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The Bank of America Business Advantage Unlimited Cash Rewards MasterCard has launched today. [Disclaimer: not an affiliate link.]
The public website offer is $300 for $3,000 spend in 90 days.
A bonus of $500 for $5,000 spend in 90 days is available through BofA small business bankers. Interested applicants can contact me for an introduction to my banker if they do not currently have a BofA small business relationship.
This year we have seen offers on the variety of BofA business cards go as high as $750. $500 is more the current steady-state for the banker offers.
The card earns 1.5% cashback everywhere and has no annual fee. Those with a Business Preferred Rewards relationship earn up to 2.62% cashback everywhere.
This is comparable earn to the Business Advantage Travel Rewards World Mastercard with much more flexible rewards. The Travel Rewards card requires travel purchases for redeeming awards.
If you can qualify for Business Preferred Rewards and are looking for cash back, 2.62% across the board and no annual fee is excellent.
Plus, as a business card, it won’t impact those managing their Chase 5/24 application count.