Edited by: Keri Stooksbury
& Kellie Jez
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0% intro APR for the first 9 billing cycles; after that, variable rate of 112.49%-22.49% will apply.
The Bank of America Business Advantage Unlimited Cash card earns 1.5% cash-back on all purchases and has no annual fee.
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!
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.
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.
|$20,000+ in assets
|25% rewards bonus
|$50,000+ in assets
|50% rewards bonus
|Platinum Honors and Above
|$100,000+ in assets
|75% rewards bonus
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.
The card also offers travel accident insurance (up to $100,000 in coverage) and secondary rental car insurance.
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.
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.
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.
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.
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.
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.