Discover the Steps to Apply for the BoA Unlimited Cash Rewards Card
Key Details to Know Before Applying for the BoA Unlimited Cash Rewards Card
The Bank of America Unlimited Cash Rewards card, powered by Visa Signature, provides a rewarding 1.5% cash back on all your purchases, plus exclusive perks for those enrolled in the Preferred Rewards program.
The Preferred Rewards program offers a selection of exclusive advantages.
With credit cards, you can boost your reward rate on every purchase to anywhere between 1.87% and 2.62%, which can significantly impact your finances.
To qualify for this program, applicants must hold an active and valid Bank of America account.
Applicants are also required to maintain a combined average balance of $20,000 over a three-month period, which includes both deposit accounts and Merrill investment holdings.
The Bank of America credit card charges no annual fee and features a 15-month introductory APR on purchases and balance transfers.
Afterward, the interest rates range between 18.24% and 28.24% APR. Balance transfer fees start at 3% and later increase to 4%.
New cardholders can earn a $200 sign-up bonus by spending at least $1,000 within the first three months after account opening.
You can take advantage of rewards that never expire through various options such as statement credits, direct deposits to your Bank of America account, Amazon.com purchases, and PayPal transfers.
Keep reading if you want to learn more about this card.
Who Qualifies to Apply?
You don’t have to be a Bank of America customer to apply. Once approved, a new account will be created specifically for your BoA Unlimited card.
Applicants for the BoA Unlimited card need to be at least 18 years old, or 21 in certain areas such as Puerto Rico.
The card’s perks are accessible across all 50 states in the U.S. To qualify for the card, applicants must either be U.S. citizens or foreign nationals with valid passports and appropriate work visas.
Additionally, your credit history should reflect a good credit score, typically falling between 670 and 700 on the FICO scale.
Applicants will also need to provide verifiable and official income documentation to support their application.
It’s worth noting that meeting these criteria doesn’t guarantee approval, as Bank of America reviews each application based on their discretion and current availability.
How to Apply for the BoA Unlimited Cash Rewards Card
On Bank of America’s website, you’ll find an “Apply Now” button that directs interested applicants straight to the application page.
Once you arrive at the application, you’ll be asked to enter basic details such as your first and last name, home address, phone number, and email contact.
For existing Bank of America customers, logging in first can make the process smoother. Next, you’ll need to provide financial details including your Social Security number, living situation, monthly expenses, and income.
Typically, this is the initial information the bank requests before conducting a full credit assessment.
Throughout the application, you may be asked to submit several documents such as proof of residence, a scanned copy of your driver’s license or passport, and recent bank statements to verify your income.
If you require help or encounter any difficulties, you can reach out to the bank via their online chat or by calling the customer support phone number provided.
Additional Details
This card offers broad usability and can be linked to smartphone digital wallets as an alternative to the physical card. Regarding security, Bank of America (BoA) ensures:
- The ability to lock your account to prevent fraud.
- Zero liability protection against unauthorized charges.
- Balance Connect offers overdraft protection services.
- Easy card management through the mobile banking app.
- Frequent notifications about your account activity.
- Access to FICO score monitoring.
Beyond its advantages, this card stands out as a practical option for managing your finances effectively.
Looking for another card option?
The Capital One SavorOne focuses on rewards, offering 1% cash back on all eligible purchases and up to 3% on select everyday spending categories.
This card also provides solid security features and user-friendly tools, plus guidance on how to apply with ease.
