How Does LendingTree Get Paid?
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How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

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Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card Review

Bank of America<sup>®</sup> Business Advantage Unlimited Cash Rewards Mastercard<sup>®</sup> credit card

Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card Review

Sign-Up Bonus
Get a $300 statement credit online bonus after you make at least $3,000 in net purchases in the first 90 days of your account opening.
Rewards Rate
Earn unlimited 1.5% cash back on all purchases everywhere, every time
APR
14.49% - 24.49% Variable APR and balance transfers
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who is the Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card best for?

The Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card is a great choice to manage your business’s cash flow if you don’t have big spending categories and instead prefer to earn flat-rate cash back on every purchase you make. It’s an even better choice if you qualify for Bank of America’s Preferred Rewards for Business program, which can boost your cash back rate by up to 75%.

However, some business owners might find the American Express Blue Business Cash™ Card a better fit due to its higher base cash back rate (though there is a $50,000 annual spending cap, after which your earning rate drops). We’ll compare the two cards to help you make the right choice for your business.

Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card overview

    • Get a $300 statement credit online bonus after you make at least $3,000 in net purchases in the first 90 days of your account opening.
    • Earn unlimited 1.5% cash back on all purchases everywhere, every time.
    • No annual cap and cash rewards don’t expire. 
    • No annual fee.
    • 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 you could earn up to an unlimited 2.62% cash back on all purchases.
    • Choose how to redeem your cash rewards – as a deposit into your Bank of America checking or savings account, as a card statement credit or as a check mailed to you.
    • 0% Introductory APR on purchases for the first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 14.49% to 24.49% will apply.
    • Contactless Cards - the security of a chip card, with the convenience of a tap.
    • This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
  • Credit needed:
    720 850
    Excellent
  • $100,000 in travel accident insurance
  • Auto rental insurance
  • Emergency ticket replacement
  • Lost luggage assistance
  • Legal and medical referrals when away from home
  • Cash flow management tools

Intro Purchase APR

0% Introductory APR on purchases for the first 9 billing cycles

Regular Purchase APR

14.49% - 24.49% Variable APR

Intro BT APR

N/A

Regular BT APR

14.49% - 24.49% Variable APR on balance transfers

Annual Fee

$0

Cash Advance Fee

$10 or 4% of the amount of each transaction, whichever is greater. Includes Convenience Checks.

Foreign Transaction Fee

3% of the U.S. dollar amount of each transaction

Balance Transfer Fee

$10 or 4% of the amount of each transaction, whichever is greater.

Pros and cons

Pros

  • Flat-rate cash back program
  • Earn a sign-up bonus
  • Intro APR on purchases
  • $0 annual fee

Cons

  • Charges a foreign transaction fee
  • Some cards earn higher cash back rates

What we like about the Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card

  • Earn cash back on every purchase

    This card lets you earn unlimited 1.5% cash back on all purchases everywhere, every time. That makes it ideal for business owners who don’t have big spending categories, and would rather earn a flat rate on every purchase. Redemption options for your cash back include:

    • Deposits into a Bank of America checking or savings account
    • Credits to your credit card account
    • Physical checks sent via mail

    Plus, with the Preferred Rewards for Business program, you have the chance to earn up to 75% more cash back — that means you could earn up to 2.62% cash back on every purchase with this card.

  • Chance to earn a sign-up bonus

    Cardholders can get a $300 statement credit online bonus after you make at least $3,000 in net purchases in the first 90 days of your account opening.

  • Intro APR period

    If you need to finance a big-ticket purchase for your business, you can do that for a reasonable amount of time with this card’s 0% Introductory APR on purchases for the first 9 billing cycles. After, a 14.49% - 24.49% Variable APR applies.

  • No annual fee

    Some cards charge annual fees around $95 or even upward of $500 — but the annual fee for the Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card is $0.

    That means, as long as you don’t incur other fees or interest charges, all the rewards you earn will be net cash back in your bank account.

What to watch out for with the Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card

  • This card charges a foreign transaction fee

    This isn’t the best card to take with you if you have to travel abroad for business due to the foreign transaction fee: 3% of the U.S. dollar amount of each transaction.

  • Some cards have higher rewards rates

    It’s possible to find business cards that earn 3% or 5% cash back. In light of that, 1.5% cash back might seem subpar. However, it should be noted these higher rates may come with limitations such as specific rewards categories and quarterly or annual spending caps.

Alternate business card

Compare it to the American Express Blue Business Cash™ Card

| Disclosures
American Express Blue Business Cash™ Card
American Express Blue Business Cash™ Card
on American Express's secure site
Terms Apply
0% on purchases for 12 months from date of account opening
15.49% - 23.49% Variable
No annual fee
Earn 2% cash back on all eligible purchases on up to $50,000
  • Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
  • Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
  • From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
  • Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.
  • 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 15.49% - 23.49%, based on your creditworthiness and other factors as determined at the time of account opening.
  • No Annual Fee
  • Terms Apply
680 850

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

For businesses with a lower annual spend, and that don’t meet the Preferred Rewards for Business requirements, the American Express Blue Business Cash™ Card will probably be a more rewarding cash back card.

The American Express Blue Business Cash™ Card lets you earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. That’s up to $1,000 in cash back before your earning rate drops. Cash back is redeemable for statement credits.

And, like the Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card, the American Express Blue Business Cash™ Card offers a 0% intro APR: 0% on purchases for 12 months from date of account opening, after which a 15.49% - 23.49% variable APR applies.

There’s no annual fee to carry the American Express Blue Business Cash™ Card. On the downside, it does charge a foreign transaction fee of 2.7% of each transaction after conversion to US dollars.

To see the rates and fees for the American Express Blue Business Cash™ Card, please click here.

Compare the Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card to similar cards

Comparison of four different credit cards
Bank of America<sup>®</sup> Business Advantage Unlimited Cash Rewards Mastercard<sup>®</sup> credit card American Express Blue Business Cash™ Card Bank of America<sup>®</sup> Business Advantage Customized Cash Rewards Mastercard<sup>®</sup> credit card Capital One Spark Cash Select - 0% Intro APR for 12 Months
Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card American Express Blue Business Cash™ Card Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card Capital One Spark Cash Select - 0% Intro APR for 12 Months
Apply Now
on Bank Of America's secure site
Apply Now
on American Express's secure site
Terms Apply
Apply Now
on Bank Of America's secure site
Apply Now
on Capital One's secure site
Welcome Offer
Get a $300 statement credit online bonus after you make at least $3,000 in net purchases in the first 90 days of your account opening. $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months $300 statement credit online bonus after you make at least $3,000 in net purchases in the first 90 days of your account opening. N/A
Rewards Rate
Earn unlimited 1.5% cash back on all purchases everywhere, every time Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1% Earn 3% cash back in the category of your choice (for the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter), 2% cash back on dining purchases (for the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter) and 1% cash back on all other purchases 1.5% Cash Back on every purchase; 5% Cash Back on hotels and rental cars booked through Capital One Travel
Intro Purchase APR
0% Introductory APR on purchases for the first 9 billing cycles 0% on purchases for 12 months from date of account opening 0% Introductory APR on purchases for the first 9 billing cycles 0% on purchases for 12 months
Regular APR
14.49% - 24.49% Variable APR 15.49% - 23.49% Variable 14.49% - 24.49% Variable APR 17.49% - 25.49% (Variable)
Annual Fee
$0 No annual fee $0 $0
Card Details
Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card American Express Blue Business Cash™ Card Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card Capital One Spark Cash Select - 0% Intro APR for 12 Months

Is the Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card right for you?

If you’re looking for a $0-annual-fee card that earns flat-rate cash back on every purchase, the Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card is a good option. Plus, thanks to its sign-up bonus and intro APR period, it works well if you need to finance a big-ticket item.

For business owners who are loyal Bank of America customers but would prefer to end a higher rate in a specific category, such as gas station purchases, the Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card is also worth consideration.

To see the rates and fees for the American Express Blue Business Cash™ Card, please click here.

Apply Now
on Bank Of America's secure site