Bank of America
Business Advantage Unlimited Cash Rewards Mastercard credit card
Unlimited 1.5% cash back on all business purchases with no annual fee and 0% intro APR for 7 months. Flexible redemption options and employee cards at no extra cost.
Annual fee
None
Top rate
1.5x everything else
Quick look
Unlimited 1.5% cash back
On all business purchases, no limits or caps
3.9
out of 5
Rewards
Fees
Welcome bonus
Perks
Value
Overall score is a weighted average: Rewards 20% · Fees 20% · Welcome bonus 20% · Perks 20% · Value 20%.
Ideal for
Business owners with excellent credit who maintain a Bank of America business checking account and prefer a single flat-rate rewards structure over category-based optimization.
The verdict
This card succeeds at what it promises: straightforward cash back without category juggling or annual fees. The 1.5% flat rate is competitive among no-fee business cards, and the $500 sign-up bonus rewards modest spending thresholds. Where it stumbles: 1.5% ranks 28th in the catalog, and the 3% foreign transaction fee penalizes international business travel. Best suited for business owners who already bank with Bank of America and want simplicity over optimization. Standalone, it's serviceable but unremarkable.
Pros
- Unlimited 1.5% cash back on all purchases with no caps or expiration
- No annual fee removes the pressure to justify ongoing spend
- Boost rewards up to 2.62% through Bank of America Preferred Rewards for Business (with $20,000+ combined balances)
- 0% intro APR for 7 billing cycles on purchases makes balance management easier during ramp-up
Cons
- 1.5% flat rate is middling—Chase Ink Business Unlimited and Wells Fargo Signify Business Card both offer 2% for the same fee structure
- 3% foreign transaction fee discourages international business spend
- High regular APR (16.74%-26.74%) applies immediately after intro period ends
- Excellent credit required (750+) for approval; limited accessibility
Reward rates
| Category | Rate | Details |
|---|---|---|
| Everything else | 1.5x | 1.5% cash back on all purchases |
At 1.5% flat across all categories, this card sits in the middle of the no-annual-fee business card pack. Chase Ink Business Unlimited matches the rate but adds a richer sign-up bonus ($1,000 vs. $500). The card's real advantage emerges if you qualify for Bank of America Preferred Rewards for Business—maintaining a $20,000+ combined daily balance lifts the earning rate to 1.87%, and the highest tier ($100,000+) reaches 2.62%, competing with cards carrying annual fees.
Fees and APR
Does it pay for itself?
Zero annual fee is a meaningful advantage over premium business cards, which typically run $95-$450. This removes the hurdle of needing to earn back a large fee, making the card approachable even for lower-volume spenders. The trade-off: no premium perks (concierge, lounge access, travel credits) that paid-tier cards bundle in.
Welcome bonus
Is it worth chasing?
The $500 offer is solid but not aggressive. It requires $5,000 spend in 90 days (roughly $1,667/month)—achievable for most business owners but not trivial. For comparison, Chase Ink Business Unlimited doubles this to $1,000, though it also raises the threshold to $8,000. The Bank of America bonus covers itself if you carry even a modest balance and plan to keep the card open for recurring rewards.
Other benefits
- Travel accident insurance up to $100,000
- Auto rental coverage and emergency services
- Purchase protection and extended warranty coverage
- Zero liability protection for unauthorized transactions
- Fraud monitoring
- Employee cards at no additional cost
- Free access to business credit scores via Business Advantage 360
- Balance Connect® overdraft protection
- Digital wallet support
- QuickBooks integration for transaction downloads
Similar cards
Matches the 1.5% flat rate but offers a stronger $1,000 welcome bonus and serves both personal and business spending. Higher spend threshold ($8,000 in 4 months) may exclude lighter users.
Edges ahead with unlimited 2% cash back on all purchases, plus a $400 welcome bonus. No foreign transaction fee, but offers fewer perks overall.
Frequently asked questions
What's the difference between this card and Bank of America's other business card, the Business Advantage Travel Rewards?
The Travel Rewards card earns 1x point per dollar on all purchases (or higher in bonus categories) and is optimized for travel spending. This Unlimited Cash Rewards card offers a simpler flat 1.5% cash back structure and skips the bonus categories entirely. Choose Unlimited if you want simplicity and don't spend heavily on travel; choose Travel Rewards if you want flexibility to maximize value in different categories.
Do I need a Bank of America business checking account to get the card?
No, you can apply and use this card independently. However, you'll only unlock the Preferred Rewards bonus multiplier (up to 2.62% cash back) if you maintain a Bank of America business checking account with substantial balances ($20,000 combined minimum). Without it, you're locked at 1.5% earning.
How long does the 0% intro APR period last?
The introductory rate applies for 7 billing cycles on new purchases. After that, the regular variable APR (16.74%-26.74%) kicks in. This is shorter than some competitors—Chase and American Express typically offer 9-12 months—so budget accordingly if you carry a balance.
Can I use this card for international business travel?
Technically yes, but the 3% foreign transaction fee makes it expensive. On a $1,000 international purchase, you'd pay $30 in foreign fees alone. If you travel internationally for business regularly, a no-foreign-fee card like TD Business Solutions or American Express Blue Business Cash would save money over time.
How does the welcome bonus stack with Preferred Rewards?
The $500 welcome bonus is a flat statement credit—it's separate from rewards earnings and doesn't scale with Preferred Rewards tiers. You earn the $500 bonus after meeting the $5,000 spend threshold in 3 months, then your cash back earnings rate goes up from there if you maintain the required Bank of America balance.
Reviewed by YoungerFinance Editorial · Last updated August 10, 2026