Customized Cash Rewards for Students: Choose Your 3% Cashback Category
Earn 3% cashback in the category you choose, 2% at grocery stores and wholesale clubs, and 1% on everything else – all with no annual fee, designed for students building credit.
The Bottom Line
On Bank of America's Secure Website
Intro APR
Purchases: 0%, 15 billing cycles
Balance Transfers: 0%, 15 billing cycles
Regular APR
17.49% - 27.49% Variable APR
Buy Now, Pay Later Break up eligible credit card purchases into equal monthly payments. No interest, just a fixed monthly fee.
Custom Pay Plan
Credit Score
New To Credit
Rewards Earn 3% cashback in the category of your choice, 2% cashback at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club purchases each quarter), and 1% cashback on all other purchases.
1% - 3% Cashback
Welcome Offer Earn a $200 bonus after spending $1,000 in the first three months. Plus, earn 6% cashback in the category of your choice for the first year.
$200 + 6% Cashback In The Category of Your Choice for the First Year
Welcome Offer
- Earn a $200 bonus after spending $1,000 in the first three months.
- First-Year Earning Boost: Earn 6% cashback in the category of your choice for the first year.
Rewards
- 3% Cashback in One Category of Your Choice:
- Gas & EV Charging Stations
- Online Shopping, including cable, internet, phone plans and streaming
- Dining
- Travel
- Drug Stores & Pharmacies
- Home Improvement & Furnishings
- Note: You can change the choice category once every calendar month.
- 2% Cashback Categories:
- Grocery Stores
- Wholesale Clubs
- Limit on 3% and 2% Cashback: You will earn 3% and 2% cashback on up to $2,500 in combined choice category/grocery store/wholesale club purchases each quarter.
- 1% Cashback on all other purchases.
Redemption Options
- Flexible Redemption Options: Redeem cashback as a statement credit, direct deposit to eligible Bank of America® or Merrill® accounts, or use it at Amazon.com and PayPal checkout.
Fees and APR
- Annual Fee: $0.
- 0% Intro APR on Purchases and Balance Transfers: Enjoy 0% intro APR for 15 months from account opening. To qualify for the balance transfer offer, transfers must be completed within the first 60 days.
- Regular APR: After the introductory period, a variable APR of 17.49% - 27.49% applies to purchases and balance transfers.
- Intro Balance Transfer Fees: 3% of each transfer amount for balance transfers made within the first 60 days of account opening.
- Regular Balance Transfer Fees: 5% of each transfer amount for balance transfers made after the introductory period ends.
- Foreign Transaction Fee: 3% of each purchase transaction in U.S. dollars.
Bank Relationship Benefits
- Boosted Rewards for Preferred Rewards Members: If you’re enrolled in Bank of America Preferred Rewards, you can earn 25% to 75% more points.
- Up to 5.25% Cashback on the Choice Category.
- Up to 3.50% Cashback on Grocery and Wholesale Clubs.
- Up to 1.75% Cashback on All Other Purchases.
- Note: Preferred Rewards bonuses do not apply to the 3% first-year bonus.
Convenience Features
- Digital wallet compatible: Apple Pay®, Google Pay™, Samsung Pay.
Terms and Conditions
- Click Apply Now to see the terms and conditions.
Related Card Options
- Customized Cash Rewards: A better fit for non-students with established credit who want the same customizable cashback categories and no annual fee.
- Susan G. Komen® Customized Cash Rewards: A better fit for non-students with established credit who want the same customizable cashback categories and no annual fee.