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Our consultants reply readers' bank card questions and write unbiased product evaluations (here is how we assess bank cards). In some circumstances, we obtain a fee from our companions; nonetheless, our opinions are our personal. Phrases apply to gives listed on this web page.
Financial institution of America® Limitless Money Rewards Credit score Card
Intro supply
$200 on-line money rewards bonus after making at the least $1,000 in purchases within the first 90 days from account opening
Rewards
Earn limitless 1.5% money again on all purchases.
Financial institution of America® Limitless Money Rewards Credit score Card
Intro supply
$200 on-line money rewards bonus after making at the least $1,000 in purchases within the first 90 days from account opening
Rewards
Earn limitless 1.5% money again on all purchases.
On Financial institution of America's web site
Financial institution of America® Limitless Money Rewards Credit score Card
Particulars
Rewards
Earn limitless 1.5% money again on all purchases.
Intro supply
$200 on-line money rewards bonus after making at the least $1,000 in purchases within the first 90 days from account opening
Beneficial Credit score
Good to Glorious
Common Annual Proportion Fee (APR)
17.49% - 27.49% Variable
Intro Annual Proportion Fee (APR)
0% intro APR for the primary 18 billing cycles on purchases and on any steadiness transfers made within the first 60 days
Execs & Cons
Highlights
Further Studying
Money-back bank cards are available in all flavors, from no-annual-fee playing cards that earn a flat rewards price throughout all purchases to people who supply larger earnings in rotating or personalized bonus classes. The Financial institution of America® Limitless Money Rewards Credit score Card is likely one of the best cash-back playing cards to make use of, with a easy rewards construction, aggressive welcome bonus supply, and beneficiant intro APR.
Financial institution of America Limitless Money Rewards Evaluation: Is It the Finest Credit score Card for You?
New cardholders begin off with a $200 on-line money rewards bonus after making at the least $1,000 in purchases within the first 90 days from account opening. You will earn 1.5% money again on all purchases with no limits, and there isn't any annual price. And in case you're a Financial institution of America Most well-liked Rewards buyer, you possibly can earn 25% to 75% more money again with the cardboard, relying in your rewards tier.
If in case you have massive bills developing you possibly can't repay unexpectedly, otherwise you wish to consolidate different bank card debt, the Financial institution of America® Limitless Money Rewards Credit score Card can prevent cash on curiosity. You will obtain a 0% intro APR for the primary 18 billing cycles on purchases and on any steadiness transfers made within the first 60 days, adopted by a 17.49% - 27.49% Variable APR.
That mentioned, in case you're in search of a bank card with journey and buy protections or need a variety of reward redemption choices, this card might be not your best option. As a substitute, you would possibly wish to take a look at different no-annual-fee playing cards, just like the Chase Freedom Limitless®, which gives sturdy incomes charges and extra advantages.
There are additionally a number of playing cards that earn a better price of rewards throughout all purchases. For example, the Wells Fargo Lively Money® Card earns 2% money rewards on purchases and comes with a welcome bonus supply of a $200 money rewards bonus after spending $1,000 in purchases within the first three months from account opening.
Examine our prime picks for one of the best money again bank cards
Finest card for on a regular basis spending
Earn 5% money again on Chase journey bought via Final Rewards®, 3% money again on drugstore purchases and eating at eating places, together with takeout and eligible supply service, and limitless 1.5% money again on all different purchases.
Finest card for eating, groceries, and leisure with no annual price
Earn 10% money again on purchases made via Uber & Uber Eats, plus complimentary Uber One membership assertion credit via 11/14/2024. Earn 8% money again on Capital One Leisure purchases. Earn limitless 5% money again on inns and rental vehicles booked via Capital One Journey. Earn limitless 3% money again on eating, leisure, common streaming providers and at grocery shops (excluding superstores like Walmart® and Goal®). Earn 1% money again on all different purchases.
Finest card for steadiness transfers
Earn 2% on each buy with limitless 1% money again if you purchase, plus an extra 1% as you pay for these purchases.
Finest card for rotating cash-back classes
Earn 5% money again on on a regular basis purchases at completely different locations every quarter like Amazon.com, grocery shops, eating places, and gasoline stations as much as the quarterly most if you activate. Earn limitless 1% money again on all different purchases routinely.
Finest card for rotating classes and versatile redemptions
5% money again on as much as $1,500 in mixed purchases in bonus classes every quarter you activate. 5% money again on journey bought via Chase Final Rewards®. 3% money again on drugstore purchases and eating at eating places, together with takeout and eligible supply service, and limitless 1% money again on all different purchases.
Finest card for routinely customizing rewards
Earn 5% money again on purchases in your prime eligible spend class every billing cycle, as much as the primary $500 spent, 1% money again thereafter. Earn limitless 1% money again on all different purchases.
Finest card for selecting your personal money again classes
Earn 5% money again in your first $2,000 in mixed eligible purchases every quarter on two classes you select. Earn 5% money again on pay as you go air, resort and automobile reservations booked immediately within the Rewards Heart. Earn 2% money again on one on a regular basis class, like Fuel Stations/EV Charging Stations, Grocery Shops or Eating places. Earn 1% money again on all different eligible purchases.
Finest card for honest or common credit score
Earn limitless 1.5% money again on all buy
Finest card for decrease credit score scores
Earn 2% money again at Fuel Stations and Eating places on as much as $1,000 in mixed purchases every quarter. Earn 1% limitless money again on all different purchases
Earn limitless 3% money again on eating, leisure, common streaming providers and at grocery shops. Earn 1% money again on all different purchases.
Financial institution of America Limitless Money Rewards Credit score Card Incessantly Requested Questions (FAQ)
The Financial institution of America® Limitless Money Rewards Credit score Card is value it in case you're in search of a no-frills cash-back card with an excellent bonus, incomes price, and intro APR supply. And in case you're a Financial institution of America Most well-liked Rewards buyer, it may be significantly priceless as a result of you possibly can earn as much as 75% extra rewards, relying in your rewards tier. There are different no-annual-fee cash-back playing cards which may be a greater match, nonetheless, just like the Wells Fargo Lively Money® Card.
To be permitted for the Financial institution of America® Limitless Money Rewards Credit score Card, it is best to have at the least an excellent credit score rating — that means a FICO rating of 670 or larger.
In the event you're under the urged credit score rating to be permitted for the Financial institution of America® Limitless Money Rewards Credit score Card, you should definitely learn our guides to the finest bank cards for common credit score and for below-average credit to seek out different good card choices. And in case you're a pupil, take a look at the Financial institution of America® Limitless Money Rewards Credit score Card for College students
, which has a lot of the similar options because the common model of the cardboard.
The Financial institution of America® Limitless Money Rewards Credit score Card is a Visa Signature card.
The Financial institution of America® Limitless Money Rewards Credit score Card earns a flat 1.5% again on all purchases, whereas the Financial institution of America® Custom-made Money Rewards Credit score Card earns 3% again in a single class of your selecting every month (issues like eating, journey, gasoline, and so forth.), 2% again at grocery shops and wholesale golf equipment, and 1% again on all the pieces else. Be aware that you're going to solely earn bonus money on as much as $2,500 spent per quarter — you will then earn simply 1%.
The Financial institution of America® Limitless Money Rewards Credit score Card comes with a 0% intro APR for the primary 18 billing cycles on purchases and on any steadiness transfers made within the first 60 days (then 17.49% - 27.49% Variable APR).
The Financial institution of America® Limitless Money Rewards Credit score Card is an efficient bank card for its meant demographic — that's, these tired of journey and in search of an uncomplicated money again rewards construction.
Financial institution of America Limitless Money Rewards Money Again
BoA Limitless Money Rewards welcome bonus
New Financial institution of America® Limitless Money Rewards Credit score Card cardholders can earn $200 on-line money rewards bonus after making at the least $1,000 in purchases within the first 90 days from account opening. That is on par with competing no-annual-fee playing cards that earn money again.
earn money again with the Limitless Money Rewards card
The Financial institution of America® Limitless Money Rewards Credit score Card earns 1.5% money again on all purchases. There are not any rewards caps or fussy bonus classes to maintain monitor of.
This card turns into much more compelling in case you're a Financial institution of America Most well-liked Rewards buyer. The quantity you could have on deposit with Financial institution of America or invested with Merrill (Financial institution of America's wealth administration division) determines your membership tier, which in flip offers you a bonus on the rewards you earn. On the highest stage, you could possibly earn a whopping 2.625% money again on all purchases, which is a superb price of return for a no-annual-fee bank card.
use money again from the BofA Limitless Money Rewards Card
With the Financial institution of America® Limitless Money Rewards Credit score Card, you have solely obtained a number of redemption choices:
- Assertion credit to your bank card
- Deposits made immediately right into a Financial institution of America checking or financial savings account
- Credit to a qualifying Merrill Money Administration Account
- Credit to a qualifying 529 account with Merrill
There isn't any minimal quantity for one-time redemptions as assertion credit, deposits to BoA checking/financial savings accounts, or to qualifying Merrill Money Administration Accounts. Nevertheless, deposits to 529 accounts, in addition to automated redemptions (out there for checking/financial savings deposits or Money Administration Account deposits solely) have a minimal $25 redemption quantity.
So long as your account is open and in good standing, your rewards will not expire.
Financial institution of America Limitless Money Rewards Advantages and Options
The Financial institution of America® Limitless Money Rewards Credit score Card would not have a ton of additional perks, however there are a number of value noting.
Introductory 0% APR
New Financial institution of America® Limitless Money Rewards Credit score Card cardholders obtain a 0% intro APR for the primary 18 billing cycles on purchases and on any steadiness transfers made within the first 60 days (then a 17.49% - 27.49% Variable APR). This is likely one of the longer steadiness switch card gives out there proper now, and might be an awesome software in case you're seeking to switch high-interest balances from different playing cards, or simply have purchases developing you wish to repay over a number of billing cycles.
Utilizing a 0% APR supply may give you some monetary respiration room, however there is a danger concerned. In the event you're not in a position to repay your total steadiness earlier than the introductory interval expires, you could possibly wind up with extra high-interest debt.
Free FICO rating
Main Financial institution of America® Limitless Money Rewards Credit score Card cardholders can entry their FICO rating totally free via Financial institution of America on-line banking, its cellular web site, or its cellular banking app for iPhone and Android. Most bank cards now supply free credit score scores, however in case you do not have already got a card with this function it is a helpful software.
Overdraft safety
Financial institution of America gives an elective Stability Join overdraft safety function that lets you hyperlink your eligible Financial institution of America deposit account to your Financial institution of America® Limitless Money Rewards Credit score Card. Whenever you choose into this service, Financial institution of America will routinely switch funds out of your bank card account to cowl overdrafts in your deposit account, so long as you could have credit score out there in your bank card. There are not any overdraft charges for this service, however you will be topic to curiosity on the money advance.
Cellular pockets
You'll be able to add your Financial institution of America® Limitless Money Rewards Credit score Card to digital wallets like Apple Pay, Google Pay, or Samsung Pay to make use of for in-person, on-line, or in-app transactions. Your precise card quantity is not saved in your machine or shared with most retailers, so this could be a safer and handy option to make purchases.
$0 legal responsibility assure
In case your Financial institution of America® Limitless Money Rewards Credit score Card is misplaced, stolen, or in any other case compromised, you will not be held accountable for fraudulent or unauthorized transactions so long as you report the problem promptly.
Financial institution of America® Limitless Money Rewards Credit score Card
Intro supply
$200 on-line money rewards bonus after making at the least $1,000 in purchases within the first 90 days from account opening
Rewards
Earn limitless 1.5% money again on all purchases.
Financial institution of America® Limitless Money Rewards Credit score Card
Intro supply
$200 on-line money rewards bonus after making at the least $1,000 in purchases within the first 90 days from account opening
Rewards
Earn limitless 1.5% money again on all purchases.
On Financial institution of America's web site
Financial institution of America® Limitless Money Rewards Credit score Card
Particulars
Rewards
Earn limitless 1.5% money again on all purchases.
Intro supply
$200 on-line money rewards bonus after making at the least $1,000 in purchases within the first 90 days from account opening
Beneficial Credit score
Good to Glorious
Common Annual Proportion Fee (APR)
17.49% - 27.49% Variable
Intro Annual Proportion Fee (APR)
0% intro APR for the primary 18 billing cycles on purchases and on any steadiness transfers made within the first 60 days
Execs & Cons
Highlights
Further Studying
Financial institution of America Limitless Money Rewards Annual Price and Different Prices
The Financial institution of America® Limitless Money Rewards Credit score Card has a $0 annual price, however there are different charges to concentrate on. It is not an excellent card to make use of in case you're touring overseas, as a result of it provides international transaction charges of three% on worldwide purchases.
You will additionally obtain 0% intro APR for the primary 18 billing cycles on purchases and on any steadiness transfers made within the first 60 days (then 17.49% - 27.49% Variable). That is a higher-than-usual 0% curiosity window, so it is nice in case you foresee an upcoming expense that you simply will not have the ability to repay for a number of months.
As with most different bank cards, there are charges for different actions, together with:
- Stability transfers: 3% of the quantity of every transaction
- Money advances: Direct deposit and verify money advances – 3% of the quantity of every transaction; ATM, over-the-counter, same-day on-line, and money equal money advances – 5% of the quantity of every transaction
- Late funds: As much as $40
Financial institution of America Limitless Money Rewards vs Financial institution of America Custom-made Money Rewards
*On the Financial institution of America® Custom-made Money Rewards Credit score Card, earn 3% and a couple of% money again on as much as the primary $2,500 spent in these classes mixed every quarter, then 1% money again
***Eligible Financial institution of America® Custom-made Money Rewards Credit score Card 3% classes are gasoline, on-line procuring, eating, journey, drug shops, or dwelling enchancment/furnishings
How the Financial institution of America Limitless Money Rewards Card Compares
Methodology: How we reviewed the Financial institution of America Limitless Money Rewards
The Financial institution of America® Limitless Money Rewards Credit score Card is a purely cash-back-earning bank card. We arrived at its star ranking of three.9 out of 5 by evaluating its advantages, incomes price, welcome bonus, and annual price to different direct rivals.
You'll be able to examine how we price bank cards at Insider for a better take a look at our methodology.
Prime Provides From Our Companions
UFB Most well-liked Financial savings
Earn as much as 5.02% APY in your financial savings. No month-to-month upkeep charges. No minimal deposit required to open an account.
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