BANK OF AMERICA® UNLIMITED CASH REWARDS
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The Bank of America® Unlimited Cash Rewards card offers unlimited cash back on all purchases. Your passport to financial flexibility.
BEST BALANCE TRANSFER CARD FOR STUDENTS
BANK OF AMERICA® UNLIMITED CASH REWARDS
Rates & Fees
Unlimited 1.5% Reward Rate
Earn unlimited 1.5% cash back on all purchases.
Welcome Bonus
$200 bonus
Annual Fee
$0
Regular APR
18.24% - 28.24% Variable APR on purchases and balance transfers
Credit Score
Good/Excellent (700 - 749)
Rates & Fees
Unlimited 1.5% Reward Rate
Earn unlimited 1.5% cash back on all purchases.
Welcome Bonus
$200 bonus
Annual Fee
$0
Regular APR
18.24% - 28.24% Variable APR on purchases and balance transfers
Credit Score
Good/Excellent (700 - 749)
Enjoy a welcome bonus, flat-rate rewards, and more than a year of intro APR on purchases and balance transfers.
- $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
- Earn unlimited 1.5% cash back on all purchases.
- No annual fee.
- No limit to the amount of cash back you can earn and cash rewards don’t expire.
- 0% Introductory APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 18.24% – 28.24% Variable APR will apply. A 3% fee applies to all balance transfers.
- When handled responsibly, a credit card can help you build your credit history, which could be helpful when looking for an apartment, a car loan, and even a job. Access your FICO® Score for free within Online Banking or your Mobile Banking app.
- Contactless Cards – The security of a chip card, with the convenience of a tap.
- This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
The Bank Of America® Unlimited Cash Rewards Credit Card is a standout choice for individuals seeking a versatile and rewarding credit card option. With its impressive array of benefits and features, it’s no wonder we highly recommend this card to our readers.
Why We Recommend the Bank Of America® Unlimited Cash Rewards Credit Card
One of the most appealing aspects of this card is its unlimited cash back rewards program. Cardholders can earn 1.5% cash back on all purchases, making it an excellent choice for everyday spending. What sets it apart, though, is the potential to earn even more cash back when you have a Bank of America® checking or savings account. With this additional boost, you can maximize your cash back earnings effortlessly.
Furthermore, the Bank Of America® Unlimited Cash Rewards Credit Card offers an introductory 0% APR on purchases and balance transfers for the first 15 billing cycles. This feature can help you save on interest charges if you need to carry a balance or want to consolidate existing credit card debt.
The card also provides added security benefits, such as $0 liability for fraudulent purchases, which can provide peace of mind. Plus, it has no annual fee, making it a cost-effective option for those who want to enjoy the perks of a credit card without breaking the bank.
In conclusion, the Bank Of America® Unlimited Cash Rewards Credit Card stands out as a fantastic choice for individuals seeking a straightforward and rewarding credit card. With its cash back program, low-cost structure, and introductory APR offer, it can provide value and convenience for a wide range of consumers.
Our Perspective on the Bank Of America® Unlimited Cash Rewards Credit Card
Our perspective on the Bank Of America® Unlimited Cash Rewards Credit Card is overwhelmingly positive. This credit card not only offers substantial rewards but also comes with a range of features that make it a practical choice for a diverse set of consumers.
First and foremost, the unlimited 1.5% cash back on all purchases is a strong selling point. It’s rare to find a card with such a simple and generous rewards structure. What’s even better is the potential to earn more cash back (up to 2.62%) for Bank of America® account holders, which adds substantial value to the card.
The introductory 0% APR for purchases and balance transfers is another aspect that we appreciate. It provides cardholders with a valuable opportunity to save money on interest, especially if they have existing credit card debt or plan to make significant purchases in the near future.
Moreover, the card’s $0 annual fee and additional perks like fraud protection and digital wallet compatibility make it a well-rounded choice. It caters to both budget-conscious consumers and those who value security and convenience.
In conclusion, the Bank Of America® Unlimited Cash Rewards Credit Card deserves our endorsement due to its simple yet effective cash back rewards program, cost-saving features, and overall versatility. Whether you’re looking to earn cash back on everyday expenses or manage existing debt, this card can help you achieve your financial goals while enjoying a hassle-free credit card experience.
Advantages of the Bank Of America® Unlimited Cash Rewards Credit Card
The Bank Of America® Unlimited Cash Rewards Credit Card offers several notable advantages that make it a compelling choice for potential cardholders.
First and foremost, the card’s cash back rewards program is a significant benefit. Cardholders earn a flat rate of 1.5% cash back on all purchases, providing a consistent way to save money on everyday expenses. What’s particularly appealing is the potential to boost those rewards to as much as 2.62% when you have a qualifying Bank of America® account, making it one of the more lucrative cash back cards available.
Additionally, the card features an introductory 0% APR on purchases and balance transfers for the first 15 billing cycles. This not only provides a financial cushion for new purchases but also offers an opportunity to consolidate and manage existing credit card debt without accruing interest charges.
Moreover, the Bank Of America® Unlimited Cash Rewards Credit Card boasts no annual fee, making it a cost-effective choice for those who want to maximize their rewards without worrying about ongoing expenses.
In summary, the advantages of this credit card lie in its straightforward and potentially high cash back rewards, introductory APR offer, and cost-saving features.
Disadvantages of the Bank Of America® Unlimited Cash Rewards Credit Card
While the Bank Of America® Unlimited Cash Rewards Credit Card offers many benefits, it’s important to be aware of its limitations as well.
One notable disadvantage is that the card doesn’t offer any bonus categories for higher cash back rates on specific types of purchases. Some other cards provide more significant cash back in certain spending categories, which might be more appealing to individuals with specific spending habits.
Additionally, the 2.62% cash back rate (for Bank of America® account holders) applies only to grocery store and wholesale club purchases, which may not cover a wide range of expenses for everyone.
Lastly, the card may not be ideal for international travelers due to foreign transaction fees. These fees can add up when using the card for purchases outside the United States.
In summary, while the Bank Of America® Unlimited Cash Rewards Credit Card has its advantages, potential applicants should consider the lack of bonus categories, limited high cash back earning opportunities, and foreign transaction fees as potential drawbacks.
How is Credit Analysis Done on the Bank Of America® Unlimited Cash Rewards Credit Card?
The credit analysis process for the Bank Of America® Unlimited Cash Rewards Credit Card is a crucial step in determining eligibility for this card.
Bank of America typically evaluates an applicant’s creditworthiness by considering factors such as credit history, credit score, income, and existing debt obligations. A strong credit history and a higher credit score are generally favorable for approval, as they indicate responsible credit management.
Income is another key factor, as it helps the issuer assess the applicant’s ability to make timely payments and manage the card’s credit limit effectively. Additionally, existing debt, such as outstanding loans or credit card balances, may influence the approval decision.
Bank of America may also consider the applicant’s relationship with the bank, particularly if they already have a checking or savings account with the institution. This existing relationship can sometimes enhance the chances of approval and may also qualify the applicant for higher cash back rates with the card.
Overall, the credit analysis process for the Bank Of America® Unlimited Cash Rewards Credit Card is comprehensive and aims to assess an applicant’s financial stability and ability to manage credit responsibly. Applicants should strive to maintain a good credit history and manage their finances prudently to increase their chances of approval.
Is There a Pre-Approved Limit?
The Bank Of America® Unlimited Cash Rewards Credit Card does not typically come with a pre-approved credit limit. Instead, the credit limit is determined during the application process and is based on various factors, including the applicant’s credit history, credit score, income, and existing debts. The specific credit limit for each cardholder can vary widely.
Applicants with a strong credit history and higher income levels may be approved for higher credit limits, allowing for more extensive spending capacity. Conversely, those with limited credit history or lower income may receive lower credit limits.
It’s important to note that Bank of America reviews each application individually, and the final credit limit is based on their assessment of the applicant’s financial situation. If approved, the cardholder will be notified of their credit limit upon receiving the card.
Interested in Applying? Learn How to Get the Bank Of America® Unlimited Cash Rewards Credit Card Here!
If you’re interested in applying for the Bank Of America® Unlimited Cash Rewards Credit Card and want to learn how to secure this card, click the button below to proceed to the next page where you’ll find a step-by-step guide on the application process. Don’t miss out on the opportunity to enjoy the benefits of this versatile and rewarding credit card. Apply now and start earning cash back on your everyday purchases!