Bank of America Unlimited Cash Rewards: worth a spot in your wallet?
The honest math on the Bank of America Unlimited Cash Rewards: what its cash back earns beyond a plain 2% card.
Bank of America · No annual fee · cash back
Earning rates
- 1.5x Unlimited cash back on every purchase
Recent changes to this card's data
2026-09-12 — Bank of America Unlimited Cash Rewards
2026-08-21 — Bank of America Unlimited Cash Rewards (new card)
- Added new card
bofa-unlimited-cash-rewards. $0 annual fee, Visa Signature network, flat cash back (1 cent/point — statement credit, BofA account deposit, or Amazon.com/PayPal checkout, no transfer partners). 3% foreign transaction fee confirmed via bankrate.com and financebuzz.com; no no-FTF benefit listed. Sources: https://www.bankofamerica.com/credit-cards/products/unlimited-cash-back-credit-card/ , https://info.bankofamerica.com/en/rewards/bofa-rewards , https://www.bankrate.com/credit-cards/reviews/bank-of-america-unlimited-cash-rewards-card , https://financebuzz.com/bank-of-america-unlimited-cash-rewards-review , https://wallethub.com/answers/cc/bank-of-america-unlimited-cash-rewards-credit-card-rental-car-insurance-1000405-2140893125/ , https://awardwallet.com/news/bank-of-america/preferred-rewards-to-become-bofa-rewards/ , https://www.mymoneyblog.com/bank-of-america-bofa-rewards-changes-2026.html , https://about.bankofamerica.com/en/making-an-impact/museums-on-us-partners - Earning: flat 1.5% on every purchase, no categories, no cap. No first-year elevated rate — the live issuer page states a flat 1.5% with no first-year distinction, contradicting several sites still claiming "2% first year, then 1.5%" (stale promo copy from an older card version); the issuer's own page wins.
- Relationship boosts follow the CURRENT "BofA Rewards" program (Bank of America renamed/restructured "Preferred Rewards" to "BofA Rewards" effective 2026-05-27) — Member 10% (no min balance, requires a linked BofA checking account), Preferred Plus 25% ($30k+), Preferred Honors 50% ($100k+), Premier 75% ($1M+). Confirmed via the official info.bankofamerica.com/en/rewards/bofa-rewards page plus two agreeing secondaries (AwardWallet, My Money Blog). (The sibling Premium Rewards card still carried the old tiers at this point — corrected in its own same-day pass; see that entry.)
- Benefits: left empty, deliberately. Could not confirm ANY priced coverage (purchase protection, extended warranty, rental-car CDW, roadside assistance, travel/baggage insurance) specifically for this card — the issuer's own product page lists no Visa-Signature-specific coverages, secondaries disagree (wallethub.com explicitly says rental insurance is "not disclosed" for this card; financebuzz.com's detailed review lists none; a generic non-BofA-specific 2017 Visa Signature guide and one secondary (hellosafe.com) assert specific numbers that could not be independently corroborated) — so nothing was added on guesswork. If BofA's actual cardholder benefits guide ever surfaces, this card gets a follow-up pass.
- Omitted as issuer-generic non-monetizable extras (identical across most BofA personal cards): Museums on Us (confirmed to apply to any BofA/Merrill credit or debit card, not this card specifically), BankAmeriDeals, ID Navigator by NortonLifeLock, standard Visa $0 Liability Guarantee.
Card data verified against Bank of America on 2026-09-12.
All cards · Compare cards · Find your card