Bank of America® Customized Cash Rewards Secured vs Choice Privileges Select Mastercard
Annual fees: Bank of America® Customized Cash Rewards Secured $0/yr, Choice Privileges Select Mastercard $95/yr. Strongest bonus categories: Bank of America® Customized Cash Rewards Secured on dining, Choice Privileges Select Mastercard on gas stations.
Card data as of October 12, 2026.
Bank of America® Customized Cash Rewards SecuredBank of America · No annual fee
Choice Privileges Select MastercardWells Fargo · $95/yr
Overview
- Annual fee
- Bank of America® Customized Cash Rewards Secured$0LowestChoice Privileges Select Mastercard$95
- Welcome offerCurrent public offer
- Bank of America® Customized Cash Rewards Secured—Choice Privileges Select Mastercard60,000 points
- Rewards
- Bank of America® Customized Cash Rewards SecuredCash backChoice Privileges Select MastercardChoice Privileges Points
- Foreign transaction fee
- Bank of America® Customized Cash Rewards Secured3%Choice Privileges Select MastercardNoneLowest
- Network
- Bank of America® Customized Cash Rewards SecuredVisaChoice Privileges Select MastercardMastercard World Elite
Earn ratesPer $1 spent · points and cash back aren’t ranked against each other
- Gas Stations
- Bank of America® Customized Cash Rewards Secured3%Choice Privileges Select Mastercard5x
- Grocery Stores
- Bank of America® Customized Cash Rewards Secured2%Choice Privileges Select Mastercard5x
- Home Improvement
- Bank of America® Customized Cash Rewards Secured3%Choice Privileges Select Mastercard5x
- Telecom
- Bank of America® Customized Cash Rewards Secured3%Choice Privileges Select Mastercard5x
- Cable TV
- Bank of America® Customized Cash Rewards Secured3%Choice Privileges Select Mastercard1x
- Dining
- Bank of America® Customized Cash Rewards Secured3%Choice Privileges Select Mastercard1x
- Drugstores
- Bank of America® Customized Cash Rewards Secured3%Choice Privileges Select Mastercard1x
- Online Shopping
- Bank of America® Customized Cash Rewards Secured3%Choice Privileges Select Mastercard1x
- Streaming
- Bank of America® Customized Cash Rewards Secured3%Choice Privileges Select Mastercard1x
- Travel
- Bank of America® Customized Cash Rewards Secured3%Choice Privileges Select Mastercard1x
- Wholesale Clubs
- Bank of America® Customized Cash Rewards Secured2%Choice Privileges Select Mastercard1x
- Everything else
- Bank of America® Customized Cash Rewards Secured1%Choice Privileges Select Mastercard1x
Statement creditsAs the issuer states them · — means none on record
- Travel
- Bank of America® Customized Cash Rewards Secured—Choice Privileges Select Mastercard
- $120 Global Entry/TSA PreCheck credit · $120 every 4 years
Perks & access— means none on record
- Hotel status & programs
- Bank of America® Customized Cash Rewards Secured—Choice Privileges Select Mastercard
- Automatic Platinum Elite status
- Other perks
- Bank of America® Customized Cash Rewards Secured
- Periodic deposit refund reviews
- Tap-to-pay contactless chip technology
- Apple Pay, Google Pay & Samsung Pay compatible
Choice Privileges Select Mastercard- No foreign transaction fees
Protections & insuranceLimits where published · — means none on record
- Purchase & returns
- Bank of America® Customized Cash Rewards Secured
- Zero Liability on unauthorized charges
Choice Privileges Select Mastercard- Zero Liability on unauthorized transactions
- Cell phone
- Bank of America® Customized Cash Rewards Secured—Choice Privileges Select Mastercard
- Up to $800 cell phone protection
- Other protections
- Bank of America® Customized Cash Rewards Secured
- Monthly reporting to all 3 credit bureaus
- Monthly FICO score monitoring
- 24/7 fraud monitoring on all transactions
- Overdraft protection with Balance Connect
- 24/7 lost/stolen card assistance worldwide
Choice Privileges Select Mastercard- 24/7 lost/stolen card assistance worldwide
Pros & cons
- Pros
- Bank of America® Customized Cash Rewards Secured—Choice Privileges Select Mastercard
- Automatic Platinum Elite status with meaningful benefits
- Industry-leading 10x earning at Choice Hotels
- Strong 5x earning on gas, grocery, home improvement, and phone plans
- 30,000 anniversary bonus points (worth ~$180 in stays)
- 20 elite night credits annually
- Cons
- Bank of America® Customized Cash Rewards Secured—Choice Privileges Select Mastercard
- $95 annual fee that may be hard to justify for occasional guests
- Higher $3,000 spend requirement for welcome bonus vs no-fee card
- Choice Hotels limited to economy and midscale properties
- Points value relatively low compared to premium hotel programs
- No lounge access or premium travel benefits
Category-by-Category Winner
The Choice Privileges Select Mastercard wins in 4 of 4 categories. The Bank of America® Customized Cash Rewards Secured leads in 0. 7 more categories depend on booking channel or caps.
Grocery Stores
Choice Privileges Select Mastercard earns 5X vs 2X
Wholesale Clubs
Depends: up to $2,500/quarter
Bank of America® Customized Cash Rewards Secured earns 2X when conditions are met; Choice Privileges Select Mastercard earns 1X (1X without restrictions)
Dining
Depends: up to $2,500/quarter
Bank of America® Customized Cash Rewards Secured earns 3X when conditions are met; Choice Privileges Select Mastercard earns 1X (1X without restrictions)
Drugstores
Depends: up to $2,500/quarter
Bank of America® Customized Cash Rewards Secured earns 3X when conditions are met; Choice Privileges Select Mastercard earns 1X (1X without restrictions)
Gas Stations
Choice Privileges Select Mastercard earns 5X vs 3X
Home Improvement
Choice Privileges Select Mastercard earns 5X vs 3X
Online Shopping
Depends: up to $2,500/quarter
Bank of America® Customized Cash Rewards Secured earns 3X when conditions are met; Choice Privileges Select Mastercard earns 1X (1X without restrictions)
Streaming
Depends: up to $2,500/quarter
Bank of America® Customized Cash Rewards Secured earns 3X when conditions are met; Choice Privileges Select Mastercard earns 1X (1X without restrictions)
Telecom
Choice Privileges Select Mastercard earns 5X vs 3X
Cable TV
Depends: up to $2,500/quarter
Bank of America® Customized Cash Rewards Secured earns 3X when conditions are met; Choice Privileges Select Mastercard earns 1X (1X without restrictions)
Travel
Depends: up to $2,500/quarter
Bank of America® Customized Cash Rewards Secured earns 3X when conditions are met; Choice Privileges Select Mastercard earns 1X (1X without restrictions)
Year One vs Ongoing Value
Modeled net value (bonus categories at unconditional rates, caps applied). Spend mix: dining 15%, groceries 15%, gas 10%, travel 10%, everything else 50%. Statement credits use the same recurring usable estimates as each card's detail page; first-year-only credits count in year one only. Welcome offers valued at each card's program rate shown on this page.
Modeled value is close across spend levels — especially once statement credits are counted.
| Scenario | Bank of America® Customized Cash Rewards Secured | Choice Privileges Select Mastercard | Ongoing winner | Year-one winner |
|---|---|---|---|---|
| Light spender: $1,000/month | Rewards: $120 Credits (our usable estimate): $0 − Annual fee ($0) Ongoing: $120 Year one: $120 | Rewards: $192 Credits (our usable estimate): $30 − Annual fee ($95) Ongoing: $127 Year one: $607 | Close — depends on how much of the credits you use | Choice Privileges Select Mastercard |
| Heavy spender: $4,000/month | Rewards: $480 Credits (our usable estimate): $0 − Annual fee ($0) Ongoing: $480 Year one: $480 | Rewards: $768 Credits (our usable estimate): $30 − Annual fee ($95) Ongoing: $703 Year one: $1,183 | Choice Privileges Select Mastercard | Choice Privileges Select Mastercard |
Is the Fee Difference Worth It?
The Choice Privileges Select Mastercard costs $95/yr — that's $95 more than the Bank of America® Customized Cash Rewards Secured (no annual fee). To justify that gap, you need to extract at least $95 in annual value from the card's higher earn rates and benefits.
The Choice Privileges Select Mastercard includes Global Entry/TSA PreCheck credit. Those perks are not included in the earn-rate scenario table above — compare their dollar value to the $95 fee gap for your own usage.
Bottom line: Use the year-one vs ongoing table for modeled earn value at your spend level. The $95 fee gap means the Choice Privileges Select Mastercard needs roughly $95 more in annual rewards (or credits you will use) to break even on gas stations and grocery stores and everyday spend.
What You Give Up
Choosing one card means missing out on these benefits from the other.
Choosing Bank of America® Customized Cash Rewards Secured means losing:
- -Global Entry credit
Which Card Is Right for You?
Get the Bank of America® Customized Cash Rewards Secured if you:
- +Spend $300+/month on restaurants and dining out
The Bottom Line
Modeled value is close across spend levels — especially once statement credits are counted.
Published annual fees: Bank of America® Customized Cash Rewards Secured $0/yr, Choice Privileges Select Mastercard $95/yr — a $95 difference before welcome offers and credits.
Frequently Asked Questions
- Is the Choice Privileges Select Mastercard worth the higher annual fee?
- The Choice Privileges Select Mastercard costs $95/yr vs $0/yr for the Bank of America® Customized Cash Rewards Secured. Compare the year-one vs ongoing value table on this page — the $95 gap must be offset by higher earn rates, welcome offers, or credits you will use.
- Which card earns more rewards, the Bank of America® Customized Cash Rewards Secured or Choice Privileges Select Mastercard?
- Both cards earn 1X on everyday purchases. The difference is in bonus categories — check the earn rate comparison above for a full breakdown.
- What benefits does the Bank of America® Customized Cash Rewards Secured have that the Choice Privileges Select Mastercard doesn't?
- The Bank of America® Customized Cash Rewards Secured focuses on earn rates, while the Choice Privileges Select Mastercard offers cell phone protection.
- Should I get the Bank of America® Customized Cash Rewards Secured or the Choice Privileges Select Mastercard?
- Use the spend scenarios on this page: the Bank of America® Customized Cash Rewards Secured has a lower $0/yr fee; the Choice Privileges Select Mastercard must earn enough extra (or offer a larger welcome bonus) to justify $95/yr.
Editorial disclosure: CardRewards.ai is an independent comparison service. Card data comes from issuers' published terms; catalog last published October 12, 2026, and each card page shows when its terms were last checked. Card issuers do not influence our rankings or content.