Bank of America® Unlimited Cash Rewards Credit Card
Earn unlimited 1.5% cash back on all purchases (2% for the first year) with no annual fee and a $200 online cash rewards bonus offer.
Annual Fee
$0
Top Earning Rate
2% back all purchases (first year)
Foreign Tx Fee
3%
Rating
N/A
Current Welcome Offer
200 cashback
$200 estimated value
Spend $1,000 in 90 days
Card Offers
public
200 cashback
$200 estimated value
Spend $1,000 in 90 days
Earning Rates
2% cash back on all purchases for the first year from account opening.
Unlimited 1.5% cash back on all purchases after the first year. Preferred Rewards members earn a 25%–75% bonus on every purchase.
Pros & Cons
Pros
- No annual fee
- Unlimited 1.5% cash back on all purchases after first year (2% first year)
- $200 welcome bonus after $1,000 spend in 90 days
- 0% intro APR for 15 billing cycles on purchases and balance transfers
- Preferred Rewards bonus boosts effective rate up to 2.625%
Cons
- 3% foreign transaction fee
- Variable APR up to 27.49% after intro period
- Balance transfer restrictions including no payments to Bank of America accounts
- Requires good credit for approval
- Lower base rate than some category-specific cards
Key Takeaways
- Earn unlimited 1.5% cash back on everything after first year at 2%, boosted by Preferred Rewards
- No annual fee and flexible redemptions including statement credits and direct deposits
- 0% intro APR for 15 billing cycles on purchases and early balance transfers
- $200 bonus after $1,000 spend in 90 days
- Cash rewards do not expire if account stays open
Fees
| Fee Type | Amount |
|---|---|
| Annual Fee | $0 |
| Foreign Transaction Fee | 3% |
APR Information
- Purchase APR
- 17.49% - 27.49%0% intro APR for 15 months
- Balance Transfer APR
- 17.49% - 27.49%0% intro APR for 15 months
APRs shown are variable and may change based on the Prime Rate. Your actual APR will be determined based on your creditworthiness.
Card Benefits
3 benefits
Statement Credits
Coverage Tier Legend
Frequently Asked Questions
What is the annual fee for this card?
What are the cash back earning rates?
What is the welcome bonus offer?
What are the introductory APR details?
How do balance transfers work?
What are the redemption options for cash back?
Does the card have a foreign transaction fee?
What credit score is required?
About This Card
This card suits everyday spenders seeking simple unlimited cash back without an annual fee, especially Bank of America customers eligible for Preferred Rewards to boost returns. It fits those needing a long intro APR period for purchases or balance transfers.
The Bank of America® Unlimited Cash Rewards Credit Card earns unlimited 2% cash back on all purchases for the first year from account opening, then 1.5% cash back thereafter. There is no annual fee and no limit on the amount of cash back you can earn. New cardholders can earn a $200 online cash rewards bonus after making at least $1,000 in purchases in the first 90 days. The card features a 0% introductory APR for 15 billing cycles on purchases and balance transfers made within the first 60 days, followed by a variable APR of 17.49%–27.49%. Cash rewards do not expire as long as the account is open and can be redeemed as statement credits, direct deposits to a Bank of America checking or savings account, or for purchases at Amazon.com or PayPal checkout. Preferred Rewards members can earn a 25%–75% rewards bonus on every purchase.
It combines a long 15-billing-cycle 0% intro APR with unlimited flat cash back and a no-fee Preferred Rewards boost in the entry-level tier.
Ready to Decide?
Apply for the Bank of America® Unlimited Cash Rewards Credit Card
200 cashback, worth about $200 estimated value, with no annual fee.
Spend $1,000 in 90 days
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Sources & Methodology
Sources & Methodology
Card details are collected by automated crawlers from official issuer pages, then verified by editorial review.
Last updated:
Pending editorial review.
- 3 of 3 benefits rated high confidence
- 1 of 1 offer verified
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