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Bank of America Adds New Cash-Back Business Credit Card

by todayminutes
October 27, 2021
0

Bank of America has added a new cash-back credit card to its lineup of business credit cards. The Business Advantage Unlimited Cash Rewards credit card offers a flat rewards rate on every purchase, along with some other features standard on many cash-back business credit cards. Select Bank of America customers can get a higher rewards rate.

The new Business Advantage Unlimited Cash Rewards card offers a flat 1.5% cash back on every purchase you make, a rewards rate that falls short of the 2% gold standard.

However, if you’re a Preferred Rewards for Business member, you could earn 25%, 50%, or 75% more cash back on every purchase you make, up to a maximum of 2.62% back, which is hard to beat.

In order to qualify for the Preferred Rewards program, you must have an active Bank of America business checking account and a three-month combined average daily balance of $20,000 or more across your Bank of America business deposit accounts and Merrill Lynch business investment accounts.

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