Review
Bank of America® Unlimited Cash Rewards Credit Card Review: Simple, Unlimited Cash Back Rewards
Looking for a straightforward cash-back card? The Bank of America Unlimited Cash Rewards card offers a simple, unlimited 1.5% cash back on every purchase, and even more for Bank of America Preferred Rewards members.
| Annual Fee | $0.00 |
| Regular APR | Standard APR 17.49% - 27.49% variable |
| 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. |
| Rewards Rate | 1.5% - 2% Cash Back |
| Sign-up Bonus | $200 cash rewards bonus |
| 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 4%. |
Overview
Pros & Cons
What's great
- No annual fee
- Intro APR period
- Generous sign-up bonus
- Cashback on purchases
Things to consider
- High regular APR
- Balance transfer fee
Benefits
Drawbacks
Decision Guidance
Summary
The Bank of America® Unlimited Cash Rewards Credit Card is a solid offering, especially for existing Bank of America customers who can leverage the Preferred Rewards program. Its strengths include the lack of an annual fee, a decent sign-up bonus, an...