Business Advantage Unlimited Cash Rewards Secured Credit Card
- Annual fee
- None
- Recommended credit
- Poor / No Credit Required
- Card network
- Mastercard
- Regular purchase APR
- 28.49% variable based on the Prime Rate
At a glance
The Business Advantage Unlimited Cash Rewards Secured Credit Card provides businesses with a credit lifeline for no annual fee. The card, which requires a $1,000 minimum security deposit, earns unlimited 1.5% cash back, with even more rewards through Bank of America Preferred Rewards for Business.
Our review of the Business Advantage Unlimited Cash Rewards Secured Credit Card
The Bank of America® Business Advantage Unlimited Cash Rewards Secured Credit Card is a top choice for small businesses and entrepreneurs looking to establish or rebuild their credit. This business rewards card offers unlimited 1.5% cash back on every purchase, a 0% introductory APR period on purchases, bonus statement credit offers, and more – all with no annual fee.
Who Can Benefit from the Unlimited Cash Secured Card?
This card is specifically designed for small to medium-sized businesses and entrepreneurs looking to improve their credit profile. Whether you’re just starting out or looking to bounce back from financial challenges, this card provides a secure option to earn rewards and build credit at the same time.
How to Get the Card
To qualify for the Business Advantage Credit Card, you must have a registered business entity. Sole proprietors, partnerships, and corporations can apply for this card. You’ll need to provide business information such as tax ID, legal business name, date of formation, and more.
Credit-Builder Benefits
With a minimum security deposit of $1,000, you can start building or rebuilding your credit with responsible use of this secured card. Make on-time payments to improve your business credit over time, and you may have the opportunity to transition to an unsecured card as your credit history improves.
How to Earn Rewards
Earn unlimited 1.5% cash back on all purchases with the Business Advantage Unlimited Cash Rewards secured card. For Bank of America Preferred Rewards for Business account holders, you can earn up to 2.62% cash back on purchases. Redeem your rewards as statement credits, deposit them into your Bank of America account, or receive a physical check.
Business Management Benefits
The card offers flexible credit limits, automatic bill payments, QuickBooks integration, and 24/7 online and mobile banking. Additional benefits include Mastercard business perks like zero liability protection, ID theft protection, car rental insurance, and more.
What We Like About the Card
Building credit with a secured card is a great option for businesses without a strong credit history. The unlimited cash rewards program can save you money on business expenses, and the management tools offered by Bank of America can streamline your financial operations.
Should You Apply?
Overall, the Business Advantage Unlimited Cash Rewards Secured Credit Card is a valuable option for businesses looking to build credit and earn rewards. If you have a deposit account with Bank of America, this card could provide significant value with its cash back rewards and credit-building opportunities.
For more credit card offers, browse other options available to find the best fit for your business needs.
Card features
Benefits as listed on the original card page. They can change; confirm details with the issuer.
- No annual fee
- arn unlimited 1.5% cash back rewards while establishing your business credit
- Flexible redemption options
- Seamless transition from secured credit to unsecured with financial responsibility
Who this card may suit
- You own a business but don’t want to impact your personal credit score
- You want a versatile cash back rewards card
- You have an existing BoA relationship and Preferred Rewards account
- You don’t want to pay an annual fee
Rates, fees and terms
| Annual Fee | None |
|---|---|
| Regular Purchase APR | 28.49% variable based on the Prime Rate |
| Balance Transfer APR | 28.49% variable based on the Prime Rate |
| Balance Transfer Transaction Fee | Either $10 or 4% of the amount of each transaction, whichever is greater |
| Cash Advance APR | 29.49% variable based on the Prime Rate |
| Cash Advance Transaction Fee | Either $10 or 4% of the amount of each transaction, whichever is greater |
| Foreign Transaction Fee | 3% of the U.S. dollar amount of each transaction |
| Late Payment Penalty Fee | Up to $49 |
| Minimum Deposit Required | $1,000 |
Confirm before you apply: rates, fees and offers change often. The figures above are the ones listed on the original card page, not a current quote from the issuer. APRs are typically variable, and the rate you receive depends on your creditworthiness. Recommended credit: Poor Credit Limited or No Credit.
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Business Advantage Unlimited Cash Rewards Secured Credit Card
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