Bank of America Unlimited Cash Rewards Credit Card review: Get rewarded for every purchase you make

The Bank of America® Unlimited Cash Rewards Credit Card offers a batch of imaginable worth without a batch of complexity. You tin gain unlimited level cash-back rewards and bask a coagulated 0% APR period, with nary yearly fee.

Learn much astir each this paper has to connection if you’re looking to simplify your recognition paper rewards:

The astir important added payment you’ll get with the Bank of America Unlimited Cash Rewards paper is simply a agelong introductory 0% APR period.

For the archetypal 15 billing cycles aft you unfastened your account, you’ll wage 0% APR connected caller purchases and connected equilibrium transfers made wrong the archetypal 60 days of relationship opening. After that intro period, immoderate balances inactive near connected your paper volition accrue involvement astatine the regular adaptable APR betwixt 17.99% and 27.99%. If you determine to transportation an existing indebtedness balance, you’ll besides wage a 3% equilibrium transportation interest wrong the archetypal 60 days; aft that, equilibrium transfers person a 4% fee.

While 15 billing cycles isn’t the longest intro play you’ll find today, it is competitory with different apical 0% APR recognition cards which typically scope from 12 to 18 months. And with this offer, you’ll get much than a twelvemonth without involvement to wage disconnected purchases you complaint to your paper oregon to get a important caput commencement toward paying disconnected an existing indebtedness balance.

Other features are modular among astir recognition cards today, including $0 liability for fraud, relationship alerts, and overdraft extortion erstwhile you nexus your Bank of America checking account.

You’ll gain 1.5% currency backmost connected each acquisition you marque with this card. Whether you usage it erstwhile you substance up astatine the state station, bargain your play groceries, oregon marque an impulse acquisition portion browsing online, you’ll get the aforesaid 1.5% currency backmost connected your spending.

Based connected mean American spending information from the Bureau of Labor Statistics, we estimation that you tin gain implicit $423 per twelvemonth successful currency backmost erstwhile you usage this paper for each your mundane purchases.

You’ll gain a currency invited bonus worthy $200 erstwhile you walk astatine slightest $1,000 wrong the archetypal 90 days of opening your Bank of America Unlimited Cash Rewards card.

That’s a coagulated invited connection compared with different champion cash-back recognition cards today, particularly fixed the realistic spending requirement. You’ll request to walk astir $300 per period implicit the archetypal 3 months to suffice for this bonus.

Related: Best recognition paper sign-up bonuses

Boosted rewards net don’t extremity with the currency invited bonus. For your full archetypal year, you tin besides gain an accrued 2% currency backmost connected each acquisition you marque — alternatively of the modular 1.5% this paper offers.

Let’s accidental you walk astir $15,000 per twelvemonth with your card, oregon $1,250 per month. At the regular 1.5% cash-back rate, that’s astir $225 successful yearly rewards. But implicit your archetypal year, you’ll gain an adjacent amended $300 currency backmost with the aforesaid spending.

You tin get a important rewards summation semipermanent with this paper if you’re a Bank of America Preferred Rewards member. The bonus you’ll get depends connected the tier you suffice for, based connected your combined full equilibrium crossed eligible Bank of America deposit and Merrill concern account:

• Gold tier: 25% rewards bonus

• Platinum tier: 50% rewards bonus

• Platinum Honors and Diamond Honors tiers: 75% rewards bonus

At the highest bonus tier of Platinum Honors, you tin summation your rewards complaint by 75%, from 1.5% to 2.62% currency back. Using the aforesaid spending illustration arsenic above, Preferred Rewards could get you a full of $393 successful currency backmost connected your $15,000 successful yearly spending. That’s $168 much successful currency backmost each twelvemonth implicit the modular 1.5%.

Bank of America currency rewards are casual to redeem anytime you privation with nary minimum required. You tin currency successful rewards for a connection recognition to your paper relationship oregon a nonstop deposit to your Bank of America checking oregon savings account. You tin besides usage the currency you gain erstwhile you cheque retired utilizing PayPal oregon store connected Amazon.

The Bank of America Unlimited Cash Rewards Card excels for its straightforward 1.5% currency backmost connected each acquisition (2% for the archetypal year). You should see this paper if you’re looking for rewards that you don’t person to strategize to gain oregon redeem. It’s a large enactment for rewards recognition paper beginners who person large recognition but whitethorn beryllium intimidated by analyzable rewards structures and benefits.

It’s besides a coagulated prime if you person a ample upcoming acquisition to make. Not lone tin you gain a boosted 2% currency backmost connected that acquisition if you marque it wrong the archetypal twelvemonth of relationship opening, but you tin besides instrumentality vantage of the card’s 0% intro APR wrong that clip frame. You’ll beryllium capable to concern your acquisition for the archetypal 15 billing cycles, though you volition commencement to accrue involvement astatine the card’s adaptable 17.99%-27.99% APR if you don’t wage down the afloat equilibrium by the extremity of the period.

Finally, the Bank of America Unlimited Cash Rewards paper tin marque a bully summation to your wallet if you already person a large question oregon cash-back recognition paper with boosted rewards successful your apical spending categories. Adding a level cash-back paper is simply a large mode to marque definite you maximize each dollar you spend, adjacent erstwhile your acquisition isn’t captured by your different cards’ rewards categories.

• No yearly fee: This paper doesn’t outgo thing to adhd to your wallet, since it charges nary yearly fee.

• Simple level cash-back rewards: You tin gain unlimited 1.5% currency backmost connected each acquisition with this card, and 2% currency backmost connected each purchases for the archetypal year.

• Introductory 0% APR: The 0% APR connection connected this paper applies for some caller purchases and equilibrium transfers, which tin assistance you concern a large acquisition oregon wage down indebtedness you already have.

• No bonus categories for boosted rewards: Because this paper has a level rewards structure, you won’t get boosted rewards successful circumstantial categories, similar groceries, gas, oregon eating retired astatine restaurants.

• 2% rewards extremity aft the archetypal year: The bonus 2% rewards connection lone lasts for the archetypal twelvemonth aft relationship opening. After that, you’ll gain 1.5% currency backmost connected each purchases.

• Good recognition required: For the champion chances of qualifying for this card, you should person an established recognition past and bully recognition score.

The Bank of America Unlimited Cash Rewards paper is simply a Visa recognition card, truthful you tin usage it anyplace Visa is accepted and gain cash-back rewards each time.

However, this paper does complaint a 3% overseas transaction interest for purchases extracurricular the U.S. That tin get costly if you determine to usage it erstwhile traveling abroad. If you question internationally often, marque definite you’re prepared with a paper that has nary overseas transaction fees.

• Online: Log into your online oregon mobile relationship with Bank of America.

• By phone: Call the fig connected the backmost of your recognition card.

• By mail:

  • Credit paper payments Bank of America PO Box 15019 Wilmington, Delaware 19850-5019

• In person: Bank of America has 3,700 locations crossed the U.S. Use the bank’s online locator to find a subdivision adjacent you if you similar to wage successful person.

• Bank of America lawsuit work assistance for recognition cards is disposable 24/7.

• Phone number: 800-732-9194 oregon telephone 800-266-0212 for billing questions

• Bank of America Unlimited Cash Rewards login page

Before you apply, besides see these large recognition paper options for level 1.5x rewards oregon much connected each purchase:

Why we similar it: Like the Bank of America Unlimited Cash Rewards card, you’ll gain a flat, unlimited 1.5% currency backmost with the Capital One Quicksilver Cash Rewards Credit Card. This paper besides has nary yearly fee, a agelong 0% introductory APR period, and a currency invited bonus. You tin get an other cash-back boost erstwhile you usage your Quicksilver paper to publication question with 5% currency backmost connected hotels, abrogation rentals, and rental cars booked done Capital One Travel.

Read our afloat Capital One Quicksilver Cash Rewards Credit Card review.

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Why we similar it: The Chase Freedom Unlimited is simply a nary yearly interest paper with a minimum 1.5% currency backmost connected each purchase, but that’s not each it offers. You’ll besides gain 3% backmost astatine restaurants and cause stores and 5% backmost connected question booked done Chase Travel℠. You tin redeem your rewards for currency backmost oregon usage them to publication question with Chase. Other Freedom Unlimited benefits see a currency invited bonus, introductory 0% APR offer, perks for Lyft and DoorDash spending, and more.

Read our afloat Chase Freedom Unlimited review.

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Why we similar it: Instead of currency back, you’ll gain an unlimited 1.5x points connected each acquisition you marque with the Bank of America Travel Rewards Credit Card. You tin redeem your points toward question and eating purchases you complaint to your card. Other benefits are akin to those you’ll get with the Bank of America Unlimited Cash Rewards card, similar a coagulated invited bonus, introductory 0% APR offer, and Preferred Rewards bonus if you’re eligible. Unlike the Unlimited Cash card, you’ll besides prevention connected spending overseas with nary overseas transaction fees.

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Editorial Disclosure: The accusation successful this nonfiction has not been reviewed oregon approved by immoderate advertiser. All opinions beryllium solely to the Yahoo Finance and are not those of immoderate different entity. The details connected fiscal products, including paper rates and fees, are close arsenic of the people date. All products oregon services are presented without warranty. Check the bank’s website for the astir existent information. This tract doesn't see each presently disposable offers. Credit people unsocial does not warrant oregon connote support for immoderate fiscal product.