Discover the Steps to Apply for the BoA Unlimited Cash Rewards Card
Key Points to Know Before Applying for the BoA Unlimited Cash Rewards Card
The Bank of America Unlimited Cash Rewards card, in collaboration with Visa Signature, grants a fantastic 1.5% cash back on all purchases, along with special perks for Preferred Rewards members.
CREDIT CARD
BoA Unlimited Cash Reward
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The Preferred program offers a range of unique advantages.
For credit cards, the reward rate can rise to between 1.87% and 2.62%, which can significantly impact your finances.
To participate in this program, you must hold an active Bank of America account.
Additionally, maintaining an average balance of $20,000 over three months is necessary, including deposits and Merrill investment accounts.
The Bank of America card has no annual fee and provides a 15-month introductory APR for balance transfers and purchases.
After this period, interest rates vary, with APRs from 18.24% to 28.24%. The fee for balance transfers begins at 3% and increases to 4% thereafter.
New cardholders can also receive a $200 sign-up bonus by spending $1,000 or more within the first three months.
You can redeem your rewards, which never expire, in various ways, including as a statement credit, through your Bank of America account, on Amazon.com, or via PayPal.
To learn more, keep reading.
Who Can Apply?
You don’t need to have an existing Bank of America account to start the application. If approved for the BoA Unlimited, a card account will be created for you automatically.
Applicants must be at least 18 years old, or 21 in certain areas like Puerto Rico.
This card is offered across all 50 states in the US. Eligibility requires individuals to be American citizens or foreign nationals with a valid passport and work visa.
Additionally, having a solid credit history is crucial, typically demonstrated by a credit score between 670 and 700 FICO points.
You will also need to present verifiable documentation of income during the card approval process.
Keep in mind that meeting these criteria does not guarantee approval, as each application is subject to Bank of America’s discretion and availability.
How to Apply for the BoA Unlimited Cash Rewards Card?
Visit the Bank of America website to find the noticeable “Apply Now” button that directs potential applicants to the application form.
While filling out the application, you will be asked to provide important details like your full name, last name, home address, phone number, and email.
If you already have a Bank of America account, logging in can streamline your process. You will then need to share banking information such as your Social Security number, housing situation, monthly expenses, and income.
The bank generally requests this information before conducting a detailed credit assessment.
During the application process, you may need to submit specific documents such as proof of your address, a digital version of your driver’s license or passport, and current bank statements to verify your income.
If you have any queries or encounter difficulties, don’t hesitate to reach out to the bank through online chat or other customer support channels, including the provided phone number.
CREDIT CARD
BoA Unlimited Cash Reward
* You will be directed to an external website
Additional Insights
This card offers a variety of features and can easily integrate with digital wallets on mobile devices, making the physical card unnecessary. Regarding security, Bank of America provides:
- Fraud prevention lock
- $0 liability guarantee for fraudulent purchase
- Balance Connect for overdraft protection
- Complete card control through mobile banking
- General account alerts
- FICO score monitoring
In addition to incentives, this option stands out as a practical solution for managing finances.
Curious about an alternative option?
The Capital One SavorOne card focuses on rewards, offering 1% cash back on all eligible purchases and up to 3% in select categories for everyday spending.
This option also ensures dependable security and user-friendly features, guiding you on how to apply.
