Discover the Process to Apply for the BoA Unlimited Cash Rewards Card
The BoA Unlimited, true to its name, emphasizes rewarding benefits 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, in partnership with Visa Signature, offers an unlimited 1.5% cash back on all purchases, along with special benefits for those enrolled in Preferred Rewards.
CREDIT CARD
BoA Unlimited Cash Reward
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The Preferred program provides numerous exclusive benefits.
In the realm of credit cards, your reward rate can rise to between 1.87% and 2.62% per purchase, which could make a big difference in your financial situation.
To be eligible for this program, applicants must have an active and qualifying Bank of America account.
Additionally, a combined average balance of $20,000 must be maintained over three months, which can include both deposit balances and Merrill investment accounts.
The Bank of America card has no annual fee and offers a 15-month introductory APR on balance transfers and purchases.
After this period, interest rates vary, ranging from a standard APR of 18.24% to 28.24%. Balance transfers carry an initial fee of 3% that rises to 4% thereafter.
The card also offers a $200 sign-up bonus for new applicants who spend at least $1,000 within the first three months.
You can redeem rewards that never expire through various options, including statement credits, deposits into your Bank of America account, purchases on Amazon.com, and PayPal.
If you’re curious to learn more, keep reading.
Who is Eligible to Apply?
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 will be automatically created for you.
Eligibility criteria for the BoA Unlimited include being a minimum of 18 years old, or up to 21 in certain regions, like Puerto Rico.
The card’s services are available in all 50 states across the U.S. To be eligible, you must either be a U.S. citizen or a foreign national with a valid passport and work visa.
Your credit history should ideally show a good to excellent score, usually between 670 and 700 on the FICO scale.
You will also need to provide verifiable income documentation as part of the card approval process.
Keep in mind that fulfilling these requirements does not ensure approval, as every application is evaluated at the discretion of Bank of America based on availability.
How to Apply for the BoA Unlimited Cash Rewards Card?
On the Bank of America website, there’s a “Apply Now” button that leads you directly to the application form.
When you open the application form, you’ll need to provide essential information such as your first name, last name, home address, phone number, and email.
If you’re already a Bank of America customer, logging in can simplify your application. After that, you’ll need to supply banking details including your Social Security number, housing status, monthly expenses, and income.
These are usually the main details the bank requests, after which they will perform a detailed credit evaluation.
During the application process, you may be asked to provide documentation like proof of address, a scanned ID such as your driver’s license or passport, and current bank statements to verify your income.
If you have questions or run into issues, feel free to contact the bank via their online chat or other support options, including the phone number provided.
CREDIT CARD
BoA Unlimited Cash Reward
Did you find the terms appealing? Apply today.n
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Additional Information
This card offers convenience without needing a physical card, as you can use smartphone digital wallets. For security, BoA provides:
- Fraud prevention lock
- $0 liability for fraud
- Balance Connect for overdraft help
- Full control via mobile banking
- Account alerts
- FICO score tracking
Thus, beyond just rewards, it’s an excellent choice for managing finances effectively.
Interested in another choice?
The Capital One SavorOne is also centered on rewards, providing 1% back on all purchases and up to 3% in specific categories for daily spending.
Moreover, this card offers solid security and convenient features, and you can discover how to apply.
