Is the BofA Customized Cash Rewards worth it in 2026?

Keep it+$400 year one

Worth keeping long-term. The recurring credits you'd actually use cover the annual fee on their own, before the welcome bonus even enters the math.

Assumes you use every recurring credit and value points at 2.0¢. Adjust for your spend in the calculator →

The year-one math

Welcome bonus20,000 pts × 2.0¢: +$400
Recurring credits (if fully used): +$0
Annual fee: —
Year-one value: +$400
Ongoing (year 2+, no bonus)credits − fee: +$0

Apply for the BofA Customized Cash Rewards

The application happens on Bank of America's site. Then track every recurring credit — and your real keep/churn verdict — in the iOS app.

Apply for BofA Customized Cash RewardsiOS app coming soon

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FAQ

Is the BofA Customized Cash Rewards worth it in 2026?

Keep it. Worth keeping long-term. The recurring credits you'd actually use cover the annual fee on their own, before the welcome bonus even enters the math. This assumes you use every recurring credit and value points at 2.0¢ — adjust both in the calculator for your own situation.

Should I cancel my BofA Customized Cash Rewards?

Probably not on the numbers alone — the recurring credits ($0/yr) already cover the $0 fee, so it pays for itself in year 2+ if you use them.

How is "worth it" calculated?

Year-one value = welcome bonus value (points × cents-per-point) + the annualized value of the card's recurring credits − the annual fee. It's the same model the PointsCraft iOS app uses to show what your wallet is actually worth.