The Bank of America rewards categories are gas, online shopping, dining, travel, drug stores, home improvement/furnishings, wholesale clubs, and grocery stores, depending on the card. When cardholders make purchases that fall into a BofA card’s bonus categories, they earn extra rewards compared to the card’s base earning rate.
Whether a purchase falls into a card’s bonus categories depends on “merchant category codes,” which are assigned by the major credit card networks to merchants based on what kind of business they conduct. So if a merchant has the MCC for “grocery stores,” for example, purchases made at that merchant will earn bonus rewards on cards that include “grocery stores” as a bonus category.
Some Bank of America credit cards have certain fixed rewards categories plus additional categories that you can choose from a list. For example, the Bank of America® Customized Cash Rewards credit card always has the grocery stores and wholesale clubs category. But cardholders can pick an additional bonus category from the following list: gas, online shopping, dining, travel, drug stores and home improvement/furnishings.
There’s one other major type of Bank of America rewards category. BofA cards that are co-branded with a certain merchant typically offer bonus rewards on purchases made with the partnered merchant. Some examples are the Alaska Airlines Credit Card, the Norwegian Cruise Line® Credit Card and the Amtrak Credit Card.
If you’re looking to get a Bank of America rewards credit card, it’s a good idea to pick a card that offers the opportunity to earn bonus rewards in your most frequent purchase categories. Alternatively, you might want to get a card that offers a flat rewards rate on all purchases, like the Bank of America® Travel Rewards credit card.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines
. This question was posted by WalletHub.
Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.