Core Insights - The Bank of America® Customized Cash Rewards Credit Card for Students offers competitive rewards but has limited accessibility for many young individuals [1][9]. Summary by Category Card Features - Annual fee is $0, and there is a welcome offer of a $200 cash rewards bonus after spending at least $1,000 in the first 90 days [3]. - Introductory APR is 0% for the first 15 billing cycles for purchases and balance transfers made within the first 60 days, transitioning to a variable APR of 18.24% - 28.24% thereafter [3]. - Rewards structure includes 3% cash back in a chosen category for the first year, 2% cash back at grocery stores and wholesale clubs, and unlimited 1% cash back on all other purchases [3][6]. Benefits - Cardholders can access their FICO® Score updated monthly for free through the Mobile Banking app or Online Banking [5]. - The card allows flexibility in choosing the 3% rewards category, which can be changed monthly [6]. - Bank of America Preferred Rewards® members can earn 25%-75% more cash back on every purchase [4]. Target Audience - The card is best suited for graduate students or older undergraduates with a good credit history, though some college students under 21 may qualify with a guarantor [9][10]. Pros and Cons - Pros include great rewards comparable to non-student cards, a rare introductory APR promotion for student cards, and no annual fee [13][14]. - Cons include the requirement for good credit, caps on rewards at $2,500 in combined spending per quarter, and foreign transaction fees for international purchases [19][32].