Update: We got this already in a prior post from a few months back, sorry for the double post
The Offer
Bank of America added a new component to the signup bonus on the Unlimited Cash Rewards card:
- New Offer: Unlimited 2% cash back – Earn 2% cash back on purchases for the first year from account opening. Thereafter, you’ll earn unlimited 1.5% cash back on all purchases. No limit to the amount of cash back you can earn.
- Get $200 signup bonus after you spend $1,000 within 90 days.
- 0% Intro APR for your first 15 billing cycles for purchases, and for any balance transfers made within the first 60 days of opening your account.
Card Details
- No annual fee
- 3% foreign transaction fee
- Card earns 1.5% cash back on all purchases with no limit. Preferred Rewards Platinum Honors members will earn 2.62% on all purchases. Rewards do not expire.
- Cash rewards can be redeemed as a statement credit to your credit or a deposit to your Bank of America checking, savings, or Merrill investing account.
- Low Introductory APR Offer of 0% APR for your first 15 billing cycles for purchases, and for any balance transfers made within 60 days of opening your account. After that, a Variable APR that’s currently 13.99% to 23.99% will apply. 3% fee (min $10) applies to balance transfers.
Our Verdict
This card launched back in 2021 with the $200 signup bonus, and they’ve now added the extra .5% unlimited cashback during the first year. At the basic level this earns 1.5%+.5 = 2% which isn’t especially exciting.
More interesting is that this would amount to 3.12% unlimited cashback during the first year for those who are BofA top-tier relationship customers since the card earns 2.62% for them, and adding the .5% yields a 3.12% return. That will interest many people.
Check out these Things To Know About Bank of America credit cards before applying. We’ll add this to our List of Best Current Credit Card Signup Bonuses.
Hat tip to reader Cc
