BofA Unlimited Cash Payoff Calculator (2026)

Card data, May 13, 2026

• Issuer: Bank of America
• Network: Visa
• APR: 18.24% to 28.24% variable
• Annual fee: $0
• Rewards: 1.5% unlimited cashback on every purchase, no categories, no caps
• Preferred Rewards boost: Up to 75% (Platinum Honors tier with $100,000+ in BofA + Merrill combined assets), lifting effective rate to 2.625%
• Intro APR on purchases: 0% for 15 billing cycles from account opening
• Intro APR on balance transfers: 0% for 15 billing cycles on transfers made in first 60 days from account opening (3% intro fee; 4% after)
• Sign-up bonus: $200 online cash rewards bonus after $1,000 in purchases in first 90 days
• Foreign transaction fee: 3%
• Late fee: up to $40
• Penalty APR: None
• Minimum payment: 1% of balance plus interest and fees, with a $35 floor
• Typical FICO floor for approval: 700

Source: BofA Unlimited Cash Rewards terms, verified 2026-05-13.

TL;DR

Unlimited Cash Rewards is Bank of America’s flat-rate cashback card, positioned against Citi Double Cash (2% flat), Wells Fargo Active Cash (2% flat), and Capital One Quicksilver (1.5% flat). The base 1.5% rate loses to Double Cash and Active Cash for non-Preferred Rewards customers.

The Preferred Rewards boost flips the math. At Platinum Honors (75% boost), the effective rate becomes 2.625%, which beats Double Cash and Active Cash by 0.625 percentage points. For a Bank of America customer with $100,000+ in combined assets, this becomes one of the highest-rate no-fee flat-rate cards in the market.

The card also includes a 15-billing-cycle 0% intro APR on purchases and balance transfers (transfers made in the first 60 days at 3% fee), which makes it a serviceable balance transfer tool for new applicants planning to consolidate up to about $10,000 over a 14 to 15 month payoff timeline.

Math worked example

$4,500 balance at 23% APR (mid range), $200 per month payment:

• 30 months to payoff
• $1,355 in interest
• Total cost: $5,855 (no annual fee)

Same balance transferred to BofA Unlimited Cash intro 0% (3% fee = $135, 15 cycles 0%), paid down at $310 per month:

• 15 cycles to payoff
• $0 interest accrual during promo
• Total cost: $4,635
• Savings: $1,220

Same balance transferred to BankAmericard (3% fee = $135, 18 cycles 0%), paid down at $258 per month:

• 18 cycles to payoff
• $0 interest accrual during promo
• Total cost: $4,635
• Savings vs Unlimited Cash status quo: $1,220 (same total cost; BankAmericard gives more month-to-month cash flow flexibility)

For balance transfer math, BankAmericard’s 18-cycle promo offers more breathing room, but the Unlimited Cash Rewards’ 15-cycle promo plus the ongoing 1.5% (or 2.625% boosted) rewards on new spend is attractive if you can sustain the higher monthly payment.

How Unlimited Cash Rewards fits in the BofA cashback lineup

Bank of America sells three cashback cards, and they target different shapes of spend:

• Customized Cash Rewards: 3% in one chosen category, 2% on grocery and wholesale, 1% elsewhere, $0 fee
• Unlimited Cash Rewards: 1.5% flat on everything, $0 fee
• Premium Rewards: 2x travel and dining, 1.5x else, $95 fee, $100 airline credit

For unpredictable spend that does not fit a 3% category, Unlimited Cash Rewards is the right choice. For category-heavy spending, Customized Cash usually outearns. For travel-heavy spending, Premium Rewards wins.

Run your specific Unlimited Cash Rewards numbers

The pillar tool accepts the BofA Unlimited Cash Rewards APR. Pull the exact rate from the statement.

How the Preferred Rewards multiplier compounds

Bank of America Preferred Rewards is the loyalty program that makes BofA cards genuinely competitive at the top tier. The tier breakdown:

• Gold tier ($20,000 to $49,999 in combined BofA + Merrill assets): 25% boost. So 1.5% base becomes 1.875%.
• Platinum tier ($50,000 to $99,999): 50% boost. So 1.5% becomes 2.25%.
• Platinum Honors tier ($100,000+): 75% boost. So 1.5% becomes 2.625%.

The boost is calculated on the base rate and applied to actual rewards earnings each cycle. Nothing to opt into; assets are checked automatically.

For households that have a 401(k) rollover or brokerage assets that could be moved to Merrill, hitting Platinum Honors is straightforward and lifts the cashback math by enough to matter. The $100,000 threshold can be cleared with retirement assets that the household would have held at another brokerage anyway.

The 15-cycle intro 0% offer in detail

The Unlimited Cash Rewards offers 0% intro APR for 15 billing cycles on:

• All new purchases from account opening
• Balance transfers made within the first 60 days from account opening

The transfer fee is 3% during the first 60 days, rising to 4% after. After cycle 15, the standard variable APR of 18.24% to 28.24% applies.

Cycles, not months: a billing cycle is approximately 30 days but varies. 15 cycles is roughly 14 to 15 months. Calculate the payoff-pace monthly payment based on 15 cycles, not 15 months, to be safe.

Avalanche priority

The Unlimited Cash Rewards APR range matches Customized Cash and Travel Rewards (18.24% to 28.24%), which is on the lower end among rewards cards. If your assigned APR is on the low end (18.24% to 20%), this card is likely not your avalanche target if you also hold a premium card. If your assigned APR is in the high 20s, it likely is.

When Unlimited Cash Rewards is the right card

Three scenarios:

1. Preferred Rewards Platinum Honors customer: 2.625% on every purchase is among the highest no-fee flat rates available
2. New applicant with $5,000-$10,000 balance to transfer who can pay off in 15 cycles: the 0% intro plus 1.5% on new spend covers the transfer fee within months
3. Buyer wanting one card for everything who does not want to track categories: 1.5% on every purchase, no caps, no thinking

When Unlimited Cash Rewards is the wrong card

Two scenarios:

1. Non-Preferred Rewards customer comparing flat-rate cards: Wells Fargo Active Cash and Citi Double Cash earn 2% flat, beating Unlimited Cash Rewards’ 1.5% by 0.5 percentage points
2. Frequent international traveler: the 3% foreign transaction fee makes the card a bad pick abroad. Bank of America Travel Rewards (0% foreign fee, 1.5x on everything) is the right BofA card for international use

How to choose between Unlimited Cash Rewards and Travel Rewards

Both BofA no-fee cards earn the equivalent of 1.5% on everything (1.5% cashback vs 1.5 points per dollar at 1 cent each toward travel). The differences:

• Unlimited Cash Rewards: 3% foreign transaction fee, 15-cycle 0% intro on purchases and transfers, $200 sign-up bonus
• Travel Rewards: 0% foreign transaction fee, no intro 0% offer, $250 in travel statement credit sign-up bonus

For domestic spend with a balance transfer or large purchase: Unlimited Cash. For international travel with everyday spend: Travel Rewards.

Should you keep Unlimited Cash Rewards after payoff?

Yes if you are at Preferred Rewards Gold or higher. No annual fee means no carrying cost, and the boosted 1.875% to 2.625% rate is competitive. For non-tier members, downgrading to Travel Rewards (same effective rate, no foreign fee) makes more sense.

Other Bank of America cards

• Bank of America Customized Cash payoff calculator
• Bank of America Travel Rewards payoff calculator
• Bank of America Premium Rewards payoff calculator
• BankAmericard payoff calculator

Other flat-rate cashback cards

• Wells Fargo Active Cash payoff calculator
• Citi Double Cash payoff calculator
• Capital One Quicksilver payoff calculator

Related

• Credit card payoff calculator (home), pillar tool
• Credit card payoff by card type, full hub

Frequently asked questions

What is the APR on Bank of America Unlimited Cash Rewards?

18.24% to 28.24% variable as of May 13, 2026, per BofA Unlimited Cash Rewards pricing. The range matches the other no-fee BofA cards (Customized Cash, Travel Rewards). Your assigned rate appears on the monthly statement and was set at approval based on your credit profile.

What is the cashback rate on Unlimited Cash Rewards?

1.5% unlimited cashback on every purchase, no categories, no caps. With Bank of America Preferred Rewards membership at the Platinum Honors tier ($100,000+ in BofA + Merrill assets), the rate rises to 2.625% effective. Gold tier ($20,000+) pays 1.875%, and Platinum tier ($50,000+) pays 2.25%.

Is there a 0% intro APR offer?

Yes. The card offers 0% intro APR for 15 billing cycles on new purchases from account opening, plus 0% on balance transfers made within the first 60 days at a 3% intro transfer fee. After cycle 15, the standard variable APR of 18.24% to 28.24% applies. Transfers made after day 60 incur a 4% fee.

Are there foreign transaction fees on Unlimited Cash Rewards?

Yes, 3%. The Unlimited Cash Rewards charges a foreign transaction fee, which makes it suboptimal for international travel. Bank of America’s Travel Rewards card has the same 1.5x earn rate and charges no foreign transaction fee; it is the better BofA pick for travelers. Outside the United States, swipe Travel Rewards or a Visa Signature card with no foreign fee.

How does Unlimited Cash Rewards compare to Citi Double Cash?

Citi Double Cash earns 2% flat (1% when you buy plus 1% when you pay), no annual fee, no foreign fee. Unlimited Cash Rewards earns 1.5% flat base, no annual fee, 3% foreign fee. Without Preferred Rewards, Double Cash strictly wins. With Preferred Rewards at Platinum Honors, Unlimited Cash Rewards at 2.625% effective beats Double Cash by 0.625 percentage points on every purchase.