cap across both the 3% and 2% categories combined
- 3Rotate your choice category annually (if permitted) to align with seasonal spending patterns
- 4First-year 6% bonus is one of the highest secured card earn rates available
Value Analysis
- Estimated Value
- $150