Financial institution of America Limitless Money Rewards

Overview

Should you prefer to earn regular money rewards, look no additional than Financial institution of America^® Limitless Money Rewards bank card. It’s a no-annual-fee bank card that awards cardholders flat 1.5% money again on all purchases. As well as, Financial institution of America Limitless Money Rewards bank card offers out a $200 sign-up bonus after you make certified purchases. Plus, you may get pleasure from 0% curiosity on purchases and qualifying steadiness transfers for 15 billing cycles.

Card Advantages

$200 Money Again Bonus

Cardholders of Financial institution of America Limitless Money Rewards bank card will earn $200 money bonus after spending $1,000 within the first 90 days of account opening. Incomes the $200 bonus is like getting a 20% low cost in your first $1,000 in purchases. It’s a simple option to put more money again in your pocket.

Money Rewards

Along with the welcome bonus, you’ll earn money again rewards in every single place you go. Financial institution of America Limitless Money Rewards bank card pays you limitless 1.5% flat-rate money again on purchases. On your money rewards, there are not any rotating spending classes to maintain observe of. There isn’t a restrict to the amount of money again you may earn and your rewards by no means expire. You may redeem your money again for any quantity, anytime for assertion credit and deposits made instantly into your Financial institution of America checking or financial savings account.

For instance, should you spend $30,000 on the cardboard in a yr, you’ll obtain $450 money again rewards. You should utilize our money rewards calculator to learn how a lot money again rewards chances are you’ll obtain.

Spending on All Purchases	$30,000
Money Rewards (at 1.5% Money Again)	$450
Internet Spending (after Money Again)	$29,550

0% Curiosity for 15 billing cycles

Financial institution of America Limitless Money Rewards bank card lets you may have 0% curiosity on purchases and qualifying steadiness transfers for 15 billing cycles. After the introductory interval, the go-to price of 18.24% – 28.24% variable applies.

With 0% intro APR on purchases, you may cost costly purchases to the cardboard now and repay the steadiness 15 months later. So long as you make minimal funds proven in your credit-card statements each month, you’ll not should pay any curiosity or charges for 15 months.

Moreover, you may have 0% curiosity on steadiness transfers made within the first 60 days, which lets you switch current steadiness of different bank cards to your new Financial institution of America Limitless Money Rewards bank card. On this means, it can save you cash on curiosity charges by paying off present credit-card steadiness every now and then paying no curiosity for 15 months on the Financial institution of America Limitless Money Rewards bank card.

Financial savings on Stability Transfers

For every steadiness switch, there’s a one-time transaction price of three% of the quantity of every steadiness switch. The steadiness switch charges of Financial institution of America Limitless Money Rewards bank card are among the many lowest of balance-transfer bank cards.

As an example, should you carry a steadiness of $12,000 on a bank card that has an rate of interest of 25%, you may join a brand new Financial institution of America Limitless Money Rewards bank card to request a switch to save lots of about $3,390. The potential curiosity charges on the present credit-card steadiness is about $3,750 for about 15 months. And the transaction value is $360 to do the steadiness switch within the first 60 days. Subsequently, the online financial savings is about $3,390. You should utilize our steadiness switch calculator to learn how a lot it can save you on steadiness transfers.

Potential Curiosity for 15 months	$3,750.00
Stability Switch Payment	$360.00
Internet Financial savings	$3,390.00

Loyalty Bonus

If you’re a Financial institution of America Most well-liked Rewards buyer, your rewards bonus could be between 25% and 75% of your base money rewards. There are 3 tiers within the Most well-liked Rewards program: Gold, Platinum and Platinum Honors. Your tier is predicated in your qualifying mixed balances in your Financial institution of America deposit accounts and/or Merrill funding accounts. Relying in your eligible tier of Most well-liked Rewards, you may get a 25%, 50% to 75% rewards bonus on the baseline rewards. The next chart reveals the qualification requirement of minimal steadiness and rewards for Gold, Platinum, Platinum Honors tiers of Most well-liked Rewards.

Most well-liked Rewards Tier	Rewards Bonus	Rewards for Financial institution of America Limitless Money Rewards bank card
Gold	25%	1.875% money again for each greenback spent on all purchases
Platinum	50%	2.25% money again for each greenback spent on all purchases
Platinum Honors	75%	2.625% money again for each greenback spent on all purchases

Should you qualify for the Platinum Honors Tier of Most well-liked Rewards, and nonetheless spend the identical quantity because the above instance, i.e., $30,000 on purchases, you’ll obtain $787.50 money rewards for the yr. See the calculation of money again rewards for most popular rewards.

Spending on All Purchases	$30,000
Money Rewards (at 2.625% Money Again)	$787.50
Internet Spending (after Money Again)	$29,212.50

Free Museum Admission

Cardholders of any Financial institution of America bank cards have a novel perk of free admission to greater than 200 museums on the primary full weekend of each month. Financial institution of America has been operating a program of Museums on Us for over 20 years, which lets its prospects get pleasure from free admission to over 200 museums on the primary weekend every month. You may current your Financial institution of America Limitless Money Rewards bank card together with a photograph ID to achieve one free common admission to any of 200+ museum members of the particular Museums on Us program.

Visa Signature^® Advantages

Financial institution of America Limitless Money Rewards bank card offers its card members entry to Visa Signature^® advantages robotically, corresponding to 24-hour personalised concierge service if you journey, reductions at chosen lodges, resorts and spas, journey and roadside help, and many others. All of those perks can be found at no further value to card members.

Charges

Financial institution of America Limitless Money Rewards bank card has no annual price, which suggests there isn’t any value to maintain the cardboard. However for purchases that you just make if you journey overseas, there are 3% international transaction charges. It’s typical for no-annual-fee bank cards to have 3% surcharges on international purchases.

Required Credit score Score

Financial institution of America Limitless Money Rewards bank card is for folks with good or wonderful credit score profile. In case your credit score rating is above 700, chances are you’ll qualify for the bank card.

Is that this the proper card for you?

Financial institution of America Limitless Money Rewards bank card is greatest for individuals who favor straight cashback with out coping with spending classes. It allows you to earn 1.5% easy money rewards on all purchases, together with gasoline, grocery, journey, eating, utilities, and extra. It provides a bounty of $200 bonus money. Moreover, Financial institution of America Limitless Money Rewards bank card has no annual price and options 0% introductory curiosity. In conclusion, these advantages make Financial institution of America Limitless Money Rewards bank card a great money again bank card to make use of for on a regular basis purchases.

Comparable Credit score Playing cards

If you’re within the Financial institution of America^® Limitless Money Rewards bank card, chances are you’ll contemplate a couple of different bank cards with comparable advantages.

Money Again Credit score Playing cards

Credit score Card		Bonus and Rewards	Annual Payment
	Citi Customized Money® Card	$200 money again after you spend $1,500 on purchases within the first 6 months of account opening. This bonus supply will probably be fulfilled as 20,000 ThankYou® Factors, which could be redeemed for $200 money again. No rotating bonus classes to enroll in – as your spending modifications every billing cycle, your earn adjusts robotically if you spend in any of the eligible classes. 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. Additionally, earn limitless 1% money again on all different purchases.	$0
	Wells Fargo Lively Money® Card	$200 money rewards bonus after spending $500 in purchases within the first 3 months Limitless 2% money rewards on purchases	$0 charges & charges
	Financial institution of America® Custom-made Money Rewards bank card	$200 on-line money rewards bonus after you make not less than $1,000 in purchases within the first 90 days of account opening. 3% money again within the class of your alternative – now with expanded classes, automated 2% at grocery shops and wholesale golf equipment (as much as $2,500 in mixed alternative class/grocery retailer/wholesale membership quarterly purchases) and limitless 1% on all different purchases. Newly expanded classes based mostly on Financial institution of America buyer suggestions! 3% money again on Gasoline (to now embody Electrical Car Charging (EVC) Stations) and On-line Purchasing (to now embody Cable, Streaming, Web and Cellphone Companies). Should you’re a Most well-liked Rewards member, you may earn 25%-75% more money again on each buy. Which means you could possibly earn 3.75%-5.25% money again on purchases in your alternative class.	$0
	Chase Freedom Limitless®	Intro Provide: Earn a further 1.5% money again on every part you purchase (on as much as $20,000 spent within the first yr) – price as much as $300 money again! Take pleasure in 6.5% money again on journey bought by means of Chase Final Rewards®, our premier rewards program that allows you to redeem rewards for money again, journey, reward playing cards and extra; 4.5% money again on drugstore purchases and eating at eating places, together with takeout and eligible supply service, and three% on all different purchases (on as much as $20,000 spent within the first yr). After your first yr or $20,000 spent, get pleasure from 5% money again on Chase journey bought by means of 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.	$0
	Costco Anyplace Visa® Card by Citi	4% money again on eligible gasoline and EV charging purchases for the primary $7,000 per yr after which 1% thereafter 3% money again on eating places and eligible journey purchases 2% money again on all different purchases from Costco and Costco.com 1% money again on all different purchases	$0

Bonus Rewards

Credit score Card		Credit score Card Bonus	Annual Payment
	Citi Premier® Card	60,000 bonus ThankYou® Factors after you spend $4,000 in purchases throughout the first 3 months of account opening. Plus, for a restricted time, earn a complete of 10 ThankYou® Factors per $1 spent on resort, automobile leases, and points of interest (excluding air journey) booked on the Citi Journey℠ portal by means of June 30, 2024.	$95
	Wells Fargo Autograph℠ Card	20,000 bonus factors if you spend $1,000 in purchases within the first 3 months – that is a $200 money redemption worth	$0 charges & charges
	Financial institution of America® Journey Rewards bank card	25,000 on-line bonus factors after you make not less than $1,000 in purchases within the first 90 days of account opening – that may be a $250 assertion credit score towards journey purchases.	$0
	Chase Sapphire Most well-liked® Card	60,000 bonus factors after you spend $4,000 on purchases within the first 3 months from account opening. That is $750 if you redeem by means of Chase Final Rewards®.	$95
	Financial institution of America® Premium Rewards® bank card	NEW OFFER! Obtain 60,000 on-line bonus factors – a $600 worth – after you make not less than $4,000 in purchases within the first 90 days of account opening.	$95

0% Curiosity Credit score Playing cards