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1.5% unlimited cash back with up to 2.62% for Preferred Rewards members
The Bank of America Business Advantage Unlimited Cash Rewards card earns 1.5% cash back on every purchase with no caps or category restrictions, no annual fee, and a $300 welcome bonus after $3,000 in spending. Preferred Rewards for Business members with $100,000+ in Bank of America deposits can boost their rate to 2.62% on all purchases.
Annual Fee
$0
Network
Mastercard Standard
Rewards Currency
Cash
Credit Required
Excellent
Bonus: $500 cash back
Spend: $5,000
Period: 3 months
Benefits & Perks
Combined Protection Value
$100,000
Travel protection bundle: $100K accident insurance, auto rental CDW, emergency ticket replacement, lost-luggage aid, and medical referrals.
Trigger: Travel must be purchased with the card
Reviews & Analysis
Details & Terms
| Purchase APR | 16.74%–26.74% (Variable) |
Boa Business Advantage family
| Card | Tier | Annual Fee | Note |
|---|---|---|---|
| Boa Biz Customized Cash | entry | $0 | |
| Boa Biz Travel Rewards | entry | $0 |
Product changes available between family members without a new credit inquiry.
Extends manufacturer warranties on eligible items purchased with your card, covering repair or replacement costs.
Monitor your credit file for suspicious activity with alerts for new inquiries, address changes, and accounts.
You won't be held responsible for unauthorized transactions made in store, online, or via mobile device.
Eligible purchases are protected against damage, loss, theft, and fire when paid for with your card.
Report lost or stolen cards 24/7 and get emergency card replacement and cash advance assistance worldwide.
Complimentary HealthLock membership to monitor and protect your medical identity and data.
Link to your BofA checking for automatic overdraft protection, transferring funds from your credit line when needed.
No-frills flat-rate business cash back card with 1.5% on everything, boosted up to 2.62% for Bank of America Preferred Rewards members. $0 annual fee, $300 welcome bonus, and 0% intro APR. Best for businesses that bank with Bank of America.
Credit Utilization (60%)
Excludes earning value, lounge access, insurance, and elite status
Total Value Captured
$0
Annual Fee
-$0
Net Annual Value
+$0
Comprehensive review covering 1.5% flat-rate cash back, Preferred Rewards for Business up to 2.62%, $300 bonus, and comparisons with Ink Business Unlimited and Amex Blue Business Cash.
Forbes Advisor review with 3.8/5 rating covering 1.5% cash back, Preferred Rewards tiered bonuses, 0% intro APR for 7 billing cycles, and comparison details.
TPG review of the no-fuss business cash back card. Covers 1.5% earning rate, Preferred Rewards up to 2.62%, $300 bonus, and comparison with Chase Ink Business Unlimited.
Nav's comparison of all Bank of America business credit cards including Unlimited Cash Rewards, Customized Cash Rewards, and Travel Rewards. Focuses on business owner needs.
Motley Fool analysis showing how Preferred Rewards program boosts earnings to $1,200+ annually on business spending. Breaks down earning potential by tier.
US News review of the personal version of Unlimited Cash Rewards card, useful for comparing business and personal variants' features and earning structures.
Credit Karma overview with credit score insights. Reports average score 695 for matched applicants and most common score 816. Covers card features and approval likelihood.
Yahoo Finance review highlighting straightforward 1.5% cash back on every purchase and flexible redemption options. Discusses card's position in no-annual-fee market.
| Source | Verified | Citation |
|---|---|---|
| RewardsCC API | — | RewardsCC API |
| Issuer Page | Issuer Page: Welcome offer | |
| Issuer Page | Issuer Page: Base earn rate | |
| Bank of America | Bank of America: Multiple card facts | |
| Bank of America | Bank of America: Multiple card facts | |
| Bank of America | Bank of America: Multiple card facts | |
| Bank of America | Bank of America: Multiple card facts | |
| Issuer Page | Issuer Page: Welcome offer |
