The Business Advantage Unlimited Cash Rewards credit card doesn’t get a ton of attention since it doesn’t have unique features to set it apart from other rewards cards, but it can be a terrific option for a business with a high amount of cash or investment reserves. Better yet, as reported by Doctor of Credit, the introductory bonus is back up to a $500 statement credit after $5,000 in purchases in the first 90 days.
The Offer & Key Card Details
| Card Offer and Details |
|---|
 ⓘ $420 1st Yr Value EstimateClick to learn about first year value estimates $500 statement credit Non-AffiliateThis is NOT an affiliate offer. We always present the best offer even when it means less revenue for Frequent Miler $500 statement credit after $5K spend in the first 90 daysNo Annual Fee Information about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. Earning rate: 1.5% everywhere; Earn up to 2.625% back everywhere with Bank of America Platinum Honors status. Note that you'll need Preferred Rewards on the business side ("Preferred Rewards for Business") to earn a greater return. Base: 1.5% Card Info: Mastercard issued by BOA. This card imposes foreign transaction fees. Noteworthy perks: Up to 75% bonus for Preferred Rewards for Business banking customers |
Quick Thoughts
As noted at the top, the introductory bonus on this card has increased once again, making now a good time to consider it if you are on the hunt for cash back bonuses. As this is a business card, it wouldn’t add to one’s 5/24 count, and it has no annual fee.
If you can qualify for Bank of America Preferred Rewards on the business side, this card could be a downright compelling business card to keep and use regularly. That’s because while this card offers a rather ho-hum 1.5% cash back everywhere, that increases to as much as 2.625% cash back everywhere if you have Platinum Honors for business. To be clear, that requires having $100K+ in business accounts with Bank of America/Merrill Lynch/Merrill Edge. If you can meet that threshold, this makes for a great business card for everyday spend.
And, of course, even if you won’t chase business Platinum Honors status, the $500 bonus here could certainly be worthwhile for someone looking to maximize cash back offers.
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