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Card reviewBank of America
Updated Apr 16, 2026 · research
Bank of America® Unlimited Cash Rewards Credit Card for Students
Bank of AmericaBank of America Cash RewardsEditorially reviewed

Bank of America® Unlimited Cash Rewards Credit Card for Students

Earn unlimited 2% cash back on purchases for the first year, then 1.5% thereafter. $200 online cash rewards bonus after $1,000 in purchases in the first 90 days. No annual fee.

Entry LevelPersonal
Visa
Credit profile: fair
$0
Annual fee
2% back all purchases
Top rate
N/A
Foreign fee
N/A
Rating

Current Welcome Offer

200 cashback

$200 estimated value

Spend $1,000 in 90 days

Verifiedofficial
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Card Offers

public

200 cashback

Verified

$200 estimated value

Spend $1,000 in 90 days

official

Earning Rates

all purchases
2%cash back

for the first year from account opening

all purchases
1.5%cash back

thereafter

Pros & Cons

Pros

  • No annual fee.
  • Unlimited cash back at 2% first year then 1.5% on all purchases.
  • 0% intro APR for 15 billing cycles on purchases and balance transfers.
  • $200 welcome bonus after $1,000 spend in 90 days.
  • Rewards do not expire if account stays open.

Cons

  • Cash back rate drops from 2% to 1.5% after first year.
  • High ongoing APR of up to 27.49%.
  • Balance transfer fee increases to 5% after intro period.

Key Takeaways

  • Unlimited 1.5% cash back on all purchases after the first year at 2%.
  • $200 bonus after $1,000 spend in 90 days.
  • 0% intro APR for 15 billing cycles on purchases and balance transfers within 60 days.
  • No annual fee and rewards do not expire with open account.
  • Entry-level student card requiring fair credit.

Fees

Fee TypeAmount
Annual Fee$0

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.

Hidden Gems

Rewards Never Expire

Cash back rewards do not expire as long as the account remains open. This provides long-term value for consistent users.

Extended Intro BT Fee

A 3% intro balance transfer fee applies to transfers in the first 60 days. This is lower than the standard 5% fee afterward.

Frequently Asked Questions

What is the annual fee for this card?
The card has no annual fee. This applies every year.
What are the rewards rates?
It earns 2% cash back on all purchases for the first year from account opening. Thereafter, it earns unlimited 1.5% cash back on all purchases. Rewards do not expire as long as the account is open.
What is the welcome bonus?
Cardholders receive a $200 online cash rewards bonus after making $1,000 in purchases within the first 90 days.
What is the introductory APR offer?
There is 0% intro APR for 15 billing cycles on purchases and balance transfers made within the first 60 days. After that, the variable APR ranges from 17.49% to 27.49%.
What are the balance transfer fees?
There is a 3% intro balance transfer fee on transfers made within the first 60 days. Thereafter, the fee is 5%.
Is this card suitable for students?
This is a student credit card designed for entry-level use with fair credit. It offers straightforward cash back rewards with no annual fee.
Does the card have purchase limits on rewards?
There is no limit to the cash back earned on purchases.

About This Card

This card suits college students with fair credit who want simple unlimited cash back rewards without an annual fee. It works well for those building credit through everyday spending.

Earn 2% cash back on purchases for the first year from account opening. Thereafter, unlimited 1.5% cash back on all purchases. No limit to cash back earned and rewards do not expire as long as account open. 0% Intro APR for 15 billing cycles on purchases and balance transfers made within first 60 days. Then variable APR 17.49%-27.49%. $0 annual fee. 3% intro BT fee first 60 days, then 5%.

It stands out among entry-level student cards with a long 15-billing-cycle 0% intro APR and unlimited flat cash back starting at 2% for the first year.

Ready to Decide?

Apply for the Bank of America® Unlimited Cash Rewards Credit Card for Students

200 cashback, worth about $200 estimated value, with no annual fee.

Spend $1,000 in 90 days

Apply NowCompare Cards

Reward Program

Bank of America Cash Rewards

Earns Cash Back

Learn more

Card Categories

CashbackStudent

Sources & Methodology

Data Collection

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Editorial Review

Pending editorial review.

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