Our illustration, not the card’s design
Bank of America credit card
Bank of America® Customized Cash Rewards Credit Card for Students
- APR down · 18.24% to 17.74% · Oct 4, 2026
No annual fee. $200 cash rewards after you spend $1,000 in 3 months. Purchase APR 17.74–27.74%, variable.
Checked Nov 1, 2026Updated
- Welcome offer
- Receipt · Welcome offerChecked Nov 1, 2026
Issuer's page · bankofamerica.com
“$200 online cash rewards bonus offer”
- Annual fee
- Receipt · Annual feeChecked Nov 1, 2026
Issuer's page · bankofamerica.com
The source states this figure; we have no exact sentence on file yet.
- Purchase APR · variable
- Receipt · Purchase APRChecked Nov 1, 2026
Issuer's page · bankofamerica.com
“17.74% - 27.74%”
- Foreign transactions
- Receipt · Foreign transactionsChecked Nov 1, 2026
Issuer's page · bankofamerica.com
“3% of the U.S. dollar amount of each transaction made in a foreign currency.”
Select an underlined figure to see where it comes from.
Bank of America’s terms
Welcome offer
$200 cash
After you spend $1,000 on purchases in your first 3 months.
- Spending it takes
- $333 a month
- for 3 months
- Tracking since
- Sep 29, 2026
- history will chart every change
Online cash rewards bonus after making the required purchases in the first 90 days of account opening.
- Smaller than about 60% of the 48 other cash bonuses we track.
In dollars
What it’s worth
Yearly value in dollars: rewards and credits minus the annual fee, for three ways of spending. First year includes any welcome bonus.
| Spending | Value against the fee | First year | After |
|---|---|---|---|
| Light spender | $415 | $180 | |
| Typical spender | $745 | $435 | |
| Heavy spender | $1,250 | $830 |
The spending each assumes, and what isn’t counted
- Light spender: groceries $300, dining $100, gas $100, everything else $500 a month
- Typical spender: groceries $600, dining $300, gas $200, travel $150, everything else $1,250 a month
- Heavy spender: groceries $900, dining $600, gas $300, travel $600, airfare $300, hotels $300, everything else $2,500 a month
Assumed: 6% the first year, then 3%: Choice category: dining; 6% the first year, then 3%: Choice category: drug stores and pharmacies; 6% the first year, then 3%: Choice category: gas and EV charging stations (EV charging stations); 6% the first year, then 3%: Choice category: gas and EV charging stations (gas); 6% the first year, then 3%: Choice category: home improvement and furnishings; 6% the first year, then 3%: Choice category: online shopping, including cable, internet, phone plans and streaming; 6% the first year, then 3%: Choice category: travel; choice category: gas (the card pays its higher rate on one category you choose); choice category: dining (the card pays its higher rate on one category you choose).
$180a year
$415 the first year, with the welcome bonus.
The spending this assumes
A month: groceries $300, dining $100, gas $100, everything else $500. Assumed: 6% the first year, then 3%: Choice category: dining; 6% the first year, then 3%: Choice category: drug stores and pharmacies; 6% the first year, then 3%: Choice category: gas and EV charging stations (EV charging stations); 6% the first year, then 3%: Choice category: gas and EV charging stations (gas); 6% the first year, then 3%: Choice category: home improvement and furnishings; 6% the first year, then 3%: Choice category: online shopping, including cable, internet, phone plans and streaming; 6% the first year, then 3%: Choice category: travel; choice category: gas (the card pays its higher rate on one category you choose).
$435a year
$745 the first year, with the welcome bonus.
The spending this assumes
A month: groceries $600, dining $300, gas $200, travel $150, everything else $1,250. Assumed: 6% the first year, then 3%: Choice category: dining; 6% the first year, then 3%: Choice category: drug stores and pharmacies; 6% the first year, then 3%: Choice category: gas and EV charging stations (EV charging stations); 6% the first year, then 3%: Choice category: gas and EV charging stations (gas); 6% the first year, then 3%: Choice category: home improvement and furnishings; 6% the first year, then 3%: Choice category: online shopping, including cable, internet, phone plans and streaming; 6% the first year, then 3%: Choice category: travel; choice category: dining (the card pays its higher rate on one category you choose).
$830a year
$1,250 the first year, with the welcome bonus.
The spending this assumes
A month: groceries $900, dining $600, gas $300, travel $600, airfare $300, hotels $300, everything else $2,500. Assumed: 6% the first year, then 3%: Choice category: dining; 6% the first year, then 3%: Choice category: drug stores and pharmacies; 6% the first year, then 3%: Choice category: gas and EV charging stations (EV charging stations); 6% the first year, then 3%: Choice category: gas and EV charging stations (gas); 6% the first year, then 3%: Choice category: home improvement and furnishings; 6% the first year, then 3%: Choice category: online shopping, including cable, internet, phone plans and streaming; 6% the first year, then 3%: Choice category: travel; choice category: dining (the card pays its higher rate on one category you choose).
Use your own spending
Estimates from the published terms above, as checked Nov 1, 2026; not advice. How we value cards
Against the market
How it compares
Worth more to a typical spender than about 80% of the 732 cards we track.
- No annual fee, like about 85% of the 711 cards we track.
- Lower top APR than about 55% of the 163 cards on our Sign-up bonuses list (see the list).
Other cash back cards with no annual fee
- Citizens Summit World MastercardCitizens · No annual fee+$175 a year
- Wells Fargo Cash Back Credit CardWells Fargo · No annual fee+$165 a year
- Credit One Bank Omni RewardsCredit One · No annual fee+$165 a year
Against this card, for our typical spender’s value (rewards and credits minus fees, after the first year).
Shares rounded to 5 points. Fees and APRs as stated; value for our typical spender. Method
Bank of America® Customized Cash Rewards Credit Card for Students
How you earn
- 3%
- Choice category: gas and EV charging stations (gas)Choice category: gas and EV charging stations (EV charging stations)Choice category: online shopping, including cable, internet, phone plans and streamingChoice category: diningChoice category: travelChoice category: drug stores and pharmaciesChoice category: home improvement and furnishings
- 2%
- Automatic cash back at grocery stores and wholesale clubs
- 1%
- Everything else
Cash back, as a share of each purchase.
Changes
- Oct 4, 2026 APR 18.24% to 17.74%
Only changes that held for at least three days on both sides count; one-day blips in a reading don’t.
Every figure with its receipt
Rates and fees
| Annual fee | Receipt · Annual feeChecked Nov 1, 2026 Issuer's page · bankofamerica.com The source states this figure; we have no exact sentence on file yet. |
|---|---|
| Purchase APR | Receipt · Purchase APRChecked Nov 1, 2026 Issuer's page · bankofamerica.com “17.74% - 27.74%” |
| Intro APR | Receipt · Intro APRChecked Nov 1, 2026 Issuer's page · bankofamerica.com “0% Intro APR Offer” |
| Balance transfer fee | Receipt · Balance transfer feeChecked Nov 1, 2026 Issuer's page · bankofamerica.com The source states this figure; we have no exact sentence on file yet. |
| Cash advance APR | Receipt · Cash advance APRChecked Nov 1, 2026 Issuer's page · bankofamerica.com The source states this figure; we have no exact sentence on file yet. |
| Cash advance fee | Receipt · Cash advance feeChecked Nov 1, 2026 Issuer's page · bankofamerica.com “5% of the amount of each transaction.” |
| Penalty APR | Receipt · Penalty APRChecked Nov 1, 2026 Issuer's page · bankofamerica.com “Up to 29.99% , based on your creditworthiness.” |
| Late payment | Receipt · Late paymentChecked Nov 1, 2026 Issuer's page · bankofamerica.com “Up to $41 .” |
| Foreign transactions | Receipt · Foreign transactionsChecked Nov 1, 2026 Issuer's page · bankofamerica.com “3% of the U.S. dollar amount of each transaction made in a foreign currency.” |
| Grace period | Receipt · Grace periodChecked Nov 1, 2026 Issuer's page · bankofamerica.com “Automatic redemptions start at $25.” |
Before you apply
- What the application asks: your name, address, date of birth, Social Security number (or ITIN), income and housing payment. By law the issuer must consider your ability to pay (Regulation Z, 1026.51).
- Your credit report: applying usually means a hard inquiry, which can lower your score slightly for a while. Some issuers let you check whether you’re pre-approved first without one. How credit reports work (CFPB)
Questions
- What is the annual fee?
- None · bankofamerica.com, since Oct 8, 2026
- Does it charge a foreign transaction fee?
- Yes: 3% of the U.S. dollar amount of each transaction made in a foreign currency. · bankofamerica.com, since Nov 1, 2026
- What is the purchase APR?
- 17.74–27.74% APR · bankofamerica.com, since Oct 4, 2026
- Is there an intro APR?
- 0% for First 15 Statement Closing Dates following the opening of your account. · bankofamerica.com, since Oct 4, 2026
- Is there a welcome bonus?
- $200 cash back after $1,000 in purchases in 3 months. · bankofamerica.com, since Oct 4, 2026