The Bank of America® Cash Rewards credit card offers a simple 3-2-1 approach to rewards, but with a bold new feature. You’ll earn 3% cash back on the category of your choice including gas, online shopping, dining, travel, drug stores, or home improvement/furnishings purchases. Additionally, earn 2% back at grocery stores and wholesale clubs, and 1% back on everything else. Keep in mind that the 3% and 2% categories apply only to the first $2,500 spent in those categories per quarter.

Existing Bank of America customers get even more value out of the card when they redeem their cash back into a Bank of America checking or savings account. If you’re a Preferred Rewards client, you could get 25% to 75% more cash back.

Other redemption options include a statement credit or paper check, but keep in mind that the relationship bonus doesn’t apply when you choose one of these two options. This card has no annual fee.