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Need a business credit card that rewards every purchase without complicated categories or annual fees? The Bank of America(R) Business Advantage Unlimited Cash Rewards Mastercard(R) credit card could be your company’s solution.
This Bank of America business card rewards you with 1.5% cash back on everything you buy, with no spending limits or expiration dates. You’ll also get a signup_reward online statement credit after spending signup_bonus_spend_amount in the first signup_bonus_timeframe. The card’s value increases if you already have a Bank of America account. Business customers who qualify can boost their rewards to 2.62% cash back through the Preferred Rewards for Business program – making it one of the highest flat rates for any business card.
The card keeps things simple. You won’t need to track rotating categories or spending caps. The rewards system works consistently on all purchases. And the $0 annual fee lets you run your business and earn cash back on every dollar you spend without added costs.
Who should consider the Business Advantage Unlimited Cash Rewards Mastercard®?
You need to think over how well the Business Advantage Unlimited Cash Rewards Mastercard® matches your company’s needs. This depends on your banking relationships, spending patterns, and business travel habits. The card works great for some business profiles and not so well for others.
Best for Bank of America business customers
This card really shines when you’re already a Bank of America business client. The Preferred Rewards for Business program lets you boost your cash back rate by up to 75%. This means you could earn 2.62% on all purchases. Getting these improved rewards needs two things: an active Bank of America business checking account and a three-month combined average daily balance of at least $20,000 in qualifying Bank of America business deposit or Merrill business investment accounts. Your banking relationship’s value grows as your business expands and your balances get bigger.
Ideal for flat-rate spenders
Businesses that spread their spending across different areas will probably love this card. You earn 1.5% cash back on every purchase, whatever the category. There’s no need to keep track of rotating bonus categories or changing spending patterns. The card gives predictable returns that work well for business spending equally on office supplies, software, travel, and marketing. It’s a great fit for:
- Small businesses with up-and-down monthly expenses
- Companies that spread their spending around
- Business owners who like keeping things simple
Not ideal for international purchases
The Business Advantage Unlimited Cash Rewards Mastercard® is an ideal choice for businesses that operate primarily in the U.S. While a foreign transaction fee (foreign_transaction_fee) applies to overseas purchases, this is a common feature on many cards and can be easily managed.
For businesses that travel or transact internationally, a good strategy is to pair this card with one of Bank of America’s other business credit cards that does not charge a foreign transaction fee. This allows you to continue earning unlimited cash back on all your domestic spending while avoiding extra charges on your international purchases.
Earning rewards: Flat rate simplicity with tiered boosts
The Bank of America(R) Business Advantage Unlimited Cash Rewards Mastercard(R) credit card makes your rewards strategy simple with a clear earning structure. Your banking relationship determines how much value you can get from this card.
1.5% base cash back on all purchases
This card’s appeal comes from its simple earning system. Your business earns 1.5% cash back on every purchase. This flat-rate system means you get the same reliable return whether you buy office supplies, book business travel, pay for client dinners, or invest in technology. Each dollar you spend turns into rewards without complex category tracking or quarterly bonus activation.
Preferred Rewards tiers and bonus rates
Bank of America’s Preferred Rewards for Business program takes this card to the next level. Your earning potential grows with your business banking relationship:
Balance requirement
Rewards bonus
Effective cash back rate
Gold
$20,000-$49,999
25%
1.87%
Platinum
$50,000-$99,999
50%
2.25%
Platinum Honors
$100,000+
75%
2.62%
You need an active Bank of America business checking account and a three-month combined average daily balance in qualifying Bank of America business deposit or Merrill business investment accounts to qualify for these bonus tiers. Your benefits last at least a full year once you reach a tier, even if your balances drop temporarily.
No spending caps or category restrictions
This card stands out from other business rewards cards because it doesn’t limit your earnings within bonus categories. Your rewards stay valid as long as your account remains active.
Here’s what this means in real terms: $100,000 in annual spending earns you $1,500 in standard cash back. With Platinum Honors status, that same spending brings in $2,620 – giving you $1,100 more in rewards each year. This card works best for businesses that have substantial Bank of America deposits and want simple rewards instead of category-specific bonuses.
Costs and benefits: what you can gain vs. what you pay
The Business Advantage Unlimited Cash Rewards Mastercard® combines financial rewards with protective benefits that can boost its value proposition.
No annual fee and signup_reward welcome bonus
This card comes with a $0 annual fee, so you can keep your account without any recurring costs. Plus, new cardholders can earn a signup_reward online statement credit by spending signup_bonus_spend_amount in their first signup_bonus_timeframe. This welcome bonus puts cash back into your business accounts with an achievable spending requirement.
0% intro APR intro_apr_duration
The card offers a 0% introductory APR on purchases intro_apr_duration before regular reg_apr,reg_apr_type applies. This interest-free window lets you finance larger business expenses or manage cash flow during growth phases without extra charges.
Travel and purchase protections included
The card has excellent business travel perks, including $100,000 in travel accident insurance. Protection benefits cover auto rental insurance, emergency ticket replacement, lost luggage assistance, and legal and medical referrals while traveling. Your purchases get protection against loss, damage, theft, or fire, plus extended warranty coverage. These built-in features can give business travelers peace of mind at no extra cost.
How it compares to other Bank of America business credit cards
A good understanding of Bank of America’s business card options can help you find the perfect card that matches your needs.
Business Advantage Customized Cash Rewards Mastercard®
The Bank of America(R) Business Advantage Customized Cash Rewards Mastercard(R) credit card works great for businesses with focused spending patterns. You’ll earn 3% cash back in one choice category: gas stations/EV charging, office supplies, travel, telecom/wireless, computer services, or business consulting. The card also gives 2% back on dining purchases. These rates apply to your first $50,000 in combined choice category and dining purchases each year, then drop to 1%. This card might suit companies that spend heavily in specific categories better than the Unlimited Cash Rewards, which pays a flat 1.5% on everything. And like the Unlimited Cash Rewards card, it also has no annual fee.
Business Advantage Travel Rewards World Mastercard®
The Bank of America(R) Business Advantage Travel Rewards World Mastercard(R) credit card might be your best bet if you’re always on the road. Like the Unlimited Cash, it rewards 1.5 points for every dollar spent. The big difference shows up in how you use your rewards and handle foreign transactions. The Travel card doesn’t charge any fees for international purchases, which makes it ideal if you do business globally.
Platinum Plus® Mastercard® Business card
The Bank of America(R) Platinum Plus(R) Mastercard(R) Business card takes a different approach. While it doesn’t have an ongoing rewards program, you’ll still get that same signup_reward welcome bonus after spending signup_bonus_spend_amount in signup_bonus_timeframe. The card’s standout feature is its shorter 0% APR period intro_apr_duration, before reg_apr,reg_apr_type applies. This card makes sense if you want a lower intro APR and don’t care much about earning rewards.
Bottom line
The Bank of America(R) Business Advantage Unlimited Cash Rewards Mastercard(R) credit card is a practical choice for business owners who want simple rewards without annual fees. You’ll get 1.5% cash back on all purchases without tracking rotating categories. The deal gets even better for Bank of America customers – qualified businesses can earn up to 2.62% through the Preferred Rewards for Business program.
Your business spending habits should guide your decision about this card. Companies with expenses in many different categories will enjoy steady returns. However, businesses that spend heavily in specific areas might do better with category-focused cards. This card really shines when you link it with Bank of America business accounts, especially those with balances over $20,000.
The right choice between this and other options like the Business Advantage Customized Cash Rewards Mastercard® or Travel Rewards cards depends on your priorities. You might prefer targeted category bonuses or need cards without international fees. This card’s main appeal lies in its simplicity – the same reward rate applies to everything you buy, which makes it a solid everyday business card.
Business owners who want uncomplicated rewards are sure to find this card appealing, especially Bank of America customers. Your rewards grow as your banking relationship expands, and the card becomes more valuable as your company grows. From startups to 20-year-old enterprises, this no-annual-fee card earns cash back on every purchase while keeping the rewards program refreshingly simple.
