Bank of America Credit Card Review Mail Address
0% intro for the first 9 billing cycles (and then 12.49% to 22.49% variable)
Purchase APR
Details
- Features
- Fees
| Annual fee | $0 |
|---|---|
| Welcome offer | $300 later on spending $3,000 in the first xc days |
| Rewards | 1.v% cash back on all purchases |
| Buy APR | 0% intro for the commencement 9 billing cycles (then 12.49% to 22.49% variable) |
| Balance transfer APR | 12.49% to 22.49% variable |
| Minimum Credit Score | 740 |
| Issuer | Mastercard |
Review by
Steven Dashiell
steven.dashiell@finder.comSteven Dashiell is Senior Writer, Personal Finance at Finder specializing in all things credit cards. With more than than 300 articles nether his belt, he aims to aid readers embrace credit cards and maximize their rewards. Steve is studying to get a Certified Educator in Personal Finance, and is a frequent face on Finder'due south YouTube channel, offering the latest in credit card hacks and communication. His expertise has been featured on numerous outlets, including U.Southward. News & World Report, NASDAQ, Time, CBS, Fob Business organisation, Lifehacker, Martha Stewart Living and more than.
Proficient review
The Bank of America® Business concern Reward Unlimited Cash Rewards Mastercard® credit menu is a straightforward business organisation cashback card, similar in specs to the Concern Advantage Unlimited Cash Rewards personal bill of fare. Information technology carries no annual fee, comes with a signup bonus of $300 argument credit after yous spend at to the lowest degree $3,000 in your first 90 days of account opening, earns an unlimited 1.five% cash back on all eligible purchases and comes with a 0% intro APR on purchases for the starting time 9 billing cycles, reverting to 12.49% to 22.49% variable.
The Business concern Advantage Unlimited Greenbacks Rewards carries a few additional bells and whistles. For case, it offers greenbacks period direction tools and integration with QuickBooks, too every bit several types of travel services, similar travel accident insurance, lost luggage aid and more.
But for this card to shine, y'all need to take a business checking account with Depository financial institution of America and qualify for the highest Preferred Rewards for Business organisation tier. This boosts your cashback rate up to an impressive 2.62%, which is among the highest flat cashback rates on the marketplace for both personal and business concern cards. However, achieving the highest tier requires you lot to maintain a three-month combined average daily balance of at least $101,000 in your Depository financial institution of America business deposit accounts or Merrill business investment accounts.
Given these requirements, the Business Reward Unlimited Cash Rewards is a polarizing experience, swinging from boilerplate cashback card to terrific cashback carte du jour depending on whether y'all call Banking company of America home for your business concern and can run across the maximum requirements. If this isn't y'all or yous're not interested in cyberbanking with Bank of America, y'all're likely ameliorate served by a cashback carte du jour with a provider that doesn't require you to spring through a few hoops to maximize card value.
Utilize for the Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card:
- Go to the provider's site and select Apply now.
- Make full out the requested information.
- Select Submit.
- $300 signup bonus. Spend $3,000 inside your starting time 90 days of account opening to earn this bonus. While not the largest signup bonus on the concern carte market place, it isn't bad for a apartment cashback card.
- Unlimited cash dorsum. Earn 1.5% back on all eligible purchases with no cap. And you tin can boost this charge per unit past ascending the Preferred Rewards for Business tiers. At Gold tier, y'all earn an additional 25%, 50% at Platinum and 75% at Platinum Honors.
- You must maintain a three-month combined average daily residue of $twenty,000 for Gold, $l,000 for Platinum or $101,000 for Platinum Honors. Maintain this balance in your Bank of America business deposit accounts or Merrill business organisation investment accounts.
- $0 annual fee. You won't pay an almanac fee to apply this bill of fare.
- Intro Apr on purchases. This card offers a 0% intro April on purchases for your first 9 billing cycles. Afterward, your APR reverts to 12.49% to 22.49% variable.
- Cash flow direction tools. The Banking concern of America Business organisation Advantage Unlimited Cash Rewards offers a few online services designed to assistance y'all manage your concern expenses, including automated payments and automated importing of transactions into QuickBooks.
- Travel and emergency services. Yous receive a few travel and emergency perks, including up to $100,000 in travel accident insurance, emergency ticket replacement, lost-luggage assist, auto rental insurance and legal and medical referrals for when you lot're traveling.
- Big Bank of America residue required for better reward rates. You need to maintain a sizable $101,000 in an eligible Bank of America account to earn 2.62% dorsum on your purchases. If you can't maintain this balance, the card loses a lot of its value, and you might notice a flat two% cashback business card more than worth your time.
- Low intro APR length. At only nine months, the intro Apr on purchases is quite low compared to the competition.
To see how the Banking concern of America® Business Advantage Unlimited Greenbacks Rewards Mastercard® credit carte stands confronting other concern cards on the market, select upwardly to four cards and choose Compare to see their features next.
Given the Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card is relatively new, few customer reviews are available on social media. However, in that location are thoughts about the personal equivalent of the bill of fare on Reddit, with several users enjoying the ability to earn up to 2.62% cash back.
Bank of America is rated A+ past the Amend Business concern Bureau as of April 2022 and has been accredited since 1949. The bank currently sports a ane.4 rating on Trustpilot.
If you find the terms of earning the carte du jour'south ii.62% cash back acceptable, this card can generate your concern some of the highest flat-charge per unit returns on your purchases available on a concern carte du jour.
But if you don't, or your business concern only can't meet these requirements, the Banking company of America Business Advantage Unlimited Cash Rewards card is simply average at best. In that example, you'll desire to compare your concern carte options to discover ane that all-time suits your business spending needs.
Source: https://www.finder.com/bank-of-america-business-advantage-unlimited-cash-rewards-credit-card
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