Editorial disclosure: CardRewards.ai is an independent comparison service. Our analysis is based on publicly available card data and is reviewed regularly by our editorial team. Card issuers do not influence our rankings or content. Last updated: June 2026.
Bonus Categories benefit details — No annual fee
If you're a Preferred Rewards member, you can earn 25%-75% more cash back on every purchase. That means you could earn 3.75%-5.25% cash back on
Earn 2% cash back at U.S. supermarkets and warehouse clubs like Costco and Sam's Club
Get 3% + 3% first-year bonus (6% total) cash back in one category you select
Earn an extra 25-75% on all rewards when you have a Bank of America Preferred Rewards relationship
Bonus Categories benefit details — No annual fee
If you're a Preferred Rewards member, you can earn 25%-75% more cash back on every purchase. That means you could earn 3.75%-5.25% cash back on
Earn 2% cash back at U.S. supermarkets and warehouse clubs like Costco and Sam's Club
Get 3% + 3% first-year bonus (6% total) cash back in one category you select
Earn an extra 25-75% on all rewards when you have a Bank of America Preferred Rewards relationship
Bonus Categories benefit details — No annual fee
If you're a Preferred Rewards member, you can earn 25%-75% more cash back on every purchase. That means you could earn 3.75%-5.25% cash back on
Earn 2% cash back at U.S. supermarkets and warehouse clubs like Costco and Sam's Club
Get 3% + 3% first-year bonus (6% total) cash back in one category you select
Earn an extra 25-75% on all rewards when you have a Bank of America Preferred Rewards relationship