Bank of America Business Advantage Unlimited Cash Rewards Secured Business credit card review
Editor's Note
Bank of America Business Advantage Unlimited Cash Rewards Secured Business Credit Card overview
The Bank of America® Business Advantage Unlimited Cash Rewards Secured Business credit card is a decent choice for small-business owners with limited credit history. You'll earn cash-back rewards without an annual cap on what you get back. For no annual fee and a minimum $1,000 security deposit (which will become your credit line), it's not a bad deal if you need a secured business card. Card rating*: ⭐⭐½
*Card rating is based on the opinion of TPG's editors and is not influenced by the card issuer.
The Bank of America Business Advantage Unlimited Cash Rewards Secured Business credit card is a secured version of the Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card. Secured business credit cards are a better option for those with bad or limited business credit, as they allow you to provide a cash deposit that will equal your credit limit.
This card offers a pathway to transition into the unsecured version after making on-time payments consistently, which can unlock a higher credit limit without the security deposit requirement. Not all customers will qualify.
This card is ideal for business owners seeking to rebuild or even establish their credit. Here's what to know about the Bank of America Business Advantage Unlimited Cash Rewards Secured Business credit card.
The information for the Bank of America Business Advantage Unlimited Cash Rewards Secured Business credit card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Bank of America Business Advantage Unlimited Cash Rewards Secured Business credit card pros and cons
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Bank of America Business Advantage Unlimited Cash Rewards Secured Business credit card welcome offer
The Bank of America Business Advantage Unlimited Cash Rewards Secured Business credit card does not offer a welcome bonus.
It's not necessarily common for secured credit cards to include a welcome offer, as their primary purpose is to build credit history.
Related: What is a secured business credit card?
Bank of America Business Advantage Unlimited Cash Rewards Secured Business credit card benefits
For a no-annual-fee secured card, the Bank of America Business Advantage Unlimited Cash Rewards Secured Business credit card provides a decent list of benefits for business owners.
The card offers up to $100,000 in travel accident insurance. Additional protections include auto rental insurance, emergency ticket replacement, lost luggage assistance and legal and medical referrals while traveling. These perks are also available with the unsecured version of this card, so they're nice pluses for the secured one.
Along those lines, Bank of America states it will "periodically review your account." If the bank finds that your credit history is improving, you will have the opportunity to transition to an unsecured card. Not all customers will qualify.
For those working to build up credit with this secured business card, you'll get free access to your business credit scores, cash flow management tools, fraud monitoring, balance connect for overdraft protection and zero liability protection. These are helpful perks for business owners with limited or recovering credit.
This isn't the card to take abroad, however, since it charges a 3% foreign transaction fee on purchases you make outside of the U.S.
Related: The best cards for trip cancellation and interruption insurance — and what it actually covers
Earning cash back on the Bank of America Business Advantage Unlimited Cash Rewards Secured Business credit card
One of the perks that comes with the Bank of America Business Advantage Unlimited Cash Rewards Secured Business card is that you can earn rewards as you build your credit history. You'll earn 1.5% cash back on every purchase with no cap on what you earn annually.
While you won't be able to leverage elevated earning rates across bonus categories with this card, this is a solid, simple cash-back rate for those without a good credit score. You'll be above our target 1% cash-back earning rate on every purchase for no annual fee — all while building up your credit.
Most secured cards don't earn any rewards, so this feature helps the Bank of America Business Advantage Unlimited Cash Rewards Secured Business stand out.
Related: Why you should get a fixed-rate rewards credit card
Redeeming cash back on the Bank of America Business Advantage Unlimited Cash Rewards Secured Business credit card
Those with the Bank of America Business Advantage Unlimited Cash Rewards Secured Business credit card can cash in on their cash-back earnings with the card in multiple ways:
- Deposited into your Bank of America checking or savings account
- Applied as a statement credit
- Mailed to you as a check
These are decently flexible options for simple cash-back earnings. Plus, your rewards won't expire as long as your account remains open.
Related: The pros and cons of cash-back credit cards
Which cards compete with the Bank of America Business Advantage Unlimited Cash Rewards Secured Business credit card?
While the Bank of America Business Advantage Unlimited Cash Rewards Secured Business credit card could be a solid choice for business owners looking to improve their credit, there are some other secured credit card options out there that may also suit those needs.
- If you don't want to pay foreign transaction fees: The Capital One Platinum Secured Credit Card could be a good option for those looking to rebuild their credit with a no-annual-fee card that doesn't charge foreign transaction fees. However, the Capital One Platinum Secured does not offer rewards. To learn more, read our full review of the Capital One Platinum Secured.
- If you want to earn rewards with no foreign transaction fees: The Capital One Quicksilver Secured Cash Rewards Credit Card also earns 1.5% cash back on every purchase and doesn't charge any foreign transaction fees. You could potentially earn back your deposit and upgrade to an unsecured Capital One Quicksilver Cash Rewards Credit Card with responsible use. To learn more, read our full review of the Capital One Quicksilver Secured.
- If you don't mind paying an annual fee: The opensky® Secured Visa® Credit Card is a good candidate for those with limited credit histories since you can apply without a credit check. However, it does come with a $35 annual fee. To learn more, read our full review of the opensky Secured Visa.
For more details, check out our full list of the best secured credit cards and best secured business credit cards.
Is the Bank of America Business Advantage Unlimited Cash Rewards Secured Business credit card worth it?
If you're a business owner who wants to improve your credit score, the Bank of America Business Advantage Unlimited Cash Rewards Secured Business credit card could be a good option, especially since it offers a pathway to getting the unsecured version of the card.
You'll earn rewards at a flat 1.5% cash-back rate, but you won't have any bonus categories to maximize, so it's good if your business has varied everyday spending tendencies.
Bottom line
The Bank of America Business Advantage Unlimited Cash Rewards Secured Business credit card is meant to help those with poor or limited credit history build up their credit and earn rewards while doing so.
If you're looking for simplicity and don't mind a card that charges a foreign transaction fee, this could be a decent choice.
TPG featured card
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| 3X | Earn 3X Miles on Delta purchases. |
| 1X | Earn 1X Miles on all other eligible purchases. |
Pros
- Delta SkyClub access when flying Delta
- Annual companion ticket for travel on Delta (upon renewal)
- Ability to earn MQDs through spending
- Various statement credits for eligible purchases
Cons
- Steep annual fee of $650
- Other Delta cobranded cards offer superior earning categories
- Earn 100,000 Bonus Miles after you spend $6,000 or more in purchases with your new Card within the first 6 months of Card Membership and an additional 25,000 bonus miles after you make an additional $3,000 in purchases on the Card within your first 6 months, starting from the date that your account is opened. Offer Ends 04/01/2026.
- Delta SkyMiles® Reserve American Express Card Members receive 15 Visits per Medallion® Year to the Delta Sky Club® when flying Delta and can unlock an unlimited number of Visits after spending $75,000 in purchases on your Card in a calendar year. Plus, you’ll receive four One-Time Guest Passes each Medallion Year so you can share the experience with family and friends when traveling Delta together.
- Enjoy complimentary access to The Centurion® Lounge in the U.S. and select international locations (as set forth on the Centurion Lounge Website), Sidecar by The Centurion® Lounge in the U.S. (see the Centurion Lounge Website for more information on Sidecar by The Centurion® Lounge availability), and Escape Lounges when flying on a Delta flight booked with the Delta SkyMiles® Reserve American Express Card. § To access Sidecar by The Centurion® Lounge, Card Members must arrive within 90 minutes of their departing flight (including layovers). To access The Centurion® Lounge, Card Members must arrive within 3 hours of their departing flight. Effective July 8, 2026, during a layover, Card Members must arrive within 5 hours of the connecting flight.
- Receive $2,500 Medallion® Qualification Dollars with MQD Headstart each Medallion Qualification Year and earn $1 MQD for each $10 in purchases on your Delta SkyMiles® Reserve American Express Card with MQD Boost to get closer to Status next Medallion Year.
- Enjoy a Companion Certificate on a Delta First, Delta Comfort, or Delta Main round-trip flight to select destinations each year after renewal of your Card. The Companion Certificate requires payment of government-imposed taxes and fees of between $22 and $250 (for itineraries with up to four flight segments). Baggage charges and other restrictions apply. Delta Basic experiences are not eligible for this benefit.
- $240 Resy Credit: When you use your Delta SkyMiles® Reserve American Express Card for eligible purchases with U.S. Resy restaurants, you can earn up to $20 each month in statement credits. Enrollment required.
- $120 Rideshare Credit: Earn up to $10 back in statement credits each month after you use your Delta SkyMiles® Reserve American Express Card to pay for U.S. rideshare purchases with select providers. Enrollment required.
- Delta SkyMiles® Reserve American Express Card Members get 15% off when using miles to book Award Travel on Delta flights through delta.com and the Fly Delta app. Discount not applicable to partner-operated flights or to taxes and fees.
- With your Delta SkyMiles® Reserve American Express Card, receive upgrade priority over others with the same Medallion tier, product and fare experience purchased, and Million Miler milestone when you fly with Delta.
- Earn 3X Miles on Delta purchases and earn 1X Miles on all other eligible purchases.
- No Foreign Transaction Fees. Enjoy international travel without additional fees on purchases made abroad.
- $650 Annual Fee.
- Apply with confidence. Know if you're approved for a Card with no impact to your credit score. If you're approved and you choose to accept this Card, your credit score may be impacted.
- Terms Apply.
- See Rates & Fees