Will This New 6% Cash Back Card Claim the Crown for Best Rewards Credit Card?

Bank of America/CNET If I told you there was a credit card offering a whopping 6% cash back on any one of six common spending categories, such as gas or dining out, would you think it's one of the best cash back cards on the market? As a credit card expert who's written about that topic for years, I would. The Bank of America Customized Cash Rewards credit card is the latest addition to the list of top rewards credit cards, thanks to a new offer that launches on June 1. New cardholders can earn 6% back on purchases in one spending category of their choice from six available options in their first year. What's the catch? There are a few caveats that make this card less lucrative than it seems, and it might not be the right card for everyone. Here is what you need to know. Everything you need to know about the new offer Starting June 1, the new Bank of America Customized Cash Rewards earns double cash back in one category of your choosing for the first year. That means 6% cash back ... Read full article.