The Bank of America® Unlimited Cash Rewards credit card is a great, no-fuss cash back card with unlimited 1.5% cash back on all purchases. An introductory 0% APR offer and no annual fee add to its appeal. However, the increased balance transfer fee after the initial period and the card's foreign transaction fee may be dealbreakers for some consumers.
Bank of America customers with significant deposit balances may be excited by the higher cash back rates available through the Preferred Rewards program. However, the $20,000 minimum deposit threshold to qualify may not be attainable for all.
Overall, this card is a solid choice for those who value uncomplicated cash back and are already Bank of America customers.