How to Apply for Bank of America Unlimited Cash Rewards Credit Card
Unlock the potential for unlimited cash back with the Bank of America Unlimited Cash Rewards Credit Card. As a reliable financial companion, this credit card offers a straightforward 1.5% cash back on every purchase, allowing you to earn while you spend. There are no limits or categories to track, making it a hassle-free option for everyday use.
Designed with convenience and savings in mind, this card comes with no annual fee, meaning you can enjoy its rewards without additional costs. Plus, take advantage of an introductory 0% APR on purchases and balance transfers for the first 15 billing cycles, which helps you manage expenses efficiently.
Whether you are a frequent shopper or someone who enjoys dining out, the Bank of America Unlimited Cash Rewards Credit Card offers a simple and rewarding way to enhance your purchasing power. Its user-friendly features make it an attractive choice for anyone looking to maximize cash back rewards.
Benefits of the Bank of America Unlimited Cash Rewards Credit Card
Unlimited 1.5% Cash Back on All Purchases
The Bank of America Unlimited Cash Rewards Credit Card offers a generous 1.5% cash back on every purchase you make, regardless of the category. This straightforward rewards system makes it easy to accumulate cash back without having to worry about rotating categories or spending limits. Imagine spending $1,000 a month on your card; you’d earn $15 cash back instantly. Over a year, that’s $180 back in your wallet just from regular expenses. Tip: Use this card for all daily spending to maximize the cash back benefit.
Introductory 0% APR on Purchases
One of the most appealing features of this card is the 0% introductory APR on purchases for the first 15 billing cycles. This period allows you to make substantial purchases and pay them off over time without incurring interest. It’s a useful option if you plan to make large purchases such as a new laptop or home appliances. Tip: Plan ahead and use this promotional period to finance big-ticket items while budget planning repayment during the interest-free months.
No Annual Fee
The absence of an annual fee means you enjoy all the card’s benefits without any upfront cost, rendering any cash back earned as pure savings. There are no hidden charges to worry about each year, allowing you to take full advantage of the rewards program without reducing your net gain. Tip: Reinvest the savings from the annual fee into your rewards by paying for expenses that further increase your cash back.
Preferred Rewards Program
If you’re a Bank of America customer, enrolling in the Preferred Rewards program can further enhance your cash back rewards. Depending on your tier in the program, you could earn a bonus of 25% to 75% on the cash back from your purchases. For instance, if you qualify for the highest tier and earn 1.5% cash back, your effective cash back rate could be as high as 2.625%. Tip: Consider consolidating your banking and investment accounts with Bank of America and Merrill Lynch to qualify for the Preferred Rewards program and maximize your earnings.
SEE HOW TO GET YOUR BANK OF AMERICA UNLIMITED CASH REWARDS CREDIT CARD
| Category | Details |
|---|---|
| Cash Back | Earn 1.5% cash back on every purchase, with no limits on how much you can earn. |
| Bonus Offer | Get a $200 online cash rewards bonus after qualifying purchases in the first 90 days. |
The Bank of America Unlimited Cash Rewards Credit Card provides a variety of features designed to offer flexibility and value. One of the distinct advantages is the cash back feature, allowing cardholders to earn a consistent percentage back on all purchases. This means every time you spend money, you are also earning a reward, which can accumulate significantly over time.Additionally, the card often comes with promotional incentives, such as the cash rewards bonus for new users. By meeting the minimum spending requirement within a set timeframe, users can receive a welcome bonus, enhancing the overall value of the card right from the start.Furthermore, this card typically includes no annual fees, allowing users to enjoy the benefits without added financial burdens. Whether you are using the card for everyday purchases or larger expenses, the advantages remain consistent and user-friendly, making it an appealing option for many. Importantly, the listed benefits can cater to individuals with varying spending habits, promoting the card as a viable choice for both occasional spenders and frequent shoppers. The ease of cash back accumulation ensures that users feel rewarded for their everyday transactions.
Requirements for the Bank of America Unlimited Cash Rewards Credit Card
- Credit Score: A good to excellent credit score is often required. Aim for a minimum of 670, though higher scores increase your chances of approval.
- Income Level: Applicants should demonstrate a stable and sufficient income. There’s no specific number set, but your income must comfortably cover your credit obligations.
- U.S. Residency: You must be a legal resident of the United States. This includes presenting valid documentation to confirm your status.
- Age Requirement: You must be at least 18 years old to apply for a credit card in most states. If you’re in Alabama or Nebraska, the age requirement is 19.
- Identification and Social Security Number: Be ready to provide a valid government-issued ID, and a Social Security number or Taxpayer Identification Number.
SEE HOW TO GET YOUR BANK OF AMERICA UNLIMITED CASH REWARDS CREDIT CARD
How to Apply for the Bank of America Unlimited Cash Rewards Credit Card
Step 1: Explore Your Options
Before applying, it’s important to understand what the Bank of America Unlimited Cash Rewards Credit Card offers. This card provides you with unlimited cash back on every purchase, with no expiration on rewards. To be better prepared, assess your financial needs and confirm that this credit card aligns with your personal or financial goals.
Step 2: Visit the Bank of America Website
The first step in the application process is to access the Bank of America’s official website. You can do this by typing ‘Bank of America’ into your search engine and navigating to their homepage. Once there, find and select the section dedicated to credit cards to view available options, including the Unlimited Cash Rewards Credit Card.
Step 3: Begin Your Application
Upon selecting the Unlimited Cash Rewards Credit Card, you’ll find a button or link to start your application. Click this, and be prepared to provide personal information such as your name, address, social security number, and employment details. Ensure all information is accurate to avoid delays in processing your application.
Step 4: Review Terms and Submit Your Application
Carefully read through the credit card’s terms and conditions. It’s crucial to understand interest rates, fees, and any penalties associated with the card. After you’ve reviewed this information, you can submit your application. Double-check that all entered details are correct before submitting.
Step 5: Wait for Approval
After submitting your application, the bank will review your information. This process usually takes a few minutes to a couple of days. If approved, you will receive your new Unlimited Cash Rewards Credit Card by mail, with instructions on how to activate it and start earning rewards.
VISIT THE WEBSITE TO LEARN MORE
Frequently Asked Questions about the Bank of America Unlimited Cash Rewards Credit Card
What is the main benefit of the Bank of America Unlimited Cash Rewards Credit Card?
The primary benefit of the Bank of America Unlimited Cash Rewards Credit Card is its straightforward unlimited 1.5% cash back on all purchases. This means that regardless of what you buy, you’ll earn a simple and consistent cash-back rate, making it easy to accumulate rewards without having to worry about category restrictions or changing terms.
Are there any special offers for new cardholders?
Yes, typically, new cardholders can enjoy a welcome bonus offer. For instance, you might earn $200 after making at least $1,000 in purchases in the first 90 days of opening your account. However, these offers can change, so it’s a good idea to check the current promotions before applying.
Does the Bank of America Unlimited Cash Rewards Credit Card have an annual fee?
No, one of the appealing features of this credit card is that it has no annual fee. This means you can take advantage of cash-back rewards without worrying about an annual cost eating into your earnings.
What interest rates can I expect with this credit card?
Interest rates for this card can vary based on your creditworthiness and U.S. Prime Rate. Generally, the card offers a competitive intro APR on purchases and balance transfers for the first 15 billing cycles. After that, the APR will vary between 14.99% and 24.99%. It’s important to pay attention to the terms and strive to pay your balance in full to avoid interest charges.
Are there any foreign transaction fees on this credit card?
Yes, the Bank of America Unlimited Cash Rewards Credit Card does charge a foreign transaction fee of 3% of the U.S. dollar amount of each transaction. If you frequently travel abroad or make purchases from international websites, this is something to consider when managing your travel expenses.
