Bank of America® Unlimited Cash Rewards credit card
vs. BankAmericard® Credit Card

Shield Insurance

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If you're looking for a Bank of America credit card with no annual fee and an introductory APR offer, you may be considering the Bank of America Unlimited Cash Rewards credit card and the BankAmericard Credit Card. The Unlimited Cash Rewards card is better for earning cash back, with a $200 bonus after spending $1,000 in the first 90 days and unlimited 1.5% cash back on all purchases. In contrast, the BankAmericard is more suitable for those seeking a longer no-interest period, offering 0% intro APR for 18 billing cycles on purchases and balance transfers, compared to 15 billing cycles for the Unlimited Cash Rewards card.

Credit Card logo for Bank of America® Unlimited Cash Rewards credit card
Bank of America® Unlimited Cash Rewards credit card
Credit Card logo for BankAmericard® Credit Card
BankAmericard® Credit Card
MoneyGeek Rating
4.3/ of 5
MoneyGeek Rating
4.4/ of 5
On Issuer's Site
On Issuer's Site

Bank of America® Unlimited Cash Rewards Credit Card vs. BankAmericard® Credit Card: Which Is Better for You?

You might prefer the Bank of America Unlimited Cash Rewards credit card if: You're interested in earning cash back on every purchase. With this card, you'll earn an unlimited 1.5% cash back on all purchases, which can add up quickly if you use your card for daily expenses. Additionally, there's a $200 cash back introductory offer after you spend $1,000 in the first 90 days, which is a nice bonus for new cardholders. The card also offers a 0% introductory APR for 15 billing cycles on both purchases and balance transfers, which can be helpful if you're planning a large purchase or want to move a balance from a high-interest card. However, keep in mind that a variable APR will apply after the introductory period.

You might prefer the BankAmericard Credit Card if: You're looking for a card with a longer introductory APR period to manage existing credit card debt or plan a significant purchase. This card offers a 0% intro APR for the first 18 billing cycles for purchases and balance transfers, giving you a longer window to pay off your balance without accruing interest. It's a solid choice if you're not as concerned with earning rewards but focused on saving on interest charges. Just like the Unlimited Cash Rewards card, it has no annual fee. However, it comes with balance transfer fees and foreign transaction fees, so it's best for domestic use and when you're not transferring balances frequently.

MoneyGeek's Take on the Bank of America® Unlimited Cash Rewards Credit Card

The Bank of America Unlimited Cash Rewards credit card is a straightforward choice for those who value simplicity in their rewards program. This card is a solid option for individuals with good to excellent credit. It offers a simple yet effective rewards structure, providing unlimited 1.5% cash back on all purchases. This card is particularly suitable for consumers who prefer not to keep track of rotating bonus categories or complex rewards systems.

The card boasts a $0 annual fee, making it a cost-effective choice for everyday use. Additionally, new cardholders can benefit from a $200 online cash rewards bonus after making at least $1,000 in purchases in the first 90 days of account opening. The introductory APR period on purchases and balance transfers can also provide breathing room for those looking to make large purchases or consolidate debt. Overall, the Bank of America Unlimited Cash Rewards credit card is a compelling option for those seeking uncomplicated cash back rewards.

Bank of America® Unlimited Cash Rewards credit card
Credit Card logo for Bank of America® Unlimited Cash Rewards credit card
MoneyGeek Rating
4.3/ of 5
On Issuer's Site

Regular APR
18.74% - 28.74% variable
0% APR Offer
0% for 15 billing cycles on purchases
Balance Transfer Offer
0% for 15 billing cycles on balance transfers
Rewards Summary
Earn 1.5% cash back
Recommended Credit
670–850 (Good to Excellent)

MoneyGeek's Take on the BankAmericard® Credit Card

The BankAmericard Credit Card benefits those looking to consolidate debt and enjoy a period of no interest on balances. This card is a solid choice if you're seeking a straightforward credit solution with no annual fee and an introductory 0% APR on purchases and balance transfers for the first 18 billing cycles. It's particularly well-suited for individuals with a credit score in the range of 670 to 850 (good to excellent) who can take full advantage of the card's balance transfer features. Although the card does not offer rewards, its value lies in the potential savings from balance transfer fees and the extended introductory APR period.

BankAmericard® Credit Card
Credit Card logo for BankAmericard® Credit Card
MoneyGeek Rating
4.4/ of 5
On Issuer's Site

Regular APR
15.74% - 25.74% variable
0% APR Offer
0% for the first 18 billing cycles
Balance Transfer Offer
0% for the first 18 billing cycles
Rewards Summary
N/A
Recommended Credit
670-850 (good to excellent)

Details Comparison: Bank of America® Unlimited Cash Rewards Credit Card vs. BankAmericard® Credit Card

Our breakdown will help compare APRs, fees, required credit, rewards, introductory offers and other features so you can identify which card aligns with your spending habits and financial goals — whether you seek a longer intro APR period or cash back on every purchase.

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    Regular APR

    The BankAmericard Credit Card offers a lower APR range, starting at 16.24%, compared to the Bank of America Unlimited Cash Rewards credit card's starting APR of 18.24%. This makes the BankAmericard Credit Card better for those seeking a lower regular APR.

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    Annual Fee

    Both cards have a $0 annual fee, making them equally attractive for users looking to avoid extra costs.

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    Introductory 0% APRs

    The BankAmericard Credit Card offers a longer introductory 0% APR period for purchases and balance transfers, lasting 18 billing cycles, compared to the Bank of America Unlimited Cash Rewards credit card's 15 billing cycles. This makes BankAmericard more favorable for those seeking to maximize their 0% APR period.

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    Rewards

    The Bank of America Unlimited Cash Rewards credit card offers better rewards, offering unlimited 1.5% cash back on all purchases. In contrast, the BankAmericard Credit Card does not offer rewards.

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    Welcome Offers

    The Bank of America® Unlimited Cash Rewards credit card is better for welcome offers, offering a $200 cash back bonus after $1,000 in purchases within the first 90 days. The BankAmericard Credit Card does not offer a welcome bonus.

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    Recommended Credit Score

    Both cards require a credit score in the range of 670 to 850, indicating they are targeted towards individuals with good to excellent credit. Neither card is better based on the recommended credit score, as both have the same credit score requirement.

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    Penalties and Fees

    The BankAmericard Credit Card is better for penalties and fees because it does not have a penalty APR. Both cards impose a late fee of up to $40. However, the Bank of America Unlimited Cash Rewards credit card includes a penalty APR of up to 29.99% variable, which the BankAmericard does not. Additionally, the Bank of America Unlimited Cash Rewards credit card charges a lower cash advance fee of 3% compared to BankAmericard's 5% cash advance fee.

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    Issuer Satisfaction

    The Bank of America Unlimited Cash Rewards credit card and the BankAmericard Credit Card are both issued by Bank of America and have the same issuer rating.

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    Other Features & Perks

    Neither card has distinctive perks that make one more advantageous over the other in terms of perks.

FAQ: Bank of America® Unlimited Cash Rewards Credit Card vs. BankAmericard® Credit Card

What are the main differences in rewards between the Bank of America® Unlimited Cash Rewards credit card and the BankAmericard® Credit Card?

Which card offers a longer introductory APR period on purchases?

Are there foreign transaction fees on either card?

What credit score is required for each card?

Can I avoid paying late fees with these cards?

About Doug Milnes, CFA


Doug Milnes, CFA headshot

Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.

Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.


*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
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