Bank of America Announces Unlimited Business Advantage Cash Rewards Card, Offering 1.5% Cash Back Everywhere


Bank of America launched the new Bank of America Business Advantage Unlimited Cash Rewards on Thursday. This card is for small business owners who want to be credited with an easy refund with no annual fees on their purchases. You can also increase your cash back earnings with the card by exchanging its banking features with Bank of America and enrolling in its Bank of America Preferred Rewards for Business program.

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The 1.5% unlimited cashback just wasn’t amazing in itself, the card was a great opportunity as it represented the chance for Platinum Honors holders to earn up to 2.625% cashback anywhere. Bank of America introduced a new card earlier this week: the Bank of America Business Advantage Unlimited Cash Rewards Mastercard. The above means that Preferred Rewards cardholders can also earn up to 2.625% on this card.

Bank of America

Chris Wong, Director of Small Business Products for Bank of America, said, “Running a business can indeed be difficult, but earning rewards on your spending should be simple and convenient,” he added, “With the introduction of the Business Advantage Unlimited Cash Rewards card, we have simplified the way entrepreneurs are compensated for their expenses, allowing them to focus on operating and expanding their businesses.

Ultimate Benefits of Unlimited Cash Reward Cards

When you use the card, you will receive 1.5% cash back on all qualifying purchases. If you are authorized to use the card, you will receive $ 300 cash back after paying $ 3,000 in net purchases within the first 90 days of joining the card. Bank of America Business Unlimited has a decent rate of pay, but it’s not the best.

Most Business Unlimited cards, for example, earn the same 1.5% cash back on everything, but have a much larger sign-up bonus of $ 750 after spending $ 7,500 in the first three months following. opening the account. It offers 2% cash back on all qualifying purchases, but there is an annual fee of $ 199.

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Enrolling in the Preferred Rewards for the Business program allows you to increase the amount of cash back you earn. Your rewards will be increased to 1.87%, 2.25% or 2.62% cash back on all qualifying purchases, depending on the tier you belong to, determined by the number of assets you have stored with Bank of America.

The cashback of the card can be used in different ways. Simply transfer it to your Bank of America savings account, accept it as a credit on your card statement, or have a check mailed to you. The good thing is that a cash back rewards credit card is tax free. So you can keep whatever you earn without having to worry about receiving a 1099 form.

And on top of that, there is no annual fee with this card. This new business card is virtually identical to the personal unlimited cash rewards card recently introduced by Bank of America. The unlimited cash rewards card has no annual fee and earns 1.5% cash back on items purchased. If you are a Bank of America Preferred Rewards member, you may qualify for a higher cash back rate.

The card also comes with a welcome bonus of $ 200 if you spend $ 1,000 in the first 90 days after opening your account. The card was launched with the features of unlimited cash rewards, earning more with favorite rewards, award winning credit card options, and more.

What to look for when choosing a business credit card

There are several cards available in the market. It depends on the method of spending and the benefits required, which vary from person to person. Do cashback or benefits make you more valuable? If so, you can choose a business credit card that earns travel rewards and offers a plethora of travel benefits, like the Business Platinum Card® from American Express, which may be better suited than the Business Advantage card. Unlimited Cash Rewards.

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Another important factor here is the annual membership fee. Are you indifferent to the annual fees you pay on the credit card? A few business credit cards do not have an annual fee, while others have high fees to offset the card’s benefits. Before you start your research, you need to determine how much you are willing to pay for an annual membership fee. How do you spend your money? You just need to pay close attention to how they reward cardholders when weighing your options.

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