Bank of America Unlimited Cash Rewards credit card
The Bank of America Unlimited Cash Rewards credit card has no annual fee and earns 1.5% cash back on all purchases, with no categories to track and no cap 21. Bank of America lists the $0 Liability Guarantee and FICO Score access for the card 25.
Contents9 sections
At a glance
| Annual fee | $02 |
|---|---|
| Foreign transaction fee | 3%2 |
| Rewards | Earns unlimited 1.5% cash back on all purchases. |
| Rewards program | Bank of America Unlimited Cash Rewards |
| Network | Visa |
| Issuer | Bank of America · Official card page |
What to know about the Unlimited Cash Rewards
Every net purchase earns the same 1.5%, so there is no category to choose and nothing to activate 2. Returns and credits are subtracted from purchases, and balance transfers, cash advances, fees, interest charges and fraudulent transactions earn nothing 2.
Rewards can be redeemed as a statement credit, a deposit to an eligible Bank of America checking or savings account, credit to a Merrill Cash Management Account or 529 account, or toward purchases at Amazon.com or through PayPal 2. One-time statement credits and deposits have no minimum, while 529 contributions and automatic deposits require at least $25 2. Rewards stay available while the account remains open with active charging privileges; if the account is closed by the owner or for inactivity, rewards must be redeemed within 90 days, and closure for any other reason forfeits them at once 2.
Bank of America's relationship program, BofA Rewards, replaced Preferred Rewards on or about May 26, 2026 7. Enrolled members holding eligible cards get a bonus of 10% (Member), 25% (Preferred Plus), 50% (Preferred Honors) or 75% (Premier), applied after the card's base cash rewards are calculated 3. Membership needs an eligible Bank of America checking account, and the tiers depend on combined deposit and Merrill investment balances of no minimum, $30,000, $100,000 or $1,000,000 4.
Purchases made in a foreign currency carry a 3% fee 2. Beyond fraud protection and the FICO Score, the terms say only that benefit details accompany new account materials 2.
Earning rewards
| Rate | On |
|---|---|
| 1.5% cash back | All purchases2 |
Cash rewards redeem for statement credits, deposits into eligible Bank of America checking/savings, Merrill Cash Management or 529 accounts, or Amazon.com / PayPal purchases. One-time statement credits and deposits have no minimum; 529 contributions and automatic deposits have a $25 minimum. Rewards do not expire while the account remains open with active charging privileges.2
Account features
| Zero fraud liability | $0 Liability Guarantee for unauthorized transactions; claims must be reported promptly and may be subject to dollar limits and verification.2 |
|---|---|
| Free credit score | FICO Score available through Online Banking and the Mobile Banking app for primary cardholders of open, active consumer credit card accounts (educational purposes).5 |
Other perks
| BofA Rewards credit card rewards bonus | BofA Rewards members (requires an eligible Bank of America checking account) receive a credit card rewards bonus of 10% (Member tier, no minimum balance), 25% (Preferred Plus, $30,000), 50% (Preferred Honors, $100,000) or 75% (Premier, $1,000,000) based on combined average balances in qualifying deposit and Merrill investment accounts. For cash rewards cards the bonus is applied after all base and bonus cash rewards are calculated; it does not apply to account opening bonuses or certain program bonus earn. Program Rules govern; BofA Rewards publishes a list of ineligible cards.3 |
|---|---|
| Preferred Rewards became BofA Rewards | On or about May 26, 2026, Bank of America Preferred Rewards became BofA Rewards; enrolled Preferred Rewards members were moved to the new program automatically. Enrollment in BofA Rewards opened May 27, 2026.7 |
| BofA Rewards tier balance requirements | Member: no minimum; Preferred Plus: $30,000; Preferred Honors: $100,000; Premier: $1,000,000 combined average balance.4 |
| Card promoted for BofA Rewards | The product page promotes the BofA Rewards rewards bonus for this card.1 |
Other versions of this card
Bank of America also offers the Bank of America Unlimited Cash Rewards credit card for Students and the Bank of America Unlimited Cash Rewards Secured credit card. They earn rewards on the same terms as the card above; these are the differences Bank of America lists.
Bank of America Unlimited Cash Rewards credit card for Students
| Annual fee | $09 |
|---|---|
| Foreign transaction fee | 3%9 |
| What differs | Bank of America offers this version as a credit card for students 8. Its terms match the main card: no annual fee, unlimited 1.5% cash back on all purchases, and a 3% foreign transaction fee 9. |
Bank of America Unlimited Cash Rewards Secured credit card
| Annual fee | $011 |
|---|---|
| Foreign transaction fee | 3%11 |
| What differs | This secured version earns the same unlimited 1.5% cash back with no annual fee, but needs a security deposit of $200 to $5,000, and the deposit, income and ability to pay set the credit limit 1110. Bank of America periodically reviews your credit history to decide whether to return the deposit while you keep the card, and the account may be considered for automatic upgrade at the bank's discretion 11. Paying in full and closing the account also returns the deposit, which can take up to two billing cycles plus ten days 11. |
| Credit line reviews | The bank periodically reviews overall credit history to decide whether to return the security deposit while you keep using the card (not all customers qualify), and the account may periodically be considered for automatic upgrade at the bank's discretion. Paying in full and closing the account also returns the deposit, which can take up to two billing cycles plus ten days.11 |
| Security deposit | Minimum security deposit of $200, maximum $5,000; credit limit determined by the deposit, income and ability to pay.10 |
Not listed for this card
The Bank of America pages and benefit terms we checked for the Unlimited Cash Rewards do not list these benefits:
- Rental car coverage
- Trip cancellation and interruption
- Trip delay
- Baggage delay
- Lost or damaged luggage
- Travel accident insurance
- Emergency evacuation and medical
- Travel and emergency assistance
- Roadside assistance
- Cell phone protection
- Purchase protection
- Extended warranty
- Return protection
- Airport lounge access
- Global Entry or TSA PreCheck credit
- Hotel benefits program
Some benefits come from the card network rather than the bank and are not always advertised. Your own Guide to Benefits, or the number on the back of the card, is the final word on what your account covers.
Sources
- 1 Bank of America, Bank of America Unlimited Cash Rewards credit card Checked Oct 10, 2026 · Back to text ↑
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- 4 Bank of America, BofA Rewards - Personalized Banking Benefits & Rewards Checked Oct 10, 2026 · Back to text ↑
- 5 Bank of America, Credit Card Account Information FAQ from Bank of America Checked Oct 10, 2026 · Back to text ↑
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- 7
- 8 Bank of America, Bank of America Unlimited Cash Rewards credit card for Students Checked Oct 10, 2026 · Back to text ↑
- 9
- 10 Bank of America, Bank of America Unlimited Cash Rewards Secured credit card Checked Oct 10, 2026 · Back to text ↑
- 11
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