Bank of America® Customized Cash Rewards for Students Rewards Calculator
On a typical $2,400/month spending mix, the Bank of America® Customized Cash Rewards for Students earns about $340 a year — an effective 1.18% back.
Rate caveats: 3% in your choice category.
Light spender — $1,200/month
| Category | Monthly spend | Rate | Per year |
|---|---|---|---|
| Groceries | $220 | 2x | $53 |
| Dining | $140 | 1x | $17 |
| Travel | $70 | 1x | $8 |
| Gas & transit | $100 | 1x | $12 |
| Online shopping | $120 | 1x | $14 |
| Streaming | $20 | 1x | $2 |
| Everything else | $530 | 1x | $64 |
| Total | $1,200 | 1.18% | $170 |
Typical spender — $2,400/month
| Category | Monthly spend | Rate | Per year |
|---|---|---|---|
| Groceries | $430 | 2x | $103 |
| Dining | $290 | 1x | $35 |
| Travel | $140 | 1x | $17 |
| Gas & transit | $190 | 1x | $23 |
| Online shopping | $240 | 1x | $29 |
| Streaming | $50 | 1x | $6 |
| Everything else | $1,060 | 1x | $127 |
| Total | $2,400 | 1.18% | $340 |
Heavy spender — $4,500/month
| Category | Monthly spend | Rate | Per year |
|---|---|---|---|
| Groceries | $810 | 2x | $194 |
| Dining | $540 | 1x | $65 |
| Travel | $270 | 1x | $32 |
| Gas & transit | $360 | 1x | $43 |
| Online shopping | $450 | 1x | $54 |
| Streaming | $90 | 1x | $11 |
| Everything else | $1,980 | 1x | $238 |
| Total | $4,500 | 1.18% | $637 |
First-year value
$340 rewards + $200 welcome bonus (200 dollars, as of July 2026) = $540
Try your own numbers
$430
$290
$140
$190
$240
$50
$1060
$2,400/mo → $340/yr with the Bank of America® Customized Cash Rewards for Students (1.18% back)
How it stacks up in student
- Bank of America® Customized Cash Rewards for Students: $340/yr
- Bank of America® Unlimited Cash Rewards for Students : $432/yr on the same spending
- Capital One Quicksilver Secured Cash Rewards : $432/yr on the same spending
- Chase Freedom Rise℠ : $432/yr on the same spending
Source: 67.credit, “Bank of America® Customized Cash Rewards for Students Rewards Calculator”, rates verified 2026-05-12 — 67.credit/card/bank-of-america-customized-cash-rewards-for-students/calculator