The Bank of America Unlimited Cash Rewards card offers a clean, predictable rewards experience—1.5% on every purchase, with no need to track categories. It’s ideal for those who want straightforward cash back.
The card shines further for Bank of America customers in the Preferred Rewards program, where rewards increase up to 2.62%. Plus, it comes with a welcome bonus and an introductory APR offer.
Bank of America Unlimited Cash Rewards Benefits
- Consistent 1.5% Cash Back Everywhere: This card delivers a flat 1.5% back on all purchases—no rewards ceilings or rotating categories. That steadiness makes it a reliable choice for everyday spending such as groceries, gas, dining, and retail.
- Boosted Rewards via Preferred Rewards: BOA customers enrolled in Preferred Rewards receive a 25%–75% earnings bonus, lifting cash back to as much as 2.62%. That makes this card highly competitive with other flat-rate rewards cards.
- Intro APR on Purchases & Transfers: New cardholders qualify for a 0% introductory APR on purchases for 15 billing cycles and balance transfers made within the first 60 days. Following this, the variable APR ranges from 18.24% to 28.24%, depending on credit score.
- Welcome Bonus Reward: Spend $1,000 in the first 90 days and receive a $200 cash rewards bonus—an instant return that makes the card even more valuable.
- No Annual Fee: Enjoy all card benefits without paying a yearly fee—an appealing cost structure for long-term use.
- Rewards That Never Expire: Your earned cash back remains available as long as the account is open—no deadlines, no expiration worries.
- Easy Redemption Options: Redeem your rewards as a statement credit, bank deposit, or shop via Amazon/PayPal. If used in BOA or Merrill accounts, redemption is seamless.
- Visa Signature Perks: Enjoy Visa Signature benefits such as extended warranties, roadside assistance, travel support, and ID Navigator protection.
- Zero Fraud Liability: Protect your account with $0 fraud liability, contactless payments, chip security, and ID monitoring—a safeguard for modern cardholders.
Qualification Requirements
- U.S. Residency & Age: Must be at least 18 and either a U.S. citizen or permanent resident.
- Credit Score Required: Good to excellent credit (typically 670+) is recommended to gain approval and a favorable APR.
- Preferred Rewards Not Required: You don’t need bank membership to apply, but enrollment is required to access cash back boosts.
- Income Disclosure: Be ready to share your income or housing expense information on the application form.
- Clean Payment History: Limited recent delinquencies or bankruptcies will increase approval chances.
- Balance Transfers: To use the intro APR on balance transfers, they must be done within 60 days of opening the account.
How to Apply for The Unlimited Cash Rewards Card
- Gather Required Info: Have your SSN, date of birth, address, and income figures ready.
- Visit BOA’s Official Site: Navigate to the Unlimited Cash Rewards card page.
- Start Your Application: Provide accurate personal, financial, and housing info.
- Review Key Details: Examine card terms like intro APR, bonus conditions, and reward eligibility.
- Submit Application: After submission, approval decisions are often instant.
- Activate & Enroll: If approved, activate your card and, if desired, join Preferred Rewards.
Frequently Asked Questions
Is there an annual fee?
No—the card has no annual fee, so you’ll keep all your rewards.
Can I earn more than 1.5%?
Yes—Preferred Rewards members can boost earnings up to 2.62%.
Will my rewards expire?
No—as long as your account stays open, your cash back stays intact.
How do I redeem rewards?
You can redeem via statement credit, direct deposit, Amazon/PayPal, or transfer to Merrill.
