Discover the Process for Applying to the BoA Unlimited Cash Rewards Card
The BoA Unlimited, true to its name, is dedicated to offering appealing rewards that remain valid for the entire duration of the card; discover the application process.
Essential Insights Before Applying for the BoA Unlimited Cash Rewards Card
The Bank of America Unlimited Cash Rewards card, partnered with Visa Signature, offers an unlimited 1.5% cash back on every purchase, plus special benefits for Preferred Rewards members.
The Preferred program provides a selection of unique benefits.
With this card, you can boost your rewards to between 1.87% and 2.62% on every transaction, which can greatly enhance your financial situation.
To be eligible for this program, applicants must have an active Bank of America account.
Additionally, maintaining a combined average balance of $20,000 over three months is necessary, which can include deposit and Merrill investment accounts.
The Bank of America card has no annual fee and offers a 15-month introductory APR for both purchases and balance transfers.
After the introductory period, the interest rates vary, with standard APRs between 18.24% and 28.24%. Balance transfer fees start at 3% and can rise to 4% thereafter.
The card also offers a $200 sign-up bonus for new applicants who spend at least $1,000 in the first three months.
Rewards can be redeemed without expiration through various options like statement credits, deposits into your Bank of America account, or purchases on Amazon.com and PayPal.
For more details, keep reading.
Eligibility Criteria
Initially, you don’t need to be a Bank of America client to apply for the card. When you receive the BoA Unlimited, a card account will be created for you.
Eligibility for the BoA Unlimited requires that you are at least 18 years old, or up to 21 in specific regions like Puerto Rico.
Services associated with the card are available throughout all 50 states in the USA. To be eligible for this card, you must either be a US citizen or a foreign national possessing a valid passport and work visa.
Your credit history should ideally show a good to excellent rating, usually between 670 and 700 FICO points.
Official income documentation that can be verified will also be required during the card approval process.
Still, it’s important to remember that fulfilling these requirements doesn’t guarantee approval, as each application is evaluated based on the discretion of Bank of America and their availability.
How Can I Apply for the BoA Unlimited Cash Rewards Card?
You can find an “Apply Now” button on the Bank of America website that leads you to the application form.
When you reach the application form, you will need to provide basic information like your first name, last name, home address, phone number, and email.
If you are already a Bank of America customer, logging in can help speed things up. After that, you will need to provide financial details such as your Social Security number, living situation, monthly expenses, and income.
These are generally the main details required by the bank, which will then perform a comprehensive credit evaluation.
During the application process, you may be asked to provide documentation like proof of address, a scanned copy of your driver’s license or passport, and recent bank statements to confirm your income.
If you have questions or run into any issues, you can contact the bank through online chat or other customer support options, including their phone number.
Additional Information
This card is quite versatile and even allows you to use digital wallets on your smartphone, negating the need for a physical card. Regarding security, BoA provides:
- Fraud prevention lock
- $0 liability guarantee for fraud
- Overdraft protection via Balance Connect
- Full card control with mobile banking
- Account alerts
- Monitoring for FICO scores
In addition to rewards, this option is truly beneficial for managing finances.
Interested in another choice?
The Capital One SavorOne card is also geared towards rewards, providing 1% back on all eligible purchases and up to 3% for certain categories you use daily.
Plus, with this option, you can expect strong security and convenience features, and you can discover how to apply.
