Unlimited 1.5% Cash Back on All Purchases Makes Earning Rewards Easy, Helps Optimize Spending
Preferred Rewards Members Could Earn up to 2.62% Cash Back
CHARLOTTE, N.C., July 19, 2021–(BUSINESS WIRE)–Bank of America today announced the launch of the Bank of America Unlimited Cash Rewards credit card, which allows clients to earn unlimited 1.5% cash back on all purchases. This new credit card is the latest among Bank of America’s suite of rewards cards, each designed to fit a variety of clients’ needs.
“We heard from our clients that they want earning rewards on their credit card to be uncomplicated,” said Jason Gaughan, credit card executive at Bank of America. “With our new Unlimited Cash Rewards card, we’ve made earning cash back on all purchases even easier, and are helping clients optimize their spending.”
Unlimited Cash Rewards Features – Clients will automatically earn 1.5% cash back on all purchases, with no limit on the amount of cash back earned. Cash rewards don’t expire, and redemption is simple: clients can redeem their cash back for any amount, at any time for statement credits or deposits directly into a Bank of America checking or savings account, or for credit to an eligible account with Merrill. The Unlimited Cash Rewards card has no annual fee.