Bank of America® Customized Cash Rewards for Students Bonus Categories
No annual fee. 3 bonus categories benefits, with what each is worth and the limits that apply.
- Annual fee
- No fee
- Estimated value
- $115/yr
- Benefits
- 3
3% Cash Back in Your Choice Category
3x pointsPick your top spending category each month and earn 3% back (6% in year one). Switch once per month.
Pro Tips
- 1Choose online shopping if you shop frequently on Amazon — it covers the broadest range of merchants.
- 2Switch your category each month to match your biggest upcoming expense.
Value Analysis
- Estimated Value
- $60
BofA Rewards Cash Back Boost
Bonus earningBofA Rewards members boost every purchase — turn 3% into up to 5.25% cash back.
Pro Tips
- 1At Premier tier ($1M+ balance), your 3% choice category becomes 5.25% — one of the highest flat rates available.
Value Analysis
- Estimated Value
- $25
2% Cash Back at Grocery Stores and Wholesale Clubs
2x pointsEarn 2% cash back at grocery stores and wholesale clubs automatically — no enrollment needed.
Pro Tips
- 1This stacks with the choice category under a shared $2,500 quarterly cap — track your spending.
Value Analysis
- Estimated Value
- $30