If you’re running a business and want simple, scalable cash back without juggling categories, the Bank of America Business Advantage Unlimited card is quietly one of the strongest no-annual-fee business cards available right now.
On the surface, it looks basic. Dig a little deeper—and especially if you can leverage Bank of America Preferred Rewards for Business—this card turns into a 2.62% cash-back monster.
Let’s break it down.
$500 Sign-Up Bonus (Easy, Clean, No Gimmicks)
New cardholders can earn a $500 online statement credit after spending $5,000 within the first 90 days.
No hoops.
No category restrictions.
Just normal business spend.
For many businesses, this is an easy win—especially if you have recurring expenses like inventory, ads, software, or shipping.
Unlimited Cash Back — No Caps, No Expiration
Business Advantage Unlimited Cash Rewards Mastercard® credit card
Here’s the base earning structure:
- 1.5% cash back on all purchases
- No annual fee
- No limits on earnings
- Cash rewards never expire as long as the account stays open
That alone already beats many “category-based” business cards once you factor in simplicity.
But the real value starts when you boost it.
How This Card Becomes a 2.62% Cash Back Powerhouse
If you qualify for Preferred Rewards for Business, your earnings increase by up to 75%.
Preferred Rewards for Business Boosts
- Base earning: 1.5%
- With Platinum Honors (75% boost): 2.62% unlimited cash back
That’s 2.62% everywhere:
- Inventory
- Advertising
- Taxes
- Utilities
- Insurance
- Vendors that don’t code as bonus categories
Very few cards offer this kind of return with no annual fee.
How to Qualify for Platinum Honors (The Real Play)
To earn Platinum Honors, you need $100,000 in combined balances across eligible Bank of America business accounts.
Here’s where it gets interesting.
Business Checking Bonuses (Stackable Opportunity)
When opening a new business checking account through a small business banker, Bank of America is currently offering:
- $1,000 bonus with $20,000 in new funds
- $1,500 bonus with $50,000 in new funds
Bring $100,000, and you unlock:
- Platinum Honors status
- 75% earning boost on cash-back cards
- Access to fast-track status (no need to park funds for a full year)
Yes, this means:
- You can temporarily park funds
- Earn the bank bonus
- Unlock the cash-back boost
- And potentially move funds later
Many people churn these accounts specifically for the fast-tracked status.
⚠️ Fair warning: there are rumors this program could change in May, so this may be one of those “do it before it’s gone” situations. #bonvoyed either way.
Flexible Cash-Back Redemptions
Cash back can be redeemed as:
- Statement credit
- Deposit into a Bank of America checking or savings account
- A mailed check
No minimums. No weird restrictions.
Who This Card Is Best For
This card shines if you:
- Want set-it-and-forget-it cash back
- Have high non-bonused business spend
- Can qualify (or fast-track) Preferred Rewards for Business
- Prefer cash over points for predictable value
If you’re running paid ads, managing inventory, or paying large vendor invoices, 2.62% back adds up fast.
Final Verdict: Quietly One of the Best Business Cash-Back Cards
The Bank of America Business Advantage Unlimited card doesn’t look flashy—but once boosted, it’s one of the highest-earning unlimited cash-back cards on the market.
- $500 sign-up bonus
- No annual fee
- Unlimited 2.62% cash back (with Platinum Honors)
- Stackable bank bonuses
If you’re already holding cash—or can temporarily move it—this card deserves serious consideration.
👉 Apply here:
https://secure.bankofamerica.com/applynow/welcome.go