The Bank of America® Unlimited Cash Rewards Credit Card offers unlimited 1.5% cash back on all purchases with no annual fee and a generous $200 bonus.
What you need to know about this credit card:
- Low Introductory APR: 0% for 15 billing cycles on purchases and balance transfers.
- Standard APR: Variable 19.24% to 29.24% after the intro period.
- Balance Transfer Fee: 3% for the first 60 days, then 4%.
- Annual Fee: None.
Pros
- Unlimited Cashback: Earn 1.5% cash back on all purchases.
- No Expiry: Cash rewards never expire as long as your account is open.
- No Annual Fee: Enjoy all benefits without paying an annual fee.
- Preferred Rewards: Members earn 25%-75% more cash back on every purchase.
- $200 Bonus: Online cash rewards bonus after meeting spending requirements.
Cons
- Balance Transfer Fee: 3% for the first 60 days, then 4%.
- High Standard APR: Variable 19.24% to 29.24% after the intro period.
Why Choose Bank of America for your credit card?
Bank of America offers a generous cashback rate compared to Chase Credit Cards, which typically offer 1% to 5% on select categories.
American Express may offer higher category-specific rewards, but Bank of America’s unlimited 1.5% is straightforward and hassle-free.
While Capital One provides diverse reward options, Bank of America’s Preferred Rewards program enhances cashback significantly.
Discover’s rotating categories can be complex, whereas Bank of America’s flat-rate cashback is simple and consistent.
Compared to Wells Fargo, which may have more specific cashback categories, Bank of America’s unlimited cashback on all purchases is more versatile.
Bank of America® Unlimited Cash Rewards Credit Card: let’s get to know it a little better
How to apply for your Bank of America® Unlimited Cash Rewards Credit Card
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