Bank of America
Bank of America® Unlimited Cash Rewards Credit Card for Students
Key Features
| Annual Fee | $0.00 |
| Sign-up Bonus | Online $200 cash rewards bonus |
| Rewards Rate | 1.5%-2% Cash Back |
| Intro APR | 0% Intro APR for your first 15 billing cycles for purchases, and for any balance transfers made within the first 60 days of opening your account. |
| Regular APR | 17.49% - 27.49% variable |
| Other Fees | 3% of each transaction intro balance transfer fee for the first 60 days your account is open. After the intro balance transfer fee offer ends, the fee for all future balance transfers is 5%. |
About this card
The Bank of America® Unlimited Cash Rewards Credit Card for Students is a solid choice for students seeking a straightforward cash-back card with no annual fee. Its strengths lie in the generous sign-up bonus, decent 1.5% unlimited cash back, and introductory APR period for purchases. The absence of an annual fee is a significant advantage. However, the regular APR is on the higher side, and the potential foreign transaction fee detracts from its appeal for students studying abroad. The card's reputation is generally positive, though it faces stiff competition from other student cards. The limited appeal of Preferred Rewards for most students and potentially higher approval standards also contribute to a moderate rating. Overall, it's a good card for building credit and earning rewards, but not exceptional.
Pros & Cons
What's great
- No annual fee
- Intro APR period
- Generous sign-up bonus
- High rewards rate
- Cashback on purchases
Things to consider
- High regular APR
- High balance transfer fee
What this card offers
Sign-up bonuses
- Plus, a $200 online cash rewards bonus offer.
- Online $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of your account opening
Rewards
- Earn 2% cash back on purchases for the first year from account opening
- Thereafter, you'll earn unlimited 1.5% cash back on all purchases
Other features
- No limit to the amount of cash back you can earn and cash rewards do not expire as long as your account remains open
- Redeem your cash rewards for any amount, anytime for statement credits to your credit card, deposits made directly into a Bank of America® checking or savings account, or to pay for purchases when you shop at Amazon.com or check out with PayPal
- Stay Protected We block potential fraud if abnormal patterns are detected and let you know if we suspect fraudulent activity. Plus, you always get a $0 Liability Guarantee for fraudulent transactions.
- Balance Connect® for overdraft protection An optional service to help prevent declined purchases, returned checks or other overdrafts when you link your eligible Bank of America® checking account to your credit card. No transfer fees. Other fees may apply.
- Paperless Statement Option Opt for paperless credit card statements and increase account security while reducing paper consumption.
- Digital Wallet Technology Discover more ways to pay by adding your Bank of America® credit card to your mobile device then shop in-store or in-app using Apple Pay®, Google Pay™ or Samsung Pay.
- Online & Mobile Banking Access to our award-winning Online and Mobile Banking. Bank on the go from almost anywhere quickly and securely. Pay your credit card bill online, transfer funds, check available credit and more.
- Account Alerts Stay on top of your balances and due dates. Choose from several types of customer email or text alerts and let your phone tell you when payments are due and paid.
Additional Notes
Note: minimum payments are applied to lower-interest balances first. Additional payments are applied to higher-interest balances first. This offer may not be available elsewhere if you leave this page. You can take advantage of this offer when you apply now.