Business Advantage Unlimited Cash Rewards credit card
Online offer: $300 statement credit bonus
Introduction
For business owners, having the right credit card can be a game-changer in managing finances, earning rewards, and maintaining cash flow. Bank of America offers a range of business credit cards designed to cater to various business needs, from earning cashback to securing travel rewards. In this comprehensive review, we’ll dive into the features, benefits, and drawbacks of Bank of America business credit cards to help you choose the best one for your company.
Earn unlimited 1.5% cash back, or join Preferred Rewards for Business for no fee, and earn up to an unlimited 2.62% cash back on all purchases if you have a Bank of America® business checking account and qualify for Preferred Rewards for Business Platinum Honors tier. Learn more about Preferred Rewards for Business tiers and bonus rewards. Calculate rewards.
Choose how to redeem your cash rewards – as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you.
0%† introductory APR on purchases for the first 9 billing cycles. After the intro APR offer ends, a Variable APR that’s currently 18.49% – 28.49% will apply.
This online only offer may not be available if you leave this page, if you visit a Bank of America financial center or call the bank. You can take advantage of this offer when you apply now.
Overview of Bank of America Business Credit Cards
Bank of America offers several business credit cards, each designed to meet different business demands. Here’s a quick look at some of the most popular options:
1. Bank of America® Business Advantage Customized Cash Rewards Mastercard®
- Best For: Businesses looking for flexible cashback rewards.
- Key Features: Earn 3% cashback on a category of your choice, 2% on dining, and 1% on all other purchases. Categories include gas, office supplies, and travel. There’s no annual fee, and you can earn a $300 statement credit after making $3,000 in purchases within the first 90 days.
2. Bank of America® Business Advantage Travel Rewards World Mastercard®
- Best For: Frequent business travelers.
- Key Features: Earn 1.5 points for every dollar spent on all purchases. Points never expire, and there’s no annual fee or foreign transaction fees. Plus, earn 30,000 bonus points after making $3,000 in purchases within the first 90 days.
3. Bank of America® Platinum Plus® Mastercard® Business Card
- Best For: Businesses looking to manage cash flow with low-interest financing.
- Key Features: Enjoy a 0% introductory APR on purchases for the first 7 billing cycles. This card also offers access to higher credit limits and cash flow management tools. There’s no annual fee, making it a cost-effective option for businesses.
Key Benefits of Bank of America Business Credit Cards
- Rewards Flexibility: Whether your business spends more on travel, dining, or office supplies, Bank of America offers credit cards that allow you to maximize your rewards in the categories that matter most.
- No Annual Fees: Several Bank of America business credit cards come with no annual fees, making them a great choice for cost-conscious businesses looking to maximize value without incurring additional costs.
- Sign-Up Bonuses: Many of these cards offer generous sign-up bonuses, providing an excellent incentive to choose Bank of America for your business credit needs.
- Cash Flow Management: With low introductory APR offers and flexible credit limits, these cards can help businesses manage cash flow more effectively, especially during periods of growth or seasonal fluctuation.
- Online Banking and Account Management: Bank of America provides robust online banking tools that make it easy to manage your account, track expenses, and even integrate with popular accounting software.
Potential Drawbacks
- Limited Category Options: While the Business Advantage Customized Cash Rewards card offers flexibility in choosing a 3% cashback category, some businesses might find the category options limited.
- Lower Rewards Rate on General Spending: Cards like the Customized Cash Rewards and Travel Rewards cards offer lower rewards rates on general spending (1% and 1.5%, respectively), which might be less attractive to businesses with diverse spending needs.
- High Spending Requirements for Bonuses: To earn the sign-up bonuses, you’ll need to meet specific spending thresholds within a short period, which might be challenging for smaller businesses.
Who Should Consider Bank of America Business Credit Cards?
Bank of America business credit cards are well-suited for:
- Small to medium-sized businesses looking for flexible cashback or travel rewards.
- Businesses seeking no-annual-fee options with robust reward structures.
- Companies needing low-interest financing to manage cash flow or make significant purchases.
If your business fits these criteria, Bank of America offers a range of cards that could be a perfect match for your financial needs.
Conclusion
Bank of America business credit cards provide a variety of options for businesses of all sizes, offering flexible rewards, cost-effective financing, and powerful account management tools. Whether you’re looking to earn cashback, accumulate travel points, or simply manage your expenses with a low-interest rate, Bank of America has a card that can help your business thrive.
When choosing a credit card, consider your business’s specific spending habits and financial goals to select the one that best aligns with your needs. With the right Bank of America business credit card, you can take advantage of valuable rewards and financial tools to support your business growth.
Business Advantage Travel Rewards credit card
Online offer: 30,000 bonus points
Earn unlimited 1.5 points, or join Preferred Rewards for Business for no fee, and earn up to an unlimited 2.62 points for every $1 spent on all purchases if you have a Bank of America® business checking account and qualify for Preferred Rewards for Business Platinum Honors tier. Learn more about Preferred Rewards for Business tiers and bonus rewards. Calculate rewards.
Redeem points for a statement credit to offset travel and dining purchases, and for travel with no blackout dates at the Bank of America® Travel Center.
0%† Introductory APR on purchases for the first 9 billing cycles. After the intro APR offer ends, a Variable APR that’s currently 18.49% – 28.49% will apply.
This online only offer may not be available if you leave this page, if you visit a Bank of America financial center or call the bank. You can take advantage of this offer when you apply now.