Bank of America Offers 6% Cash Back on New Card
New cardholders can earn 6% back on selected categories for one year and claim a $200 bonus after meeting spending requirements.
Updated on Oct. 21, 2026 in Credit Cards
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Bank of America is offering a 6% cash back rate on a selected spending category for the first year on its Customized Cash Rewards credit card. New account holders can also earn a $200 bonus by meeting a specific spending requirement within the first 90 days.
Why it matters
This introductory offer temporarily boosts the standard rewards rate by 3 percentage points, allowing cardholders to earn more on daily expenses. Users can optimize their return by adjusting their category selection monthly to match their shifting household spending.
The card offers 6% cash back for the first year, representing a 3 percentage point increase over the standard rate. Cardholders can also secure a $200 bonus by completing $1,000 in purchases within 90 days of account opening.
The players
Bank of America
A major financial institution offering credit cards, banking, and lending products to households across the United States.
The details
To earn the 6% rate, cardholders manage their rewards through the bank account interface and can update their selected category once per calendar month. Available categories include gas and EV charging by default, as well as online shopping, cable, internet, phone plans, streaming services, and travel. The card carries no annual fee, and the sign-up bonus is triggered automatically once the $1,000 spending threshold is met within the 90-day window.
Timeline
The 6% cash back rate is available for the first year of account ownership.
Cardholders have 90 days from opening an account to complete $1,000 in purchases for the bonus.
Selected cash back categories can be changed once per month.
Money Landscape
This promotional offer sits within the competitive market for no-annual-fee rewards cards that leverage flexible, user-selected spending categories. It follows a common industry trend of using temporary percentage-point increases to incentivize high initial engagement from new cardholders.
If you are considering this card, calculate whether your highest monthly expenses align with the offered categories like gas or online shopping to maximize the 6% return. Ensure you can comfortably meet the $1,000 spending threshold within 90 days before applying to secure the bonus.
The takeaway
This promotion provides an opportunity to increase rewards on essential spending if you actively manage your account category settings. Consider your typical monthly budget to determine if the specific categories offered align with your fixed expenses before opening a new credit line.
Further reading
For more on choosing the right card for your spending habits, visit our Credit Cards section.
Source note: This article includes information reported by InsideFlyer.
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