For those who believe in powerful, straightforward rewards without the hassle of tracking categories, the Bank of America Unlimited Cash Rewards credit card is a masterclass in value.
On the surface, it’s a beautifully simple card offering a generous, unlimited 1.5% cash back on every single purchase. But beneath that simple exterior lies a secret weapon that can supercharge your earnings to a level most other cards can’t touch.
More Than 10 Incredible Benefits
- Unlimited 1.5% Cash Back: This is the solid foundation. Earn a consistent, unlimited 1.5% cash back on every purchase, everywhere, with no categories to activate or spending caps to worry about.
- The Preferred Rewards Supercharge: This is the game-changer. If you are a Bank of America Preferred Rewards® member, you can earn 25% to 75% more cash back on every purchase. At the highest tier, your earning rate skyrockets to an incredible 2.625% cash back on everything!
- Generous Welcome Bonus: Kickstart your savings with a $200 cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
- $0 Annual Fee: Enjoy this card’s powerful rewards structure and all its benefits without paying an annual fee, ever.
- Long 0% Introductory APR: Get a 0% intro APR for 15 billing cycles for purchases and for any balance transfers made in the first 60 days. This gives you excellent flexibility for financing a large purchase or paying down existing debt.
- Flexible Redemption Options: Your cash back is easy to access. Redeem it for a statement credit, a direct deposit into a Bank of America checking or savings account, or for credit to a qualifying Merrill® investment account.
- Museums on Us®: This unique Bank of America perk gives you free general admission to more than 225 cultural institutions across the U.S. on the first full weekend of every month.
- Free FICO® Score Access: Keep track of your credit health with free access to your FICO® Score, updated monthly, through your online banking or mobile app.
- $0 Liability Guarantee: Shop with confidence knowing you are protected against fraudulent transactions.
- Digital Wallet Compatibility: Easily add your card to your favorite digital wallets like Apple Pay or Google Pay for convenient and secure mobile payments.
- Overdraft Protection: You can link your credit card to your Bank of America checking account to help prevent overdrafts (fees may apply).
Who Can Apply
To apply for the Bank of America Unlimited Cash Rewards credit card, you should generally meet the following criteria:
- Credit Score: It is recommended that applicants have good to excellent credit (typically a FICO score of 670 or higher).
- Age: You must be at least 18 years of age.
- Residency: You must be a U.S. resident with a valid physical U.S. address.
- Identification: A Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) is required.
- Bank of America Application Rules: Be mindful of Bank of America’s general application rules (often referred to as the “2/3/4 rule”), which may affect your eligibility if you have recently opened multiple cards with them.
How to Apply
Applying for this card is a straightforward online process.
- Visit the Bank of America Website: Navigate to the official Unlimited Cash Rewards credit card application page.
- Check for Prequalification (Recommended): Bank of America offers a tool that allows you to see if you are pre-qualified for card offers with no impact on your credit score. This is a great way to gauge your approval odds.
- Complete the Application: Fill out the secure online application with your personal, contact, and financial information.
- Review Terms and Submit: Carefully read the card’s terms, rates, and fees before submitting your application.
- Await a Decision: You will often receive a decision within minutes.
Frequently Asked Questions
- How does the Preferred Rewards bonus work?
Your bonus is based on your total qualifying balances in your Bank of America® deposit accounts and/or Merrill investment accounts. For example, if you are a Platinum Honors member (with $100K+ in qualifying balances), you get a 75% bonus. This boosts your 1.5% cash back to a market-leading 2.625% cash back on every purchase. - Is this a good card if I’m not a Bank of America customer?
Yes. A no-annual-fee card that offers a flat 1.5% cash back, a $200 welcome bonus, and a long 0% intro APR is a very strong and competitive product on its own. However, its full, exceptional potential is unlocked when you are part of the Bank of America Preferred Rewards® program. - What’s the difference between this card and the Bank of America® Travel Rewards card?
They are very similar, but have one key difference. Both offer 1.5x rewards and have no annual fee. The Unlimited Cash Rewards card has a 3% foreign transaction fee, making it best for domestic use. The Travel Rewards card has no foreign transaction fee, making it the superior choice for international travel. - How easy is it to redeem the cash back?
Redemption is very simple. You can redeem your cash back at any time, in any amount, for a statement credit to your card or a direct deposit into a qualifying Bank of America account. There is no minimum redemption amount.
