Bank Of America Business Advantage Unlimited Cash Rewards Secured Credit Card Review

With no annual fees holding you back, the choice is yours to make—seize the rewards you rightfully deserve without any strings attached.

Bank of America’s Business Advantage Unlimited Cash Rewards Mastercard stands out as an excellent choice for small businesses. Whether you’re a devoted Bank of America patron or simply seeking a straightforward rewards program, this card has got you covered.

For entrepreneurs embarking on a small startup or side project with unique expenses, this card could be a game-changer. It also presents a fantastic opportunity to complement a bonus category card, amplifying rewards on your most common spending categories.

CREDIT CARD

Bank Of America Business Advantage Unlimited Cash Rewards Secured

Build up your credit history 1.5% cash back

The power of cashback boosting your credit score

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Bank of America Business Advantage Unlimited Cash Rewards Secure benefits

• Preferred Rewards program: Bank of America sets itself apart with the Preferred Rewards program, offering enhanced rewards for business cardholders with qualifying account balances. For businesses, the Exclusive Rewards for Business program provides cash back boosts based on account levels. Preferred Rewards Gold (starting at $20,000) increases cash back by 25%, while Platinum ($50,000) offers a 50% boost, and Platinum Honors ($100,000) delivers a 75% boost, bringing cash back up to 2.62% on all purchases. Additional benefits include reduced fees, payroll service cash back, and lower interest rates on various business accounts, making each tier more rewarding.
• High Rewards rate: The Bank of America Business Advantage Unlimited Cash Rewards Secured card presents an incredible flat 1.5% cash back on purchases. It’s quite rare to stumble upon such fantastic perks on a secured card, especially one designed for businesses. Brace yourself to elevate your business with remarkable rewards and uncomplicated simplicity, all in one card!

• Build business credit: Building solid business credit is essential, and this robust card not only shares information with Equifax’s Small Business reporting division but also aids in establishing strong business credit through responsible use. With every transaction, you’re not just making purchases—you’re laying the groundwork for a more secure financial future for your business.
• No Annual Fee: In contrast to many rewards cards that impose yearly fees to offset the costs of offering cash back, points, and miles, the Bank of America Business Advantage Unlimited Cash Rewards card takes a different approach. It understands that these fees can be burdensome, which is why it doesn’t charge any fees at all. You’re free to use it as you wish without fretting about additional expenses.
• Upgrade to an Unsecured Card: Advance your credit journey with Bank of America’s commitment to periodic account reviews. These assessments aim to determine if you’re eligible for an upgrade to an unsecured card. By showcasing responsible credit management, you unlock more financial flexibility and opportunities, smoothing your transition to an unsecured card and making your journey rewarding.
• Travel and Emergency Services: Make your business trips worry-free with the ultimate travel companion provided by this card. It offers essential benefits such as up to $100,000 in travel accident insurance, auto rental insurance, emergency ticket replacement, lost-luggage assistance, and access to legal and medical referrals while you’re on the go.
• Stay Protected: Rest assured knowing your card is safeguarded in case of loss, theft, or fraudulent use. Visa’s security measures have you covered. With the Bank of America Customized Cash Rewards Credit Card, your purchases are secure, and you’re protected against unauthorized charges.
• Overdraft Protection: Say goodbye to declined transactions, returned checks, or overdrafts. The Bank of America Customized Cash Rewards Credit Card, when linked to a Bank of America checking account, also serves as overdraft protection. This ensures that your transactions are covered, making your financial journey ahead smoother.
• QuickBooks User Benefits: For QuickBooks users, managing your accounting just got easier. 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, ensuring your financial tasks are handled smoothly and accurately.
• Redeeming Rewards: Redeeming rewards with the Bank of America Customized Cash Rewards Credit Card is straightforward and flexible. You have options such as 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, providing you with peace of mind.

Who can apply?

To be eligible for the Bank of America Business Advantage Credit Card, applicants must meet certain criteria. These include having a valid U.S. address, a Social Security number or Tax Identification number, and a Bank of America business checking account. Additionally, your business should not have any recent bankruptcies or delinquencies.

How to apply?

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

FAQs about the Credit Card

What is the required minimum security deposit?

The minimum opening deposit required is $1,000.

Are there any foreign transaction fees?

This card may have foreign transaction fees. Please refer to the terms and conditions for detailed information.

Can I upgrade to an unsecured card in the future?

Yes, responsible usage of the card can lead to an upgrade to an unsecured card.

How do I redeem my cash rewards?

Cash rewards automatically credit to your account, ensuring hassle-free redemption. Just to remember, you ear 1,5% cashback on all your purchases.

CREDIT CARD

Bank Of America Business Advantage Unlimited Cash Rewards Secured

Build up your credit history 1.5% cash back

The power of cashback boosting your credit score

APPLY NOW You will be redirected