Bank of America Unlimited Cash Rewards
1.5% that grows to 2.62% with Preferred Rewards.
Welcome Bonus
$200
≈$200 value
Spend Requirement
$1,000
in 3 months
Annual Fee
$0
3% FTF
Credit Score
670+
(Good)
Current offer note: $200 online cash rewards bonus
Historical Offers Chart
Every public offer change we've tracked. Hover for details, timing your application is worth hundreds of dollars.
Last verified 2026-06-09 · spot an outdated offer? Tell us in the comments.
Earning Rates
- 1.5xAll purchases
Credits
No statement credits, this card wins on earn rates, not coupons.
Benefits
- ✦Preferred Rewards boosts cash back up to 75%
- ✦No caps, no categories, no activation
Why it earns its spot
- +2.62% flat with Platinum Honors beats every 2% card
- +Zero maintenance
Where it costs you
- −Plain 1.5% without Preferred Rewards trails 2% cards
- −3% FTF
The Compound Verdict
This card exists for one customer: the Preferred Rewards Platinum Honors member. For them, 2.62% on everything is unbeatable. For everyone else, a 2% card wins.
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