Bank of America® Customized Cash Rewards

With no annual fee, this card is easily worth keeping in your wallet if you want to target specific spending categories like online shopping, gas, or dining. The flexibility to select your top bonus category gives you far more control over your cash back than standard fixed-rate cards, making it an excellent tool for shifting monthly expenses.

The card becomes even more valuable for Bank of America Preferred Rewards members, who receive a 25% to 75% boost on all cash back earned based on their qualifying deposit balances. However, the combined quarterly spending cap on bonus categories limits its upside for high spenders, and a 3% foreign transaction fee makes it a poor choice for international purchases.