MoneyGeek’s Take MoneyGeek created this Bank of America® Unlimited Cash Rewards credit card for Students review to help students determine if it fits their financial goals. The card offers practical benefits for young adults looking to build their credit history. Advertising & Editorial DisclosureLast Updated: 10/10/2022 Last Updated: 10/10/2022 On This Page The Bank of America® Unlimited Cash Rewards credit card for Students has no annual fee, unlimited 1.5% cash back on all purchases and a 0% introductory APR for the first 15 billing cycles. Students also benefit from the $200 online cash rewards bonus if they reach $1,000 in purchases within 90 days of opening their account.  Bank of America® Unlimited Cash Rewards credit card for Students at a GlanceThe Bank of America® Unlimited Cash Rewards credit card for Students is a great choice for individuals who manage their finances wisely. Bank of America also has a mobile app where you can manage your account and track your finances.
Pros & Cons ExplainedWhile the Bank of America® Unlimited Cash Rewards credit card for Students has great benefits, it’s worth mentioning some of its shortcomings as well. Let’s take a quick look at the card’s advantages and drawbacks. Pros
Cons
LOOKING FOR THE BEST CREDIT CARDS OF 2022? To find the top-ranking credit cards in the U.S., MoneyGeek evaluates various cards each month. Browse through our choices for the best student cards of 2022. Bonuses & Rewards ExplainedWith the Bank of America® Unlimited Cash Rewards credit card for Students, cardholders can utilize the 1.5% unlimited cash back on all purchases, enjoy no annual fee and work toward earning $200 in online cash rewards. 1 Get unlimited cash backUse your Bank of America® Unlimited Cash Rewards credit card for Students to get 1.5% unlimited cash back on all purchases. As long as your account is active, your rewards don’t expire. 2 Redeem rewardsThe rewards you earned with this card can be redeemed through a Bank of America account and qualifying Merrill accounts. 3 $200 online cash rewards bonusIf you spend $1,000 on purchases within the first 90 days of opening your account, you can receive a $200 online cash rewards bonus. Other Features ExplainedAside from rewards, the Bank of America® Unlimited Cash Rewards credit card for Students has other features and perks. Let’s take a closer look at a few of them.
MONEYGEEK QUICK TIP Make the most of the first 15 billing cycles with your Bank of America® Unlimited Cash Rewards credit card for Students account, as there is a 0% introductory APR for purchases and balance. Understanding the Fine PrintTo make sure you don’t miss small yet important details, read through the fine print of your credit card. That way, you’ll be prepared for any fees and charges that may arise. You can get the most out of your Bank of America® Unlimited Cash Rewards credit card for Students card by fully understanding its benefits and drawbacks.
WHERE TO FIND THIS INFORMATION? You can check how this card stacks against other credit cards for students based on their rewards, fees and extra features. Another reliable source of information is the Consumer Financial Protection Bureau’s (CFPB) credit card agreement database. Who Should & Shouldn’t Consider Bank of America® Unlimited Cash Rewards credit card for Students?Loading... Loading... Other Considerations for Bank of America® Unlimited Cash Rewards credit card for StudentsIt’s important to assess how you plan to use the Bank of America® Unlimited Cash Rewards credit card for Students before applying. Whether it's your first card or an additional card in your wallet, it plays a role in your financial goals. Things to Consider if This Will Be Your First or Only Credit CardAfter the first 15 billing cycles of this card, its APR ranges between 14.24% and 24.24%, depending on your creditworthiness. Therefore, consider maximizing your introductory APR, especially when it comes to purchases. With the card’s unlimited 1.5% cash back on all purchases, it can be a great asset in your wallet. Things to Consider if This Will Be an Additional Card in Your WalletWith the Bank of America® Unlimited Cash Rewards credit card for Students, you don’t need to worry about annual fees. However, because of its 3% fee for foreign transactions, you might want to use other cards if you plan to travel outside of the U.S. Because of its high balance transfer rate, you may also benefit more by using another card for transferring outstanding balances. WHY TRUST OUR REVIEWS: Each month, MoneyGeek thoroughly analyzes credit cards to find the best deals for you. Our methodology focuses on estimating each card’s long-term values, standardizing scoring for each card, re-ranking cards regularly, assessing the average spending for consumer profiles and more. We also utilize information from the Consumer Finance Protection Bureau. How Bank of America® Unlimited Cash Rewards credit card for Students Compares to Other CardsIt’s helpful to compare the Bank of America® Unlimited Cash Rewards credit card for Students to similar credit cards so you know if it suits your financial needs. Check its fees, benefits and rates below next to another student card. Quick Comparison of Bank of America® Unlimited Cash Rewards credit card for Students Bank of America® Unlimited Cash Rewards credit card for Students
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Other Helpful Decision-Making Q&AsMoneyGeek outlined the most frequently asked questions about the Bank of America® Unlimited Cash Rewards credit card for Students. Our guide can help you make a clear decision. Still not sure about this card? Consider these options.There are other options for student credit cards if you’re still unsure about this card. MoneyGeek also outlined our top picks for travel credit cards.
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*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however,
some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available. What credit score do you need for Bank of America student card?The Bank of America® Travel Rewards Credit Card for Students likely requires a good credit score of at least 670 for approval.
What credit score is needed for Bank of America unlimited cash rewards?The Bank of America® Unlimited Cash Rewards credit card is intended for cardholders with at least good credit, which typically means credit scores of 670 or better.
What is the minimum payment on Bank of America Cash Rewards credit card for students?The Bank of America Customized Cash Rewards credit card minimum payment is $35 or 1% of your balance plus interest and late fees, whichever is more. But if your total balance is less than $35, your Bank of America minimum payment is the entire amount.
Can I get a credit card while being a student?To apply for a student credit card, you may need to show proof of a steady income from a part-time or full-time job or have a co-signer (a person over the age of 21 with a steady income who takes responsibility for your late or missed payments) join you in the application process.
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Bank of america unlimited cash rewards credit card for students
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