Bank of America Business Advantage Unlimited Cash Rewards Mastercard® Credit Card
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The Bank of America Business Advantage Unlimited Cash Rewards Mastercard® Credit Card is a business credit card designed for those who like a simple cash back structure. There is also a nice welcome offer, plus 0% introductory APR on purchases for the first 9 billing cycles. You can boost your cash back rate if you have a business checking account that qualifies for Preferred Rewards for Business Platinum Honors tier. You can reach that tier by having a business checking account and/or a Merrill Lynch investment account with a combined average daily balance of $100,000. That earns you a 75% cash back boost, so you could earn 2.62% cash back. That makes this card an excellent value, if you bank at Bank of America. We dive into the details and your approval odds in this Business Advantage Cash Rewards review.
Our Rating
4.2/5.0
Welcome Offer
$300 online statement credit
Annual Fee
$0
0% on Purchases
9 billing cycles
Reward Rate
1.5% cash back
0% on Balance Transfers
N/a
Welcome Offer
Get a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
Features & Benefits
| Security | Credit Score Monitoring, EMV Chip Enabled, Fraud Monitoring, Zero Liability |
| Contactless Payments | Tap to Pay, Apple Pay, Google Pay, Samsung Pay |
| Benefits | Free credit score access, 24/7 customer service |
| Travel Perks | Auto Rental Collision Damage Waiver, Emergency Travel Assistance, Luggage Protection, Travel Accident Insurance |
Rewards
Interest Rates & Fees
| Annual Fee | $0 |
| Foreign Transaction Fee | 3% of the U.S. dollar amount of each transaction made in a foreign currency. This fee does not apply to Cash Advance, Cash Equivalent, or Wire Transfer transactions. |
| Regular APR | 18.49% to 28.49% variable (V) APR |
| Purchases | 0% Intro APR for 9 months on purchases, then 18.49% to 28.49% variable (V) APR after that. |
What Credit Score Is Required to Get the Bank of America Business Advantage Unlimited Cash Rewards Mastercard® Credit Card
The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use numerous factors in their underwriting process, and these factors can change at any time.
Lowest Approved Credit Score: 743
Average Approved Credit Score: 750
| App Status | Date | Credit Score | Bureau | Credit Limit |
|---|---|---|---|---|
| Approved | 01/17/2024 | Equifax | ||
| Approved | 01/17/2024 | TransUnion | ||
| Approved | 01/17/2024 | Experian |
Pros & Cons
- Welcome offer
- No annual fee
- Bank of America business customers can earn 75% more cash back
- High APR
- Foreign transaction fee
- Requires good credit
What Are the Best Alternatives?
Capital One Spark Cash Plus
Rating
4.8
Rewards Range
2% to 5%
Annual Fee
$150
The American Express Blue Business Cash™ Card
Rating
4.6
Rewards Range
1% - 2%
Annual Fee
No annual fee
Ink Business Unlimited® Credit Card
Rating
4.6
Rewards Range
1.5%
Annual Fee
$0