Discover the Steps to Apply for the BoA Unlimited Cash Rewards Card
The BoA Unlimited, true to its name, emphasizes rewarding benefits that don’t fade away during the card’s entire duration; discover how to sign up.
Key Insights Before Applying for the BoA Unlimited Cash Rewards Card
The Bank of America Unlimited Cash Rewards card, in partnership with Visa Signature, offers a fantastic 1.5% cash back on every purchase, with extra benefits available for Preferred Rewards members.
The Preferred Rewards program provides a host of unique benefits.
With this card, you can boost your rewards rate to between 1.87% and 2.62% for every transaction, which can greatly enhance your financial situation.
To qualify for this program, you must maintain an active and eligible Bank of America account.
Additionally, you need to keep an average balance of $20,000 over three months, including deposits or Merrill investment accounts.
The Bank of America card comes with no annual fee and offers a 15-month introductory APR for both purchases and balance transfers.
After this period, the interest rates vary, ranging from standard APRs of 18.24% to 28.24%. Balance transfer fees start at 3% and go up to 4% thereafter.
This card offers a $200 sign-up bonus for new users who spend at least $1,000 in the first three months.
You can redeem rewards that never expire in various ways, including statement credits, bank deposits, purchases on Amazon.com, or through PayPal.
If you’re curious to learn more, continue reading.
Who is Eligible to Apply?
First off, you don’t need to be a current Bank of America customer to apply for this card. When you receive the BoA Unlimited, you’ll automatically create a card account.
Eligibility criteria for the BoA Unlimited include being at least 18 years old, or 21 in specific places, like Puerto Rico.
The card’s offerings are available in every state across the U.S. To be eligible, you must either be a U.S. citizen or a foreign national with valid documentation including a passport and work visa.
Your credit history should ideally demonstrate a good to excellent score, typically ranging from 670 to 700 on the FICO scale.
You’ll also need to provide verifiable income documentation during the card approval process.
It’s important to understand that fulfilling these requirements does not guarantee approval, as all applications are evaluated at the discretion of Bank of America based on availability.
How Can I Apply for the BoA Unlimited Cash Rewards Card?
The Bank of America website features an “Apply Now” button that guides prospective clients to the application form.
After accessing the application form, you will need to enter basic information like your full name, last name, home address, phone number, and email.
If you’re already a Bank of America customer, logging in can make the process smoother. Then, you’ll provide banking details such as your Social Security number, type of housing, monthly expenses, and income.
These are usually the main details that the bank will ask for, after which they will perform a detailed credit evaluation.
During the application, you may need to provide documentation such as proof of address, a scanned copy of your driver’s license or passport, and recent bank statements to confirm your income.
If you have any questions or face issues, you can contact the bank through online chat or other customer support options, including the provided phone number.
Additional Information
This card is quite versatile and doesn’t even need the physical card, as you can use it with digital wallets on your smartphone. In terms of security, BoA provides:
- Fraud prevention lock
- $0 liability for fraud
- Overdraft protection with Balance Connect
- Full card control via mobile app
- General account notifications
- Monitoring your FICO score
Thus, aside from the perks, it’s an excellent choice for managing your finances effectively.
Curious about another option?
The Capital One SavorOne card also emphasizes rewards, providing 1% back on all qualifying purchases and up to 3% in selected categories for daily spending.
Moreover, this card offers robust security features and convenience, and you can learn how to apply.
