Bank of America® Customized Cash Rewards Secured Cash Back
No annual fee. One cash back benefit, with what each is worth and the limits that apply.
- Annual fee
- No fee
- Benefit
- 1
Quarterly Spending Cap
Bonus earningCombined 3% and 2% category spending is capped at $2,500 per calendar quarter ($1 = 1% thereafter).
Pro Tips
- 1Plan large grocery or choice category purchases to stay within the quarterly limit when possible
- 2Use the 1% base rate on spending exceeding the cap—it still provides cash back value
- 3Track your progress through Bank of America's app to know when you're approaching the limit
- 4The quarterly reset provides high-earner flexibility across multiple quarters each year