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Bank of America to Launch Business Unlimited Cash Rewards Card with Up to 2.62% Cash Back

DDG
DDG

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Bank of America Business Unlimited Cash Rewards Card

Bank of America to Launch Business Unlimited Cash Rewards Card

Bank of America recently launched a new product called Unlimited Cash Rewards Card. The card comes with a $200 signup bonus and 1.5% cash back on all purchases. However, that cash back rate can go as high as 2.62% with the 25% to 75% boost for Preferred Rewards members.

The credit card issuer has also announced that a similar business product will launch in October. The Business Advantage Unlimited Cash Rewards credit card will enable small business owners to earn unlimited 1.5% cash back on all purchases. So the card will be very similar to the personal card.

Business Advantage Unlimited Cash Rewards clients enrolled in Preferred Rewards for Business can also increase their credit card rewards bonus by 25% to 75%, depending on the rewards tier for which they qualify. So they can earn as much as 2.62% on all business purchases if they qualify for the Preferred Rewards Platinum Honors tier.

The Business Advantage Unlimited Cash Rewards card will have no annual fee and rewards will not expire.

Conclusion

The specs on this card are the personal credit card. So I think we should also see at least a $200 bonus when the card launches later this year.

One thing that makes the business version more attractive, is that it will not report to your personal credit report. That could make it a better option for those who are worried about the Chase 5/24 rule. And if you qualify for the Preferred Rewards Platinum Honors tier, you can have a 2.62% cash back card in your wallet for non-bonused spend.

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

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Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
DDG
DDGhttp://dannydealguru.com
Based in NYC. Points/miles enthusiast for years and actively writing about it for the last 6+ years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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At Miles to Memories we share the best tips, tricks and deals plus travel rants, musings, hotel, airline and loyalty program reviews and a lot more! Our goal is to help people save money so they can get out there and travel the world! Through our various blog posts, podcasts & videos we teach others how to maximize loyalty rewards, hotel & airline programs and credit cards to achieve amazing things.

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