The new Bank of America Unlimited Cash Rewards Card: A very competitive flat-rate cash-back card

SectorFinancial Services
CountryMiddle east

A new rewards credit card has just hit the market: The enters a crowded field of cash-back cards. The Unlimited Cash Rewards Card is a no-annual fee card that earns 1.5% cash back on purchases with the ability to earn a higher cash-back rate if you’re a Bank of America Preferred Rewards member. The has a straightforward rewards program with a twist. The card earns 1.5% cash back on everything, but it also allows you to tap into , which gives you the potential to gain an additional 25% to 75% uplift on your rewards, depending on your Preferred Rewards program member tier.

Bank of America joins Wells Fargo and Citigroup which have both rolled out new cash-back cards in the past few months. “Some customers choose to have flat cash-back products and we’ve noticed that some of our customers go elsewhere to seek out that type of product, because Bank of America doesn’t offer it,” Jason Gaughan, Consumer more...