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

SourceCNBC
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 Card...read more...