Unlimited Cash Rewards Credit Card: Complete Guide
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If you’re looking for a straightforward credit card that offers cash back without any hassle, the Bank of America Unlimited Cash Rewards Credit Card might just be the card for you. This card stands out with its simple and generous cash-back structure, making it an excellent choice for anyone looking to earn rewards on everyday purchases. Whether you’re paying for groceries, dining out, or even filling up your gas tank, this card ensures that you get rewarded for every purchase.
Additionally, the card has a lot to offer beyond just its rewards program. For instance, it doesn’t charge any annual fees and provides a great introductory offer, making it an even more appealing option. In this article, we’ll explore all the exciting benefits of the Bank of America Unlimited Cash Rewards Credit Card. We’ll walk you through the application process, so you can get started and begin maximizing your rewards right away.
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Reasons to Choose the Bank of America Unlimited Cash Card
The Bank of America Unlimited Cash Rewards Credit Card offers a range of features that make it stand out from other cash-back credit cards. If you are thinking about applying for this card, here’s why it should be at the top of your list:
Generous Cash Back Rewards
To begin with, this card allows you to earn 2% cash back on all purchases for the first year. This is a great way to maximize your rewards without the need to track rotating categories or spend in specific categories. After the first year, you’ll continue earning 1.5% cash back on all purchases, which remains an excellent rate for everyday spending.
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Additionally, this means you can simply use the card for anything—whether it’s dining out, shopping for essentials, or even booking travel—and you’ll earn cash back with every purchase. It’s perfect for those who want a reliable, no-fuss way of earning rewards.
Sign-Up Bonus
Another compelling feature is the $200 online cash rewards bonus. This bonus is awarded once you make purchases totaling $1,000 within the first 90 days of opening your account. This is a fantastic perk for new cardholders, giving you extra cash right from the start. You can use this bonus however you like, from reducing your balance to using it for your next shopping spree.
Introductory APR Offer
Additionally, the Bank of America Unlimited Cash Rewards Credit Card offers a 0% introductory APR for the first 15 billing cycles on purchases and balance transfers. This makes it a great option for individuals who want to make larger purchases or transfer balances from higher-interest cards. Once the introductory period ends, the card will apply a variable APR of 18.24% – 28.24%, depending on your creditworthiness.
No Annual Fee
One of the best things about this financial option is that it comes with no annual fee. You get all the rewards, perks, and benefits without having to worry about paying a fee just for owning the card. This makes it a cost-effective option for anyone looking to earn rewards with no extra cost for an annual fee.
Key Benefits of the Bank of America Unlimited Cash Rewards Credit Card
Let’s take a closer look at some of the other features that make this credit card so attractive:
2% Cash Back on All Purchases (First Year)
For the first year, cardholders can earn 2% cash back on every purchase. This allows you to maximize your rewards, especially for everyday expenses. Whether you’re shopping for groceries, dining out, or buying gas, you’ll get rewarded for each purchase.
After the first year, the card still offers 1.5% cash back on all purchases, which is still a solid rate for everyday spending.
$200 Bonus Offer with Unlimited Cash Rewards Credit Card
New cardholders can earn a $200 cash rewards bonus after spending $1,000 within the first 90 days of account opening. This is an excellent way to get a head start on your rewards journey. The bonus is easy to earn, and you can use it to pay down your balance or treat yourself to something special.
No Foreign Transaction Fees
For those who frequently travel abroad, the Bank of America Unlimited Cash Rewards Credit Card has no foreign transaction fees. This is a great feature for international travelers, as it allows you to use your card without incurring additional charges when you make purchases in foreign currencies.
Flexible Redemption Options
One of the most convenient features of this Bank of America’s Card is the flexibility of redemption. You can redeem your rewards for statement credits, direct deposits into your Bank of America checking or savings account, or even use your rewards to shop online via PayPal or Amazon.
Access to Additional Benefits with Unlimited Cash Rewards Credit Card
The card also comes with zero liability protection for unauthorized purchases and mobile payment compatibility with Apple Pay™, Google Pay™, and Samsung Pay™. These benefits make it even easier to use your card securely while protecting you from fraud.
