Key takeaways
- The Bank of America® Unlimited Cash Rewards credit card offers a flat 1.5 percent cash back on all purchases.
- Bank of America Preferred Rewards members stand to get the most out of this card since they’ll get a 25 percent to 75 percent boosted rewards rate on all purchases.
- This card also comes with intro APR offers, a welcome offer, no annual fee and Visa Signature perks.
If you’re in search of a straightforward, flat-rate cash back credit card, the Bank of America® Unlimited Cash Rewards credit card is worth considering. Whether you’re new to credit card rewards or prefer the simplicity of a flat-rate rewards card, there are benefits to choosing the Unlimited Cash Rewards card.
This article will delve into the benefits of the Unlimited Cash Rewards card and who might find it most advantageous. While the card is easy to use, its cash back rate may be on the lower side. However, Bank of America Preferred Rewards members can maximize their rewards with this card. Here’s what you should know before applying for the Unlimited Cash Rewards card.
Bank of America Unlimited Cash Rewards earning benefits
Flat rewards rate
The card offers a flat 1.5 percent cash back on all purchases. Although the rewards rate is lower compared to some other cards, it can still be beneficial for those with a banking relationship with Bank of America.
Straightforward redemption options
Redeeming your cash back is simple with options like direct deposit, credit to an eligible account, statement credit, or using it for purchases at select retailers.
Welcome offer
New cardholders can earn a $200 online cash rewards bonus after meeting the spending requirement within the specified timeframe.
Boosted rewards for Bank of America Preferred Rewards program
Preferred Rewards members can enjoy increased cash back rates based on their account balances, potentially earning up to 2.62 percent back.