Best Cash Back Bonus Card of 2021

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at Bank of America's secure site
  • $200 bonus after $1,000 spend within 90 days.
  • No annual fee.
  • 3% cash back on category of your choice, up to $2,500 in combined choice & 2% category purchases per quarter.
  • 6 awesome categories like online shopping, dining, travel, gas, drug stores, etc.
  • 0% Intro APR for 15 billing cycles on purchases. 13.99% - 23.99% variable APR after.
  • Up to 5.25% cash back for Preferred Rewards customers.

Greg Go is a credit card expert whose expertise has been featured on US News & World Report,, and Yahoo! Finance.

The Bank of America® Customized Cash Rewards credit card’s $200 bonus offer and 3% cash back is one of the best deals I’ve seen in my years of writing about credit cards for Yahoo, US News, and Wise Bread.

If you apply online today you can receive a $200 online cash bonus after spending only $1,000 in the first 90 days of opening the account — that’s like earning 20% back on the first $1,000!

Looking to make a big purchase? This card's long intro period will save you a bundle. It's like taking a 15 month vacation from paying interest.

The card offers an incredible 3% cash back on your choice of six categories and 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases), and unlimited 1% on all other purchases. These are the categories that you can choose to earn 3%:

  • Online Shopping
  • Drug Stores
  • Dining
  • Travel
  • Gas
  • Home Improvement
Online Shopping Drug Stores Dining
Travel Gas Home Improvement

You choose the category you want to get 3% cash back for, and it stays on that category until you change it. Unlike other high cash back cards, there is no monthly activation required, and the categories don’t rotate. You can change the category once per calendar month.

The 3% for online shopping is my favorite in the industry. I already have this credit card and I love getting 3% back each time I shop online for everyday purchases.

I also like the 3% back for drugstores, which is perfect for families that buy a lot of household goods and medication. Around summer time I’ll be taking advantage of the 3% gas for road trips and travel bookings.

Up to 5.25% Cash Back

Bank of America’s Preferred Rewards clients earn an extra 25%-75% bonus rewards. As a long time Bank of America and Merrill Lynch customer, I’m excited about getting up to 5.25% cash back on an online purchase, and at least 1.75% on other purchases. This card’s extra bonus potential makes it one of the highest paying, no-annual fee cash back cards on the market.

Who Should Get This Card

Bank of America Customized Cash Rewards is a great fit for most people — who doesn’t love a $200 bonus, intro interest for over a year, and no annual fee?

The high 3% cash back on online shopping, drug stores, dining, travel, furniture, or gas is almost unheard of for a no annual fee credit card. Bank of America Customized Cash Rewards pretty much blows its leading competitors out of the water.

This is why I’ve personally been using this card for years and recommend it to all my friends. This combination of features is too good to pass up.