Apply for the Bank of America Unlimited Cash Rewards Credit Card

The Bank of America® Unlimited Cash Rewards Credit Card is a cash back credit card designed to help cardholders earn rewards on everyday purchases without limits.

This card provides a straightforward and no-fuss rewards structure, making it an ideal choice for consumers who prefer simplicity in managing their finances.

One of the main attractions of this card is its unlimited 1.5% cash back on all purchases, which makes it perfect for people who want to earn rewards on everything they buy.

There are no rotating categories, no spending limits, and no need to activate rewards, making it incredibly user-friendly.

Reasons to Choose the Bank of America Unlimited Cash Rewards Credit Card

Simple Rewards Structure

The card offers a flat 1.5% cash back on every purchase, without the hassle of rotating categories or limits on rewards. This simplicity makes it a great option for individuals who want a straightforward cashback program without tracking spending categories.

Sign-Up Bonus

New cardholders can earn a $200 cash rewards bonus after spending $1,000 in the first 90 days. This bonus adds extra value to the card and can offset some of the initial costs of the cardholder’s purchases.

Introductory APR Offer

The 0% intro APR on purchases for 15 billing cycles provides flexibility for new cardholders who want to carry a balance without incurring interest charges. This offer can be particularly beneficial for those making large purchases or needing time to pay off their balances.

No Annual Fee

Unlike many other rewards cards, the Bank of America® Unlimited Cash Rewards Credit Card has no annual fee, meaning cardholders can enjoy cash back rewards without paying an extra fee each year.

Mobile Banking Benefits

Bank of America offers a user-friendly mobile app, making it easy to track spending, redeem rewards, and manage the cardholder’s account from anywhere.

Cash Rewards Flexibility

Cashback earned with the card can be redeemed for statement credits, direct deposits into a Bank of America checking or savings account, or even used as gift cards.

Negative Factors of the Bank of America Unlimited Cash Rewards Credit Card

While the Bank of America® Unlimited Cash Rewards Credit Card offers many benefits, it also comes with a few downsides that potential cardholders should consider before applying:

Foreign Transaction Fees

One notable negative aspect of this card is its foreign transaction fee of 3% on purchases made outside of the United States.

This fee can quickly add up if you travel internationally and make purchases abroad.

Limited Introductory APR Offer on Balance Transfers

While the 0% introductory APR on purchases is appealing, it’s important to note that this offer does not apply to balance transfers.

Cardholders looking to transfer a balance from another credit card will face a standard variable APR on those transfers.

High Standard APR

After the intro period ends, the variable APR can be relatively high, ranging from 16.24% to 26.24%, depending on the cardholder’s creditworthiness.

How to Apply for the Card

Visit the Official Bank of America Website:

Begin by navigating to the official Bank of America website. Look for the section dedicated to the Bank of America® Unlimited Cash Rewards Credit Card, where you can find comprehensive details about its features, benefits, and eligibility criteria.

Complete the Online Application Form:

Fill out the online application with your accurate personal and financial details. Make sure that all information is up-to-date, as any inaccuracies might delay the analysis process.

Submit Required Documentation:

Depending on your financial profile, you may be asked to provide additional documentation, such as proof of income, identification, or residency. Having these documents prepared in advance can help expedite the review process.

Review the Terms and Conditions:

Carefully read through the terms and conditions associated with the card. It is essential to understand details such as interest rates, annual fees, rewards structure, and other specific benefits of the Bank of America® Unlimited Cash Rewards Credit Card.

Submit Your Application:

After verifying that all necessary fields are complete, submit your application. You will receive an email confirmation along with details about the next steps and an estimated timeframe for the analysis of your application.

Fees and Costs

The Bank of America® Unlimited Cash Rewards Credit Card has several fees and costs associated with its use:

Annual Fee: $0 (No annual fee);

Interest Rates:

APR for Purchases: 0% for the first 15 billing cycles, then a variable 16.24% to 26.24%;

APR for Cash Advances: 25.24% (Variable);

Foreign Transaction Fees: 3% of each transaction in U.S. dollars;

Late Payment Fee: Up to $40 (If payment is made late);

Returned Payment Fee: Up to $40;

Cash Advance Fee: The higher of $10 or 3% of the amount of each cash advance.

Frequently Asked Questions

How do I redeem my cash back?

Cashback can be redeemed for statement credits, direct deposits into a Bank of America checking or savings account, or gift cards.

You can also use the cash back for travel purchases through Bank of America Travel Center.

Is there a limit to the amount of cash back I can earn?

No, there are no limits to the amount of cash back you can earn. You’ll earn 1.5% cash back on all purchases, no matter how much you spend.

What is the intro APR for purchases?

The 0% intro APR on purchases is valid for the first 15 billing cycles, after which the APR will increase to a variable rate between 16.24% and 26.24%, based on your creditworthiness.

Can I transfer balances to this card?

Yes, you can transfer balances to this card. However, note that the intro APR offer does not apply to balance transfers, and you’ll incur a standard APR on those balances.

How can I apply for the Bank of America® Unlimited Cash Rewards Credit Card?

You can apply online through the Bank of America website or by visiting a branch. Make sure to have your financial details ready to complete the application process.

The Bank of America® Unlimited Cash Rewards Credit Card is an excellent option for those seeking a simple, straightforward cash back credit card.

With its unlimited 1.5% cash back on all purchases, a generous $200 bonus for new cardholders, and no annual fee, it offers great value without complicating things with rotating categories or restrictions.

While the foreign transaction fee and high standard APR may be drawbacks for some, the card’s benefits outweigh these negatives for many users.

If you’re looking for an easy-to-manage rewards card that offers flexibility and a solid bonus, the Bank of America® Unlimited Cash Rewards Credit Card is a strong contender that can help you maximize your rewards with little effort.