Bank of America Business Preferred Rewards Cash-back Boost
In our view, the best benefit of the Bank of America Business Advantage Unlimited Cash card is the ability to increase the amount of cash-back you receive for each purchase by participating in the Bank of America Business Preferred Rewards program.
The Bank of America Business Preferred Rewards program is very similar to the personal version, in that it gives members added benefits for holding a certain level of deposits in qualifying Bank of America accounts.
One of the best benefits of the program is the ability to boost your cash-back rewards by 25%, 50%, or 75%, depending on your status tier.
|Status Level||Assets Required||Rewards Bonus||Increased Earnings|
|Gold||$20,000+ in assets||25% rewards bonus||1.875% back|
|Platinum||$50,000+ in assets||50% rewards bonus||2.25% back|
|Platinum Honors and Above||$100,000+ in assets||75% rewards bonus||2.625% back|
There aren’t many cash-back rewards cards on the market that offer more than 2% cash-back on all purchases, but Platinum and Platinum Honors members can earn 2.25% and 2.625% back, respectively.
Other Card Benefits
The card also offers travel accident insurance (up to $100,000 in coverage) and secondary rental car insurance.