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Bank of America Business Advantage Unlimited Cash Rewards Secure Review

Free from annual fees restraining you, the decision lies entirely in your hands—unlock the rewards you rightfully deserve without any obligations.

Business Advantage Unlimited Cash Rewards Secured Business
Source: Business Advantage Unlimited Cash Rewards Secured Business

Bank of America’s Business Advantage Unlimited Cash Rewards Mastercard emerges as an outstanding option for small businesses. Whether you’re a loyal Bank of America customer or just in search of a simple rewards program, this card has your back.

For entrepreneurs venturing into a small startup or side project with distinct expenses, this card could make all the difference. It also offers a great chance to supplement a bonus category card, magnifying rewards on your most frequent spending categories.

Business Advantage Unlimited Cash Rewards Secured Business
CREDIT CARD
Business Advantage Unlimited Cash Rewards Secured Business
No annual fee Flexible redemption options
Build up your credit history — Earn unlimited rewards:
APPLY NOW You will be redirected

Preferred Rewards program

The Preferred Rewards initiative distinguishes Bank of America as the top-tier choice for cash back cards, particularly catering to members with established savings. Similarly, business cardholders benefit from the Exclusive Rewards for Business program, offering boosted rewards linked to maintaining a qualifying account balance:

  • Preferred Rewards Gold (at least a $20,000 balance): 25 percent boost for 1.87 percent cash back on all purchases
  • Preferred Rewards Platinum (at least a $50,000 balance): 50 percent boost for 2.25 percent cash back on all purchases
  • Preferred Rewards Platinum Honors (at least a $100,000 balance): 75 percent boost for 2.62 percent cash back on all purchases

Reaching Preferred Rewards status as a business cardholder brings a bunch of extra benefits, not just higher cash back rates. You get lower banking fees, cash back on payroll services, and cheaper interest rates on specific Business Advantage accounts, like savings, loans for real estate, credit line financing, and car loans—all based on your status level. So, each step up brings you more rewards to enjoy.

High Rewards rate

Prepare for something exciting: the Bank of America Business Advantage Unlimited Cash Rewards Secured card offers a fantastic flat 1.5% cash back on purchases. It’s pretty uncommon to find such great perks on a secured card, especially a business secured card.

Making it easier to understand how rewards are earned for business spending, this card guarantees you get $15 in cash back for every $1,000 spent on business purchases. Get ready to boost your business with amazing rewards and simplicity, all with one card!

Bank of America Business Advantage Unlimited Cash Rewards Secure benefits

Build business credit

This powerhouse not only shares information with Equifax’s Small Business reporting division but also helps you establish solid business credit through responsible use. With every transaction, you’re not just buying things—you’re setting the groundwork for a more secure financial future for your business.

$0 Annual Fee

Many rewards cards add on yearly fees to cover the costs of giving cash back, points, and miles. But Bank of America Business Advantage Unlimited Cash Rewards gets that these fees can be annoying. That’s why this credit card is different—it doesn’t charge any fees at all. You’re free to use it however you want.

Upgrade to an unsecured card

Boost your credit journey with Bank of America’s commitment to periodic account reviews. These reviews aim to see if you’re ready for an upgrade to an unsecured card. By showing you can manage your credit responsibly, you open the door to more financial flexibility and opportunities. This makes your path towards an unsecured card smooth and rewarding.

Travel and Emergency Services

Have the ultimate travel buddy for your business trips. This card offers essential benefits like up to $100,000 in travel accident insurance. You also get peace of mind with auto rental insurance, emergency ticket replacement, lost-luggage assistance, and access to legal and medical referrals while you’re on the move. With all these services right at your fingertips, travel confidently and stay focused on reaching your business goals, knowing you have unwavering support.

Stay Protected

Relax knowing your card is protected if it’s ever lost, stolen, or used fraudulently. Visa’s security measures have your back. With the Bank of America Customized Cash Rewards Credit Card, your purchases are secure, and you’re safeguarded against unauthorized charges.

Overdraft protection

Fed up with declined purchases, returned checks, or overdrafts? Say goodbye to financial worries with the Bank of America Customized Cash Rewards Credit Card. When linked to a Bank of America checking account, it also works as overdraft protection. This means your transactions are covered, making your financial journey ahead smoother.

QuickBooks user benefits

QuickBooks users, managing your accounting just got simpler. Easily transfer your transactions for efficient management of your business finances. It’s like having a dedicated team supporting you every step of the way, making sure your financial tasks are handled smoothly and accurately.

Redeeming Rewards

Redeeming rewards with the Bank of America Customized Cash Rewards Credit Card is easy and adaptable. You have choices like statement credits, direct deposits into eligible Bank of America accounts, or mailed checks. You can even set up automatic redemptions for added convenience. Plus, your rewards never expire, giving you peace of mind.

Who can apply?

Embrace the power of financial freedom with this secured card, where a minimum cash deposit of $1,000 opens the door to endless possibilities. Tailored for savvy business owners, it’s the perfect fit for Bank of America customers, while also welcoming applicants from all walks of life.

So, whether you’re a seasoned entrepreneur or just starting out, seize the opportunity today. If you’re 18 years or older and reside in the U.S., the path to owning this credit card is yours to embark on.

How to apply?

Business Advantage Unlimited Cash Rewards Secured Business
Source: Business Advantage Unlimited Cash Rewards Secured Business

Applying for a Bank of America Business Advantage Unlimited Cash Rewards Secure is easier than you think:

  1. Go to the Bank of America website and look for Bank of America Business Advantage Unlimited Cash Rewards Secure
  2. Click on Apply Now
  3. Read Terms and Conditions
  4. Fill your personal and financial details
  5. Submit your application

Frequently asked questions

Can I manage my Bank of America credit card account from almost anywhere?

Yes, whether you use online or mobile banking, you can access your account wherever you are..

Do I need to pay to enroll in the Rewards program?

Believe it or not, signing up is totally free and you don’t need to purchase anything.

Does Bank of America Unlimited Cash Rewards Business Card have travel insurance?

Yes, it offers travel insurance, including coverage for accidental death or dismemberment while traveling on a common carrier, as well as rental car insurance for damage from collision or theft when charged to the card.

How does a secured card work?

A secured card works by requiring a security deposit, which serves as collateral for the credit limit, helping individuals build or rebuild credit.

Business Advantage Unlimited Cash Rewards Secured Business
CREDIT CARD
Business Advantage Unlimited Cash Rewards Secured Business
No annual fee Flexible redemption options
Build up your credit history — Earn unlimited rewards:
APPLY NOW You will be redirected

A credit card expert, she utilizes her expertise to create informative content on credit cards, empowering others with financial knowledge.