Pros & Cons

Pros

  • +Welcome Bonus: $200
  • +No annual fee

Cons

  • No purchase protection

Our Review

Maximize Your Student Spending with the Bank of America Unlimited Cash Rewards® Credit Card for Students

  • 2% cash back on every purchase during your first year
  • Then earn 1.5% unlimited cash back on all purchases thereafter
  • $200 online cash rewards bonus after you spend $1,000 in the first 90 days
  • 0% intro APR on purchases and balance transfers for 15 billing cycles (balance transfers must post in first 60 days)
  • No annual fee and no expiration on your rewards as long as your account remains open

Perfect for students juggling textbooks, dining and everyday expenses, this card delivers straightforward, high‑value cash back without the hassle of categories or caps. Enjoy a rich sign‑up bonus, a full year of elevated earnings and a long 0% APR period to cover unexpected costs or consolidate balances interest‑free. Redeem your rewards anytime as a statement credit, direct deposit or retail gift card—no minimums required—and watch your cash back build alongside your credit history.

Terms apply. Ongoing APR after intro period: 18.24%–28.24% variable. Balance transfer fee: 3% of each transfer if completed within first 60 days (then 4%). See issuer for complete details.

Rewards

All Spending

1.5x

Cash Back pts per dollar

Credit Card Rewards Calculator

See how much you could earn with this card based on your spending.

¢/ point
0.50¢
Groceries1.5x
$700/mo
Gas & EV1.5x
$200/mo
Transit1.5x
$100/mo
Restaurants1.5x
$300/mo
Pharmacy1.5x
$50/mo
Travel1.5x
$150/mo
Bills & recurring payments1.5x
$250/mo
Telecom1.5x
$150/mo
Entertainment & streaming1.5x
$100/mo
Office supplies1.5x
$0/mo
All other spending1.5x
$500/mo

Points Earned

45,000

Cash Back/yr

Estimated Value

$450

After Fees

+$450

1st Year Value

$452

incl. welcome bonus

Breakdown

Groceries$8,400/yr × 1.5x12,600 pts
Gas & EV$2,400/yr × 1.5x3,600 pts
Transit$1,200/yr × 1.5x1,800 pts
Restaurants$3,600/yr × 1.5x5,400 pts
Pharmacy$600/yr × 1.5x900 pts
Travel$1,800/yr × 1.5x2,700 pts
Bills & recurring payments$3,000/yr × 1.5x4,500 pts
Telecom$1,800/yr × 1.5x2,700 pts
Entertainment & streaming$1,200/yr × 1.5x1,800 pts
All other spending$6,000/yr × 1.5x9,000 pts
Total annual spend$30,000
Total monthly spend$2,500
Average earn rate on spend per year1.5x
Total points earned45,000 pts
Value of points accumulated in the first year$450

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Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. Milesopedia USA may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 Bank of America. All trademarks are property of their respective owners.