Bank of America® to Boost First-Year Rewards on Two Popular Cash-Back Credit Cards Starting June 2025
Starting June 1, 2025, Bank of America® will enhance the value of its introductory rewards for new applicants of the Bank of America® Customized Cash Rewards and Bank of America® Unlimited Cash Rewards credit cards. These changes will give new cardholders the opportunity to earn more cash back during their first year.
Here’s what you need to know if you’re considering applying:
🚀 New Limited-Time First-Year Cash-Back Offers
Both cards will continue to offer a welcome bonus for new members, but the real upgrade is in the enhanced cash-back rates that will apply during the first 12 months after account opening.
💳 Bank of America® Customized Cash Rewards Credit Card
- Welcome Bonus: Receive $200 in online cash rewards after spending $1,000 within the first 90 days of opening your account.
- Year One Rewards:
- Earn 6% cash back in a category you choose (options include gas, online shopping, dining, travel, drugstores, or home improvement).
- Get 2% back at grocery stores and wholesale clubs.
- These higher rates apply to the first $2,500 in combined spending across these bonus categories each quarter. After that, you’ll earn 1% on those purchases.
- Ongoing Rewards After Year One:
- The cash-back rate on your chosen category drops to 3%, and grocery/wholesale club spending remains at 2% (still on the first $2,500 quarterly).
- All other purchases earn 1%.
- Flexibility: You can change your 3% bonus category once a month, giving you the ability to adapt to your spending habits.
💳 Bank of America® Unlimited Cash Rewards Credit Card
- Welcome Bonus: Earn $200 in online cash rewards after spending $1,000 in the first 90 days. (Note: This is an online-only offer and may not be available through physical Bank of America® locations.)
- Year One Rewards:
- Enjoy a flat 2% cash back on all purchases made in the first 12 months.
- Standard Rewards After the Intro Period:
- Earn 1.5% unlimited cash back on every purchase with no caps or categories to manage.
📝 Note: The information related to the Unlimited Cash Rewards card was independently gathered and has not been reviewed or verified by Bank of America®.
Bottom Line: If you’re planning a major purchase or want to maximize everyday spending rewards, these upcoming offers could provide a lucrative opportunity. The elevated first-year rates make both cards strong contenders for consumers looking for high initial returns on spending.