Learn How to Apply for the BoA Unlimited Cash Rewards Card

What do You Need to Know Before Applying for the BoA Unlimited Cash Rewards Card?

The Bank of America Unlimited Cash Rewards card, in collaboration with Visa Signature, provides an unrestricted 1.5% cash back reward on all transactions, with potential perks for Preferred Rewards participants.

The Preferred program offers an array of exclusive advantages.

In the credit card arena, you can elevate the reward rate to anywhere between 1.87% and 2.62% for each purchase, which can significantly impact your finances.

To qualify for this program, individuals must hold an active and eligible Bank of America account.

Moreover, they need to maintain a combined average balance of $20,000 over a span of 3 months, inclusive of deposit balances or Merrill investment accounts.

The Bank of America card doesn’t impose an annual fee and extends a 15-month introductory APR period for both balance transfers and purchases.

Following this, the interest rates fluctuate, ranging from standard APRs of 18.24% to 28.24%. For balance transfers, the fee starts at 3% initially and then increases to 4%.

The card also features a $200 sign-up bonus for new users who spend at least $1,000 within the first three months.

And you can redeem rewards that never expire through various methods, such as statement credit, deposits into your Bank of America account, purchases on Amazon.com, and PayPal.

If you want to learn more, keep reading.

Who can Apply?

To start, you don’t have to be an existing Bank of America customer to apply for the card. Upon receiving the BoA Unlimited, you’ll automatically open a card account.

Requirements for the Boa Unlimited include being at least 18 years old, or up to 21 in certain states, such as Puerto Rico.

The card’s services are accessible across all 50 states in the United States. To qualify for the card, you must be either a US citizen or a foreign national with a valid and properly documented passport and work visa.

Additionally, your credit history must reflect a good to excellent score, typically falling within the range of 670 to 700 FICO points.

Verifiable and official income documentation will also be necessary for the card approval process.

However, it’s worth noting that meeting these criteria does not guarantee approval, as each application is subject to Bank of America’s discretion and availability.

How do I Apply for the BoA Unlimited Cash Rewards Card?

The Bank of America website offers an “Apply Now” button that directs potential customers to the application form.

Once you access the application form, you’ll be required to input basic details such as your full name, last name, home address, contact number, and email address.

For existing Bank of America customers, logging in can streamline the process. Following this, you’ll need to furnish banking information like your Social Security number, housing type, monthly expenditures, and income.

These are typically the primary details requested by the bank, which will then conduct a thorough credit assessment.

Throughout the application, you might need to submit documentation such as proof of address, a scanned copy of your driver’s license or passport, and recent bank statements to verify your income.

Should you have any inquiries or encounter any difficulties, you can reach out to the bank via online chat or other customer support channels, including the provided phone number.

More Details

The card is quite comprehensive and doesn’t even require the physical version itself, as you can utilize smartphone digital wallets. In terms of protection, BoA offers:

• 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

Therefore, aside from rewards, it’s a good option precisely for financial management.

Want to learn another option?

The Capital One SavorOne also focuses on rewards, offering 1% on all eligible purchases and up to 3% in special categories for everyday use.

Additionally, with this option, you can rely on good security and convenience features, and you can find out how to apply.

Written by

Gabriel Gonçalves