BofA Business Advantage Unlimited Cash Rewards Card
Bank of America has launched a new small business credit card. The Business Advantage Unlimited Cash Rewards card earns unlimited 1.5% cash back on all purchases. The cash back rate can go as high as 2.62% with a Preferred Rewards relationship. The card has no annual fee and cash rewards are easy to redeem.
But the most worthy feature of this new card is the signup bonus. There’s a $300 offer online, but Bank of America bankers can get you a better offer for $500. Let’s see how the bonus works, and some more details on this new card.
The Offer
This is the online offer for $300:
- Get a $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening.
- 0% Introductory APR on purchases for 9 billing cycles from account opening.
- Application page
But there’s a better $500 bonus available through Bank of America small business bankers:
- Get a $500 statement credit when you make at least $5,000 in net purchases within 90 days of your account opening.
- 0% Introductory APR on purchases for 9 billing cycles from account opening.
Rapid Travel Chai first posted this offer, and can also put you in touch with a banker if you don’t have an existing relationship.
Business Advantage Unlimited Cash Rewards Card Details
- Earn unlimited 1.5% cash back on all purchases.
- You can earn up to 75% more cash back with the highest Preferred Rewards for Business tier. That’s up to 2.62% cash back on all purchases.
- No annual cap and cash rewards don’t expire.
- No annual fee
You have a few easy options to redeem your cash back. You can deposit the accumulated cash back into your Bank of America checking or savings account, apply it to your account as a statement credit, or have a check mailed to you.
Conclusion
This is not a very exciting product for most people. But the Bank of America Business Advantage Unlimited Cash Rewards card gets better if you’re a Preferred Rewards Platinum Honors members. Then you would earn 2.62% cash back on all purchases.
The card is worth getting for the signup bonus though. The $300 offer is not great, but if you can get in touch with a banker and get the $500 bonus, then it’s worth going for it.
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