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If you're looking for a simple business credit card that offers flat-rate rewards without an annual fee, the Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card will meet your needs. This card provides easy unlimited earning with a cash back rate of 1.5%.
Business owners who are Bank of America Preferred Rewards for Business members can earn up to 2.62% cash back when using this card. Read our full review to find out if it's right for you.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Credit Score:
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Excellent (740-850)
Credit Score
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Excellent (740-850)
Intro APR
Purchases: 0%, 9 billing cycles
Balance Transfers: N/A
Regular APR
17.74% - 27.74% (Variable)
Rewards
Earn unlimited 1.5% cash back on all purchases
1.5% cash back
Annual Fee
$0
Welcome Offer
$300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
$300
This card is excellent for business owners who want simple, unlimited cash back on every purchase, with no complicated categories or limits. We love that you can earn 1.5% cash back on all purchases, plus enjoy no annual fee and rewards that won’t expire. New cardholders can earn a $300 statement credit after spending $3,000 in the first 90 days. And, if you qualify for Preferred Rewards for Business, you can boost your earnings to up to 2.62% cash back. Plus, you’ll get 0% Intro APR on purchases for the first 9 billing cycles, with the flexibility to redeem your rewards however you choose.
Unlimited cash back with no expiration
No annual fee
0% intro APR
Foreign transaction fees
Mediocre incentives
Get a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
Earn unlimited 1.5% cash back on purchases, or join Preferred Rewards for Business for no fee, and earn up to an unlimited 2.62% cash back on all purchases if you have a Bank of America® business checking account and qualify for Preferred Rewards for Business Platinum Honors tier.
No annual cap and cash rewards don’t expire as long as your account remains open.
No annual fee.
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 your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 17.74% to 27.74% 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.
Full Bank of America Business Advantage Unlimited Cash Rewards review
This credit card is a good fit for: Business owners who want simple, unlimited rewards without paying an annual fee.
Top perks
These are the most notable highlights of the Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card.
New cardmember bonus offer
As a new Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card member, you can earn a bonus offer. You'll earn a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
The Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card has a 0% intro APR offer on purchases. This is valid for the first N/A. After the promotional period, the go-to variable APR applies.
No annual fee
If you're looking for a business rewards credit card without an annual fee, this credit card fits that requirement. There is no annual fee to use the Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card.
Earns rewards
You'll earn a flat 1.5% cash back on purchases made with the Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card. There are no purchase categories, so earning is straightforward.
Preferred Rewards for Business members can earn up to 75% more rewards
If you're a Preferred Rewards for Business member, you can increase the cash back you get from this credit card. Here's a breakdown of the extra rewards you earn depending on your Preferred Rewards for Business membership tier level:
Gold: 25% bonus rewards
Platinum: 50% bonus rewards
Platinum Honors: 75% bonus rewards
As a Platinum Honors member, you could earn 2.62% cash back by using the Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card.
No cap on rewards
When using this credit card, the earning potential is unlimited. There's no spending cap or cap on the rewards you can earn.
Travel and emergency services
While not marketed as a travel card, this credit card comes with travel and emergency services that could be useful if you travel for business purposes. The following benefits are included:
If you want a card with a generous bonus offer and no foreign transaction fees: The Capital One Spark 2X Miles has no foreign transaction fees, earns an unlimited 2X all eligible purchases, and has a nice sign-up bonus offer. This card also has an annual fee: $0 intro fee for first year; $95 after that.
If you want a business card with more rewards: The Ink Business Cash® Credit Card has no annual fee and earns up to 5% cash back in select spending categories. While it has spending caps for rewards, this card comes with a generous new cardmember bonus offer.
If those cards don't sound like a good fit, check out our full list of credit card reviews to find the right card for you.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Credit Rating Requirement:
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Excellent (740-850)
Poor
Fair
Good
Excellent
300-579
580-669
670-739
740-850
Excellent (740-850)
Credit Rating Requirement:
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Excellent (740-850)
Poor
Fair
Good
Excellent
300-579
580-669
670-739
740-850
Excellent (740-850)
Credit Rating Requirement:
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Good/Excellent (670-850)
Poor
Fair
Good
Excellent
300-579
580-669
670-739
740-850
Good/Excellent (670-850)
Welcome Offer:
$300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
$300
Welcome Offer:
Earn a one-time bonus of 50,000 miles – equal to $500 in travel – once you spend $4,500 on purchases within the first 3 months from account opening
50,000 miles
Welcome Offer:
Earn $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening.
Earn up to $750 bonus cash back
Rewards Program:
Earn unlimited 1.5% cash back on all purchases
1.5% cash back
Rewards Program:
Earn unlimited 2X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won't expire for the life of the account. Earn 5X miles on hotel and rental car bookings through Capital One Travel℠ using a Spark Miles card.
2X-5X miles
Rewards Program:
Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other card purchases with no limit to the amount you can earn.
Earn 5% cash back in select business categories
Intro APR:
Purchases: 0%, 9 billing cycles
Balance Transfers: N/A
Intro APR:
Purchases: N/A
Balance Transfers: N/A
Intro APR:
0% Intro APR on Purchases
Purchases: 0% Intro APR on Purchases, 12 months
Balance Transfers: N/A
Regular APR:
17.74% - 27.74% (Variable)
Regular APR:
25.74%, variable
Regular APR:
17.74% - 25.74% Variable
Annual Fee:
$0
Annual Fee:
$0 intro fee for first year; $95 after that
$0 intro fee
Annual Fee:
N/A
$0
Highlights:
Get a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
Earn unlimited 1.5% cash back on purchases, or join Preferred Rewards for Business for no fee, and earn up to an unlimited 2.62% cash back on all purchases if you have a Bank of America® business checking account and qualify for Preferred Rewards for Business Platinum Honors tier.
No annual cap and cash rewards don’t expire as long as your account remains open.
No annual fee.
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 your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 17.74% to 27.74% 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.
Highlights:
Earn a one-time bonus of 50,000 miles – equal to $500 in travel – once you spend $4,500 on purchases within the first 3 months from account opening
Earn unlimited 2X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won't expire for the life of the account
Earn 5X miles on hotel and rental car bookings through Capital One Travel℠ using a Spark Miles card
Transfer your miles to 10+ leading travel loyalty programs like JetBlue™, Air Canada, and Emirates™
Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services
Fly through security with one statement credit for either the $85 TSA Pre✓® application fee or the $100 Global Entry application fee
$0 intro annual fee for the first year; $95 after that
Free employee cards which also earn unlimited 2X miles from their purchases
Highlights:
Earn $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening
Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases
With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
No Annual Fee
Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
The Capital One Spark 2X Miles is unavailable on Motley Fool Money. All information was collected independently and not reviewed for accuracy or provided by the credit card issuer. Some items may be out of date.
What could be improved
While the Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card has many perks, the following drawbacks are worth noting.
Modest new cardmember bonus offer
Like many rewards credit cards, the Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card has a bonus offer to attract new cardmembers.
However, the offer is modest: You'll earn a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
Other business credit cards offer more attractive new cardmember bonus offers, albeit with a higher minimum spend.
Foreign transaction fee
If you plan to use this credit card while traveling abroad or to make international purchases, you might want to rethink that choice. The Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card has a foreign transaction fee of 3% of the U.S. dollar amount of each transaction.
Every time you use this card to purchase something in a foreign currency, you'll be charged this fee. If you intend to make international purchases with your business credit card, look for a card that has no foreign transaction fees.
Modest rewards rate
The Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card keeps things simple with flat-rate cash back earnings. However, the rewards rate is modest unless you're a Preferred Rewards for Business member.
You can find other rewards cards that offer more than 1.5% cash back.
Suggested credit score
This card is intended for consumers with excellent credit. To have the best chance of getting the Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card, you should have a FICO® Score of at least 740. Your credit score isn't the only factor that is considered, so it's possible to get approved with a lower score or be denied with a higher credit score.
Since this is a business credit card, you need to have a business to apply for it. However, various business owners may qualify for this credit card, including small business owners and sole proprietors.
It's worth noting that Bank of America may decline an application if your business already has or has had another Bank of America business card within the previous 24 months.
The Bank of America Business Advantage Unlimited Cash Rewards is right for you if:
The Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card could be a good option if you are a business owner with excellent credit who banks with Bank of America.
Preferred Rewards for Business members can earn up to 75% more rewards -- meaning eligible business owners could get up to 2.62% cash back on their purchases.
However, this business credit card isn't the best option if you don't have a Bank of America business bank account, since the 1.5% earning rate isn't as competitive as some other business credit cards.
You may want to consider another credit card if any of the following statements are true:
You want a more generous new cardmember bonus offer.
You want a card with a higher rewards rate.
You want a card with no foreign transaction fees.
You aren't a Bank of America Preferred Rewards for Business member.
At Motley Fool Money, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.
We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how Motley Fool Money rates credit cards.
FAQs
No, all eligible business owners can apply. However, Bank of America customers who are also Preferred Rewards for Business members can earn extra rewards to increase their cash back.
There are no individual spending categories. Purchases earn a flat 1.5% cash back with no annual cap or expiration.
The Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card offers flexible redemption options including deposit to Bank of America checking or savings account or cash-out as a statement credit.
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Bank of America is an advertising partner of Motley Fool Money. JPMorgan Chase is an advertising partner of Motley Fool Money. Natasha Gabrielle has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bank of America, JPMorgan Chase, Mastercard, and Target. The Motley Fool recommends the following options: long January 2025 $370 calls on Mastercard and short January 2025 $380 calls on Mastercard. The Motley Fool has a disclosure policy.
The Motley Fool owns shares of and recommends Visa and Mastercard.
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