Bank of America Unlimited Cash Rewards
No fee
Bank of America
Bank of America Unlimited Cash Rewards
4.3
(2,345 reviews)cashback
Reviewed by CardCompare Editorial Board
|CFP-reviewed|Updated April 2026A straightforward flat-rate cashback card that becomes exceptional for Bank of America Preferred Rewards members. The standard 1.5% everywhere jumps to 2.625% for Platinum Honors members — making it one of the highest flat-rate cashback cards in existence.
Annual Fee
No annual fee
Purchase APR
19.49% – 29.49%
Rewards
1.5% base rate
Sign-Up Bonus
$200 value
Credit Score
Good (670-749)
Foreign Txn Fee
3%
Who Should Get This Card
The Bank of America Unlimited Cash Rewards is best suited for established credit users who bank of america customers who want simple, enhanced cashback. With no annual fee, there's zero cost to keep it in your wallet long-term.
This card is great if you…
- No annual fee
- Simple 1.5% on everything
- Up to 2.625% with Preferred Rewards
- Bank of America customers who want simple, enhanced cashback
Consider another card if you…
- 3% foreign transaction fee
- Base 1.5% is average
- Best value requires BofA relationship
Fees & APR
| Annual Fee | No annual fee |
| Purchase APR | 19.49% – 29.49% |
| Intro APR (Purchases) | 0% for 15 months |
| Intro APR (Balance Transfer) | 0% for 15 months |
| Balance Transfer Fee | 3% |
| Foreign Transaction Fee | 3% |
| Late Fee | Up to $40 |
Pros & Cons
No annual fee
Simple 1.5% on everything
Up to 2.625% with Preferred Rewards
Intro APR offer
3% foreign transaction fee
Base 1.5% is average
Best value requires BofA relationship
The Bottom Line
The Good: The Bank of America Unlimited Cash Rewards stands out for its no annual fee. The welcome bonus worth $200 adds significant first-year value.
The Not So Good: 3% foreign transaction fee.
Our Verdict: The Bank of America Unlimited Cash Rewards scores 7/10 — a solid option for bank of america customers who want simple, enhanced cashback. With no annual fee, there's no risk in trying it.
Frequently Asked Questions
What is the annual fee for the Bank of America Unlimited Cash Rewards?▾
The Bank of America Unlimited Cash Rewards has no annual fee — you'll never be charged just for keeping the card open.
What is the sign-up bonus for the Bank of America Unlimited Cash Rewards?▾
The Bank of America Unlimited Cash Rewards currently offers a sign-up bonus worth approximately $200. $200 online cash rewards bonus after spending $1,000 in 90 days Terms apply — always verify the current offer directly with the issuer.
How do the rewards work on the Bank of America Unlimited Cash Rewards?▾
The Bank of America Unlimited Cash Rewards earns 1.5% on all purchases. Rewards are earned as cash back credited to your statement.
What credit score do I need for the Bank of America Unlimited Cash Rewards?▾
The Bank of America Unlimited Cash Rewards is recommended for applicants with good (670-749) credit. Approval is not guaranteed and depends on your full credit profile.
Does the Bank of America Unlimited Cash Rewards charge a foreign transaction fee?▾
Yes, the Bank of America Unlimited Cash Rewards charges a 3% foreign transaction fee on purchases processed outside the U.S.
What is the APR on the Bank of America Unlimited Cash Rewards?▾
The Bank of America Unlimited Cash Rewards has a variable purchase APR of 19.49% – 29.49%, with a 0% intro APR for the first 15 months. If you carry a balance, interest charges can quickly outweigh any rewards earned.
Who is the Bank of America Unlimited Cash Rewards best for?▾
The Bank of America Unlimited Cash Rewards is best for Bank of America customers who want simple, enhanced cashback. A key advantage: no annual fee.
Customer Reviews
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2,345 reviews
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