BoA Unlimited Cash Rewards Business Credit Card Review (2023.1 Update: $500 Offer)

Bank of America Business Advantage Unlimited Cash Rewards Credit Card Review

2023.1 Update: There is a $1,000 welcome offer now, which is the best ever offer on this card. It seems people see a blank page after submitting the application, and nobody has successfully applied. So we switched back to the $500 offer link in the application link section below.

2021.10 Update: This card was just launched with a $300 offer, and now people managed to obtain a $500 offer link. HT: reader NeverBehave <F, B>.

Application Link


  1. $500 offer: earn $500 cashback after spending $5,000 in first 3 months.
  2. Earn 1.5% cashback on all purchases.
  3. BoA Preferred Rewards program (business version): If you have checking/savings/brokerage account (business version) in BoA or Merrill Edge, you can earn additional points based on the amount of asset. Earn additional 25% rewards if you are in Gold tier ($20k or more in balance); 50% if Platinum tier ($50k or more in balance); 75% if Platinum Honors tier ($100k or more in balance).
  4. No annual fee.


  1. It has foreign transaction fee, so it's not a good choice outside the US.

Recommended Application Time

  1. We recommend you apply for this card after you have a credit history of at least one year.
  2. [New] 2/3/4 Rule: BoA will only approve you for at most: 2 cards per rolling 2 months; 3 cards per rolling 12 months; and 4 cards per rolling 24 months. Because their IT system hasn’t been fully updated yet, you may not get declined because of this rule. Instead, you may get approved at first, and then the account will be closed because of “approved in error”.
  3. [New] 24 month churn rule: This card will not be available to you if you currently have or have had ANY BOA BUSINESS CARD in the preceding 24 month period.


Its sign-up bonus is decent for a no fee card. If you can reach the highest level of BoA Preferred Rewards (business version), then the spending rewards is 2.625% on everything which is very good.

After Applying

  • Click here to check BoA application status.
  • BoA reconsideration backdoor number: 877-383-0120 or 866-811-4108. It seems that the number is changing. Please inform us at once if it fails. The representatives here can get in touch with decision-makers directly.

Historical Offers Chart

Application Link

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