Credit Cards (US)

Bank of America® Unlimited Cash Rewards card full review

Bank of America features a new competitive credit card that offers rewards and more. Check out now the Bank of America® Unlimited Cash Rewards review!

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by Aline Augusto

Published on 12/08/2021

Bank of America® Unlimited Cash Rewards card

Bank of America® Unlimited Cash Rewards review. Source: Bank of America.
Bank of America® Unlimited Cash Rewards review. Source: Bank of America.

When it comes to credit card searching, you must look for those with a reasonable APR, good rewards program, and low costs. Then, you must check out our Bank of America® Unlimited Cash Rewards review, because this credit card meets all these requirements.

And more, there is an introductory APR offered when you open the account.

Learn more about it on this post! Then, keep reading!

Credit ScoreGood – Excellent 
Annual Fee$0
Regular APRFrom 13.99% to 23.99%
Welcome bonus$200 
Rewards1.5% cash back on all purchases
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How to apply Unlimited Cash Rewards

Bank of America® Unlimited Cash Rewards offers rewards with $0 annual fee. See how to apply for it!

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How does the Bank of America® Unlimited Cash Rewards credit card work?

The Unlimited Cash Rewards credit card offers 1.5% cash back on all purchases, and it allows you to join the Bank of America’s Preferred Rewards Program, which raises the tiers of rewards.

Plus, by signing up, you earn $200 and an introductory APR of 0% for 15 months within 60 days after the account opening.

Also, it provides you with security features, such as account alerts against suspect fraudulent activities and overdraft protection.

In addition, the card gives you convenience and agility through contactless payment, paperless statement options, mobile app, and digital wallet linking. 

Finally, all of it is without an annual fee. Is this real? Yes, it is. But let us explain all its benefits and the downsides first, for you to make a wise decision!

Bank of America® Unlimited Cash Rewards benefits

See what are the benefits of Bank of America® Unlimited Cash Rewards credit card. Source: Canva.
See what are the benefits of Bank of America® Unlimited Cash Rewards credit card. Source: Canva.

Firstly, you earn unlimited cash back with no expiration date. Plus, it can be redeemed as a deposit into your checking or saving account, or a statement credit.

Secondly, you can get an introductory APR and a bonus if opening an account.

Last but not least, there is no annual fee charged for this credit card.

However, note that it charges a 3% foreign transaction fee. Also, it requires at least a good credit score for the application process.

See right below the list of pros and cons!

Pros

  • No annual fee
  • Unlimited 1.5% cash back on all purchases
  • Possibility to access a higher tier of rewards through the Bank of America’s Preferred Rewards Program
  • Introductory APR and sign-up bonus
  • Security, protection, and convenience features

Cons

  • Minimum good credit score recommended to apply for it
  • Rewards higher tiers only available through the Bank of America’s Preferred Rewards Program
  • It charges foreign transaction fee

How good does your credit score need to be?

Before applying for this card, note that it requires a minimum 690 credit score.

How to apply for a Bank of America® Unlimited Cash Rewards?

Check out if you are eligible to get your new card on our next post! Learn how to apply for it and get rewards!

Logo Bank of America fundo cinza

How to apply Unlimited Cash Rewards

Bank of America® Unlimited Cash Rewards offers rewards with $0 annual fee. See how to apply for it!

About the author

Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by

Aline Barbosa

Senior Editor

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