The main Bank of America Unlimited Cash Rewards credit card requirements are that an applicant must be at least 18 years old with a valid Social Security number or Individual Taxpayer Identification number. Applicants must also have a physical U.S. address, enough income to make monthly minimum payments, and excellent credit.
Bank of America Unlimited Cash Rewards credit card Requirements
At least 18 years old
Physical U.S. address (no P.O. boxes)
Proof of enough income to make the monthly minimum payment
Social Security number or ITIN
If you apply for the Bank of America Unlimited Cash Rewards credit card, it’s important that you enter all required information completely and accurately. Knowingly reporting false or misleading information on a credit card application is a federal crime.
Yes, the Bank of America Unlimited Cash Rewards credit card does have pre-approval. Bank of America has an online pre-approval page where potential applicants can quickly check their odds of approval for certain Bank of America credit cards before they actually apply for one. Current Bank of America customers may also receive pre-approved offers periodically by e-mail or when logging into their card’s online account. And in some cases, Bank of America will send people pre-approved offers for a specific credit card in the mail.… read full answer
Getting pre-approved for a Bank of America Unlimited Cash Rewards credit card indicates that your chances of being approved for an account are very high, should you decide to apply. It does not mean that approval is guaranteed.
How to Check for Bank of America Unlimited Cash Rewards credit card Pre-Approval Online
Click “Find a Credit Card Quickly” on the Bank of America website.
Log in to your Bank of America account or select “Continue without signing in.”
Enter your full name, birthdate, and the last four digits of your Social Security number.
Click “Show me my offers” to view any pre-approved offers.
If you are pre-approved online, you will see all Bank of America credit cards that will give you the highest odds of approval, which may or may not include the Bank of America Unlimited Cash Rewards credit card. Once you are pre-approved, you can apply for the card of your choice directly from the pre-approval site. Simply click the button next to the card you want, and you will be directed to the card’s application page.
To respond to a Bank of America Unlimited Cash Rewards credit card pre-approved offer received in the mail, visit the website listed in your pre-approval letter and enter the invitation code included with your offer. This allows Bank of America to flag the application as pre-approved.
Bank of America Unlimited Cash Rewards credit card pre-approvals do not affect your credit score, as they’re done using a soft “pull,” or inquiry. But if you decide to submit an application for the Bank of America Unlimited Cash Rewards credit card, Bank of America will conduct a hard inquiry, which will lead to a slight, but temporary decrease in your credit score.
The Bank of America Unlimited Cash Rewards credit card minimum payment is $25 or 1% of the statement balance, plus fees, past-due amounts, and interest – whichever is higher. If the statement balance is less than $25, the Bank of America Unlimited Cash Rewards credit card minimum payment will be equal to the balance. In addition, if you recently missed a payment or exceeded your credit limit, … read full answerBank of America may add a late fee or the overlimit amount to your minimum payment.
The minimum payment is the smallest amount you’re obligated to pay by the due date for your Bank of America Unlimited Cash Rewards credit card account to be in good standing. Failure to pay by the due date may result in a late fee. Your credit score will also take a hit if you miss multiple minimum payments.
Withdraw the cash and remove the credit card from the ATM.
Before you take out a Bank of America Unlimited Cash Rewards credit card cash advance, it’s important to note that it is a very expensive transaction. For starters, a cash advance fee and a separate cash advance APR apply as soon as you withdraw the cash. There may be ATM-owner fees, too.
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