Bank of America Unlimited Cash Rewards Credit Card

Earning Rates

Key Benefits

All Benefits

• $200 online cash rewards bonus after spending $1,000 on purchases in the first 90 days of account opening.
• Unlimited 1.5% cash back on all purchases (no rotating categories, no caps, no expiration on rewards as long as account stays open).
• $0 annual fee — keep the card indefinitely without paying to hold it.
• 0% intro APR on purchases for the first 15 billing cycles, then 19.24% to 29.24% variable APR thereafter (verify rates on the issuer page at apply time).
• 0% intro APR on balance transfers made in the first 60 days for 15 billing cycles, then the standard variable APR; 3% balance transfer fee minimum $10.
• 3% foreign transaction fee on purchases made outside the US — this card is not a good fit for international travel.
• Preferred Rewards bonus for Bank of America banking customers: 25% to 75% more cash back on every purchase based on combined BoA + Merrill balances (Gold tier at $20K+ → 25% bonus = 1.875% effective; Platinum at $50K+ → 50% bonus = 2.25%; Platinum Honors at $100K+ → 75% bonus = 2.625%).
• Redeem rewards in any amount, any time — no minimum redemption threshold.
• Redemption options: deposit to BoA checking/savings, credit to a BoA credit card, or apply as a statement credit.
• Mastercard or Visa network — BoA issues both versions depending on application; both networks offer World tier benefits where applicable.
• $0 fraud liability — not responsible for unauthorized transactions reported promptly.
• Cash rewards never expire as long as the account remains open and in good standing.
• Free monthly FICO Score updates via the BoA online banking dashboard.
• Mobile wallet support: Apple Pay, Google Pay, Samsung Pay, Garmin Pay, Fitbit Pay.
• ShopSafe virtual card numbers for online purchases (BoA-issued temporary numbers tied to the real account for one-time use).
• Contactless EMV chip card.
• Total Security Protection: BoA's identity theft and account-monitoring services bundled with the card.
• Authorized users at no additional cost.
• Account access via the BoA mobile app + online banking.
• Cell phone protection: Not offered (Wells Fargo and Capital One Venture X carry cell phone protection on their no-FX-fee competitors; BoA Unlimited Cash Rewards does not advertise this benefit).
• Transfer partners: Not offered — cash rewards are locked to redemption against BoA accounts or as statement credit; no airline or hotel transfer mechanism exists.
• Lounge access: Not offered (this is a $0 AF cash-back card; lounge access requires premium cards like the BoA Premium Rewards Elite).
• Trip cancellation / trip interruption insurance: Not offered — the Visa CDW that older reviews mention was discontinued by Visa in April 2024 for US consumer cards.
• Auto rental collision damage waiver: Not offered post-Visa April 2024 discontinuation; verify via the current Mastercard or Visa Guide to Benefits for any residual coverage if BoA's network elects to retain it.
• Purchase protection and extended warranty: Not offered as a card-issuer benefit (some Visa/Mastercard World tier baseline protections may apply — verify via the current Guide to Benefits).
• Global Entry / TSA PreCheck application credit: Not offered (you would need the BoA Premium Rewards Card at $95 AF to get this $100 every-4-years credit).
• Hotel or rental car status: Not offered — this is a pure cash-back product without travel-program elite status conferral.
• No-FX-fee version: Not available on this card — for fee-free foreign purchases consider BoA Travel Rewards (also $0 AF) or BoA Premium Rewards instead.