Fintech: Southeast News

Fintech Southeast News curated each weekday for Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, and Tennessee



Posted October 27, 2021


Bank of America announced on Thursday the new Bank of America Business Advantage Unlimited Cash Rewards. This card is designed for small business owners who want to be rewarded on their purchases with simple cash back and no annual fee.

In addition, you can increase your cash-back earnings with the card by switching your banking functions to Bank of America and participating in its Bank of America Preferred Rewards for Business program.

Select analyzed the card to help determine whether or not it is worth a spot in your wallet, and how you can pick the best business credit card for yourself.
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{mprestriction ids="1,4,9"}The Bank of America Business Advantage Unlimited Cash Rewards is a simple, yet effective card for business owners to earn cash back on their purchases.

As you spend on the card, you will earn 1.5% cash back on all eligible purchases. And when you are approved for the card, you can earn a respectable welcome offer of a $300 statement credit after you spend $3,000 in net purchases in the first 90 days of card membership.

Compared to other business credit cards the Bank of America Business Unlimited offers a decent rewards-earning rate, but not the absolute best. For example, the Chase Ink Business Unlimited® earns the same 1.5% cash back on everything, but has a glaringly larger welcome offer, where you can $750 after spending $7,500 in the first three months after account opening. The Capital One Spark Cash Plus offers 2% cash back on all eligible purchases but comes with a $199 annual fee.


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