Bank of America Cash + Visa: Full Breakdown, Common Questions & Earning Tips

For those seeking a simple, hassle-free way to earn cash back, the Bank of America Unlimited Cash Rewards stands out as a strong contender.

The Bank of America Cash+ Visa is a valuable option for earning a flat 1.5% back on all spending — with no yearly fee attached. But its perks go beyond just earning rewards. In this guide, you’ll learn how to get the most from the card, reduce interest costs, and unlock every feature it has to offer.

Smart Ways to Maximize Your Bank of America Cash+ Card

1. Use It for All Day-to-Day Purchases
The card shines with its flat 1.5% cash back on everything you buy. Rely on it for regular expenses like groceries, meals out, utility bills, and online orders. With no categories to track or activate, you earn consistently without extra effort.

2. Hit the Bonus Threshold Early
Grab the $200 sign-up bonus by spending $1,000 within the first 90 days. Schedule larger purchases, pay monthly bills, or cover travel expenses during this window to hit the goal quickly and unlock extra value.

3. Maximize the Preferred Rewards Advantage
If you’re a Bank of America client with a qualifying account, you may unlock Preferred Rewards status — which boosts your cash back by 25% to 75%. That means your standard 1.5% rate could increase to as much as 2.62%.

4. Make the Most of the 0% APR Window
Enjoy zero interest on purchases and transfers for 15 billing cycles before the regular 18.24%–28.24% APR kicks in. Use this time to finance larger expenses or consolidate other balances — just be sure to pay it off before the promo ends.

5. Redeem Rewards Strategically

• Apply to Balance: Use cash back to lower your current card balance.
• Transfer to Bank Account: Move rewards into a Bank of America checking or savings account.
• Statement Credit: Offset your monthly charges directly with earned cash back.

6. Combine with a Travel Rewards Card
To stretch your rewards, pair this card with a travel-focused option. Use the Unlimited Cash Rewards Card for everyday spending and rely on your travel card for flights, hotels, and trips.

Frequently Asked Questions (FAQs)

Q1: Can I earn more than 1.5% back?
Yes. With Preferred Rewards, you can earn up to 2.62% cash back, depending on your tier.

Q2: Is there a maximum on cash back earnings?
No — you’ll earn 1.5% on all purchases, with no earning cap.

Q3: Can I use this card internationally?
Absolutely. There are no foreign transaction fees, making it ideal for use abroad.

Q4: What’s required for Preferred Rewards eligibility?
You’ll need an eligible Bank of America checking account and meet minimum combined balances across accounts.

Q5: Can I transfer balances from other cards?
Yes — transfers are allowed within 60 days of opening, with a 3% fee. The 0% intro APR applies for 18 billing cycles.

Q6: What’s the lowest amount I can redeem?
Redemptions start at $25, whether as a statement credit, direct deposit, or toward your balance.

Q7: Does it offer any travel-related protections?
No. This card focuses on cash back and doesn’t include travel insurance or similar perks.

Q8: Is there a penalty APR for late payments?
No penalty APR, but late fees may apply (up to $40), and it could affect your credit rating.

Q9: Can I add someone to my account?
Yes, you’re allowed to add authorized users — helpful for building credit with family.

Q10: Where can I track my cash back?
You can monitor your rewards via the Bank of America website or through the mobile banking app.

Maximizing Value: Smart Strategies for Your Bank of America Cash+ Card

• Enable Auto-Pay: Set up automatic payments to stay on time and avoid penalty fees.
• Make It Your Go-To Card: With no category limits, it’s perfect for everyday spending like groceries, fuel, dining, and bills.
• Track Rewards Often: Use the Bank of America mobile app to monitor your cash back progress in real time.
• Unlock Preferred Rewards Bonuses: Keep qualifying balances in your accounts to receive enhanced cash back rates.
• Transfer Existing Balances: Take advantage of the intro APR to move high-interest debt and pay it down interest-free.
• Plan Big Purchases Wisely: Schedule larger expenses during the 0% APR window to maximize value without paying interest.
• Review Your Yearly Usage: At the end of each year, reassess your spending habits to confirm if this card still meets your needs.

Final Verdict: Should You Choose the Bank of America Cash + Visa?

The Bank of America Cash+ Card is a flexible, no-fee option that delivers consistent cash back on every transaction. Whether you need a reliable everyday card or a solid secondary option to boost overall rewards, this one checks all the boxes.

Its flat 1.5% earning rate is competitive — and even more compelling when paired with the Preferred Rewards Program. Add in the 0% intro APR and zero fees for international use, and you’ve got a card that offers real value and freedom.

If you’re after a dependable, no-hassle card that rewards all types of spending, the Bank of America Cash+ Visa is a smart move. 🚀