Learn How to Apply for the BoA Unlimited Cash Rewards Card

Important Information to Consider Before Applying for the BoA Unlimited Cash Rewards Card

The Bank of America Unlimited Cash Rewards card, in partnership with Visa Signature, offers a generous 1.5% cash back reward on all purchases, along with additional benefits for Preferred Rewards members.

The Preferred program provides a variety of unique benefits.

When it comes to credit cards, you have the potential to increase the reward rate on each purchase to a range of 1.87% to 2.62%, which can have a significant impact on your finances.

To be eligible for this program, participants need to have a valid and active Bank of America account.

Furthermore, it is required that they uphold a cumulative average balance of $20,000 throughout a 3-month period, encompassing both deposit balances and Merrill investment accounts.

The Bank of America credit card is fee-free and offers a 15-month introductory APR period for balance transfers and purchases.

Subsequently, the interest rates vary, spanning from typical APRs of 18.24% to 28.24%. When it comes to balance transfers, the fee commences at 3% initially before rising to 4%.

The credit card also includes a **$200 sign-up bonus** for new customers who make purchases of $1,000 or more in the initial three months.

You have the option to exchange rewards that have no expiration date using different methods, including statement credit, deposits into your Bank of America account, shopping on Amazon.com, and PayPal.

To discover additional information, continue reading.

Who is Eligible to Apply?

To get started, there is no requirement to be an already existing customer of Bank of America in order to submit an application for the card. Once you receive the BoA Unlimited, a card account will be opened for you automatically.

To sign up for the Boa Unlimited program, applicants must be a minimum of 18 years old, but in some regions like Puerto Rico, the age requirement is 21.

The card’s benefits can be enjoyed in every state in America. Eligibility for the card requires being a US citizen or a foreign national with a valid passport and work visa.

Moreover, it is important that your credit report shows a favorable credit score, typically ranging from 670 to 700 FICO points.

Verifiable and legitimate proof of income will also be required for the card approval process.

Nevertheless, it is important to highlight that fulfilling these requirements does not ensure acceptance, as each request is ultimately dependent on Bank of America’s judgment and capacity.

What is the Process for Applying for the BoA Unlimited Cash Rewards Card?

The official website of Bank of America provides a prominent “Apply Now” button which guides interested individuals to the application form.

Upon reaching the application form, you will need to provide essential information including your first name, surname, address, phone number, and email address.

If you are already a Bank of America client, signing in can make the process more efficient. After that, you will be required to provide financial details such as your Social Security number, housing situation, monthly expenses, and earnings.

The bank usually requests these key pieces of information to carry out a comprehensive credit evaluation.

In the process of using the app, it may be necessary for you to provide various documents like verification of your address, a scanned version of your driver’s license or passport, and recent bank statements to confirm your income.

If you have any questions or face any challenges, feel free to contact the bank through the online chat or other customer service channels, such as the provided phone number.

Additional Information

The card is very extensive and can be used with smartphone digital wallets instead of the physical version. When it comes to security, BoA provides:

Create a list:

List item: Anti-fraud security lock.

Zero liability guarantee for unauthorized purchases

Ensure your account is always covered with Balance Connect for overdraft protection

Manage your cards easily using our mobile banking app.

List item: Receive notifications about your account status.

Continuous monitoring of your FICO score

Hence, apart from the incentives, it serves as an excellent choice specifically for overseeing finances.

Interested in exploring a different choice?

The emphasis of the Capital One SavorOne card is on its rewards program, providing 1% cash back on all eligible purchases and up to 3% in special categories for everyday expenses.

Moreover, this choice provides strong security measures and convenient features, along with instructions on how to submit an application.

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