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Bank of America® Unlimited Cash Rewards for Students review

Earn high cashback on gas and groceries with the Bank of America® Unlimited Cash Rewards for Students.

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Get unparalleled cashback and low interest rates with the Bank of America® Unlimited Cash Rewards for Students

Start building your credit while you’re a student. Source: The Post New.

This is a credit card with generous rewards, no annual fee, and a lengthy intro APR period. Here is our Bank of America® Unlimited Cash Rewards for Students review.

Bank of America® Unlimited Cash Rewards for Students

How to get a BofA® Unlimited Rewards for Students

Want to start earning cashback rewards? Here is our Bank of America® Unlimited Cash Rewards for Students application guide.

  • Credit Score: Good – Excellent
  • APR: 17.49% to 27.49% Variable
  • Annual Fee: $0
  • Fees: 3% foreign transaction fee
  • Welcome bonus: $200 online cash rewards bonus after spending at least $1,000 in the first 3 months of your account opening.
  • Rewards: Unlimited 1.5% cash back on all purchases.

This card is an excellent option for students who want to earn cashback rewards on their purchases. Don’t worry about annual fees. Read on and learn everything you need to know.

Bank of America® Unlimited Cash Rewards for Students: how does it work?

The Bank of America Unlimited Cash Rewards credit card for Students is a great option for students who have good credit scores. 

It offers a high sign-up bonus and a 1.5% cashback rate on all purchases. However, this credit card has a high bar for approval, meaning many students will not qualify. 

For those who do qualify, there are many benefits to using this card. such as a $200 online cash rewards bonus, no annual fee, and no limit on the amount of cash back you can earn. 

Additionally, rewards do not expire, and there is a 0% introductory APR for 18 billing cycles on purchases and balance transfers.

Then, after the introductory period ends, the variable APR will range from 17.49% to 27.49%.

This credit card is also easy to use, as it has a simple rewards structure that doesn’t require tracking revolving bonus categories or spending caps. 

Additionally, the card offers a long 0% intro APR period, which can be useful for financing necessary purchases. 

Another benefit of the Bank of America Unlimited Cash Rewards credit card for Students is that it offers multiple redemption options. 

They include a direct deposit into a Bank of America checking or savings account or a statement credit. 

Finally, although the card is marketed towards students, it is not limited to students, as anyone can apply for it.

However, there are some downsides to this credit card, including the fact that it requires a good credit score to qualify. This may be difficult for students who are just starting to build their credit history. 

Additionally, the best rewards may be limited to certain customers, and there are no bonus categories for earning extra rewards. 

Significant benefits and disadvantages you may find

This credit card has rewards and no annual fee. Source: Canva.

Now that you are familiar with this card’s ins and outs, how about a comparison between its pros and cons? Our Bank of America® Unlimited Cash Rewards for Students review would be incomplete without it.

Benefits

  • High cashback on gas and groceries.
  • No annual fee or minimum deposit.
  • Easy approval for college students.
  • Bonus for redeeming into account.

Disadvantages

  • No travel rewards or bonus categories.
  • Foreign transaction fee.
  • High APR for those with lower credit.
  • Cashback rewards limited to $2,500 spending per quarter.

Is a good credit score required for applicants?

Yes. Even though this is a student credit card, it does require applicants to have a Good to Excellent credit score in order to be eligible.

Learn how to apply and get a Bank of America® Unlimited Cash Rewards for Students

So, are you interested in the Bank of America® Unlimited Cash Rewards for Students? Then apply now with our step-by-step guide by clicking the link below.

Bank of America® Unlimited Cash Rewards for Students

How to get a BofA® Unlimited Rewards for Students

Want to start earning cashback rewards? Here is our Bank of America® Unlimited Cash Rewards for Students application guide.

About the author  /  Danilo Pereira

Danilo is a copywriter with a passion for learning. Deeply interested in philosophy, politics and arts.

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