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Insider's experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page. The Bank of America® Unlimited Cash Rewards Credit Card <desc> <g id="asterisk" stroke="none" stroke-width="1" fill="none" fill-rule="evenodd"> <path d="M29.37 0a5 5 0 014.975 4.805l.004.216-.074 17.076 16.857-9.732a5 5 0 015.196 8.542l-.196.119-16.316 9.42 16.316 9.42a5 5 0 01-4.799 8.77l-.2-.11-16.929-9.774-.07 16.27a5 5 0 01-9.996.175l-.003-.217.065-15.519-15.7 9.065a5 5 0 01-5.195-8.542l.196-.119 16.315-9.42-16.315-9.42a5 5 0 014.8-8.77l.2.11 15.776 9.11.072-16.496A5 5 0 0129.37 0z" fill="#111"> </path></g> </desc> is a great choice if you're looking for no-annual-fee card that earns a high rate of cash back on all purchases — and if you're a Bank of America Preferred Rewards customer, it has the potential to be even more lucrative. With a strong welcome bonus and introductory 0% APR offer, it's ideal for those who prefer a straightforward cash-back card. Bank of America® Unlimited Cash Rewards Credit Card Intro offer $200 online cash rewards bonus after making at least $1,000 in purchases in the first 90 days from account opening Rewards Earn unlimited 1.5% cash back on all purchases. Bank of America® Unlimited Cash Rewards Credit Card Intro offer $200 online cash rewards bonus after making at least $1,000 in purchases in the first 90 days from account opening Rewards Earn unlimited 1.5% cash back on all purchases. On Bank of America's website Bank of America® Unlimited Cash Rewards Credit CardOn Bank of America's website DetailsRewards Earn unlimited 1.5% cash back on all purchases. Intro offer $200 online cash rewards bonus after making at least $1,000 in purchases in the first 90 days from account opening Recommended Credit Good to Excellent Regular Annual Percentage Rate (APR) 16.99% - 26.99% Variable Intro Annual Percentage Rate (APR) 0% intro APR for your first 18 billing cycles for purchases, and for any balance transfers made within the first 60 days of opening your account Pros & ConsChevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.Check mark iconA check mark. It indicates a confirmation of your intended interaction. Decent welcome bonus Check mark iconA check mark. It indicates a confirmation of your intended interaction. Generous 0% APR offer on purchases and balance transfers Check mark iconA check mark. It indicates a confirmation of your intended interaction. You can earn up to 75% more rewards for your spending if you’re a Bank of America Preferred Rewards customer Dash iconA dash. It often indicates an interaction to shrink a section. 3% foreign transaction fee Dash iconA dash. It often indicates an interaction to shrink a section. Other cards offer better travel and purchase benefits HighlightsChevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.
Additional ReadingChevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.Review: Is the Bank of America Unlimited Cash Rewards the best credit card for you?Cash-back credit cards come in all flavors, from no-annual-fee cards that earn a flat rewards rate across all purchases to those that offer higher earnings in rotating or customized bonus categories. The Bank of America® Unlimited Cash Rewards Credit Card is one of the easiest cash-back cards to use, with a simple rewards structure, competitive welcome bonus offer, and generous intro APR. New cardholders start off with a $200 online cash rewards bonus after making at least $1,000 in purchases in the first 90 days from account opening. You'll earn 1.5% cash back on all purchases with no limits, and there's no annual fee. And if you're a Bank of America Preferred Rewards customer, you can earn 25% to 75% more cash back with the Bank of America® Unlimited Cash Rewards Credit Card, depending on your rewards tier. If you have large expenses coming up you can't pay off all at once, or you want to consolidate other credit card debt, the Bank of America® Unlimited Cash Rewards Credit Card can save you money on interest. You'll receive a 0% intro APR for your first 18 billing cycles for purchases, and for any balance transfers made within the first 60 days of opening your account, followed by a 16.99% - 26.99% Variable APR. That said, if you're looking for a credit card with travel and purchase protections or want a wide range of reward redemption options, the Bank of America® Unlimited Cash Rewards Credit Card is probably not your best choice. Instead, you might want to check out alternative no-annual-fee cards, like the Chase Freedom Unlimited®, which offers strong earning rates and more benefits. There are also a few cards that earn a higher rate of rewards across all purchases. For instance, the Wells Fargo Active Cash® Card earns 2% cash rewards on everything you buy and comes with a welcome bonus offer of a $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months from account opening. Compare our top picks for the best cash back credit cards
Chevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options. Chevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options. Best card for everyday spending Earn 5% cash back on Chase travel purchased through Ultimate Rewards®, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases. Best card for dining, groceries, and entertainment with no annual fee Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores. Earn 1% cash back on all other purchases. Best card for balance transfers Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. Best card for rotating cash-back categories Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, and gas stations up to the quarterly maximum when you activate. Earn unlimited 1% cash back on all other purchases automatically. Best card for rotating categories and flexible redemptions 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. 5% cash back on travel purchased through Chase Ultimate Rewards®. 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1% cash back on all other purchases. Best card for automatically customizing rewards Earn 5% cash back on purchases in your top eligible spend category each billing cycle, up to the first $500 spent, 1% cash back thereafter. Earn unlimited 1% cash back on all other purchases. Best card for choosing your own cash back categories Earn 5% cash back on your first $2,000 in combined eligible purchases each quarter on two categories you choose. Earn 5% cash back on prepaid air, hotel and car reservations booked directly in the Rewards Center. Earn 2% cash back on one everyday category, like Gas Stations/EV Charging Stations, Grocery Stores or Restaurants. Earn 1% cash back on all other eligible purchases. Best card for fair or average credit Earn unlimited 1.5% cash back on all purchase Best card for lower credit scores Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. Earn 1% unlimited cash back on all other purchases Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores. Earn 1% cash back on all other purchases. How to earn cash back from the Bank of America Unlimited Cash Rewards credit cardThe Bank of America® Unlimited Cash Rewards Credit Card earns 1.5% cash back on all purchases. There are no rewards caps or fussy bonus categories to keep track of. This card becomes a lot more compelling if you're a Bank of America Preferred Rewards customer. The amount you have on deposit with Bank of America or invested with Merrill (Bank of America's wealth management division) determines your membership tier, which in turn gives you a bonus on the rewards you earn. At the highest level, you could earn a whopping 2.625% cash back on all purchases, which is an excellent rate of return for a no-annual-fee credit card. How to use cash back from the Bank of America Unlimited Cash Rewards cardWith the Bank of America® Unlimited Cash Rewards Credit Card, you've only got a few redemption options:
There's no minimum amount for one-time redemptions as statement credits, deposits to BoA checking/savings accounts, or to qualifying Merrill Cash Management Accounts. However, deposits to 529 accounts, as well as automatic redemptions (available for checking/savings deposits or Cash Management Account deposits only) have a minimum $25 redemption amount. As long as your account is open and in good standing, your rewards won't expire. Bank of America Unlimited Cash Rewards benefits and featuresThe Bank of America® Unlimited Cash Rewards Credit Card doesn't have a ton of extra perks, but there are a few worth noting. Introductory 0% APRNew Bank of America® Unlimited Cash Rewards Credit Card cardholders receive a 0% intro APR for your first 18 billing cycles for purchases, and for any balance transfers made within the first 60 days of opening your account (then a 16.99% - 26.99% Variable APR). This is one of the longer introductory 0% APR credit card offers available right now, and could be a great tool if you're looking to transfer high-interest balances from other cards, or just have purchases coming up you want to pay off over several billing cycles. Using a 0% APR offer can give you some financial breathing room, but there's a risk involved. If you're not able to pay off your entire balance before the introductory period expires, you could wind up with more high-interest debt. Free FICO scorePrimary Bank of America® Unlimited Cash Rewards Credit Card cardholders can access their FICO score for free through Bank of America online banking, its mobile website, or its mobile banking app for iPhone and Android. Most credit cards now offer free credit scores, but if you don't already have a card with this feature it's a handy tool. Overdraft protectionBank of America offers an optional Balance Connect overdraft protection feature that allows you to link your eligible Bank of America deposit account to your Bank of America® Unlimited Cash Rewards Credit Card. When you opt into this service, Bank of America will automatically transfer funds from your credit card account to cover overdrafts on your deposit account, as long as you have credit available on your credit card. There are no overdraft fees for this service, but you'll be subject to interest on the cash advance. Mobile walletYou can add your Bank of America® Unlimited Cash Rewards Credit Card to digital wallets like Apple Pay, Google Pay, or Samsung Pay to use for in-person, online, or in-app transactions. Your actual card number isn't stored on your device or shared with most merchants, so this can be a more secure and convenient way to make purchases. $0 liability guaranteeIf your Bank of America® Unlimited Cash Rewards Credit Card is lost, stolen, or otherwise compromised, you won't be held liable for fraudulent or unauthorized transactions as long as you report the issue promptly. Bank of America® Unlimited Cash Rewards Credit Card Intro offer $200 online cash rewards bonus after making at least $1,000 in purchases in the first 90 days from account opening Rewards Earn unlimited 1.5% cash back on all purchases. Bank of America® Unlimited Cash Rewards Credit Card Intro offer $200 online cash rewards bonus after making at least $1,000 in purchases in the first 90 days from account opening Rewards Earn unlimited 1.5% cash back on all purchases. On Bank of America's website Bank of America® Unlimited Cash Rewards Credit CardOn Bank of America's website DetailsRewards Earn unlimited 1.5% cash back on all purchases. Intro offer $200 online cash rewards bonus after making at least $1,000 in purchases in the first 90 days from account opening Recommended Credit Good to Excellent Regular Annual Percentage Rate (APR) 16.99% - 26.99% Variable Intro Annual Percentage Rate (APR) 0% intro APR for your first 18 billing cycles for purchases, and for any balance transfers made within the first 60 days of opening your account Pros & ConsChevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.Check mark iconA check mark. It indicates a confirmation of your intended interaction. Decent welcome bonus Check mark iconA check mark. It indicates a confirmation of your intended interaction. Generous 0% APR offer on purchases and balance transfers Check mark iconA check mark. It indicates a confirmation of your intended interaction. You can earn up to 75% more rewards for your spending if you’re a Bank of America Preferred Rewards customer Dash iconA dash. It often indicates an interaction to shrink a section. 3% foreign transaction fee Dash iconA dash. It often indicates an interaction to shrink a section. Other cards offer better travel and purchase benefits HighlightsChevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.
Additional ReadingChevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.Fees and costsThe Bank of America® Unlimited Cash Rewards Credit Card has a $0 annual fee, but there are other fees to be aware of. It's not a good card to use if you're traveling abroad, because it adds foreign transaction fees of 3% on international purchases. As with most other credit cards, there are fees for late payments, balance transfers, and cash advances. Comparison: Bank of America Unlimited Cash Rewards vs other BoA cards*On the Bank of America® Customized Cash Rewards Credit Card, earn 3% and 2% cash back on up to the first $2,500 spent in these categories combined each quarter, then 1% cash back ***Eligible Bank of America® Customized Cash Rewards Credit Card 3% categories are gas, online shopping, dining, travel, drug stores, or home improvement/furnishings Bank of America Unlimited Cash Rewards vs other cash-back credit cardsBank of America Unlimited Cash Rewards credit card frequently asked questions (FAQ)The Bank of America® Unlimited Cash Rewards Credit Card is worth it if you're looking for a no-frills cash-back card with good bonus, earning rate, and intro APR offer. And if you're a Bank of America Preferred Rewards customer, it can be particularly valuable because you can earn up to 75% more rewards, depending on your rewards tier. However, if you're not part of Preferred Rewards and are looking to earn maximum cash back on all your purchases, there are other no-annual-fee cash-back cards that may be a better fit, like the Wells Fargo Active Cash® Card. To be approved for the Bank of America® Unlimited Cash Rewards Credit Card, you should have at least a good credit score — meaning a FICO score of 670 or higher, or a VantageScore of at least 700. If you're below that range, be sure to read our guides to the best credit cards for fair or average credit and for bad credit to find other good card options. And if you're a student, check out the Bank of America® Unlimited Cash Rewards Credit Card for Students <desc> <g id="asterisk" stroke="none" stroke-width="1" fill="none" fill-rule="evenodd"> <path d="M29.37 0a5 5 0 014.975 4.805l.004.216-.074 17.076 16.857-9.732a5 5 0 015.196 8.542l-.196.119-16.316 9.42 16.316 9.42a5 5 0 01-4.799 8.77l-.2-.11-16.929-9.774-.07 16.27a5 5 0 01-9.996.175l-.003-.217.065-15.519-15.7 9.065a5 5 0 01-5.195-8.542l.196-.119 16.315-9.42-16.315-9.42a5 5 0 014.8-8.77l.2.11 15.776 9.11.072-16.496A5 5 0 0129.37 0z" fill="#111"> </path></g> </desc> — it has most of the same features as the regular version of the card. </p> </div> </div> </div> <div class="collapsable-faq collapsable-faq-dropdown collapsable-faq-dropdown-last" data-parent-index="" data-component-type="collapsable-faq" data-root-margin="0px 0px 100% 0px"> <div class="collapsable-faq-dropdown_header"> <span class="collapsable-faq-dropdown_text headline-bold faq-question"> Is the Bank of America Unlimited Cash Rewards a Visa or Mastercard? </span> <span class="collapsable-faq-dropdown_chevron"> <svg class="svg-icon chevron-icon" data-chevron-icon="" role="img" xmlns="http://www.w3.org/2000/svg" width="1em" height="1em" viewbox="0 0 14.4 8.4" id="chevron-icon"> <title>Chevron icon <desc>It indicates an expandable section or menu, or sometimes previous / next navigation options.</desc> <path fill="none" stroke="#6D787A" stroke-linecap="square" d="M.7.7l6.5 7 6.5-7"> </path></p></div> <div data-component-type="post-author"> <a id="post-author_profile-link" href="https://www.businessinsider.com/author/jasmin-baron" target="_blank" data-analytics-product-module="author-bio"> </a> <div> <p><span>Jasmin Baron is an editor at Insider, responsible for credit card coverage on Personal Finance Insider. She is also a Certified Educator in Personal Finance (CEPF).Before joining the Insider team, she was a senior editor at The Points Guy and Million Mile Secrets, covering credit cards, points and miles, and loyalty programs. Her expertise in maximizing travel rewards grew from over two decades of experience in the aviation industry, including 18 years working as a pilot and flight instructor in her native Canada.You can reach Jasmin at <a target="_blank" href="mailto:"></a>.</span> <span><a target="_blank" href="https://www.businessinsider.com/personal-finance/personal-finance-editorial-standards">Learn more about how Personal Finance Insider chooses, rates, and covers financial products and services »</a></span> </p> <p><label for="expanded0" role="button">Read more</label> <label for="expanded0" role="button">Read less</label> </p></div> </div> <P> <h3>Top Offers From Our Partners</h3> </P> </div> </div> <div> <p><em>Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. <a target="_blank" href="https://www.businessinsider.com/personal-finance/personal-finance-editorial-standards">Read our editorial standards</a>.</em></p><p><em>Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available.</em></p><p><em>**Enrollment required.</em></p> </div> </div> <div data-analytics-product-module="multi-recirc" data-component-type="eop-recirc"> <h2>Related articles</h2> </div></div> </div> <section> <section data-acq-source="personalfinanceverticalinline" data-list="Personal Finance" data-event-label="personal_finance" data-component-type="inline-newsletter-module" id="formContainer"> <P><svg version="1.1" xmlns="http://www.w3.org/2000/svg" role="img" width="50" height="50" viewbox="0 0 50 50" style="enable-background:new 0 0 50 50" xml:space="preserve"> <title>Loading <desc>Something is loading.</desc> <path fill="#111" d="M43.935,25.145c0-10.318-8.364-18.683-18.683-18.683c-10.318,0-18.683,8.365-18.683,18.683h4.068c0-8.071,6.543-14.615,14.615-14.615c8.072,0,14.615,6.543,14.615,14.615H43.935z"> <animatetransform attributetype="xml" attributename="transform" type="rotate" from="0 25 25" to="360 25 25" dur="0.6s" repeatcount="indefinite"> </animatetransform></path> </p> <div> <p>Thanks for signing up!</p> <p> Access your favorite topics in a personalized feed while you're on the go. </p> </div> </div></div></div></div></div></div></article></div></section> </section> <section data-track-event-label="category" data-e2e-name="category-wrapper" data-track-page-area="Post Bottom" data-post-bottom=""> <a target="_blank" href="https://www.businessinsider.com/category/personal-finance-insider" data-e2e-name="category-link">Personal Finance Insider</a> <a target="_blank" href="https://www.businessinsider.com/category/credit-cards" data-e2e-name="category-link">Credit Cards</a> <a target="_blank" href="https://www.businessinsider.com/category/credit-card-review" data-e2e-name="category-link">Credit card review</a> <p> More... </p> </section> </div> How do I redeem my Bank of America 200 cash rewards?To check your credit card rewards balance and cash in or redeem your rewards points online, log in to Online Banking and select your credit card then select the Rewards tab. To redeem your credit card rewards by phone, call 800.434.
How do I get my Bank of America Cash Rewards?You can qualify when you have both a Bank of America® personal checking account and a three-month combined average balance of $20,000 or more in a Bank of America® checking or savings account or an eligible Merrill account, according to Bank of America®'s website.
How long does it take to redeem cash rewards from Bank of America?Earned cash back will be credited into an eligible consumer deposit or credit account within 30 days following redemption.
How do you receive cash back rewards?You generally can get cash back from your credit card by making eligible purchases and then requesting your rewards as a statement credit, check or transfer to an eligible bank account. Depending on your card and the rewards program, you may also be able to set up automatic redemptions.
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How do i get my $200 cash rewards from bank of america
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