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

Key Points Before Applying for the BoA Unlimited Cash Rewards Card

The Bank of America Unlimited Cash Rewards card, in partnership with Visa Signature, offers an unlimited 1.5% cashback on every purchase, along with extra benefits for Preferred Rewards members.

The Preferred program provides a host of unique benefits.

In the credit card market, you can boost your rewards rate to between 1.87% and 2.62% for each transaction, which can greatly affect your finances.

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

Additionally, maintaining a combined average balance of $20,000 over 3 months is required, which includes deposit accounts or Merrill investment accounts.

The Bank of America card comes with no annual fee, plus a 15-month introductory APR for both purchases and balance transfers.

After that, the interest rates can vary, ranging from standard APRs of 18.24% to 28.24%. For balance transfers, the initial fee is 3%, which increases to 4% later on.

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

You can redeem rewards that don’t expire through multiple options, such as statement credits, transfers to your Bank of America account, Amazon.com purchases, or PayPal.

If you’re curious to learn more, just keep 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, a card account is automatically opened for you.

Eligibility requirements for the BoA Unlimited include being at least 18 years old, or up to 21 in some states, like Puerto Rico.

The card’s benefits are available in all 50 states across the USA. To be eligible, you need to be a US citizen or a foreign national with valid identification and a work visa.

Your credit history should ideally show a score ranging from good to excellent, typically between 670 to 700 FICO points.

You’ll also need to provide verifiable income documentation for the approval process.

Keep in mind that fulfilling these requirements doesn’t guarantee approval, as each application is evaluated based on Bank of America’s policies and availability.

How to Apply for the BoA Unlimited Cash Rewards Card?

The Bank of America site features an “Apply Now” button that leads you directly to the application form.

When you get to the application form, you’ll need to enter your full name, last name, address, phone number, and email.

If you’re already a Bank of America customer, logging in can make the process faster. After that, you’ll be asked for banking details, including your Social Security number, living situation, monthly expenses, and income.

These are the key details the bank will require to conduct a detailed credit evaluation.

Throughout the application, you may need to provide documents such as proof of address, a scanned copy of your driver’s license or passport, and current bank statements to confirm your income.

If you have any questions or face issues, feel free to contact the bank through their online chat or other customer support options, including their phone number.

Additional Information

This card is very versatile, allowing you to use it without needing a physical card, as it’s compatible with digital wallets on your smartphone. Regarding security, BoA provides:

• Fraud prevention lock
• $0 liability for fraud
• Balance Connect for overdraft
• Full control via mobile banking
• Account alerts
• Monitoring your FICO score

Thus, beyond just rewards, this serves as an excellent choice for managing finances effectively.

Curious about another choice?

The Capital One SavorOne is also centered on rewards, providing 1% back on all eligible purchases and as much as 3% in select categories for daily spending.

Moreover, this option ensures robust security and convenience features, plus you can discover how to apply.

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