Several months ago, Bank of America launched an Unlimited Cash Rewards credit card. While the unlimited 1.5% cash back wasn’t amazing on its own, the card was an exciting development because it represented the opportunity to earn up to 2.625% cash back everywhere for those with Platinum Honors. Earlier this week, Bank of America launched another new card: The Bank of America Business Advantage Unlimited Cash Rewards Mastercard. This means that those with Preferred Rewards on the business side can now also earn up to 2.625% back on this card as well.
The Offer & Key Card Details
|Card Offer and Details|
This is great news for those with Preferred Rewards status on the business side of things as it creates an opportunity for a great “everywhere else” rate on business spend.
Keep in mind that Preferred Rewards is calculated separately for business cards, so having Preferred Rewards on the personal side won’t help. You’ll need to deposit money in business accounts to get status on the business side.
Still, if you can meet the requirements, the potential returns are excellent. Overall, this is a great card if you have Preferred Rewards status (otherwise a 1.5% card is a yawner) and it could be a nice little cash bonus whether or not you have status.
H/T: Doctor of Credit