Discover the Steps to Apply for the BoA Unlimited Cash Rewards Card

Essential Insights Before Applying for the BoA Unlimited Cash Rewards Card

The Bank of America Unlimited Cash Rewards card, partnered with Visa Signature, offers a fantastic 1.5% cash back on all purchases, along with added benefits for those in the Preferred Rewards program.

The Preferred program brings a host of unique benefits.

In the world of credit cards, your reward rate can rise to between 1.87% and 2.62% per transaction, which can make a significant difference to your financial health.

To be eligible for this program, you need to have an active and qualifying Bank of America account.

Additionally, maintaining an average balance of $20,000 over three months, which includes deposits and Merrill investment accounts, is required.

The Bank of America card has no annual fee and offers a 15-month introductory APR for both balance transfers and purchases.

After that, interest rates vary, with standard APRs ranging from 18.24% to 28.24%. The fee for balance transfers starts at 3% and can increase to 4%.

The card also offers a $200 sign-up bonus for new applicants who spend a minimum of $1,000 in the first three months.

You can redeem rewards that never expire in various ways, including statement credits, deposits to your Bank of America account, Amazon.com purchases, and PayPal.

If you’re curious to learn more, keep reading.

Eligibility Criteria

You don’t need to be a current Bank of America customer to apply for this card. Once you receive the BoA Unlimited, a card account will be created for you.

To apply for the BoA Unlimited, you must be at least 18 years old, or up to 21 in certain regions like Puerto Rico.

Services associated with the card are available in all 50 states of the USA. To be eligible, you must be a US citizen or a foreign national with a valid passport and work visa.

Your credit history should show a good to excellent score, generally between 670 and 700 FICO points.

You will also need to provide verifiable income documents for the card approval.

It’s important to remember that fulfilling these requirements does not guarantee approval, as the final decision rests with Bank of America based on availability.

How to Apply for the BoA Unlimited Cash Rewards Card?

The Bank of America website features a convenient “Apply Now” button that guides potential applicants to the application form.

Upon reaching the application form, you’ll need to enter basic information like your first and last name, home address, contact number, and email.

If you’re already a Bank of America customer, logging in can make the process smoother. After that, you will need to provide banking details such as your Social Security number, housing type, monthly expenses, and income.

These are usually the essential details required by the bank, after which a comprehensive credit evaluation will be performed.

During the application, you may be asked to provide documentation like proof of residence, a scanned copy of your ID or passport, and recent bank statements to confirm your income.

If you have any questions or run into issues, you can contact the bank via online chat or other support options, including their phone number.

Further Information

The card is quite versatile and doesn’t even need a physical version, as you can use smartphone wallets. For your safety, BoA provides:

• Fraud prevention lock
• $0 liability for fraudulent charges
• Balance Connect for overdraft help
• Full card control via mobile app
• General account notifications
• FICO score tracking

In addition to rewards, it’s an excellent choice for managing your finances.

Interested in another option?

The Capital One SavorOne card emphasizes rewards, giving you 1% back on all purchases and up to 3% in select categories for regular spending.

Moreover, this option provides strong security and convenience features, and you can discover how to apply.

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