{"id":90785,"date":"2025-06-04T18:05:50","date_gmt":"2025-06-04T18:05:50","guid":{"rendered":"https:\/\/awardwallet.com\/blog\/?p=90785"},"modified":"2026-04-08T14:16:57","modified_gmt":"2026-04-08T14:16:57","slug":"bank-of-america-unlimited-cash-rewards","status":"publish","type":"post","link":"https:\/\/awardwallet.com\/credit-cards\/cash-back\/bank-of-america-unlimited-cash-rewards\/","title":{"rendered":"Bank of America Unlimited Cash Card Review: 2% Cash Back for First Year, No Annual Fee"},"content":{"rendered":"<p>The <a data-ccid=\"4048258\" href=\"\/blog\/link\/CR-BankOfAmericaUnlimitedCashRewardsCreditCard\" rel=\"noopener nofollow sponsored\">Bank of America<sup>\u00ae<\/sup> Unlimited Cash Rewards credit card<\/a> is a strong contender if you're looking for a no-annual-fee cash-back credit card. It offers a straightforward earning rate of 2% cash back for the first year, then 1.5% on all purchases after the first year\u2014 a competitive return compared to other no-annual-fee cards.<\/p>\n<p>What's more, the card isn't limited to just earning cash-back rewards, as it comes with several other helpful features. And if you already have \u2014 or are open to moving \u2014 your banking or investment accounts to Bank of America or Merrill, you could increase your earnings significantly. Enrolling in the Preferred Rewards program allows you to <a target=\"_blank\" href=\"\/credit-cards\/bank-of-america\/maximize-unlimited-cash-card-preferred-rewards\/\" rel=\"noopener\">earn up to 2.625% cash back on every purchase<\/a> &#8212; and even more in the first year.<\/p>\n<p>Here's a closer look at what the Bank of America Unlimited Cash Card has to offer.<\/p>\n<p><div class=\"qs-card\" data-id=\"4048258\">\n            <div class=\"qs-data\">\n                <div class=\"qs-view\">\n                    <div class=\"qs-cardname\">Bank of America<sup>\u00ae<\/sup> Unlimited Cash Rewards credit card<\/div>\n                    <div class=\"qs-image\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" data-src=\"https:\/\/cdn.nextinsure.com\/imaging\/opt\/6bd9a59e-9e8c-4b7b-8d6a-3382a4e43347.png\" width=\"150\" alt=\"Bank of America\u00ae Unlimited Cash Rewards credit card\" \/ class=\"lazyload\"><\/div>\n                    <div class=\"qs-apply\"><\/div>\n                    <div class=\"qs-rates\"><\/div>\n                    <div class=\"qs-offer\"><strong>Welcome Bonus<\/strong>\r\n$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.<\/div>\n                <\/div>\n                <div class=\"qs-info\">\n                    <strong class=\"qs-cardname\">Bank of America<sup>\u00ae<\/sup> Unlimited Cash Rewards credit card<\/strong>\n                    <div class=\"qs-offer\"><strong>Welcome Bonus<\/strong>\r\n$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.<\/div>\n                    <div class=\"qs-fee\"><strong>Annual Fee:<\/strong><b>$0<\/b><\/div>\n                    <div class=\"qs-tabs\"><a class=\"qs-more\" href=\"#more\">Show more<\/a><a href=\"\" data-tab=\"wwl\">Why We Like It<\/a><a href=\"\" data-tab=\"er\">Earning Rates<\/a><div class=\"qs-tab-wwl\">The Bank of America<sup>\u00ae<\/sup> Unlimited Cash Rewards credit card offers a simple and straightforward rewards setup, ideal if you prefer uncomplicated cash back earnings. With no annual fee, the card provides 2% cash back on purchases for the first year from account opening, then a flat rate of 1.5% cash back on all purchases. For Bank of America Preferred Rewards members, the cash back rate can increase significantly, up to 2.62% as an ongoing earning rate, depending on the account balance tier\u200b. <a href=\"https:\/\/awardwallet.com\/credit-cards\/bank-of-america\/preferred-rewards-guide\/\">Learn more about Preferred Rewards<\/a><\/div><div class=\"qs-tab-er\"><ul>\r\n<li>Earn 2% cash back on purchases for the first year from account opening<\/li>\r\n<li>Earn unlimited 1.5% cash back on all purchases after year one<\/li>\r\n<\/ul><\/div><\/div>\n                <\/div>\n            <\/div>\n            <a class=\"qs-share\" href=\"\/find-a-card\/BOAUnlimited\/\" title=\"copy\"><svg width=\"12\" height=\"16\" viewBox=\"0 0 12 16\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"https:\/\/awardwallet.com\/blog\/wp-content\/themes\/awardwallet\/public\/builds\/icon\/icon-sprite.svg?v2026-5-140f3652aa#share-square\" fill=\"currentColor\"><\/use><\/svg><\/a>\n        <\/div><\/p>\n<div id=\"toc_container\" class=\"toc_light_blue no_bullets\"><p class=\"toc_title\">Page Contents<\/p><ul class=\"toc_list\"><li><a href=\"#Bank_of_America_Unlimited_Cash_Card_Pros\">Bank of America Unlimited Cash Card Pros<\/a><\/li><li><a href=\"#Bank_of_America_Unlimited_Cash_Card_Cons\">Bank of America Unlimited Cash Card Cons<\/a><\/li><li><a href=\"#Bank_of_America_Unlimited_Cash_Card_Welcome_Bonus\">Bank of America Unlimited Cash Card Welcome Bonus<\/a><\/li><li><a href=\"#Bank_of_America_Unlimited_Cash_CardBenefits\">Bank of America Unlimited Cash Card\u00a0Benefits<\/a><ul><li><a href=\"#Low_introductory_APR_offer\">Low introductory APR offer<\/a><\/li><li><a href=\"#0_annual_fee\">$0 annual fee<\/a><\/li><\/ul><\/li><li><a href=\"#Bank_of_America_Unlimited_Cash_Card_Earning_Rates\">Bank of America Unlimited Cash Card Earning Rates<\/a><ul><li><a href=\"#Boost_your_earnings_with_Bank_of_America_Preferred_Rewards\">Boost your earnings with Bank of America Preferred Rewards<\/a><\/li><\/ul><\/li><li><a href=\"#Redeeming_Cash_Back_With_the_Bank_of_America_Unlimited_Cash_Card\">Redeeming Cash Back With the Bank of America Unlimited Cash Card<\/a><\/li><li><a href=\"#Application_Restrictions_and_Strategy\">Application Restrictions and Strategy<\/a><\/li><li><a href=\"#Cards_That_Compete_With_the_Bank_of_America_Unlimited_Cash_Card\">Cards That Compete With the Bank of America Unlimited Cash Card<\/a><\/li><li><a href=\"#Bottom_Line\">Bottom Line<\/a><\/li><\/ul><\/div>\n\n<h2><span id=\"Bank_of_America_Unlimited_Cash_Card_Pros\"><strong>Bank of America Unlimited Cash Card <\/strong>Pros<\/span><\/h2>\n<ul>\n<li>Earn 2% cash back on purchases for the first year from account opening, with no limit to the amount of cash back you can earn. Thereafter, you\u2019ll earn unlimited 1.5% on all purchases, with no expiration on rewards as long as your account remains open.<\/li>\n<li>Participation in the Preferred Rewards program means you can earn up to 3.5% cash back on every purchase for the first year, then 2.625% every year thereafter.<\/li>\n<li>$0 annual fee.<\/li>\n<\/ul>\n<h2><span id=\"Bank_of_America_Unlimited_Cash_Card_Cons\"><strong>Bank of America Unlimited Cash Card <\/strong>Cons<\/span><\/h2>\n<ul>\n<li>Increased earning rates only work in conjunction with Bank of America and Merrill Lynch accounts.<\/li>\n<li>No additional categories for bonus earnings.<\/li>\n<li>Does not offer travel rewards points \u2014 only cash back.<\/li>\n<\/ul>\n<figure id=\"attachment_204622\" class=\"wp-caption aligncenter\"><img data-aspectratio=\"600\/555\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" class=\"wp-image-204622 lazyload\" data-src=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2025\/04\/woman-sitting-on-pink-bed-with-her-laptop-and-pphone.jpg\" alt=\"A woman is sitting on her bed with a laptop, credit card and her phone\" width=\"600\" height=\"555\" data-srcset=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2025\/04\/woman-sitting-on-pink-bed-with-her-laptop-and-pphone.jpg 750w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2025\/04\/woman-sitting-on-pink-bed-with-her-laptop-and-pphone-300x278.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><center><em>Photo credit: Avelino Calvar Martinez\/Burst<\/em><\/enter><\/figure>\n<h2><span id=\"Bank_of_America_Unlimited_Cash_Card_Welcome_Bonus\">Bank of America Unlimited Cash Card Welcome Bonus<\/span><\/h2>\n<p>Upon approval for the <a data-ccid=\"4048258\" href=\"\/blog\/link\/CR-BankOfAmericaUnlimitedCashRewardsCreditCard\" rel=\"noopener nofollow sponsored\">Bank of America Unlimited Cash Card<\/a>, you can earn a $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening, plus 2% cash back on purchases for the first year from account opening.<\/p>\n<p>Better yet, you'll also earn 2% cash back on the spending required to earn the welcome bonus, increasing your rewards.<\/p>\n<p>While you can find better sign-up bonuses through <a target=\"_blank\" href=\"\/credit-cards\/best-credit-card-offers\/\" rel=\"noopener\">top rewards card offers<\/a>, $200 online cash rewards bonus is a solid bonus for a $0-annual-fee card. Even better, the 2% earnings for the first year make this a great <a target=\"_blank\" href=\"\/credit-cards\/best-everyday-credit-card\/\" rel=\"noopener\">everyday spending card<\/a>.<\/p>\n<p><strong>Related: <a target=\"_blank\" href=\"\/credit-cards\/best-low-fee-rewards-cards\/\" rel=\"noopener\">The Best Credit Cards With Annual Fees Under $100<\/a><\/strong><\/p>\n<h2><span id=\"Bank_of_America_Unlimited_Cash_CardBenefits\"><strong>Bank of America Unlimited Cash Card<\/strong><strong>\u00a0<\/strong>Benefits<\/span><\/h2>\n<p>Outside of being a <a target=\"_blank\" href=\"https:\/\/usa.visa.com\/pay-with-visa\/cards\/visa-credit-cards\/visa-signature-credit-cards.html\" rel=\"noopener\">Visa Signature<\/a>-branded card, the <a data-ccid=\"4048258\" href=\"\/blog\/link\/CR-BankOfAmericaUnlimitedCashRewardsCreditCard\" rel=\"noopener nofollow sponsored\">Bank of America Unlimited Cash Card<\/a> doesn\u2019t offer much in the way of benefits. However, two perks (one introductory and one long-term) stand out.<\/p>\n<h3><span id=\"Low_introductory_APR_offer\">Low introductory APR offer<\/span><\/h3>\n<p>The <a data-ccid=\"4048258\" href=\"\/blog\/link\/CR-BankOfAmericaUnlimitedCashRewardsCreditCard\" rel=\"noopener nofollow sponsored\">Bank of America Unlimited Cash Card<\/a> features a 0% Intro APR for 15 billing cycles for purchases. Plus, you'll get a 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days. Once the promo period ends, a Variable APR on purchases and balance transfers of 18.24% - 28.24% will apply.<\/p>\n<p>This can be a helpful option if you need short-term financing for larger purchases or want to consolidate existing debt without immediately incurring interest. Just keep in mind that there\u2019s a balance transfer fee 3% for 60 days from account opening, then 4%.<\/p>\n<p><strong>Related: <a target=\"_blank\" href=\"\/credit-cards\/best-balance-transfer-cards\/\" rel=\"noopener\">The Best 0% APR Intro Balance Transfer Offers With No Annual Fee<\/a><\/strong><\/p>\n<h3><span id=\"0_annual_fee\">$0 annual fee<\/span><\/h3>\n<p>The <a data-ccid=\"4048258\" href=\"\/blog\/link\/CR-BankOfAmericaUnlimitedCashRewardsCreditCard\" rel=\"noopener nofollow sponsored\">Bank of America Unlimited Cash Card<\/a> charges a $0 annual fee. This adds to the card's overall appeal. Without an annual fee, every dollar in cash back goes straight into your pocket.<\/p>\n<figure id=\"attachment_204624\" class=\"wp-caption aligncenter\"><img data-aspectratio=\"600\/400\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" class=\"size-full wp-image-204624 lazyload\" data-src=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2025\/04\/here-you-go.jpg\" alt=\"A photo of a woman buying a package of coffee at a shop.\" width=\"600\" height=\"400\" data-srcset=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2025\/04\/here-you-go.jpg 600w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2025\/04\/here-you-go-300x200.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><center><em>Credit: Sarah Pflug\/Burst<\/em><\/enter><\/figure>\n<h2><span id=\"Bank_of_America_Unlimited_Cash_Card_Earning_Rates\">Bank of America Unlimited Cash Card Earning Rates<\/span><\/h2>\n<p>Earn 2% cash back on purchases for the first year from account opening, with no limit to the amount of cash back you can earn. Thereafter, you\u2019ll earn unlimited 1.5% on all purchases, with no expiration on rewards as long as your account remains open. when using the <a data-ccid=\"4048258\" href=\"\/blog\/link\/CR-BankOfAmericaUnlimitedCashRewardsCreditCard\" rel=\"noopener nofollow sponsored\">Bank of America Unlimited Cash Card<\/a>.<\/p>\n<p>This is a simple rewards structure that works well for those who don't want to fool around with bonus categories or those looking for a card to supplement their card strategy on those &#8220;other&#8221; purchases outside the bonus categories on their existing credit cards.<\/p>\n<p>And as long as your card is open and in good standing, your earned rewards won't expire.<\/p>\n<h3><span id=\"Boost_your_earnings_with_Bank_of_America_Preferred_Rewards\">Boost your earnings with Bank of America Preferred Rewards<\/span><\/h3>\n<p>While the ongoing 1.5% cash back rate is competitive, qualifying for the <a target=\"_blank\" href=\"\/credit-cards\/bank-of-america\/preferred-rewards-guide\/\" rel=\"noopener\">Bank of America Preferred Rewards program<\/a> can elevate your earning potential a lot further. The amount you earn depends on how much you have deposited with Bank of America, combined with any funds you have invested with Merrill Lynch.<\/p>\n<p>They base the tiers on a three-month average of deposits. Here's how much you need in savings to qualify for each tier on an ongoing basis:<\/p>\n\n<table id=\"tablepress-1042\" class=\"tablepress tablepress-id-1042 tablepress-responsive\">\n<thead>\n<tr class=\"row-1 odd\">\n\t<th class=\"column-1\">Tier<\/th><th class=\"column-2\">Required Balance<\/th><th class=\"column-3\">Bonus<\/th><th class=\"column-4\">Resulting Cashback rate<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-hover\">\n<tr class=\"row-2 even\">\n\t<td class=\"column-1\">Gold<\/td><td class=\"column-2\">$20,000-$49,999<\/td><td class=\"column-3\">25%<\/td><td class=\"column-4\">1.875%<\/td>\n<\/tr>\n<tr class=\"row-3 odd\">\n\t<td class=\"column-1\">Platinum<\/td><td class=\"column-2\">$50,000-$99,999<\/td><td class=\"column-3\">50%<\/td><td class=\"column-4\">2.25%<\/td>\n<\/tr>\n<tr class=\"row-4 even\">\n\t<td class=\"column-1\">Platinum Honors<\/td><td class=\"column-2\">$100,000- $999,999<\/td><td class=\"column-3\">75%<\/td><td class=\"column-4\">2.625%<\/td>\n<\/tr>\n<tr class=\"row-5 odd\">\n\t<td class=\"column-1\">Diamond<\/td><td class=\"column-2\">$1,000,000-$9,999,999<\/td><td class=\"column-3\">75%<\/td><td class=\"column-4\">2.625%<\/td>\n<\/tr>\n<tr class=\"row-6 even\">\n\t<td class=\"column-1\">Diamond Honors<\/td><td class=\"column-2\">$10 million or more<\/td><td class=\"column-3\">75%<\/td><td class=\"column-4\">2.625%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n<p>If you have more than $100,000 in savings, the ability to <a target=\"_blank\" href=\"\/credit-cards\/bank-of-america\/maximize-unlimited-cash-card-preferred-rewards\/\" rel=\"noopener\">earn 2.625% cash back on all purchases<\/a> (and even more in the first year) might entice cardholders to consider moving deposits to Bank of America and Merrill Lynch.<\/p>\n<figure id=\"attachment_135479\" class=\"wp-caption aligncenter\"><img data-aspectratio=\"750\/178\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" class=\"wp-image-135479 size-full lazyload\" data-src=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2023\/11\/Bank-of-America-Preferred-Rewards-tiers.png\" alt=\"Bank of America Preferred Rewards tiers\" width=\"750\" height=\"178\" data-srcset=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2023\/11\/Bank-of-America-Preferred-Rewards-tiers.png 750w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2023\/11\/Bank-of-America-Preferred-Rewards-tiers-300x71.png 300w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><center><em>Credit: Bank of America<\/em><\/enter><\/figure>\n<p>The Preferred Rewards program boosts also apply to other cards in the Bank of America portfolio, like the <a data-ccid=\"3002003\" href=\"https:\/\/awardwallet.com\/credit-cards\/bank-of-america\/travel-rewards-card\/\">Bank of America<sup>\u00ae<\/sup> Travel Rewards credit card<\/a>, which can give you additional options when looking for rewards cards.<\/p>\n<h2><span id=\"Redeeming_Cash_Back_With_the_Bank_of_America_Unlimited_Cash_Card\"><strong>Redeeming Cash Back With the Bank of America Unlimited Cash Card<\/strong><\/span><\/h2>\n<p>The <a data-ccid=\"4048258\" href=\"\/blog\/link\/CR-BankOfAmericaUnlimitedCashRewardsCreditCard\" rel=\"noopener nofollow sponsored\">Bank of America Unlimited Cash Card<\/a> makes redeeming cash back simple, with options including:<\/p>\n<ul>\n<li>Deposit into your eligible Bank of America checking or savings account<\/li>\n<li>Credit into your eligible Merrill\u00a0accounts, including 529 accounts<\/li>\n<li>Issue statement credits to your credit card<\/li>\n<\/ul>\n<p>Multiple flexible redemption options provide another reason to consider this card.<\/p>\n<p><strong>Related: <a target=\"_blank\" href=\"\/credit-cards\/bank-of-america-redeem-cash-rewards\/\" rel=\"noopener\">How To Redeem Cash Back From Bank of America Credit Cards<\/a><\/strong><\/p>\n<h2><span id=\"Application_Restrictions_and_Strategy\">Application Restrictions and Strategy<\/span><\/h2>\n<p>Bank of America doesn't have a written rule about how many of its credit cards you can have at a time, but multiple data points suggest the maximum is four. Additionally, the <a target=\"_blank\" href=\"\/credit-cards\/bank-america-234-policy\/\" rel=\"noopener\">Bank of America 2\/3\/4 rule<\/a>\u00a0restricts consumers to the following number of new Bank of America cards:<\/p>\n<ul>\n<li><strong>Two new cards in a two-month period<\/strong><\/li>\n<li><strong>Three new cards in a 12-month period<\/strong><\/li>\n<li><strong>Four new cards in a 24-month period<\/strong><\/li>\n<\/ul>\n<p>Some reports suggest that Bank of America can be pretty selective when it comes to credit card approvals. To improve your chances, it\u2019s wise to space out your applications and apply strategically.<\/p>\n<p>Lastly, your approval odds will depend on whether you have Bank of America deposit accounts and how many credit cards you've opened recently (across all issuers).<\/p>\n<ul>\n<li><strong>If you have a deposit account with Bank of America:<\/strong> Your card application will be denied if you've opened seven or more new cards in the past 12 months, based on what's visible on your credit report.<\/li>\n<li><strong>If you don't have a deposit account with Bank of America:<\/strong> Your card application will be denied if you've gotten three or more new cards in the past 12 months.<\/li>\n<\/ul>\n<p><strong>Related: <a target=\"_blank\" href=\"\/credit-cards\/rewards-card-application-rules\/\" rel=\"noopener\">Understanding Rewards Credit Card Application Rules and Restrictions<\/a><\/strong><\/p>\n<h2><span id=\"Cards_That_Compete_With_the_Bank_of_America_Unlimited_Cash_Card\"><strong>Cards That Compete With the Bank of America Unlimited Cash Card<\/strong><\/span><\/h2>\n<p>For those looking for simple rewards, the <a data-ccid=\"4048258\" href=\"\/blog\/link\/CR-BankOfAmericaUnlimitedCashRewardsCreditCard\" rel=\"noopener nofollow sponsored\">Bank of America Unlimited Cash Card<\/a> is a valuable cash-back credit card. However, dozens of other cards offer cash back. Here are a few alternatives to consider:<\/p>\n<ul>\n<li><strong>If you want a cash-back card that earns 2% on all purchases past year one<\/strong>, the <a data-ccid=\"3002009\" href=\"https:\/\/awardwallet.com\/credit-cards\/citi-thankyou-rewards\/citi-double-cash-card\/\">Citi Double Cash<sup>\u00ae<\/sup> Card<\/a> (<a data-ccid=\"3002009\" href=\"https:\/\/click.linksynergy.com\/fs-bin\/click?id=a3pDkecFgAg&offerid=951783.4206&type=3&subid=0\" target=\"_blank\" rel=\"noopener\">Rates & Fees<\/a>) is the gold standard. If you aren't taking advantage of the Bank of America Preferred Rewards program \u2014 or only have Gold Tier status \u2014 the Citi Double Cash will be more rewarding on everyday spending. You'll earn 2% cash back on all purchases: 1% when you buy plus 1% as you pay. Learn more in our <a href=\"\/credit-cards\/citi-thankyou-rewards\/citi-double-cash-card\/\">Citi Double Cash review<\/a>.<\/li>\n<li><strong>If you want a cash-back card with bonus earnings on travel<\/strong>, try the <a data-ccid=\"3006159\" href=\"https:\/\/awardwallet.com\/credit-cards\/cash-back\/quicksilver-card\/\">Capital One Quicksilver Cash Rewards Credit Card<\/a>. The Capital One Quicksilver also offers 1.5% cash back on every purchase, every day and a quality welcome bonus. Our <a target=\"_blank\" href=\"\/credit-cards\/cash-back\/quicksilver-card\/\" rel=\"noopener\">Capital One Quicksilver review<\/a> has further details.<\/li>\n<li><strong>If you want a card with travel bonuses and more bonus categories<\/strong>, the <a data-ccid=\"3006090\" href=\"https:\/\/awardwallet.com\/credit-cards\/chase-ultimate-rewards\/freedom-unlimited\/\">Chase Freedom Unlimited<sup>\u00ae<\/sup><\/a>  (<a data-ccid=\"3006090\" href=\"https:\/\/click.linksynergy.com\/fs-bin\/click?id=g3lR0xvjyAU&offerid=1993744.10005134&type=3&subid=07e770e91993f42f9a901f07ff574b15f&subid=639396\" target=\"_blank\" rel=\"noopener\">Rates & Fees<\/a>) earns unlimited 1.5% on all other purchases cash back on everyday spending, as well as 5% back on travel booked through Chase Travel<sup>SM<\/sup> and 3% back at restaurants and drugstore purchases. Even better, if you pair this card with a Chase card that earns points and has an annual fee, you can combine your cash back with points to gain additional value and redemption options. You can find out more in our <a target=\"_blank\" href=\"\/credit-cards\/chase-ultimate-rewards\/freedom-unlimited\/\" rel=\"noopener\">Chase Freedom Unlimited review<\/a>.<\/li>\n<\/ul>\n<div class=\"compare-cards-wrap compare-count-cards-3 compare-p-chase\"><div class=\"compare-card\"><div class=\"compare-pre\"><div class=\"compare-image\"><div><img src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" data-src=\"https:\/\/cdn.nextinsure.com\/imaging\/opt\/12d797ee-967a-492c-afac-48873b260ebb.jpg\" width=\"150\" alt=\"Citi Double Cash\u00ae Card\" \/ class=\"lazyload\"><\/div><\/div><div class=\"compare-name\">Citi Double Cash<sup>\u00ae<\/sup> Card<\/div><div class=\"compare-offer\"><strong>Welcome Offer<\/strong>\r\nEarn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou<sup>\u00ae<\/sup> Points, which can be redeemed for $200 cash back. <\/div><\/div><div class=\"compare-apply\"><a class=\"btn-use qs-apply-now\" title='Citi Double Cash\u00ae Card' data-ccid=\"3002009\" href=\"\/blog\/link\/CR-CitiDoubleCashCard\" target=\"_blank\" rel=\"noopener nofollow sponsored\">Apply Now<\/a><\/div><div class=\"compare-fee-score\"><div class=\"compare-fee\"><strong>Annual Fee<\/strong><p>$0<span class=\"compare-terms\"><a data-ccid=\"3002009\" href=\"https:\/\/click.linksynergy.com\/fs-bin\/click?id=a3pDkecFgAg&offerid=951783.4206&type=3&subid=0\" target=\"_blank\" rel=\"noopener\">Rates & Fees<\/a><\/span><\/p><\/div><div class=\"compare-rating compare-rating--9\"><strong>Credit Score<\/strong><p>Excellent, Good<\/p><\/div><\/div><div class=\"compare-earning\"><ul>\r\n<li>Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time.\r\n<br><br>\r\nPlus, earn 5% total cash back on hotel, car rentals and attractions booked with Citi Travel.<\/li>\r\n<\/ul><\/div><\/div><div class=\"compare-card\"><div class=\"compare-pre\"><div class=\"compare-image\"><div><img src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" data-src=\"https:\/\/cdn.nextinsure.com\/imaging\/opt\/a134121f-8ee3-4a8f-8d57-479d9461f5f7.png\" width=\"150\" alt=\"Capital One Quicksilver Cash Rewards Credit Card\" \/ class=\"lazyload\"><\/div><\/div><div class=\"compare-name\">Capital One Quicksilver Cash Rewards Credit Card<\/div><div class=\"compare-offer\"><strong>Welcome Offer<\/strong>\r\nEarn $200 Cash Back after you spend $500 on purchases within 3 months from account opening<\/div><\/div><div class=\"compare-apply\"><a data-ccid=\"3006159\" class=\"btn-use qs-how-apply\" title='Capital One Quicksilver Cash Rewards Credit Card' href=\"\/blog\/link\/CR-CapitalOneQuicksilverCashRewardsCreditCard\" target=\"_blank\" rel=\"noopener nofollow sponsored\">How to Apply<\/a><\/div><div class=\"compare-fee-score\"><div class=\"compare-fee\"><strong>Annual Fee<\/strong><p>$0<\/p><\/div><div class=\"compare-rating compare-rating--5\"><strong>Credit Score<\/strong><p>Excellent, Good<\/p><\/div><\/div><div class=\"compare-earning\"><ul>\r\n<li>5% cash back on hotels, vacation rentals, and rental cars booked through Capital One Travel<\/li>\r\n<li>5% cash back on purchases through Capital One Entertainment<\/li>\r\n<li>1.5% cash back on every purchase, every day<\/li>\r\n<\/ul><\/div><\/div><div class=\"compare-card\"><div class=\"compare-pre\"><div class=\"compare-image\"><div><img src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" data-src=\"https:\/\/cdn.nextinsure.com\/imaging\/opt\/aef345f2-25d7-4d44-b7c7-e62661f0291c.png\" width=\"150\" alt=\"Chase Freedom Unlimited\u00ae\"\/ class=\"lazyload\"><\/div><\/div><div class=\"compare-name\">Chase Freedom Unlimited<sup>\u00ae<\/sup><\/div><div class=\"compare-offer\"><strong>Welcome Bonus<\/strong>\r\nEarn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening<\/div><\/div><div class=\"compare-apply\"><a class=\"btn-use qs-apply-now\" title='Chase Freedom Unlimited\u00ae' data-ccid=\"3006090\" href=\"\/blog\/link\/ChaseFreedomUnlimited\" target=\"_blank\" rel=\"noopener nofollow sponsored\">Apply Now<\/a><\/div><div class=\"compare-fee-score\"><div class=\"compare-fee\"><strong>Annual Fee<\/strong><p>$0<span class=\"compare-terms\"><a data-ccid=\"3006090\" href=\"https:\/\/click.linksynergy.com\/fs-bin\/click?id=g3lR0xvjyAU&offerid=1993744.10005134&type=3&subid=07e770e91993f42f9a901f07ff574b15f&subid=639396\" target=\"_blank\" rel=\"noopener\">Rates & Fees<\/a><\/span><\/p><\/div><div class=\"compare-rating compare-rating--5\"><strong>Credit Score<\/strong><p>Excellent, Good<\/p><\/div><\/div><div class=\"compare-earning\"><ul>\r\n<li>Earn 5% on purchases through Chase Travel\u2120<\/li>\r\n<li>Earn 3% on dining at restaurants <\/li>\r\n<li>Earn 3% on drugstore purchases <\/li>\r\n<li>Earn 1.5% on all purchases <\/li>\r\n<\/ul><\/div><\/div><\/div>\n<p><strong>Related: <a target=\"_blank\" href=\"\/credit-cards\/cash-back\/best-cash-back-credit-card-offers\/\" rel=\"noopener\">The Best Cash Back Cards for Every Budget<\/a><\/strong><\/p>\n<h2><span id=\"Bottom_Line\">Bottom Line<\/span><\/h2>\n<p>The <a data-ccid=\"4048258\" href=\"\/blog\/link\/CR-BankOfAmericaUnlimitedCashRewardsCreditCard\" rel=\"noopener nofollow sponsored\">Bank of America Unlimited Cash Card<\/a> is a solid choice for someone wanting to earn cash back without an annual fee or a complicated rewards structure. And that's particularly true for those with substantial account balances at Bank of America and\/or Merrill Lynch. Earning up to 2.625% cash back on every purchase is tough to beat.<\/p>\n<p>That said, not everyone will qualify for the Preferred Rewards tiers needed to unlock that elevated rate. Even so, this card remains a strong option for everyday spending, especially on those miscellaneous purchases that don\u2019t fall into bonus categories on your other cards.<\/p>\n<p><div class=\"qs-card\" data-id=\"4048258\">\n            <div class=\"qs-data\">\n                <div class=\"qs-view\">\n                    <div class=\"qs-cardname\">Bank of America<sup>\u00ae<\/sup> Unlimited Cash Rewards credit card<\/div>\n                    <div class=\"qs-image\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" data-src=\"https:\/\/cdn.nextinsure.com\/imaging\/opt\/6bd9a59e-9e8c-4b7b-8d6a-3382a4e43347.png\" width=\"150\" alt=\"Bank of America\u00ae Unlimited Cash Rewards credit card\" \/ class=\"lazyload\"><\/div>\n                    <div class=\"qs-apply\"><\/div>\n                    <div class=\"qs-rates\"><\/div>\n                    <div class=\"qs-offer\"><strong>Welcome Bonus<\/strong>\r\n$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.<\/div>\n                <\/div>\n                <div class=\"qs-info\">\n                    <strong class=\"qs-cardname\">Bank of America<sup>\u00ae<\/sup> Unlimited Cash Rewards credit card<\/strong>\n                    <div class=\"qs-offer\"><strong>Welcome Bonus<\/strong>\r\n$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.<\/div>\n                    <div class=\"qs-fee\"><strong>Annual Fee:<\/strong><b>$0<\/b><\/div>\n                    <div class=\"qs-tabs\"><a class=\"qs-more\" href=\"#more\">Show more<\/a><a href=\"\" data-tab=\"wwl\">Why We Like It<\/a><a href=\"\" data-tab=\"er\">Earning Rates<\/a><div class=\"qs-tab-wwl\">The Bank of America<sup>\u00ae<\/sup> Unlimited Cash Rewards credit card offers a simple and straightforward rewards setup, ideal if you prefer uncomplicated cash back earnings. With no annual fee, the card provides 2% cash back on purchases for the first year from account opening, then a flat rate of 1.5% cash back on all purchases. For Bank of America Preferred Rewards members, the cash back rate can increase significantly, up to 2.62% as an ongoing earning rate, depending on the account balance tier\u200b. <a href=\"https:\/\/awardwallet.com\/credit-cards\/bank-of-america\/preferred-rewards-guide\/\">Learn more about Preferred Rewards<\/a><\/div><div class=\"qs-tab-er\"><ul>\r\n<li>Earn 2% cash back on purchases for the first year from account opening<\/li>\r\n<li>Earn unlimited 1.5% cash back on all purchases after year one<\/li>\r\n<\/ul><\/div><\/div>\n                <\/div>\n            <\/div>\n            <a class=\"qs-share\" href=\"\/find-a-card\/BOAUnlimited\/\" title=\"copy\"><svg width=\"12\" height=\"16\" viewBox=\"0 0 12 16\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"https:\/\/awardwallet.com\/blog\/wp-content\/themes\/awardwallet\/public\/builds\/icon\/icon-sprite.svg?v2026-5-140f3652aa#share-square\" fill=\"currentColor\"><\/use><\/svg><\/a>\n        <\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of America\u00ae Unlimited Cash Rewards credit card earns 1.5% cash back on all purchases \u2014 a competitive offer when it comes to other no-annual-fee cash-back cards. Even better, you can boost that earning rate to a whopping 2.625% cash back on all purchases. Here&#8217;s how to do so and how this card stacks up against other credit cards earning cash back.<\/p>\n","protected":false},"author":85,"featured_media":143904,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_wpscppro_dont_share_socialmedia":null,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"default","_twitter_share_type":"default","_linkedin_share_type":"default","_pinterest_share_type":"default","_linkedin_share_type_page":"","_instagram_share_type":"default","_medium_share_type":"default","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[12055],"tags":[12789,12620],"coauthors":[36458,36466],"class_list":["post-90785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-credit-cards","tag-bank-of-america","tag-card-reviews"],"acf":[],"_links":{"self":[{"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/posts\/90785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/users\/85"}],"replies":[{"embeddable":true,"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/comments?post=90785"}],"version-history":[{"count":49,"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/posts\/90785\/revisions"}],"predecessor-version":[{"id":257035,"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/posts\/90785\/revisions\/257035"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/media\/143904"}],"wp:attachment":[{"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/media?parent=90785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/categories?post=90785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/tags?post=90785"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/coauthors?post=90785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}