Am I eligible?
To get this card, you must also:
Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.
What the Critics Are Saying...
- Steven Dashiell, FinderIf you find the terms of earning the card’s 2.62% cash back acceptable, this card can generate your business some of the highest flat-rate returns on your purchases available on a business card. But if you don’t, or your business simply can’t meet these requirements, the Bank of America Business Adv...
- Benilyn Formoso - Suralta, Fit Small BusinessThe Bank of America® Business Advantage Unlimited Cash Rewards card is a no-annual-fee credit card that offers unlimited 1.5% cash back on all purchases. This is an excellent cash back credit card for business owners who have existing accounts with Bank of America.
- Chauncey Crail, Dia Adams, ForbesFor small to medium businesses who already have accounts or do business with Bank of America, the Business Advantage Unlimited Cash Rewards card might make a lot of sense. For those who want to better leverage cash back against a specific category, its sister card, the Business Advantage Customized...
- Stella Shon, The Points GuyCertain businesses may prefer to earn cash back rather than points and miles for a more straightforward approach to earning rewards. That way, business owners can spend their rewards exactly how they want — whether to reduce their current expenses or to grow and innovate over time. The Bank of Ameri...
- US Credit Card GuideIts sign-up bonus is decent for a no fee card. If you can reach the highest level of BoA Preferred Rewards (business version), then the spending rewards is 2.625% on everything which is very good.
Details
| Interest Rates | |
|---|---|
| Regular APR Interest Rate |
12.49% ‐ 22.49% (Variable) (0% for the first 9 months) This APR will vary with the market based on the Prime Rate. |
| Balance Transfer Interest Rate |
12.49% ‐ 22.49% (Variable) This APR will vary with the market based on the Prime Rate. |
| Cash Advance Interest Rate |
24.49% (Variable) This APR will vary with the market based on the Prime Rate. |
| Rates & Fees | |
| Annual Fee | $0.00 |
| Balance Transfer Fee |
4% Minimum of $10 |
| Cash Advance Fee |
4% Minimum of $10 |
| Foreign Transaction Fee |
3% Of each transaction in U.S. dollars. |
| Over Limit Fee | $0.00 |
| Late Payment Fee |
$49.00 Maximum |
| Promotions | |
| Sign up bonus |
$300 after spending $3,000 On purchases within the first 3 months |
| Rewards | |
| All Purchases | 1.5% cash back |
| Restaurants | No |
| Gas | No |
| Groceries | No |
| Hotels | No |
| Travel | No |
| Pharmacy | No |
| Bills | No |
| Additional Details |
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 up to 2.62% cash back on all purchases. |
| Features & Benefits | |
| Additional Card Holders | Yes |
| Travel Accident Insurance | Yes |
| Car Rental Insurance | Yes |
| Car Rental Discount | No |
| Extended Warranty | Yes |
| Purchase Protection | Yes |
| Zero Liability | Yes |
| No Foreign Transaction Fees | No |
| Emergency Assistance | No |
| Concierge Service | No |
| Price Protection | No |
| Fraud Protection | Yes |
| Free Credit Scores | No |
| Wireless Payments | No |
| Virtual Cards | No |
| Additional Benefits |
|
| Eligibility | |
| Minimum Security Deposit | $0 |
| Minimum Age | 18 |
| Minimum Personal Income | |
| Temporary Residents | No |
| More | |
| Additional comments | - |
| Terms & Conditions | Official Terms & Conditions |
| Suggest a correction |
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