New $250 Welcome Offer on the Bank of America Unlimited Cash Rewards Card

The Bank of America^® Unlimited Cash Rewards credit card has a new and improved welcome bonus offer, making in a great time to add this cash-back rewards card to your wallet if it’s one you’ve been considering.

Here are the details of the offer, and the card as a whole, to help you decide if it’s a good fit for your wallet.

Bank of America Unlimited Cash Rewards Card Welcome Offer

For a limited time, new applicants can earn a $250 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of your account opening.

This is $50 higher than the previous $200 welcome bonus offer, giving you 25% more cash-back for the same minimum spend requirement.

In fact, if you spend right around the full $1,000 amount needed to receive the $250 cash-back welcome bonus, you could look at this as getting a 25% return on this inital spend needed to receive the bonus.

Bank of America Unlimited Cash Rewards Card Details

The Bank of America Unlimited Cash Rewards card is a simple and straightforward $0-annual-fee cash-back rewards card that earns an uncapped 1.5% cash-back on all purchases.

The card also has a 0% Intro APR for your first 15 billing cycles for purchases and balance transfers made in the first 60 days, then a variable APR of 17.74% to 27.74% thereafter. A 3% intro balance transfer fee applies for the first 60 days, then 5% thereafter.

While that isn’t necessarily anything to write home about, as many other no-annual-fee cash-back cards offer at least 1.5% back on all purchases, where it gets interesting is the extra benefits from the BofA Rewards program.

If you’re not already familiar, the BofA Rewards program is a loyalty program that offers added benefits to customers who hold a certain amount of assets with Bank of America and Merrill, allowing you to boost the rewards rate of eligible Bank of America credit cards from 10% to 75%.

Depending on what status level you’d hold in the BofA Rewards program, you could receiving a meaningful boost to the total amount of cash-back you earn with your Bank of America Unlimited Cash Rewards card — earning as much as 2.625% cash-back on everyday spending.

Final Thoughts

If you’ve been thinking about adding the Bank of America Unlimited Cash Rewards card to your wallet, now is a great time to do so in order to take advantage of its increased welcome bonus offer of $250.

Better yet, if you’re already particpiating in the BofA Rewards program, this card could be an excellent addition to your wallet.