Bank of America Customized Cash Rewards for Students
No annual fee · 1% on everything else · 3.0% foreign transaction fee
Earn rates · how we got this
| Category | Rate | Cap |
|---|---|---|
| Category of your choice (you pick) | 3% | on the first $2,500/quarter |
| Groceries | 2% | on the first $2,500/quarter |
| Everything else | 1% | uncapped |
See how it ranks: best groceries cards.
Non-cash perks
- Marketed to applicants with limited/no credit history
- Preferred Rewards bonus eligible
Does the fee earn out? · how we got this
No annual fee, so every point earned is pure upside. The question is only whether its rates beat the other cards already in your wallet — which depends on your spending, not the card.
Check the current offer on the issuer's site → Where a card link will appear once available — no link on this page pays us today.
Who this card is not for
Every point below is a term the issuer prints, read off this card's own row in our database — not an opinion about the card. two things on this card rule out a kind of spender:
- Anyone who spends abroad. Every purchase in a foreign currency carries a 3.0% foreign transaction fee. On a card earning 1.0¢ per dollar at the base rate, that fee costs more than the rewards on the same purchase.
- A heavy groceries spender. The 2% on groceries stops after $2,500 of it per quarter. Past that the same purchases earn its base 1%, so the headline rate describes the first $2,500 only.
More from Bank of America
Which card should this spending actually be on? The demo re-scores a year of realistic spending against every card in a wallet — free, no signup. See it on sample data →
Verified 2026-08-21 against issuer terms · sources: www.bankofamerica.com · www.bankofamerica.com. Spot an error? Tell us.