[Expired] Bank of America Launches Business Advantage Unlimited Cash Rewards Card

Update: The offer information mentioned below has expired and is no longer available.

The Bank of America^® Business Advantage Unlimited Cash Rewards credit card has just been launched, adding another solid cash-back credit card option for small business owners. Here are all of the details of the new card, along with how you can supercharge your earnings through the Bank of America Preferred Rewards for Business program.

Bank of America Business Advantage Unlimited Cash Card Details

For starters, the card comes with a $300 statement credit when you make at least $3,000 in purchases within 90 days of your account opening. New cardholders also receive a 0% introductory APR on purchases for 9 billing cycles from account opening. Regular APR of 12.24% to 22.24% variable applies after the introductory period.

You’ll also earn an unlimited 1.5% cash-back on all purchases made with the card, with no annual fee. With the card, your cash-back rewards will never expire and can be redeemed as a deposit into your Bank of America checking or savings account, as a card statement credit, or as a check mailed to you.

The Bank of America Business Advantage Unlimited Cash card includes perks like travel accident insurance, rental car insurance, and lost luggage insurance.

Earn More Cash-Back With Bank of America Preferred Rewards for Business

If your small business banks with Bank of America, becoming a Bank of America Preferred Rewards for Business member is the perfect way to boost your cash-back rewards even further!

Bank of America offers 3 tiers in the Preferred Rewards for Business program — Gold, Platinum, and Platinum Honors. You can qualify for each tier based on the 3-month combined average daily balance of qualifying Bank of America business deposit accounts and/or Merrill business investment accounts, with Gold requiring $20,000, Platinum requiring $50,000, and Platinum Honors requiring $100,000.

At each loyalty level you’ll receive the following credit card rewards boost:

• Gold: 25% bonus — 1.875% back on all purchases
• Platinum: 50% bonus — 2.25% back on all purchases
• Platinum Honors: 75% bonus — 2.625% back on all purchases

Your business will also need to have an active, eligible Bank of America business checking account to enroll in the Bank of America Preferred Rewards for Business program.

While there are cards on the market that offer 2% cash-back on all purchases, the ability for Platinum and Platinum Honors members to earn 2.25% to 2.625% cash-back on all purchases, with no annual fee, is about as good as it gets when it comes to non-bonused cash-back credit cards.

Final Thoughts

Though on the face of it, it might seem hard for the Bank of America Business Advantage Cash Rewards card to stand out among the sea of other small business cash-back cards, its competitive advantage lies with those who are also Preferred Rewards for Business members, allowing them to earn anywhere from 1.875% to 2.625% cash-back on all purchases with no annual fee.