Best Rewards Credit Cards

Business Advantage Unlimited Cash Rewards Mastercard® Review: Optimize Your Business Spending

Effortless cash back on all purchases, with bonus rewards for qualifying businesses.

Rickie C. Keys, Ph.D., MPH

Mar 30, 2024 — 1 min read

Features

Cash Back: Earn unlimited 1.5% cash back on all purchases.
Welcome Offer: $300 online statement credit after $3,000 purchases within the first 90 days.
Annual Fee: $0, making it cost-effective for businesses.
APR: 0% introductory APR on purchases for the first 9 billing cycles, then a variable APR of 18.49% to 28.49%.
Preferred Rewards: Up to 75% more cash back for qualifying business checking account holders, potentially reaching 2.62% cash back on all purchases.

Benefits

Flexible Rewards Redemption: Cashback can be redeemed into a Bank of America® checking or savings account, as a card statement credit, or as a check.
No Earnings Cap: You can earn unlimited cashback, and rewards don't expire as long as the account is open.
Enhanced Cash Back: Eligibility for Preferred Rewards for Business significantly increases the cashback rate.
Introductory APR: Offers cash flow flexibility with no interest on purchases for the first 9 billing cycles.

Drawbacks

High Post-Intro APR: The variable APR after the introductory period could be high for some businesses.
Preferred Rewards Eligibility: Maximum cashback rates require qualifying for Bank of America’s highest rewards tier.

Product Summary

The Business Advantage Unlimited Cash Rewards Mastercard® credit card is a straightforward and efficient tool for managing business expenses while earning consistent cash back on every purchase. With no annual fee and a simple cash-back program, it suits businesses looking for uncomplicated rewards. The card's welcome offer and the potential for increased cash back through the Preferred Rewards for Business program add significant value, making it a compelling choice for business owners with existing Bank of America accounts. The introductory APR period provides an added cash flow management tool. However, businesses should consider the post-introductory APR and eligibility requirements for the highest cash-back rates when deciding if this card aligns with their financial strategies.

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