BoA Unlimited Cash Rewards Business Credit Card Review (2026.3 Update: $500 Offer)
2026.3 Update: The new offer is $500.
2023.11 Update: There is an application link with $500 offer.HT: DoC.[Update] Expired.
2021.10 Update: This card was just launched with a $300 offer, and now people managed to obtain a $500 offer link.HT: reader NeverBehave .
[Update] Expired.
Application Link
Benefits
- $500 offer: earn $500 cashback after spending $5,000 in first 3 months.This is the best ever offer on this card.
- Earn 1.5% cashback on all purchases.
- BoA Preferred Rewards program (business version): If you have checking/savings/brokerage account (business version) in BoA or Merrill Edge, you can earn additional points based on the amount of asset.Earn additional 25% rewards if you are in Gold tier ($20k or more in balance); 50% if Platinum tier ($50k or more in balance); 75% if Platinum Honors tier ($100k or more in balance).
- No annual fee.
Disadvantages
- It has foreign transaction fee, so it's not a good choice outside the US.
Recommended Application Time
- We recommend you apply for this card after you have a credit history of at least one year.
- [New] 2/3/4 Rule: BoA will only approve you for at most: 2 cards per rolling 2 months; 3 cards per rolling 12 months; and 4 cards per rolling 24 months.Because their IT system hasn’t been fully updated yet, you may not get declined because of this rule.
Instead, you may get approved at first, and then the account will be closed because of “approved in error”.
- [New] 24 month churn rule: This card will not be available to you if you currently have or have had ANY BOA BUSINESS CARD in the preceding 24 month period.
Summary
Its sign-up bonus is decent for a no fee card.If you can reach the highest level of BoA Preferred Rewards (business version), then the spending rewards is 2.625% on everything which is very good.
After Applying
Historical Offers Chart
Application Link
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Frequently Asked Questions
Certainly. Unlike personal loans, you won't face any penalties for settling your balance ahead of schedule. However, it's crucial to keep in mind that if your credit card comes with a 0% introductory offer, it's essential to clear your balance completely before the 0% promotion expires and interest charges apply.
However, you can include additional cardholders, each with their own card. While sharing the single credit limit, the primary cardholder remains responsible for settling the debt.
Potentially, yes. Credit card APRs are typically variable, allowing lenders to change rates, impacting your monthly payments. Additionally, be mindful that introductory 0% offers can lead to higher interest rates once they expire. So, it's wise to clear your balance before that happens, if feasible.
Indeed, credit builder cards exist for those with less-than-ideal credit scores. These cards offer lower credit limits (typically £150 to £1,200) and higher interest rates. Responsible use, including full and on-time payments, can gradually boost your creditworthiness, potentially opening doors to better credit card offers down the line.
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