Deciding the best credit card for your financial goals is not always easy. For example, your goal is to earn more rewards for your spending. Alternatively, you need help paying off high-profit debts and lending large purchases over time. Comparing the features, benefits and perks of different cards, you can choose the best credit card for your individual needs.
Choosing either a BankAmerica® Credit Card or a Bank of America® Customized Cash Rewards Credit Card gives you a complete scenario. However, there are some other details that may shake your decision in an unexpected direction.
Let’s take a look at what these cards offer and which options are better suited to your financial goals.
Main details
| card | BankAmericard® Credit Card | Bank of America® Customized Cash Reward Credit Card |
|---|---|---|
| Welcome bonus | n/a |
|
| Remuneration rate | n/a |
|
| Intro April |
|
|
| Annual fees | $0 | $0 |
| Foreign transaction fees | 3% Foreign transaction fees | 3% Foreign transaction fees |
BankAmericard vs. Bank of AmericaCustomized Cash Reward Highlights
The customized cash compensation for BankAmericard and Bank of America share several features such as annual fees and 3% foreign transaction fees, and comes from the same issuer, but the similarities are almost over. Below is how these Bank of America credit cards compare.
Which cards make the most money?
Normally, our card battles provide examples of spending that emphasize how much you earn on one card and another (based on the reward structure), but in this case only one card will earn you a reward. So, you will first focus on how these cards are compared in a balanced transfer situation and get to what you can earn using a customized Cash Rewards card.
Customized Cash Remuneration vs BankAmericard Balance Transfer Example
As an example, here is how these two cards can be compared using a $5,000 balance transfer:
| BankAmericard® Credit Card | Bank of America® Customized Cash Reward Credit Card | |
|---|---|---|
| Balanced transfer amount | $5,000 | $5,000 |
| 3% balance transfer fee | $150 | $150 |
| Total balance | $5,150 | $5,150 |
| Intro Length 0% APR Period | 18 Billing Cycle | 15 billing cycles |
| Average payments required to be rewarded during the 0% APR period | $286.12 per month | $343.34 per month |
| April ongoing | 15.24%-25.24% APR fluctuations with purchases and balance transfers | 18.24%-28.24% Variable APR Purchases and Balance Transfers |
If you transfer your $5,000 balance to any card within the first 60 days of opening an account, you will be subject to a 3% balance transfer fee, resulting in a total balance of $5,150.
With BankAmericard you can get 18 billing cycles to pay off the interest rate on your debt. This is a monthly payment above $286 to pay your balance in full. If you don’t pay off your debts during these 18 billing cycles, the remaining balance will be 15.24%-25.24% APR fluctuations with purchases and balance transfers.
With a customized Cash Rewards card, you will be getting 15 billing cycles to pay off your debt. This means that to pay off your debt during the interest-free period, your monthly payments must exceed $343. After 15 billing cycles, 18.24%-28.24% Variable APR Purchases and Balance Transfers I’ll kick in.
Therefore, BankAmericard can reduce monthly payments and have a potentially lower variable APR than a customized Cash Rewards card.
Bank of America Customized Cash Remuneration Expense Example
Bank of America Customized Cash Rewards Calculator shows you how much cashback you can earn in each category. In this example, let’s assume.
- $10,000 per year spending in 3% select category
- $8,000 per year spending in the 2% category
- $6,000 per year spending in the 1% category
Don’t forget, therefore, if you assume that your 3% category spending is broken down into $2,500 per quarter, you’re going to use this example to make $440 in cashback. For priority reward members, cashback rewards will be $550 for gold members, $660 for Platinum members, and $770 for Platinum members or less than Platinum Honor members.
Why do I need to get BankAmericard?
BankAmericard is worth it if you absolutely need a full 18 billing cycle to pay off your debt, and the 15 billing cycles offered by a customized cash card will not reduce it. However, in many situations, if you can forget to pay 3 months of additional interest payments, a customized cash reward card will provide much better value in the long term.
Why do you need to get customized American cash rewards?
Bank of America Customized Cash Rewards Card is perfect for anyone looking to get flexible rewards while enjoying a solid intro APR offer. If you are looking for ongoing value, your customized Cash Rewards card can provide value for the next few years, even if you remove your savings from the Intro APR offer and remove the welcome bonus. If you are a priority reward member, your rewards can get even greater boosts.
Conclusion
Now it’s probably clear that these cards are suitable for a variety of purposes. BankAmericard is great for those who need the longest possible intro APR period, whether it’s a large purchase or a balance transfer. However, Bank of America’s customized cash reward cards are great for those looking to gain more value in the long term, especially those who get better reward rates as part of their priority reward program.
*BankAmericard® credit card information is collected independently by the bank rate. Card details have not been reviewed or approved by the card issuer.
Bank of America content for this post was last updated on June 29th, 2025.
