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Bank of America has a long history of offering excellent financial products and services. Its legacy includes being the first institution to issue a bank credit card back in 1958. Today, it’s one of the biggest credit card issuers in the US, with a vast portfolio that includes cashback, travel, and credit rebuilding cards.
The Unlimited Cash Rewards credit card embodies the bank’s innovative spirit and commitment to providing high-value products, offering cardholders an uncomplicated cashback structure on all purchases.
The Unlimited Cash Rewards credit card is ideal for people who don’t spend heavily in any one category and want a simple cashback program with a rate that applies across the board.
Cardholders get a 0% intro APR on purchases and balance transfers (made in the first 60 days of account opening) for 15 billing cycles. After the end of the introductory period, the APR reverts to 18.24%-28.24% variable.
The Unlimited Cash Rewards credit card has no annual fee. However, there’s a 3% fee for all balance transfers.
With this card, every purchase earns you 1.5% cash back, regardless of category. There’s no limit to the cashback amount you can earn, and your rewards never expire.
The earning rate is even higher if you’re a Bank of America Preferred Rewards program member. Depending on your tier, you can get 25%-75% extra rewards. The specific bonus rates for each tier are as follows:
Gold tier: 25% more cashback
Platinum tier: 50% more cash back
Platinum Honors and Diamond tiers: 75% more cashback
The card also comes with a nice welcome bonus—if you spend $1,000 in the first 90 days of opening your account, you earn a cash reward worth $200.
The easiest way to apply for the BofA Unlimited Cash Rewards credit card is online.
On the Bank of America’s homepage, click “Credit Cards” and then “Cash Back Credit Cards.” Look for the Unlimited Cash Rewards credit card from the available list, and then click “Apply Now.” Provide the information required and submit your application.
Some of the information you need to provide while applying for the card includes your full name, physical address, email, phone number, social security number, and employment status.
The bank promises to respond in as little as 30 seconds after you complete your application.
Bank of America provides 24/7 support for lost or stolen credit cards via 800-732-9194.
You can also contact the company through live chat. To confirm the availability of this service, log in to your online banking account, select “Help & Support,” and then “Contact us.” From the drop-down menu, choose a topic and then select “Go.” You’ll see a “Chat now” link if live chat support is available for your topic and an agent is online.
Furthermore, the bank’s website includes a detailed FAQ section with answers to common queries about the bank’s credit cards. There’s also a Help Center with many useful customer resources, including product guides, a branch locator, and an appointment scheduler.
Online reviews from customers paint a mixed picture of the company’s responsiveness to inquiries. Some users commend the bank for its quick response times and efficient, supportive assistance. However, many customers also report prolonged wait times or challenges in resolving their problems effectively.
Bank of America prioritizes customer security and has implemented several measures to keep you and your information safe and private.
First, only those who need to know your financial information—for example, because they are providing a service you require—are authorized to access it. Additionally, the bank uses industry-standard encryption protocols, including SSL technology, to ensure any information you pass to them and vice versa is transmitted securely and without outside interference.
To prevent fraud, the bank monitors your account activity 24/7 and notifies you via text, email, or phone if it detects any suspicious patterns or activities. Furthermore, Bank of America provides secure login features such as biometric and two-factor authentication to prevent illegal or unauthorized access to your account.
Finally, it provides a $0 Liability Guarantee that protects you from fraudulent transactions on your account or card.
The credit limit for the BofA Unlimited Cash Rewards credit card ranges from $1,000 to $50,000+. Your credit standing and income, among other factors, will determine the specific limit you get.
Generally, if you have a good to excellent credit score (i.e., a FICO score of 670 and above), you have a strong chance of getting approved for the BofA Unlimited Cash Rewards credit card. You might still qualify with a lower score but won't get the best rates.
The Bank of America® Unlimited Cash Rewards® credit card offers a reasonable 1.5% unlimited cash back on all purchases, with a chance to earn even more if you’re a Preferred Rewards member. The lengthy 0% intro offer on purchases and balance transfers, zero annual fees, and a $200 welcome bonus add to the card’s allure.
If you’re looking for a hassle-free way to get rewarded for your spending, this card is worth looking into.
This review was compiled using information from Bank of America’s official website and online review sites.
