Bank of America Unlimited Cash Rewards
By Alex Compton · Last verified
1.5% that grows to 2.62% with Preferred Rewards.
Welcome Bonus
$250
≈$250 value
Spend Requirement
$1,000
in 3 months
Annual Fee
$0
3% FTF
Credit Score
670+
(Good)
Current offer note: $250 online cash rewards bonus, raised from $200
Historical Offers Chart
Every public offer change we've tracked. Hover for details, timing your application is worth hundreds of dollars.
Apply now or wait?
Apply nowThis is the best public offer this card has ever had. In 4 tracked offers going back to 2021, nothing has beaten $250.
Current offer
$250
All-time high
$250
Typical offer
$200
In place since
August 2026
| Observed | Offer | Requirement | What changed | Evidence |
|---|---|---|---|---|
| 2026-08 | $250 | $1,000 in 3 mo | Bonus increased: $200 → $250Raised to a $250 bonus | Archive record · no attached snapshot |
| 2026-06 | $200 | $1,000 in 3 mo | Terms reconfirmed | Archive record · no attached snapshot |
| 2024-01 | $200 | $1,000 in 3 mo | Terms reconfirmed | Archive record · no attached snapshot |
| 2021-07 | $200 | $1,000 in 3 mo | Earliest recordLaunch | Archive record · no attached snapshot |
Primary-source verification log
Append-only evidence ledgerEvent-level primary-source attachments begin with the September 2026 verification system. Older records remain visible but are not retroactively presented as evidenced.
Source checked 2026-08-31 · spot an outdated offer? Report a correction above.
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Earning Rates
- 1.5xAll purchases
Credits
No statement credits, this card wins on earn rates, not coupons.
Benefits
- ✦Preferred Rewards boosts cash back up to 75%
- ✦No caps, no categories, no activation
Why it earns its spot
- +2.62% flat with Platinum Honors beats every 2% card
- +Zero maintenance
Where it costs you
- −Plain 1.5% without Preferred Rewards trails 2% cards
- −3% FTF
The Compound Verdict
This card exists for one customer: the Preferred Rewards Platinum Honors member. For them, 2.62% on everything is unbeatable. For everyone else, a 2% card wins, though the welcome bonus rising to $250 as of August 2026 sweetens the on-ramp either way.
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