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Bank of America® Unlimited Cash Rewards Credit Card review

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Advertiser Disclosure

Annual Fee
$0.00
Interest Rate: Purchases
14.24% ‐ 24.24% (Variable) (0% for the first 15 months)
Interest Rate: Purchases
14.24% ‐ 24.24% (Variable) (0% for the first 15 months)
Balance Transfer
14.24% ‐ 24.24% (Variable) (0% for the first 15 months)
Balance Transfer
14.24% ‐ 24.24% (Variable) (0% for the first 15 months)
Rewards
1.5% cashback
Rewards
1.5% cashback
Signup Bonus
$200 after spending $1,000
Signup Bonus
$200 after spending $1,000


7.4/10
Informr score
The Bank of America® Unlimited Cash Rewards Credit Card currently has an Informr score of 7.4 out of 10. This score is based on our evaluation of 9 sources including reviews from users and the web's most trusted critics.

Am I eligible?


Bank of America® Unlimited Cash Rewards Credit Card is typically available to those with good credit scores (650 or greater).
To get this card, you must also:
Yes Be a permanent or temporary resident of USA

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...


FinanceBuzz
FinanceBuzz

The Bank of America Unlimited Cash Rewards card can be worthwhile. For a general cashback card, the Bank of America Unlimited Cash Rewards offers a decent 1.5% rate on all purchases. This competes with other popular cashback card options, such as the Capital One Quicksilver Cash Rewards Credit Card...

- Ben Walker, FinanceBuzz
The Ascent
The Ascent

Lives up to its name with unlimited 1.5% cash back on purchases. Add in an intro-APR offer and no annual fee, and you have a sound pick for your non-category purchases.

- Brittney Myers, The Ascent
CreditCards.com
CreditCards.com

The Unlimited Cash Rewards card costs nothing to keep in your wallet, so there’s little risk in applying. But unless you’re a Bank of America Preferred Rewards member with a large balance across your checking,  savings and eligible investment accounts, the card will likely fall short of other flat-r...

- Nouri Zarrugh, Garrett Yarbrough, CreditCards.com
Bankrate
Bankrate

The Unlimited Cash might be the best unlimited flat-rate cash back card available if you have at least $50,000 sitting in the bank to earn 2.25 percent cash back with Platinum Preferred Rewards status (up to 2.62 percent with $100,000 and Platinum Honors status). However, many cardholders looking fo...

- Garrett Yarbrough, Nouri Zarrugh, Grace , Bankrate
NextAdvisor
NextAdvisor

We like flat cash back rewards cards for their simplicity, and the Bank of America Unlimited Cash Rewards card is no exception. However, there are other options available that earn higher cash back rates on every purchase, and may even come with added benefits. Still, this card can make a good optio...

- Holly Johnson, NextAdvisor

Details


Interest Rates
Regular APR Interest Rate 14.24% ‐ 24.24% (Variable) (0% for the first 15 months)

This APR will vary with the market based on the Prime Rate.

Balance Transfer Interest Rate 14.24% ‐ 24.24% (Variable) (0% for the first 15 months)
  • This APR will vary with the market based on the Prime Rate.
  • For transactions made within 60 days of opening your account.
Cash Advance Interest Rate 17.24% ‐ 27.24% (Variable)

This APR will vary with the market based on the Prime Rate.

Rates & Fees
Annual Fee $0.00
Balance Transfer Fee 3%

Minimum of $10

Cash Advance Fee 3%

Minimum of $10

Foreign Transaction Fee 3%

Of each transaction in U.S. dollars.

Over Limit Fee $0.00
Late Payment Fee $40.00

Maximum

Promotions
Sign up bonus $200 after spending $1,000
  • On purchases within the first 3 months
  • You will receive the $200 back in the form of a statement credit
Rewards
All Purchases 1.5% cash back
Restaurants No
Gas No
Groceries No
Hotels No
Travel No
Pharmacy No
Bills No
Additional Details

Preferred Rewards members earn 25%-75% more cash back on every purchase.

Features & Benefits
Additional Card Holders Yes
Travel Accident Insurance No
Car Rental Insurance No
Car Rental Discount No
Extended Warranty No
Purchase Protection No
Zero Liability Yes
No Foreign Transaction Fees No
Emergency Assistance No
Concierge Service No
Price Protection No
Fraud Protection Yes
Free Credit Scores Yes
Wireless Payments Apple Pay, Samsung Pay, Google Pay
Virtual Cards No
Additional Benefits

Overdraft Protection

Eligibility
Minimum Security Deposit $0
Minimum Age 18
Minimum Personal Income
Temporary Residents No
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Additional comments -
Terms & Conditions Official Terms & Conditions
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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

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