Bank of America® Unlimited Cash Rewards: Simple, Unlimited Cash Back on Every Purchase
Bank of America® Unlimited Cash Rewards keeps things simple: earn unlimited 1.5% cash back on every purchase, pay no annual fee, unlock a $200 online cash bonus after $1,000 in purchases during the first 90 days, and enjoy 0% intro APR for 18 billing cycles.
Preferred Rewards members can push returns as high as 2.625%, turning a flat-rate card into one of the most lucrative everyday earners available to Bank of America loyalists.
Quick snapshot
- Unlimited 1.5% cash back with no caps or categories
- $200 online cash bonus after $1,000 spend in 90 days
- 0% intro APR on purchases and transfers for 18 billing cycles (3% transfer fee)
- Preferred Rewards bonus boosts cash back by 25% to 75%
Earn Cash Back Without Micromanaging Categories
Charge everyday expenses—groceries, utilities, subscriptions, and travel—and collect a flat 1.5% on everything. Rewards never expire while the account stays open, and you can redeem in any amount as a statement credit, direct deposit, or transfer to eligible Merrill accounts.
Preferred Rewards Turns 1.5% Into 2.625%
Maintain $20,000 or more in combined Bank of America or Merrill balances to join Preferred Rewards and earn 25%, 50%, or 75% bonus cash back. Platinum Honors members see every swipe earn 2.625% without paying an annual fee.
Use the Intro APR Window Strategically
The 0% intro APR for 18 billing cycles on purchases and balance transfers gives you time to finance major buys or consolidate higher-rate debt. Factor in the 3% transfer fee and set a payoff plan so no balance remains once the variable 19.24% to 29.24% APR begins.
Who Should Carry This Card
This card fits cash-back generalists who value simplicity, Bank of America clients chasing Preferred Rewards bonuses, and anyone needing a long 0% financing runway. If you want premium travel perks or category multipliers, compare alternative cards first.
Important Disclosure
Representative Example: Transferring $5,000 at 0% intro APR for 18 billing cycles incurs a $150 fee. Pay the balance before the promotion ends or interest resumes at the standard 19.24% to 29.24% variable APR.
Risk Warning: Late payments can void intro APR benefits and add fees up to $40. Always review current Pricing Information and Preferred Rewards requirements with Bank of America before applying.