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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.
Intro Purchase APR
0% Introductory APR on purchases for the first 9 billing cycles
Regular Purchase APR
15.24% - 25.24% Variable APR
Intro BT APR
N/A
Regular BT APR
15.24% - 25.24% 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.
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:
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 15.24% - 25.24% 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.
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.
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 16.24% - 24.24% 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.
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| 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 |
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Apply Now on Bank Of America's secure site
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Apply Now on American Express's secure site
Terms Apply
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Apply Now on Bank Of America's secure site
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Apply Now on Capital One's secure site
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| 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 | |||
| 15.24% - 25.24% Variable APR | 16.24% - 24.24% Variable | 15.24% - 25.24% Variable APR | 18.99% - 26.99% (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 |
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.