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Bank of America® Business Advantage Unlimited Cash Rewards
U.P. Rating
The rating for this card has been determined by our own industry
experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates
and fees are all taken into account. Compensation from the issuer does not affect our rating.
We only recommend products we either use ourselves or endorse.
4
$300
$0
0% intro APR for the first 9 billing cycles; after that, variable rate of 112.49%-22.49% will apply.
Bank of America® Business Advantage Unlimited Cash Rewards
The Bank of America Business Advantage Unlimited Cash card earns 1.5% cash-back on all purchases and has no annual fee.
U.P. Rating
The rating for this card has been determined by our own industry
experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates
and fees are all taken into account. Compensation from the issuer does not affect our rating.
We only recommend products we either use ourselves or endorse.
4
Summary
The Bank of America® Business Advantage Unlimited Cash Rewards credit card is a top-notch option for business owners who are looking for a simple cash-back rewards card with no annual fee. Moreover, those who hold status in the Bank of America Preferred Rewards for Business program can supercharge their cash-back rewards up to 2.625% on all purchases!
Card Details
Card Snapshot
Welcome Bonus & Info
Get a $300 statement credit online bonus after you make at least $3,000 in net purchases in the first 90 days of your account opening.
Earn unlimited 1.5% cash-back on all purchases everywhere, every time.
No annual cap and cash rewards don’t expire.
No annual fee.
You can earn up to 75% more cash-back on every purchase if you have a business checking account with Bank of America and qualify for our highest Preferred Rewards for Business tier. That means you could earn up to an unlimited 2.62% cash-back on all purchases.
Choose how to redeem your cash rewards — as a deposit into your Bank of America checking or savings account, as a card statement credit, or as a check mailed to you.
0% Introductory APR on purchases for the first 9 billing cycles. After the intro APR offer ends, a Variable APR that’s currently 12.49% to 22.49% will apply.
Contactless Cards — the security of a chip card, with the convenience of a tap.
This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Ability to boost rewards with Bank of America Business Preferred Rewards status
Travel accident insurance
Rental car insurance
Cons
Doesn’t offer bonus categories
Great Card If
You want an easy-to-use cash-back card with a fixed rate on all purchases
You’re a Bank of America Business Preferred Rewards member
Don’t Get If
You can a card that earns travel rewards points
You want a card that offers bonus categories on the areas where your business spends the most
Bank of America Business Advantage Unlimited Cash Card — Is It Worth It?
Any business owner who’s looking for a straightforward cash-back rewards card that earns a flat cash-back rate on all purchases without an annual fee will certainly find the Bank of America Business Advantage Unlimited Cash card worthwhile.
The card is even more worth it for those who are Bank of American Business Preferred Rewards members as they can boost their rewards rate up to 2.625% back on all purchases. You’d be hard-pressed to find a card with a higher cash-back rate on all purchases.
Bank of America Business Advantage Unlimited Cash Card — Top Benefits
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.
Best Ways To Earn and Redeem Your Cash-back
If you’re trying to earn as much cash-back as possible, you’ll want to use your card for as many purchases as you can. Since the card earns the same 1.5% back on all purchases, you won’t need to stress over whether you’re using the right card for the right purchase.
That said, if you really want to take your cash-back rewards to the next level, then you should attain status in the Bank of America Business Preferred Rewards program. Doing so will allow you to boost the cash-back rewards you receive by 25%, 50%, or even 75%, depending on the status tier you hold.
In terms of redeeming your cash-back rewards, you can choose from a deposit into your Bank of America checking or savings account, a card statement credit, or a check mailed directly to you.
Alternative Card to the Bank of America Business Advantage Unlimited Cash Card
American Express Blue Business Cash™ Card
If you’re in the market for a flat-rate cash-back card with no annual fee and don’t have any interest in the Bank of American Business Preferred Rewards program, you should consider the Amex Blue Business Cash card.
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.
Take control of your cash-back with the Amex Blue Business Cash card, and earn 2% cash-back on up to $50,000 in purchases each year.
Take control of your cash-back with the Amex Blue Business Cash card, and earn 2% cash-back on up to $50,000 in purchases each year.
N/A
N/A
$0
0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 18.49% - 26.49%, based on your creditworthiness and other factors as determined at the time of account opening. APRs will not exceed 29.99%
Looking for a way to keep tabs on your office supply costs and business travel expenses while earning cash-back? Then The American Express Blue Business Cash™ Card could be a good fit.
This card offers expense management solutions that are designed to give companies more control, along with a much clearer picture of their business spending. In doing so, the more you spend, the more cash-back you can earn.
Pros
2% cash-back on up to $50,000 in spend, then 1% back thereafter
No annual fee
Travel and purchase protection
Cons
Not ideal for those who spend a lot on a specific category like groceries or gas
0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 18.49% – 26.49% Variable, based on your creditworthiness and other factors as determined at the time of account opening. APRs will not exceed 29.99%
Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.
No Annual Fee
Terms Apply
Financial Snapshot
APR: 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 18.49% - 26.49%, based on your creditworthiness and other factors as determined at the time of account opening. APRs will not exceed 29.99%
Foreign Transaction Fees: 2.7% of each transaction after conversion to U.S. dollars
With it, you’ll earn 2% cash-back rewards on all purchases up to a total of $50,000, and then 1% cash-back on all purchases thereafter. Depending on how much your business spends each year, you may earn more cash-back rewards using the Amex Blue Business Cash card, as you’d need to spend more than $100,000 before the Bank of America Business Advantage Unlimited Cash card surpasses it in total cash-back.
The information regarding the Bank of America® Business Advantage Unlimited Cash Rewards was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
For rates and fees of The American Express Blue Business Cash™ Card, click here.
Frequently Asked Questions
The Bank of America Business Advantage Unlimited Cash card might be worth it if you’re looking for a simple cash-back rewards card, aren’t interested in paying an annual fee, and are a member of the Bank of America Business Preferred Rewards program.
Yes, the Bank of America Business Advantage Unlimited Cash card charges a 3% foreign transaction fee, so you’ll want to use another card when making purchases in another country.
The top benefit of the Bank of America Business Advantage Unlimited Cash card is the ability to earn extra cash-back by participating in the Bank of America Business Preferred Rewards program. Doing so allows you to boost your cash-back by up to 75%, bringing your rewards up to 2.625% back on all purchases.
No, the Bank of America Business Advantage Unlimited Cash card does not charge an annual fee.
Yes. If your payment is late, you will be charged $19 if your balance is less than or equal to $100, $29 if your balance is between $100 and $1,000, $39 if your balance is between $1,000 and $5,000, and $49 if your balance is greater than $5,000.
Boasting a portfolio of over 20 cards, Jarrod has been an expert in the points and miles space for over 6 years. He earns and redeems over 1 million points per year and his work has been featured in outlets like The New York Times.
Disclaimer: Any comments listed below are not from the bank advertiser, nor have they been reviewed or approved by them. No responsibility will be taken by the bank advertiser for these comments.
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