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A No-Frills Cash Back Credit Card With No Annual Fee

Financial institution of America® Limitless Money Rewards in contrast

  Financial institution of America® Limitless Money Rewards Financial institution of America® Personalized Money Rewards bank card Chase Freedom Limitless® Credit score Card
Money again 1.5% on all purchases 3% on class of your selection and a couple of% on grocery shops on the primary $2,500 in mixed purchases every quarter; 1% on all different purchases 5% on journey booked via Chase Final Rewards®; 3% on eating and drugstores; 1.5% on all different purchases
Bonuses $200 sign-up bonus after spending $1,000 within the first 90 days $200 sign-up bonus after spending $1,000 within the first 90 days $200 sign-up bonus after spending $500 within the first 90 days
Introductory APR 0% Intro APR for 15 billing cycles for purchases and a 0% Intro APR for 15 billing cycles for any stability transfers made within the first 60 days 0% Intro APR for 15 billing cycles for purchases 0% Intro APR on Purchases for 15 months
Common APR 13.99% – 23.99% Variable APR on purchases and stability transfers 13.99% – 23.99% Variable APR on purchases and stability transfers 14.99 – 23.74% Variable
Annual payment $0 $0 $0
Particular options Most well-liked Rewards members earn 25–75% extra rewards Select 3% enhanced rewards on gasoline, on-line purchasing, eating, journey, drugstores, or home-improvement/furnishings, and alter month-to-month as wanted Switch rewards to accomplice loyalty packages for extra journey advantages

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The Financial institution Of America® Limitless Money Rewards is much like one other Financial institution of America product, the Financial institution of America® Personalized Money Rewards bank card. 

The important thing distinction is that the latter enables you to select a class to obtain 3% money again. Plus, you’ll additionally get 2% money again at grocery shops and wholesale golf equipment on the primary $2,500 spent in mixed selection class every quarter and 1% on all different purchases.

Fortunately, you additionally received’t pay an annual payment and you’ll simply qualify for a similar $200 bonus after making no less than $1,000 in purchases within the first 90 days. So, should you’re searching for a card that gives barely extra cash again, that is the suitable BofA card for you!

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Rewards are additionally corresponding to the Chase Freedom Limitless®, however Chase rewards journey rather more generously. For starters, you’ll earn 5% on journey bought via Chase Final Rewards®, however the money again positively doesn’t cease there. 

You’ll earn 3% on eating at eating places (together with takeout and eligible supply companies), 3% on drugstore purchases, and 1.5% on all different purchases.

That is additionally a card with no annual payment and yet one more $200 bonus, BUT, you solely need to spend $500 on purchases within the first three months from account opening.

Do you have to get a Financial institution of America® Limitless Money Rewards?

The Financial institution Of America® Limitless Money Rewards is a normal money again bank card for anybody who needs to profit from their price range. With no annual payment, it’s a easy method to earn again somewhat of what you spend.

The cardboard could also be somewhat simpler to qualify for than extra premium rewards bank cards, like these with journey or eating rewards. In trade, you earn decrease rewards.

When you’re into journey hacking and need to optimize your factors for accommodations and airfare, this isn’t the cardboard for you. As an alternative, search out a card that rewards journey particularly.

Even should you do use a extra premium card to earn rewards in particular classes, this card could possibly be an excellent complement to maximise your rewards. Many journey or eating bank cards provide excessive rewards in these classes however simply 1% in all the pieces else. You can use the Financial institution Of America® Limitless Money Rewards to get extra out of your entire different purchases.

Find out how to apply for a Financial institution of America® Limitless Money Rewards

You’ll be able to apply for the Financial institution Of America® Limitless Money Rewards on-line via Financial institution of America. Observe that the sign-up bonus and introductory APR won’t be accessible via your native department, so the web utility is your greatest guess.

To finish the web utility, you’ll must enter your:

  • Identify.
  • Tackle.
  • Cellphone quantity.
  • E-mail tackle.
  • Nation of residence and U.S. citizenship standing.
  • Date of beginning.
  • Employment standing and earnings.
  • Month-to-month housing cost quantity.

When you’re already a Financial institution of America buyer, you may sign up to skip getting into most of this info.

When you fill out your utility and conform to a credit score test, you will get a call in as little as 30 seconds. You’ll obtain a credit score provide together with your restrict, introductory APR, and common APR.

When you haven’t already, you’ll need to obtain the Financial institution of America app to maintain monitor of your spending, bank card stability, month-to-month payments, and funds, in addition to your bonus provide and rewards.

Abstract

The Financial institution of America® Limitless Money Rewards is a superb money again bank card to earn a modest 1.5% money again on on a regular basis spending with no annual payment.

To get probably the most out of this bank card, you need to be a Financial institution of America or Merrill buyer. That offers you the chance to be eligible for the next money again price and extra versatile redemption choices.

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