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Credit Cards With Big Cash Back and Bonuses

by Wise Bread Staff - Last updated Feb 07, 2024

Curated by Wise Bread Team

Plus Pay no Interest Until 2025

Bank of America Customized Cash Rewards

  • $200 online bonus offer.
  • 3% cash back on online shopping, drug stores, travel, dining, home improvement and furniture, or gas. Up to 5.25% for Preferred Rewards clients.
  • Long Intro APR - Stop thinking about interest for over a year.
  • No annual fee.

The Bank of America® Customized Cash Rewards credit card's $200 bonus offer and 3% cash back is an exceptional deal.

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!

The long Intro APR period on purchases and balance transfers is great for financing big purchases —  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, automatic 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. Choose 3% cash back on gas and EV charging station, online shopping/cable/internet/phone plan/streaming, dining, travel, drug store/pharmacy or home improvement/furnishing purchases:

  • Online Shopping (including Cable, Streaming, Internet and Phone Services)
  • Drug Stores
  • Dining
  • Travel
  • Gas (including Electric Vehicle Charging (EVC) Stations)
  • 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 some 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 a top-notch feature. It applies to all online retailers

The 3% back for drugstores is perfect for purchasing medication and household goods. The 3% gas is great for road trips, travel bookings, and commuting.

Up to 5.25% Cash Back

Bank of America’s Preferred Rewards clients earn an extra 25%-75% bonus rewards. Imagine getting up to 5.25% cash back on on your choice of six categories, and at least 1.75% on all other purchases.

Bottom Line:

Bank of America Customized Cash Rewards is a fantastic deal — who doesn’t love a $200 bonus, intro APR for over a year, and no annual fee?

The high 3% cash back on online shopping, drug stores, dining, travel, furniture, or gas is quite exceptional for a no annual fee credit card. Bank of America Customized Cash Rewards is truly a phenomenal value.

That's why you might notice more people carrying this card. This combination of features is too good to pass up.

» Click here to apply for the $200 bonus offer and getting 3% cash back on online shopping or call Bank of America at 866-349-6262.

Apply Now   Apply Now   Apply Now  
at Bank of America's secure site
  • $200 online bonus offer.
  • 3% cash back on online shopping, drug stores, travel, dining, home improvement and furniture, or gas. Up to 5.25% for Preferred Rewards clients.
  • Intro APR - Stop thinking about interest for over a year.
  • No annual fee.

 

 

 

Remember: The highest paying cash back card for you is the one that’s right for your spending habits. That’s why we like the Bank of America Customized Cash Rewards card so much – it is a great fit for most people due to its flexibility and high rewards potential. However, there are a couple of special categories of rewards that might be better for some people under specific circumstances – like if you have bad credit, no credit history, drive professionally, have a household of 6 people worth of groceries to buy every week, etc. In these situations you might want to check out one of these other cards I've reviewed.

Our Backup Pick for $200 bonus

Our Backup Pick for $200 bonus

Our top pick – Bank of America’s Customized Cash Rewards card – has a great bonus offer as well as high cash rewards. However, if you already have that card here’s a backup pick: Capital One Quicksilver Rewards Card. Earn a one-time $200 cash bonus once you spend $500 on purchases within 3 months from account opening, and unlimited 1.5% cash back on every purchase. Like all the other cards on this list, there is no annual fee.

Our Pick For: Poor Credit or Rebuilding Credit

Our Pick For: Poor Credit or Rebuilding Credit Rates & Fees

If you have poor credit or need to rebuild your credit, the Discover it® Secured credit card might be a good option. Not sure if you have poor credit? If you made a couple of late bill payments in the last two years, you probably cannot qualify for the top tier reward cards. The top tier credit cards with $200 bonuses like the Bank of America card we reviewed above require excellent credit. The Discover it Secured credit card doesn't require good credit, but it does require a security deposit. It is one of the few trustworthy secured cards that actually offers a little bit of cash back on purchases. More importantly, this card will report your payment history to the three major credit bureaus, which will give you an opportunity to rebuild your credit while earning some rewards. 

Our Pick For: College Students

Our Pick For: College Students Rates & Fees

It is hard for college students to get high bonus credit cards because students often have no credit history. The credit reporting system known as FICO simply doesn’t have enough historical data from the college students to make a good determination. That’s why credit cards designed specifically for college students usually offer limited rewards and lower credit limits. The Discover it® Student Cash Back is one of my favorites for college students because they can earn rewards while building their credit history. Discover also offers college students the ability to view their FICO Score for free from their website or the Discover app.

Bottom Line: Final Thoughts on My Number 1 Pick

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 card 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!

» Click here to apply for the $200 bonus offer and getting 3% cash back on online shopping or call Bank of America at 866-349-6262.

Apply Now   Apply Now   Apply Now  
at Bank of America's secure site
  • $200 online bonus offer.
  • NEW 3% cash back on online shopping, drug stores, travel, dining, home improvement and furniture, or gas. Up to 5.25% for Preferred Rewards clients.
  • Best Intro APR - Stop thinking about interest for over a year.
  • No annual fee.