HomeFinance9 Benefits of the Bank of America Unlimited Cash Rewards

9 Benefits of the Bank of America Unlimited Cash Rewards

The Bank of America® Unlimited Cash Rewards bank card affords middle-of-the-road rewards and commonplace bank card perks. But in the event you want just a little further time to pay on your purchases with out penalty, this card will get extra helpful. If you’re a Bank of America® loyalist who desires simple rewards and versatile redemption choices, this no-annual-fee card is a strong possibility.

Bank of America® Unlimited Cash Rewards Credit Card
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Here are some advantages of the Bank of America® Unlimited Cash Rewards bank card.

Flexible rewards

1. 1.5% again on every thing

Using the Bank of America® Unlimited Cash Rewards bank card, you’ll earn a limiteless 1.5% money again on every thing. Some flat-rate bank cards earn 2% again or extra, however you might need to pay an annual charge or leap by further hoops to get that heightened rewards fee.

2. Extra rewards in the event you’re a Preferred Rewards member

The Bank of America® Unlimited Cash Rewards bank card will get way more helpful in the event you preserve a big steadiness in Bank of America® or Merrill accounts. If you keep a complete steadiness of no less than $20,000, you may qualify for the Preferred Rewards program, which provides you further perks by the financial institution.

Along with waived charges and different banking advantages, Preferred Rewards members will earn 25% to 75% extra on bank card rewards, relying on the steadiness of your eligible Bank of America® accounts. For instance, in the event you qualify for top-tier advantages, you could possibly earn 2.625% again on all purchases with this card — a stellar fee for a card with a $0 annual charge.

3. Flexible redemption choices

Bank of America® provides you a number of methods to redeem your Bank of America® Unlimited Cash Rewards bank card rewards. You can redeem for an announcement credit score or as a deposit into an eligible Bank of America® or Merrill account. So in the event you financial institution with Bank of America®, you can use your rewards to cowl current purchases, enhance your financial savings or make investments for the future.

Introductory incentives

4. Sign-up bonus

The Bank of America® Unlimited Cash Rewards bank card has a strong sign-up bonus with a comparatively straightforward spending threshold. The issuer phrases it this fashion: $200 on-line money rewards bonus after making no less than $1,000 in purchases in the first 90 days of your account opening.

5. 0% intro APR on new purchases and steadiness transfers

With this card, you’ll get a reprieve on curiosity for over a yr. Here’s the supply: 0% intro APR for 15 billing cycles on purchases and steadiness transfers, after which the ongoing APR of 13.99% – 23.99% Variable APR. Note that you just’ll have to pay a charge of 3% or $10 (whichever is bigger) for any steadiness transfers.

If you’ve a big steadiness to switch, you could possibly rating a bank card with an extended introductory interval, like the BankAmericard® bank card, however you may have to sacrifice different perks to get it.

Visa Signature perks

6. Extended guarantee

7. Purchase safety

If you buy one thing together with your Bank of America® Unlimited Cash Rewards bank card, and the merchandise is stolen or broken in the first 90 days, you could possibly be reimbursed as much as $500 to interchange the merchandise. Learn extra about buy safety.

8. Lost baggage reimbursement

When you utilize the Bank of America® Unlimited Cash Rewards bank card to buy an airline ticket, you may be reimbursed for any misplaced baggage so long as you utilize this card to interchange the lacking gadgets.

9. Travel and emergency help

If you expertise an emergency, even in the event you’re touring overseas, this can assist you discover and entry the help you want. This contains medical referral help, emergency transportation help or emergency ticket substitute, regardless of the place you might be.

More about the card

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