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Bank of America® Customized Cash Rewards Credit Card for Students review: Great choice for students

 /  12 min
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Snapshot

3.7

Bankrate rating
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Rating: 3.7 stars out of 5

Bottom line

This card is an excellent choice for students to enter the world of credit cards, offering some of the best rates and features available for a student credit card.
Bank of America® Customized Cash Rewards credit card for Students

Bank of America® Customized Cash Rewards credit card for Students

Recommended credit score:(670 - 850)

Intro offer

$200

Rewards rate

1% - 3%

Annual fee

$0

Regular APR

18.24% - 28.24% Variable APR on purchases and balance transfers

3.7

Bankrate score

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Introductory offer

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5.0 / 5

Fees

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3.0 / 5

Rewards value

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4.0 / 5

Features

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3.0 / 5
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Bank of America Customized Cash Rewards Credit Card for Students overview

  • Credit Card Cash Back Icon

    Rewards

  • Rewards Icon

    Welcome offer

  • Credit Card Apr Icon

    0% intro APR offer

  • Credit Card Search Icon

    Rates and fees

  • Congrats Icon

    Other cardholder perks

Bank of America Customized Cash Rewards Credit Card for Students pros and cons

Pros

  • Checkmark Icon

    This card has some of the highest earning rates for a student card.

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    The welcome bonus and intro APR offers are very generous compared to other student cards.

  • Checkmark Icon

    Rotating category opportunities offer a great way for students to practice maximizing cash back rewards through strategic spending decisions.

Cons

  • Bonus categories are capped at $2,500 per quarter, which could limit earning potential.

  • Penalty APR rates for late payments are fairly high.

  • This card charges a foreign transaction fee, making it a poor choice for students traveling abroad.

Why you might want the Bank of America Customized Cash Rewards Credit Card for Students

Why you might want a different student card

How the Bank of America Customized Cash Rewards Credit Card for Students compares to other student cards

Image of Bank of America® Customized Cash Rewards credit card for Students

Bank of America® Customized Cash Rewards credit card for Students

Annual fee

$0

Intro offer

$200
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Rewards rate

1% - 3%
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Recommended Credit Score

Good to Excellent (670 – 850)
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Image of Discover it® Student Cash Back

Annual fee

$0

Intro offer

Cashback Match
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Rewards rate

1% - 5%
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Recommended Credit Score

No Credit History
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Image of Capital One Savor Student Cash Rewards Credit Card

Annual fee

$0

Intro offer

Earn $50
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Rewards rate

1% - 8%
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Recommended Credit Score

Fair to Good (580 – 740)
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Who is the Bank of America Customized Cash Rewards Credit Card for Students right for?

Bankrate’s Take — Is the Bank of America Customized Cash Rewards Credit Card for Students worth it?

How we rated this card

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50+
cards rated
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500+
data points analyzed
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250+
fees tracked
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40+
perks evaluated

Frequently asked questions

Written by
Ryan Flanigan, CCC
Writer, Credit cards
Ryan Flanigan is a Bankrate credit cards writer with more than 10 years of experience using credit cards to help people reach their travel goals.
Edited by Editor II, Credit cards
Reviewed by Former Editor, credit cards

* See the online application for details about terms and conditions for these offers. Every reasonable effort has been made to maintain accurate information. However all credit card information is presented without warranty. After you click on the offer you desire you will be directed to the credit card issuer's web site where you can review the terms and conditions for your selected offer.

Editorial Disclosure: Opinions expressed here are the author's alone, and have not been reviewed or approved by any advertiser. The information, including card rates and fees, is accurate as of the publish date. All products or services are presented without warranty. Check the bank’s website for the most current information.