Unlimited Cash Rewards
This cash back credit card offers unlimited cash back rewards on all purchases making it a sought after card. If you enjoy simplicity when earning and redeeming rewards, then this card is for you!
Bank of America® Unlimited Cash Rewards credit card

If you’re a Preferred Rewards member, you can earn 25% – 75% more cash back on every purchase.
Critics' Overview
This flat-rate cash back card makes earning rewards easy and doesn’t charge an annual fee. It also offers a generous introductory period for both purchases and balance transfers, making it a great cash back option. We dig into all the details below.Card Details From Bank of America
- $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
- Earn unlimited 1.5% cash back on all purchases.
- If you’re a Preferred Rewards member, you can earn 25%-75% more cash back on every purchase. That means you could earn 1.87%-2.62% cash back on every purchase with Preferred Rewards.
- No annual fee.
- No limit to the amount of cash back you can earn and cash rewards don’t expire.
- 0% Introductory APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 18.24% – 28.24% Variable APR will apply. A 3% fee applies to all balance transfers.
- Contactless Cards – The security of a chip card, with the convenience of a tap.
- This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
Our Critical Analysis
- Easily achievable bonus offer
- Generous introductory APR periods
- No annual fee
- Preferred Rewards members can earn 25% – 75% more cash back on every purchase
- No bonus categories
- There is a foreign transaction fee so it’s not the best option for purchases outside of the U.S
If you have good to excellent credit and draw a hard line at paying an annual fee for your credit card then the Bank of America® Unlimited Cash Rewards credit card is an excellent choice for you. You can earn a $200 online cash rewards bonus after you make at least $1,000 in purchases on your new card in the first 90 days of account opening. You can receive your cash back in the form of a statement credit, deposits into a Bank of America account, or a credit into an eligible account with Merrill.
As for ongoing rewards, you will earn unlimited 1.5% cash back on all purchases making the Bank of America® Unlimited Cash Rewards credit card a desired cash back card. To sweeten the deal, Bank of America® Preferred Rewards program members can accelerate their cash back earnings by 25% to 75%. Your eligibility for this program is based on your Bank of America® and Merrill combined balances. If you qualify for that highest tier, then the 1.5% could go up to 2.62% cash back on every purchase.
You’ll also be able to save money with a 0% Intro APR for 15 billing cycles for purchases. After that the 18.24% – 28.24% Variable APR will apply. You also get a 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days. A 3% fee applies to all balance transfers, but that fee is likely much lower than the interest you are paying on another card. The ongoing 18.24% – 28.24% Variable APR will apply after that intro period is over so it’s good to make a budget and pay that balance down within 15 billing cycles if possible.
If you’re in the market for a card that offers a straightforward way to earn and redeem rewards, then you really can’t go wrong with the Bank of America® Unlimited Cash Rewards credit card. With no annual fee and unlimited cash back, this card is a great fit for your wallet. Select ‘Apply Now’ to view all the card details and easily apply.
Editorial Note: Any opinions, analyses, reviews or recommendations expressed are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.
*CardCritics references a FICO® 8 score, which is one of many different types of credit scores. A financial institution may use a different score when evaluating your application.