Unlimited Cash Rewards for Students: Simple Cashback with No Annual Fee
Earn unlimited 2% cashback on all purchases during the first year and 1.5% cashback thereafter, while building credit history with responsible use and no annual fee.
The Bottom Line
4.8
BIG4CREDIT RANKING
Our 5-star rating is based on Big4credit’s independent, data-driven scoring system.
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fees, welcome offers, 0% intro APR, ongoing APR, perks, benefits, and protections.
Ratings are determined solely by our research and analysis and are never influenced
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The Bank of America® Unlimited Cash Rewards Credit Card for Students is a solid student cashback card that combines simple rewards with credit-building opportunities. It earns unlimited 2% cashback on all purchases during the first year and 1.5% cashback thereafter, charges no annual fee, and avoids the complexity of rotating categories or spending caps, making it easy to use and manage. The card is especially appealing for students who want straightforward rewards while building a positive credit history. However, the elevated 2% cashback rate is limited to the first year, and the ongoing 1.5% rate is less competitive than some higher-earning cashback cards. It also lacks premium perks and category-specific bonus rewards. Overall, this card works best for students seeking a simple, no-annual-fee cashback card that rewards everyday spending while helping establish and strengthen their credit profile.
Unlimited Cash Rewards for Students
Apply now
On Bank of America's Secure Website
Annual fee:
$0
Intro APR
Purchases: 0%, 15 billing cycles
Balance Transfers: 0%, 15 billing cycles
Regular APR
17.49% - 27.49% Variable APR
Credit Score
New To Credit
Rewards 1.5% cashback on all purchases.
1.5% Cashback
Welcome Offer Earn a $200 cash rewards bonus after spending $1,000 in the first three months. Plus, earn unlimited 2% cashback on purchases for the first year.
$200 + 2% Cashback on Purchases for the First Year
Welcome Offer
- Earn a $200 bonus after spending $1,000 in the first 90 days.
- Earn 2% cashback on all purchases for the first year.
Rewards
- 1.5% Cashback on all purchases.
Redemption Options
- Flexible Redemption: Redeem cashback as a statement credit, direct deposit to eligible Bank of America® or Merrill® accounts, or use it at Amazon.com and PayPal checkout.
Fees and APR
- Annual Fee: $0.
- 0% Intro APR on Purchases and Balance Transfers: For 15 months from account opening.
- Regular APR: After the introductory period, a variable APR of 17.49% - 27.49% applies to purchases and balance transfers.
- Intro Balance Transfer Fees: 3% of the transfer amount for balance transfers made within the first 60 days.
- Regular Balance Transfer Fees: 5% of each transfer amount for balance transfers made after the introductory period ends.
- Foreign Transaction Fee: 3% of each purchase transaction in U.S. dollars.
Bank Relationship Benefits
- Bank of America Rewards Bonus: Enroll in BofA Rewards™ to earn bonus rewards on purchases made with eligible Bank of America® credit cards.
- Boosted Rewards for BofA Rewards™ Members: If you’re enrolled in BofA Rewards™, you can earn 10% to 75% more points.
- Up to 2.62% Cashback on All Purchases.
- Note: BofA Rewards™ bonuses do not apply to the first-year cash back bonus.
Convenience Features
- Digital wallet compatible: Apple Pay®, Google Pay™, Samsung Pay.
Buy Now, Pay Later Options
- Custom Pay Plan: Break up eligible credit card purchases into equal monthly payments. No interest, just a fixed monthly fee.
Terms and Conditions
- Click Apply Now to see the terms and conditions.