Advertiser Disclosure

Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). However, the credit card information that we publish has been written and evaluated by experts who know these products inside out. We only recommend products we either use ourselves or endorse. This site does not include all credit card companies or all available credit card offers that are on the market. See our advertising policy here where we list advertisers that we work with, and how we make money. You can also review our credit card rating methodology.

Bank of America Launches New Unlimited Cash Rewards Card

Jarrod West's image
Jarrod West
Updated: 
Bank of America Launches New Unlimited Cash Rewards Card
Jump to Section
Table of Contents

We may be compensated when you click on product links, such as credit cards, from one or more of our advertising partners. Terms apply to the offers below. See our Advertising Policy for more about our partners, how we make money, and our rating methodology. Opinions and recommendations are ours alone.

There is no shortage of cash-back credit cards on the market, especially those that seek to reward you for every purchase you make with the card. But Bank of America has released its latest card to try and shake things up a bit, and the card is actually quite a solid option — especially if you’re a member of the Bank of America Preferred Rewards program.

Advertisement

Bank of America® Unlimited Cash Rewards Credit Card Details

Bank of America Unlimited Cash Rewards Card
Image Credit: Bank of America

Welcome Bonus: Newly approved cardholders can earn a $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of their account opening.

The Bank of America Unlimited Cash Rewards card is a no annual fee card that offers cardholders 1.5% cash-back on every $1 they spend on the card, with no annual limits to how much cash-back you can earn, and your cash-back rewards will never expire.

You’ll also receive convenient benefits like email or text account alerts and access to your FICO score updated monthly for free.

Hot Tip: How does the new Bank of America Unlimited Cash Rewards card compare to other cards offered by Bank of America? Check out our guide to the best Bank of America credit cards for cash-back and rewards to see our top picks!

Earn Up to 2.6% Back on All Purchases With No Annual Fee

Bank of America Preferred Rewards program woman on tablet
Preferred Rewards members can boost their rewards with the Bank of America Unlimited Cash Rewards card. Image Credit: Bank of America

Where the Unlimited Cash Rewards card really starts to get interesting is for those that are also members of the Bank of America Preferred Rewards program.

For those not familiar, Bank of America Preferred Rewards is the bank’s loyalty program that provides benefits like increased interest rates on your savings account, loan interest rate discounts, and a boost to your credit card rewards rate. The program has 3 tiers and provides the following rewards boost rates:

  • Gold (requires $20,000 in deposits) — 25% rewards bonus for 1.87% cash-back
  • Platinum (requires $50,000 in deposits) — 50% rewards bonus for 2.25% cash-back
  • Platinum Honors (requires $100,000 in deposits) — 75% rewards bonus for 2.62% cash-back

While there are many other no annual fee credit cards out there that offer 1.5% to 2% cash-back on all purchases, there are none that offer 2.25% to 2.62% cash-back on all purchases, making the Bank of America Unlimited Cash Rewards card an excellent option for Bank of America Preferred Rewards Platinum or Platinum Honors members who want to earn as much cash-back as possible.

Advertisement

Final Thoughts

If you’re someone that is focused on earning travel rewards, then the Bank of America Unlimited Cash Rewards card is definitely not for you. But if you prefer to earn cash-back rewards, and you’re looking for a no annual fee option that rewards you for all of your purchases, then the Bank of America Unlimited Cash Rewards card could be a stellar option for you — especially if you’re a Bank of America Preferred Rewards member.

Featured Image Credit: A Stockphoto via Adobe Stock
Jarrod West's image

About Jarrod West

Boasting a portfolio of over 20 cards, Jarrod has been an expert in the points and miles space for over 8 years. He earns and redeems over 1 million points per year, and his work has been featured in outlets like The New York Times.

INSIDERS ONLY: UP PULSE™

Deluxe Travel Provided by UP Pulse

Get the latest travel tips, crucial news, flight & hotel deal alerts...

Plus — expert strategies to maximize your points & miles by joining our (free) newsletter.

We respect your privacy. This site is protected by reCAPTCHA. Google's privacy policy  and terms of service  apply.

Deluxe Travel Provided by UP Pulse

We Recommend

Platinum Card® from American ExpressTerms Apply / Rates & Fees

Platinum Card® from American Express

Apply Now(at Amex's secure site)

Platinum Card® from American Express

Welcome Offer: As High As 175,000 Points. Find Out Your Offer.

  • You may be eligible for as high as 175,000 Membership Rewards® points after you spend $8,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
  • Get more for your travels with 5X Membership Rewards® points on all flights and prepaid hotel bookings through American Express Travel®, including Fine Hotels + Resorts® and The Hotel Collection bookings. You earn 5X points on flights purchased directly from airlines or through American Express Travel® on up to $500,000 on these purchases per calendar year.
Show more
  • More Value! With over 1,550 airport lounges - more than any other credit card company on the market* - enjoy the benefits of the Global Lounge Collection®, over $850 of annual value, with access to Centurion Lounges, 10 complimentary Delta Sky Club® visits when flying on an eligible Delta flight (subject to visit limitations), Priority Pass Select membership (enrollment required), and other select partner lounges. * As of 07/2025.
  • More Value! $200 Uber Cash + $120 Uber One Credit: With the Platinum Card® you can receive $15 in Uber Cash each month plus a bonus $20 in December when you add your Platinum Card® to your Uber account to use on rides and orders in the U.S when you select an Amex Card for your transaction. Plus, when you use the Platinum Card® to pay for an auto-renewing Uber One membership, you can get up to $120 in statement credits each calendar year. Terms apply.
  • More Value! $300 Digital Entertainment Credit: Get up to $25 in statement credits each month after you pay for eligible purchases with the Platinum Card® at participating partners. Enrollment required.
  • More Value! $600 Hotel Credit: Get up to $300 in statement credits semi-annually on prepaid Fine Hotels + Resorts® or The Hotel Collection* bookings through American Express Travel® using the Platinum Card®. *The Hotel Collection requires a minimum two-night stay.
  • New! $400 Resy Credit + Platinum Nights by Resy: When you use the Platinum Card® to pay at U.S. Resy restaurants and to make other eligible purchases through Resy, you can get up to $100 in statement credits each quarter with the $400 Resy Credit benefit. Plus, with Platinum Nights by Resy, you can get special access to reservations on select nights at participating in demand Resy restaurants with the Platinum Card®. Simply add your eligible Card to your Resy profile to book and discover Platinum Nights reservations near you, enrollment required.
  • More Value! $209 CLEAR® Plus Credit: CLEAR® Plus helps get you to your gate faster by using unique facial attributes to verify you are you at 50+ airports nationwide. You can cover the cost of a CLEAR Plus Membership* with up to $209 in statement credits per calendar year after you pay for CLEAR Plus with the Platinum Card®. *Excluding any applicable taxes and fees. Subject to auto-renewal.
  • $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees, such as checked bags and in-flight refreshments, are charged by the airline to the Platinum Card® Account*. American Express relies on airlines to submit the correct information on airline transactions to identify incidental fee purchases. If you do not see a credit for a qualifying incidental purchase on your eligible Card after 8 weeks, simply call the number on the back of your Card. Qualifying airlines are subject to change. See terms & conditions for more details.
  • Start your vacation sooner, and keep it going longer. When you book Fine Hotels + Resorts® through American Express Travel®, enjoy noon check-in upon arrival, when available, and guaranteed 4PM check-out.
  • New! $300 lululemon Credit: Enjoy up to $75 in statement credits each quarter when you use the Platinum Card® for eligible purchases at U.S. lululemon retail stores (excluding outlets) and lululemon.com. That’s up to $300 in statement credits each calendar year. Enrollment required.
  • $155 Walmart+ Credit: Receive a statement credit* for one monthly Walmart+ membership (subject to auto-renewal) after you pay for Walmart+ each month with the Platinum Card®.*Up to $12.95 plus applicable local sales tax. Plus Ups not eligible.
  • $100 Saks Credit: Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue or saks.com on the Platinum Card®. That’s up to $50 in statement credits from January through June and up to $50 in statement credits from July through December. No minimum purchase required. Enrollment required.
  • Whenever you need us, we're here. Our Member Services team will ensure you are taken care of. From lost Card replacement to statement questions, we are available to help 24/7.
  • $895 annual fee.
  • Terms Apply.

Related Posts

Credit One Bank® Visa® Cash Back Rewards — Review [2024]
Credit One Bank® Visa® Cash Back Rewards — Review [2024]
The Best Bank of America Credit Cards for Cash-back and Rewards [2025]
The Best Bank of America Credit Cards for Cash-back and Rewards [2025]
The 6 Best Credit One Bank Credit Cards – Everything You Need to Know
The 6 Best Credit One Bank Credit Cards – Everything You Need to Know
TD Bank Credit Cards & Rewards Program [2025]
TD Bank Credit Cards & Rewards Program [2025]

Upgrade your travel experience

  • Facebook
  • Twitter
  • Instagram
  • Pinterest
  • Linkedin
  • Youtube

© 2025 Upgraded Points™, LLC. All Rights Reserved.

DMCA.com Protection Status

Disclaimer: Upgraded Points, LLC and its website, UpgradedPoints.com, provides information on credit cards, reward programs, travel information and ancillary information concerning travel and credit cards. The information provided is for informational purposes only and should not be considered financial, tax or legal advice.

Upgraded Points, LLC uses reasonable efforts to maintain accurate information on the site — and prior to applying for any credit card offers found on UpgradedPoints.com, all visitors should review other features of such credit cards including but not limited to interest rates, annual fees and transaction fees, and should determine the suitability of such credit cards considering their own individual financial position.

Advertiser Disclosure: Many of the credit card offers that appear on this site are from credit card companies from which we receive compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers. For more information on our advertisers and how we make money, see our advertising policy here. In addition, as an Amazon Associate we earn from qualifying purchases.

Editorial Disclosure: The content featured on UpgradedPoints.com has not been influenced, provided, or reviewed by the credit card companies mentioned. Any and all options, reviews, comments and analyses are the responsibility of the author(s) and not any Advertiser or credit card issuer.