Bank of America® Unlimited Cash Rewards is an unlimited 1.5% cash back credit card. While there are many cards on the market that earns a 1.5% (or better) return, this card shines in two spots.
First off, it can be paired with the Bank of America® Customized Cash Rewards to ensure that you never earn less than 1.5% back on any purchase.
Second, if you're a Preferred Rewards member, you can earn up to a 75% bonus which means you could earn up to 2.62% cash back on all purchases ran through the card which is outstanding for a card with no annual fee.
Overall, the Bank of America Unlimited Cash Rewards Card is a solid option if you already bank with Bank of America and/or you have the money to invest to become a Preferred Rewards member.
|Authorized User Fee|
|Foreign Transaction Fee|
Intro Bonus: -
Rewards Rate Details
The Bank of America Unlimited Cash Rewards card does not have any bonus categories. It earns cash back at a flat rate of 1.5% across all purchases with no cap on how much you can earn.
- 1.5% All Purchases
Perks & Benefits
The Bank of America® Unlimited Cash Rewards card rewards you for having a relationship with Bank of America and their partners.
- Bank of America Preferred Rewards Client
- Earn a 25% to 75% bonus based on your 3-month average in combined balances between your Bank of America banking and/or Merrill Edge® and Merrill Lynch® investing and trading accounts.
- Bonus is based off of the earning rates, so a 75% boost to a 1.5% category would knock it up to 2.62% cash back.
|None||Checking/Savings Account||10% Bonus|
|Gold||$20k to <$50k||25% Bonus|
|Platinum||$50k to <$100k||50% Bonus|
|Platinum Honors||$100k+||75% Bonus|
You can use the rewards calculator to calculate how many points, miles, or cash back you can earn based on your spend per category. This calculator will also give you the dollar value of the card based on the value of the rewards earned and how much each benefit is worth to you, minus the annual fees. You can click the Compare A Card button to compare this card side by side any other card featured on the site within the same calculator.
All category spend entered in the primary card's column (first column when comparing cards) will carry over to all credit card calculators on the site. This means you will not have to re-enter the same information again and again when browsing during the session.