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

Essential Information Before Obtaining a Bank of America Unlimited Cash Rewards Credit Card

The Bank of America Unlimited Cash Rewards credit card stands out for its simplicity, eliminating complexities such as an annual charge, reward cap, or minimum redemption amount. This card offers a steady 1.5% cash back on any purchase you make, potentially extending up to 2.62%.

Card earnings can either be accounted for as credit card statement credits or moved into a linked Bank of America account.

The Bank of America Unlimited Rewards card bestows improved cash-back rates for clients who achieve Gold, Platinum, or Platinum Honors categorization within the Preferred Rewards program.

These preferred categories are based on maintaining unique investment assets with Merrill or deposit balances with Bank of America. Specifically, Gold Level requires a $50,000 asset investment, whereas Platinum Honors necessitates a $100,000 investment.

If you are comfortable placing your investments with Merrill, the Bank of America Unlimited Cash Rewards card becomes an exceptional option for daily cash-back.

Preferred Rewards program members having higher banking associations receive elevated rewards based on their level.

For cardholders of Gold, Platinum, or Platinum Honors rank, their cashback can be utilized for statement credits, transferred into Bank of America accounts, or accredited to eligible Merrill accounts at their convenience.

Who is Eligible to Apply?

Obtaining approval for this card might be tricky as it primarily targets customers with robust or exceptional credit scores of over 700.

However, Bank of America enables its customers to evaluate their prequalification for offers without it influencing a hard credit inquiry.

Bank of America extends its credit card to customers utilizing a variety of banking and financial advisory services.

For existing account holders, the application procedure becomes streamlined as the bank already holds necessary data and related information.

Alternatively, the bank also offers a card variant for non-customers. Alongside this, Bank of America adheres to basic eligibility criteria such as the applicant being at least 18 years old, holding legal U.S. status, and having a verifiable income source.

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

Like most cards, the application procedure for this credit card occurs online. If you use Bank of America’s online platform as a guest or non-account holder, then the process may take a longer time. The application will necessitate submitting key personal information.

The application process, although potentially lengthier as it targets individuals holding excellent credit, does not present significant difficulty.

A brief waiting period follows the application submission, allowing the bank to review the application and decide eligibility.

Generally, applicants will need to provide basic personal details like full name, phone number, residential address, and email address.

Income-related information will also be required, particularly regarding income sources and expenditure balance.

The bank also collects data about employment status to evaluate credit prospects for customers. During this process, the bank may ask for documentation proofing employment, address, and identity.

If you favor a classic approach, you can apply via phone by calling 800.932.2775. You can also use the priority code HC02NM.

Additional Details

The Bank of America card offers several security features and conveniences, including fraud detection, overdraft protection, and account alerts.

The card incorporates technology for in-app payments and can be integrated with digital wallets for added ease.

All aspects of card management can be completed through the bank’s mobile app.

Moreover, the Bank of America card offers a $200 bonus if you make at least $1,000 in purchases within the first 90 days of card receipt.

Considering Another Option?

The North American market boasts a vast selection of available credit cards, including the Discover It Cash Back Credit Card.

This brand is progressively asserting its place against other market leaders, offering a highly dependable card. More information about this product can be found online.

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