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You are here: Home / Credit Cards / Bank of America® Unlimited Cash Rewards Credit Card

Bank of America® Unlimited Cash Rewards Credit Card

March 22, 2023 by Gail Kellner

The Bank of America® Unlimited Cash Rewards Credit Card is a cash back card designed for those who want a simple cash back structure. The biggest selling point here is the 0% APR offer on purchases and balance transfers for the first 18 months. You also get a small signup bonus of $200.

If you have a banking relationship with either Bank of America or Merrill Lynch, you can qualify for Preferred Rewards, which, among other things, gets you somewhere between 25% to 75% more rewards on every purchase. However, these days, there are many cards that offer 2% cash back on every purchase without any banking relationship required. We dive into the details and your approval odds in this Bank of America Unlimited review.

Bank of America® Unlimited Cash Rewards Credit Card
Our Rating
4.0/5.0
Welcome Offer
200
Annual Fee
$0
0% on Purchases
18 Months
Rewards Rate
1.5%
0% on Balance Transfers
18 Months

Welcome Offer

Online $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of your account opening

Features & Benefits

SecurityEMV Chip Enabled, Fraud Monitoring, Zero Liability, Alerts
Contactless PaymentsTap to Pay, Apple Pay, Google Pay, Samsung Pay
BenefitsFree credit score access, 24/7 customer service
Travel PerksConcierge Services

Rewards

1.5% cash back
All eligible purchases
Earn unlimited 1.5% cash back on all purchases.

Interest Rates & Fees

Annual Fee$0
Foreign Transaction Fee3% of the U.S. dollar amount of each transaction made in a foreign currency. This fee will be in addition to any other applicable fee.
Regular APR17.74% - 27.74% (V) APR
Balance Transfers0% Intro APR for 18 months on balance transfers, then 17.74% - 27.74%(V) APR after that.
Balance Transfer Fee3% of the amount of each transaction.
Purchases0% Intro APR for 18 months on purchases, then 17.74% - 27.74% (V) APR after that.

What Credit Score Is Required to Get the Bank of America® Unlimited Cash Rewards Credit Card

The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use a number of factors in their underwriting process, and these factors can change at any time.

App StatusDateCredit ScoreBureauCredit Limit
Approved02/14/2022
765
Experian
$22,500
Approved02/14/2022
778
Equifax
$22,500
Approved02/14/2022
794
TransUnion
$22,500
Approved08/30/2022
687
Experian
$1,800
Approved06/15/2022
711
Experian
$6,000
Approved02/03/2023
729
Experian
$20,800
Approved08/30/2022
671
Equifax
$1,800
Approved08/30/2022
704
TransUnion
$1,800
Approved02/03/2023
732
TransUnion
$20,785
Approved02/03/2023
790
Equifax
$20,800
Pros
  • Welcome offer
  • No annual fee
  • 0% APR on purchases and balance transfers
Cons
  • Foreign transaction fee
  • Cash back rewards are lower than other cards

What Are the Best Alternatives?

Blue Cash Everyday® Card from American Express
Blue Cash Everyday® Card from American Express

Rating

4.4

Rewards Range

1%-3%

Annual Fee

$0

Read Review
Chase Freedom Unlimited®
Chase Freedom Unlimited®

Rating

4.9

Rewards Range

1.5% - 5%

Annual Fee

$0

Read Review
Citi<sup>®</sup> Double Cash Card - 18 month BT offer
Citi® Double Cash Card - 18 month BT offer

Rating

4.9

Rewards Range

1% to 2%

Annual Fee

$0

Read Review

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About Allcards.com

Rob Berger founded allcards.com in 2008 to help consumers make data-driven decisions about credit cards and banking. A retired trial attorney, he’s written about credit cards, banking and personal finance since 2007, and is the author of Retire Before Mom and Dad.

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