Bank of America · Visa
Bank of America® Unlimited Cash Rewards Credit Card
BofA banking customers who can boost flat 1.5% to 2.625% with Preferred Rewards
No annual fee
Why people consider it
- 1.5x on every purchase.
- Simple 1.5x on everything.
Current welcome offer
Welcome offer: +$250
Requirement: Spend $1,000 in 3 months
Tell us what you normally spend and we’ll check it against this requirement. Find a card →
Current offer shown; issuer determines eligibility.
Details: $250 online cash rewards bonus after $1,000 spend in 90 days (raised from $200; issuer page verified 2026-08-06).
Recommended credit score: 670+
Advertising disclosure: we may earn a commission if you apply through this link. This does not affect your ranking. Full disclosure
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Is this card worth it?
Ongoing value
$864/year
for the sample household ($4,800/month) · points at typical value
First-year value
$1,114 first year
Includes: +$250 welcome offer
$250 is one-time. $864/year is ongoing.
To earn the bonus: spend $1,000 in 3 months.
Offer verified: Nov 4, 2026
Worth considering if you already want this type of card.
- Full annual fee:
- none
- Major trade-offs:
- Base 1.5% is average without Preferred Rewards Preferred Rewards requires $100K+ in BofA/Merrill accounts for max boost
- Against a no-fee alternative:
- This is a no-fee card — nothing to earn back.
Detailed research
Full reward table and category caps
Optional benefits and credits
Perks (not counted in our math)
Approval and bonus eligibility caveats
Recommended credit score: 670+ — the issuer decides every application.
Issuer verification source
Rates and fees may vary.See current rates, fees, and terms on Bank of America's site
Detailed methodology
Net annual value = rewards on a spending profile at typical point value − the full annual fee; credits count only if you tell us you use them; a welcome offer counts once, in year one, only where the profile meets its requirement. Same math as Find a Card. Methodology v2026.09.4.
Editorial review and disclosures
Pros
- + Unlimited 1.5% cash back on all purchases (the 2%-first-year promotion has ended)
- + 1.5% boosts to 2.625% with Preferred Rewards Platinum Honors
- + $250 online bonus after $1,000 in 90 days — easy to hit
- + No annual fee
- + 0% intro APR for 15 billing cycles on purchases
Cons
- - Base 1.5% is average without Preferred Rewards
- - Preferred Rewards requires $100K+ in BofA/Merrill accounts for max boost
- - No bonus categories for targeted spending
- - No transfer partners
Written by Tim · Data verified against issuer terms · Last checked Nov 4, 2026 · Methodology v2026.09.4
Card information is collected independently and has not been reviewed or provided by the card issuer. Terms apply to the offers listed on this page. See our disclosure for details.