Three Bank of America Business Advantage credit cards have increased welcome offers today: the Business Unlimited Cash Rewards, Business Customized Cash Rewards, and Business Travel Rewards cards are all offering $500 after spending $5,000 within the first three months of card membership.
These are all $200 above the previous offers.
The Offers & Key Card Details
| Card Offer and Details |
|---|
 ⓘ $420 1st Yr Value EstimateClick to learn about first year value estimates $500 statement credit $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 |
| Card Offer and Details |
|---|
 ⓘ $395 1st Yr Value EstimateClick to learn about first year value estimates $500 statement credit $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. FM Mini Review: This can be a very appealing card for the $50,000/year in 3% bonus categories...and it becomes downright sexy if you have Preferred Rewards as well. Earning rate: 2% on dining plus 3% on 1 choice from: gas stations and EV charging stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services (for the first $50,000 in combined choice/dining purchases each calendar year, 1% thereafter) and 1% everywhere else. Base: 1% Travel: 3% Flights: 3% Hotels: 3% Dine: 2% Gas: 3% Office: 3% 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. This means that you can earn up to 5.25% with this card! Your rewards bonus is based on your enrolled tier – Gold 25%; Platinum 50%; or Platinum Honors 75%. |
| Card Offer and Details |
|---|
 ⓘ $420 1st Yr Value EstimateClick to learn about first year value estimates 50K points 50K 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: 1.5X everywhere; 3X for travel booked through BOA's travel center Base: 1.5% Portal Flights: 3% Portal Hotels: 3% Card Info: Mastercard World issued by BOA. This card has no foreign currency conversion fees. Noteworthy perks: When you're a Business Advantage Relationship Rewards client, you can get up to 75% rewards bonus on every purchase you make. Your rewards bonus is based on your enrolled tier – Gold 25%; Platinum 50%; or Platinum Honors 75% |
Quick Thoughts
The previous offers on all three cards were $300 after $3,000 in spend, so these new versions essentially add an additional $200 for spending $2k more.
Each card provides a slightly different earning structure. The Unlimited Cash Rewards and Travel Rewards cards give you 1.5% back everywhere; the Travel Rewards card adds the additional carrot of 3% back when booking travel through the BOA Travel Center (please hold down your celebratory cries). The catch with the Travel Rewards card is that you can only redeem your points for statement credits towards travel or dining purchases.
I have the Customized Cash Rewards card, because it gives 3% back per year on up to $50k in purchases in a category of your choice (gas stations and EV charging stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services) and you can change that category monthly to correspond with your spending.
Folks who have Business Preferred Rewards with Bank of America will add up to 75% on all of these earning rates. BOA recently announced that personal Preferred Rewards will be slowly nerfed over the next year or so, but we’ve heard no such announcement about the business side…yet.
In and of themselves, none of these cards is terribly inspiring. However, the ability to earn between 11.5% – 13% on $5k in spend with a no-annual-fee card that doesn’t affect your Chase 5/24 status will be tempting for some folks (including me).
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