Bank of America Unlimited Cash Rewards

Earn 1.5% back on everything—and up to 2.62% with Preferred Rewards—effortlessly!

The Bank of America Unlimited Cash Rewards card is built for simplicity and consistency. With a flat 1.5% cash back on all purchases—and even more through the Preferred Rewards program—it delivers value without category tracking or annual fees.

Plus, it offers a welcome bonus and intro APR. Whether you’re shopping, fueling up, or dining out, it rewards your everyday spending efficiently and transparently.

CREDIT CARD

Bank of America Unlimited Cash Rewards

No Annual Fee unlimited 2% cash back

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Bank of America Unlimited Cash Rewards Benefits

• Flat-Rate Cash Back on Everything: Enjoy a no-hassle 1.5% cash back on every purchase you make, with no caps or category limits. This makes it a reliable choice whether you’re grabbing coffee, groceries, or gifts. It’s ideal for cardholders who don’t want to track rotating categories—just tap and earn.
• Boosted Rewards via Preferred Rewards: If you’re enrolled in Bank of America’s Preferred Rewards program, your cash back increases by 25% to 75%—raising your earnings to as much as 2.62%. That boosted rate becomes one of the strongest flat-rate returns in the market.
• Enhanced First-Year Intro Rate: As of June 1, 2025, new cardmembers earn 2% back on all purchases during the first year—up from 1.5%. This bonus year and the $200 welcome offer start your rewards off strong.
• $200 Welcome Bonus: Earn a $200 online cash bonus after spending $1,000 within the first 90 days of account opening. That’s a quick boost to your rewards, above ongoing earnings.
• 0% Introductory APR: New accounts receive a 0% intro APR on purchases and balance transfers for 15 billing cycles, with transfers accepted in the first 60 days. Afterwards, the APR ranges from 18.24% to 28.24% variable. This makes it a solid option for financing larger buys or consolidating debt.
• No Annual Fee: This card has no annual fee—meaning all rewards are yours to keep. It’s built to offer value without ending up in your wallet’s annual-cost column.
• Rewards Never Expire: Your cash back stays available as long as your account remains open, letting you redeem at your convenience. Earn patiently or spend quickly—it’s your choice.
• Multiple Redemption Methods: Redeem cash back with statement credits, direct deposit to BOA or Merrill accounts, Amazon/PayPal checkout, or savings contributions—no minimum required. That flexibility aligns with various spending and saving styles.
• Visa Signature Perks & Security: Includes Visa Signature benefits—like extended warranties and roadside assistance—plus $0 fraud liability, chip security, and contactless payments. It’s a full-featured package for daily peace of mind.

Qualification Requirements

• U.S. Residency & Age: You must be at least 18 and a U.S. citizen or permanent resident.
• Credit Score: Requires good to excellent credit (typically 670+).
• Preferred Rewards Not Mandatory: Enrollment boosts earnings, but any applicant can apply—even non-BOA clients.
• Income Disclosure Required: Be prepared to provide details of your income or housing costs on the application.
• Clean Credit History: Limited recent delinquencies or bankruptcies increase approval odds.
• Balance Transfer Window: To use the intro 0% APR for transfers, complete them within 60 days of account opening.

How to Apply for The Unlimited Cash Rewards Card

1. Gather Your Info: Have your SSN, DOB, address, and income ready.
2. Visit Bank of America’s Site: Locate the Unlimited Cash Rewards card and start the application.
3. Fill Out the Form: Enter personal and financial details honestly.
4. Review Disclosures: Examine APR, 0% offers, welcome bonus details, and terms.
5. Submit Online: Many applicants receive instant decisions.
6. Activate & Enroll: Activate your card when delivered, and apply for Preferred Rewards if you want the bonus boost.

Frequently Asked Questions

Is there an annual fee?
No, this card carries no annual fee—your cash back stays fully yours.

Can I earn more than 1.5%?
Yes—Preferred Rewards members can get boosted rates between 1.87% and 2.62%. 

What’s the 0% APR deal?
New cardholders get 0% APR on purchases and balance transfers for 15 billing cycles (transfers count only in first 60 days). After that, rates vary from 18.24% to 28.24%.

How do I redeem my rewards?
You can redeem via statement credit, direct deposit, Amazon/PayPal checkout, or Merrill transfer—no minimum redemption.

CREDIT CARD

Bank of America Unlimited Cash Rewards

No Annual Fee unlimited 2% cash back

APPLY NOW You will be redirected