Bank of America® Unlimited Cash Rewards Credit Card Review
Overview
The Bank of America® Unlimited Cash Rewards Credit Card is a cash back card from Bank of America, running on the Visa network. The Bank of America® Unlimited Cash Rewards Credit Card keeps things simple, earning a flat 1.5x on every purchase with no categories to track or quarterly activations. There is no annual fee, which means every dollar of rewards is pure profit. New cardholders can earn $200 online cash rewards bonus after $1,000 in 90 days.
It is built for simplicity. There are no categories to track, no quarterly activations, and no annual fee, which makes it one of the easier cards to set and forget while still earning a respectable flat rate.
Think twice if: you want richer bonus categories or a transferable-points setup for premium travel redemptions.
Our 3.5 out of 5 rating
Each score weighs the rewards rate, value after the annual fee, welcome offer, points flexibility, and perks, with every point valued at a flat 1 cent. This is our editorial assessment to help you compare cards, not a guarantee of approval or of the value you will get.
Rewards: how it earns
The Bank of America® Unlimited Cash Rewards Credit Card earns a flat 1.5x on every purchase. On a typical $29,160 of annual average household spending that comes to about $437 back a year, with nothing to track or activate.
| Category | Rate | Notes |
|---|---|---|
| Dining and restaurants | 1.5x | Base rate |
| Groceries | 1.5x | Base rate |
| Gas | 1.5x | Base rate |
| Travel | 1.5x | Base rate |
| Streaming | 1.5x | Base rate |
| Everything else | 1.5x | Everything else |
The fine print on rates: The 2% rate applies only during the first year, then the card earns 1.5%. The Preferred Rewards boost requires a qualifying Bank of America banking or investment relationship.
Every point and mile above is valued at a flat 1 cent, the same honest standard we use for every card. Run your own spending through the calculator to see what this card would actually return for you.
Pros and cons
- No annual fee
- Welcome offer worth about $200
- Plain rewards with no standout bonus categories
The welcome bonus
The current welcome offer is $200 online cash rewards bonus, earned after you spend $1,000 in 90 days. Valued honestly at a flat 1 cent per point, that is worth about $200. Stacking the welcome offer on top of a typical year of rewards and accounting for no annual fee, the first year is worth roughly $637.
Is the annual fee worth it?
The Bank of America® Unlimited Cash Rewards Credit Card has no annual fee, so there is no break-even math to worry about. Every dollar of rewards is profit, and you can keep it open for free, which also helps the average age of your credit over time.
Benefits and protections
Beyond the rewards, the perks and protections worth knowing about include:
- Earns 2% cash back on all purchases for the first year from account opening, then 1.5%
- Preferred Rewards members earn 25% to 75% more cash back, up to 2.62% effective
Statement credits
This card does not come with recurring statement credits. Its value is in the rewards rate and welcome offer.
Who should get it, and who should skip it
It is best for people who want a dependable everyday rewards card from a major issuer.
Skip it if you want richer bonus categories or a transferable-points setup for premium travel redemptions.
Frequently asked questions
Best-card guides featuring this card
Offer details verified against issuer sources as of July 2026. Editorial opinions are our own. Cardocrat values all points at a flat 1 cent and never inflates redemptions.
