The Bank of America Unlimited Cash Rewards credit card is a strong choice for anyone looking for simplicity and guaranteed returns on everyday spending. With a flat-rate cashback model, there’s no need to track categories or worry about rotating offers. You’ll earn the same percentage back on every purchase—plus enjoy helpful perks and a generous rewards program. Here’s what makes this card stand out.
Cashback
The biggest highlight of the Unlimited Cash Rewards card is its straightforward cashback structure. You’ll earn 1.5% cashback on all purchases, every day, with no spending cap. That means whether you’re grocery shopping, filling up your gas tank, or paying bills online, you’ll always receive the same return—no tracking, no hassle.
What’s more, the cashback is applied automatically, either as a statement credit or a transfer to your Bank of America checking or savings account. If you’re already a Bank of America customer, there’s no need to redeem points manually—your rewards are deposited seamlessly.
And there’s an extra incentive for loyal customers: those enrolled in the Preferred Rewards program can earn between 25% and 75% more cashback, depending on their tier. That translates to up to 2.62% back on every purchase—a competitive return for a no-category card.
Extra Benefits
Beyond the cashback, this card comes with a $200 welcome bonus when you spend $1,000 within the first 90 days of opening your account. Plus, there’s no expiration on rewards as long as your account stays open and in good standing.
Other key benefits include:
- 0% introductory APR on purchases and balance transfers for the first 15 billing cycles (roughly 15 months). After that, a variable APR applies.
- Built-in fraud protection, real-time account alerts, and the ability to lock or unlock your card instantly through the mobile app.
- Access to your free FICO® Score and Bank of America’s financial management tools, helping you stay on top of your credit.
- Full integration with the Bank of America mobile app, making it easy to track purchases, monitor rewards, and manage your account anytime.
