Learn How to Apply for a Bank of America Unlimited Cash Rewards Credit Card

What do I need to know before applying for a Bank of America Unlimited Cash Rewards Credit Card

The Bank of America Unlimited Cash Rewards credit card stands out for its simplicity. Devoid of an annual fee, reward cap, or minimum redemption amount, the card provides an unlimited 1.5% cash back on all purchases, reaching up to 2.62%.

These earnings can be redeemed as a credit to a credit card statement or transferred to a connected Bank of America account.

The Bank of America Unlimited Rewards card offers enhanced cash-back rates for customers reaching Gold, Platinum, or Platinum Honors levels in the Preferred Rewards program.

Qualification for these levels involves maintaining specified investment assets with Merrill or deposit balances with Bank of America. Gold Level requires $50,000 in assets, while Platinum Honors demands $100,000.

For those willing to hold investments at Merrill, the Bank of America Unlimited Cash Rewards card becomes a top-tier daily cash-back option.

Preferred Rewards program participants with higher banking relationships receive greater rewards based on their tier.

Cardholders at Gold, Platinum, or Platinum Honors levels can use their cashback for statement credits, deposits into Bank of America accounts, or credits to eligible Merrill accounts at any time.

Who can Apply?

Approval for the card may pose a challenge as it caters to consumers with robust to outstanding credit scores (above 700).

However, Bank of America permits customers to assess their prequalification for offers without undergoing a hard credit inquiry.

Bank of America offers its credit card to customers who use various banking and investment assistance services.

For those who already have an account, the process is streamlined as the bank already has the necessary data and information.

However, they also provide the option of a card for non-customers. Additionally, Bank of America follows basic requirements such as being 18 years old, having legal status in the U.S., and providing verifiable income.

How do I Apply for the Bank of America Unlimited Cash Rewards Credit Card?

Similar to most other cards, the application process for this credit card is conducted online. Applying on Bank of America’s website as a guest may take longer if you already possess a BOA login. Providing certain personal information will be necessary.

The application procedure, although slightly more time-consuming due to it being a credit card for individuals with excellent credit, is not excessively challenging.

Following submission, a brief waiting period is required for them to assess the case and determine card eligibility.

In general, the customer needs to provide basic personal information such as their full name, phone number, complete residential address, and email address.

Income-related data will be requested, particularly in terms of income amounts and a balance of expenditures.

The collection of information regarding employment status is precisely to assess credit possibilities for customers. Throughout the process, the bank may also request documentation as proof of employment, address, and identification.

For those who prefer a more traditional approach, the application can also be submitted by calling 800.932.2775. It is possible to use also the priority code HC02NM.

More Details

The Bank of America card comes with a range of security features and conveniences, including fraud detection, overdraft protection, and account alerts.

In terms of connectivity, the card features technology for in-app payments and integration with digital wallets for added convenience.

The entire card management process can be done directly through the bank’s mobile app.

Furthermore, in terms of benefits, the Bank of America card offers a $200 bonus after making at least $1,000 in purchases within the first 90 days of receiving the card.

Want to learn about another option?

The North American market provides a wide array of credit cards, including the Discover It Cash Back Credit Card.

The brand is steadily establishing itself to compete with other industry giants, offering a highly reliable card. Customers can find more information about the product.

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