Bank of America Business Advantage Unlimited Cash Rewards
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Affiliate link, we may earn a commission. Terms, rates, and sign-up bonuses are set by the issuer and can change. See the issuer site and our advertiser disclosure.
Earning rates
2- 1.5%
Unlimited 1.5% cash back on every purchase with no caps and no rotating categories, plus any Preferred Rewards for Business tiered relationship bonus on top of the base 1.5% (per the Bank of America issuer product page).
- travel
3% foreign transaction fee on purchases made outside the United States or in a foreign currency, which more than wipes out the 1.5% base cash back on international charges (per Bankrate, NerdWallet, Upgraded Points, and the WalletHub foreign transaction fee Q&A). This card is NOT a good fit for international business travel — pair it with a no-FX-fee card for foreign purchases.
Perks & memberships
2- Authorized usersFree employee cards at no additional cost, with the ability to set individual employee spending limits and track employee spend separately in Business Advantage 360 online banking (per the Bank of America issuer apply page heading 'Employee cards at no additional cost').
- RedemptionCash rewards have no minimum redemption threshold and never expire as long as the account remains open and in good standing — redeem for a statement credit, a deposit to a Bank of America business checking or savings account, or as a credit toward outstanding business credit card balances (per the Bank of America issuer apply page).
Travel & purchase protections
1- $0 fraud liability protection — cardholders are not held responsible for unauthorized transactions reported promptly (per the Bank of America 'zero liability and purchase protection' disclosure on the apply page).
More benefits & fine print (6)ShowHide
- Preferred Rewards for Business relationship bonus: 25% / 50% / 75% rewards bonus at the Gold / Platinum / Platinum Honors business banking tiers, based on a three-month combined daily balance in qualifying Bank of America business deposit accounts and/or Merrill business investment accounts (per the Bank of America Preferred Rewards for Business disclosure quoted on the apply page).
- Preferred Rewards for Business tier thresholds per the apply-page disclosure: $20,000 combined three-month average daily business balance for Gold, $50,000 for Platinum, and $100,000 for Platinum Honors. At Platinum Honors the 75% bonus lifts the effective rate on this card from 1.5% to 2.625% on every purchase with no caps — one of the highest no-AF flat rates available in the US small-business market.
- Effective cash-back rates by Preferred Rewards for Business tier on every purchase with no category caps: 1.5% base (no enrollment), 1.875% (Gold, 25% bonus), 2.25% (Platinum, 50% bonus), 2.625% (Platinum Honors, 75% bonus) (per the Bank of America apply page rewards calculator).
- Mastercard network branding (the consumer-side sibling card is dual-issued on Visa and Mastercard, but the Business Advantage Unlimited Cash Rewards is exclusively a Mastercard product per the issuer product title and the product page meta tags).
- Business cards from Bank of America generally report only to commercial credit bureaus (Dun & Bradstreet, Experian Business) and do not impact the cardholder's personal FICO once the account is open, though Bank of America evaluates personal credit and total relationship exposure during underwriting (per BoA's small-business credit card underwriting practices documented across Doctor of Credit and OMAAT business card guidance).
- Eligible to apply as a sole proprietor with just an SSN — an EIN is accepted but not required; the card is broadly available to micro-businesses, LLCs, partnerships, and S-corps in the United States (per the Bank of America small-business credit card apply funnel).
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