Bank of America Unlimited Cash Rewards credit card
A Bank of America Visa card with no annual fee. Here's what it pays back after that fee for three spending profiles, simulated month by month. Terms verified Oct 26, 2026.
What it's worth
5 years, the welcome offer counted when the profile's own spending reaches it, rewards valued as cash. Merchant credits like Uber or DoorDash aren't counted for typed profiles.
| Profile | Year 1 | Then yearly | 5 years |
|---|---|---|---|
| Everyday spender About $2,000 a month, mostly groceries and errands, one trip a year. | $604 | $354 | $2,020 |
| Balanced About $3,500 a month with a few trips a year and regular dining out. | $835 | $585 | $3,175 |
| Frequent traveler About $5,000 a month, heavy on flights, hotels and restaurants, some trips abroad. | $970 | $720 | $3,850 |
Your spending isn't one of our profiles. Drop in a year of statements and see where the BofA Unlimited Cash ranks against every card we track. They're read on this device and never uploaded.
Terms
| Term | BofA Unlimited Cash |
|---|---|
| Issuer and network | Bank of America, Visa |
| Annual fee | None |
| Requires | Nothing extra |
| Welcome offer | $250 after $1,000 in 3 months |
| Earning | 1.5% on everything else |
| Rewards currency | Cash back |
| Statement credits | None |
| Lounges | None |
| Foreign transaction fee | 3% |
| Authorized users | No fee |
| Availability | Open to new applicants |
| Verified | Oct 26, 2026 |
Checked against the issuer's page. Dates and sources for each part.
Fine print
- Earns a flat 1.5% cash back on net purchases with no cap. Balance transfers, cash advances, fees and interest don't earn. Cash rewards don't expire while the account is open; if the account is closed by you or for inactivity, you have 90 days to redeem them.
- BofA Rewards bonus (Bank of America's relationship program, formerly Preferred Rewards): enrolled members with a Bank of America checking account get a bonus on this card's cash back of 10% at the Member tier (no minimum balance), 25% at Preferred Plus ($30,000+ in combined Bank of America deposit and Merrill investment balances), 50% at Preferred Honors ($100,000+) or 75% at Premier ($1,000,000+). That turns 1.5% into 1.65%, 1.875%, 2.25% or 2.625%. The bonus doesn't apply to the welcome bonus. The simulation uses the standard 1.5% everyone gets, so members earn more than shown.
- Intro APR: 0% for the first 15 statement closing dates (billing cycles), shown here as 15 months. It covers purchases and balance transfers made within 60 days of opening.
- Balance transfer fee is 3% for transfers made within 60 days of opening, then 5%. The disclosure lists no dollar minimum, so transferFeeMin is 0. BTs can't pay off other Bank of America accounts.
- Regular APR: 17.74% to 27.74% variable, from the pricing disclosure using prime 7.0% as of 09/30/2026. Cash advance APR is 20.74%-28.74% (direct deposit/check) or 29.49% (bank cash advances), and the cash advance fee is 5%. A late payment can trigger a penalty APR of up to 29.99% on new transactions. The late fee is up to $41.
- Foreign transaction fee: 3% of each transaction made in a foreign currency.
- Redeem cash rewards as a statement credit, a deposit to a Bank of America checking or savings account, a credit to a Merrill Cash Management Account or Merrill 529 account, or at Amazon.com and PayPal checkout. One-time deposits and statement credits have no minimum; automatic deposits and 529 contributions need $25.
- The Monthly Custom Pay Plan fee is up to 1.72% of the plan amount.
History
We started tracking this card's terms on Oct 20, 2026. When Bank of America changes them, what changed and what it does to each of our households will show here. Every card's changes.