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The Points Guy believes that credit cards can transform lives, helping you leverage everyday spending for cash back or travel experiences that might otherwise be out of reach. That's why we publish a variety of editorial content and card comparisons: to help you find a great card to turn your goals into reality.
Our site may earn compensation when a customer clicks on a link, when an application is approved, or when an account is opened with our partners, and this may impact how or where these products appear. While we don't cover all available credit cards, our editorial team creates and maintains all of the analysis of these cards, and our content is not influenced nor subject to review by any credit card company, bank or partner prior to (or after) publication. Please view our advertising policy and product review methodology for more information.
Reviews
BofA Business Advantage Unlimited card review: 1.5% cash back
Credit card writer Danyal Ahmed is an avid traveler, averaging about 100,000 aeronautical miles per year. He regularly applies that knowledge and his expertise in credit cards to his role as a credit card writer at TPG.
Stella is a full-time writer with expertise in credit cards, points and miles, and all things travel. She is a journalism graduate of the University of North Carolina, Chapel Hill and previously worked as a copywriter at JetBlue Airways and as a credit cards writer at LendingTree.
also contributed to this story
March 9, 2026 • 7 min read
The cards we feature here are from partners who compensate us when you are approved through our site, and this may impact how or where these products appear. We don't cover all available credit cards, but our analysis, reviews, and opinions are entirely from our editorial team. Terms apply to the offers listed on this page. Please view our advertising policy and product review methodology for more information.
Editorial note: This is a recurring post, regularly updated with new information and offers.
Quick summary
This business card offers a flat cash-back rate on all purchases, with the potential for a higher rate for those enrolled in a specific business rewards program.
There is no annual fee, making it appealing for small-business owners seeking simplicity and value.
The card includes basic travel and emergency protections, but limited premium perks.
It is best suited for business owners who already have qualifying business accounts with the issuing bank.
What to consider
A 3% foreign transaction fee applies to purchases made outside the U.S.
Higher cash-back rates require enrollment in a business rewards program and maintaining a minimum balance in eligible accounts.
Rewards do not expire as long as the account remains open.
What you'll miss from the article
A comparison of how this card stacks up against other leading business cards, including those with flexible redemption options or no foreign transaction fees.
Generated by AI with support from our editorial team.
Editorial disclaimer: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
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Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card
TPG Editor's Rating3.5 / 5
at Bank of America's secure site.
Rewards rate
1.5%
Earn unlimited 1.5% cash back on purchases.
Intro offer
Get a $500 online cash rewards bonus
Annual fee
$0
Regular APR
16.74% - 26.74% Variable APR on purchases and balance transfers
Bank of America Business Advantage Unlimited Cash Rewards Mastercard credit card overview
The is a business-friendly option that earns 1.5% cash back on every purchase. If you qualify for the Bank of America Preferred Rewards® for Business program, you could earn up to 2.62% cash back on all purchases — among the highest flat-rate earning rates available on a cash-back business card. The best part? There's no annual fee. Card rating*: ⭐⭐⭐½
*Card rating is based on the opinion of TPG's editors and is not influenced by the card issuer.
When it comes to owning and managing a business, the last thing you want to do is overcomplicate your finances. Because of this, a card like the is a good way to earn cash-back rewards on your business expenses with no annual fee.
TPG recommends applicants have a credit score of 740 or above to increase their chances of approval for this card. Let's dive into the card's benefits and see if it's right for your business.
The is currently offering a $500 online cash rewards bonus after spending $5,000 on purchases in the first 90 days of your account opening.
THE POINTS GUY
That's a relatively easy welcome bonus to earn, although not as lucrative as many travel business cards. Either way, it's $500 back to your company's bottom line.
The main purpose is to give business owners an easy way to earn cash back on all of their expenses. In turn, it lacks some of the benefits you may see on premium travel business cards.
However, this card has a downside: It charges a 3% foreign transaction fee on purchases made abroad, so you'll want to use another card when you're traveling outside the U.S.
Earning cash back on the BofA Business Advantage Unlimited
The main value of this card comes from its sheer simplicity: cardholders earn 1.5% cash back on all purchases, with no limit on how much cash back they can earn.
GETTY IMAGES
This card becomes even more valuable for existing Bank of America customers thanks to the Preferred Rewards for Business program. To qualify, you need an active, eligible Bank of America business checking account and a three-month combined average daily balance of at least $20,000 in your qualifying Bank of America business deposit or Merrill business investment accounts.
Preferred Rewards for Business tier
Assets required
Credit card bonus
Bonus with the Bank of America Business Advantage Unlimited
Gold
$20,000-$49,999
25% bonus
Earn 1.875% cash back on all purchases
Platinum
$50,000-$99,999
50% bonus
Earn 2.25% cash back on all purchases
Platinum Honors
$100,000+
75% bonus
Earn 2.62% cash back on all purchases
While the is a solid no-annual-fee option for many business owners, the ability to earn up to 2.62% cash back on everything makes it especially intriguing for those who already have business bank and investment accounts with Bank of America.
Which cards compete with the BofA Business Advantage Unlimited?
The business card market has competitive options from other banks, too, so it's worth assessing your options. Here's a look at other cards to consider:
If you prefer Chase: The (see rates and fees) from Chase offers the same earning rate: 1.5% cash back on every purchase made for your business, and doesn't have an annual fee. Read our review of the Ink Business Unlimited.
If you prefer a solid earning rate and no foreign transaction fees: The Capital One Spark Cash Plus offers a competitive 2% cash back on all purchases. Plus, it doesn't add foreign transaction fees to purchases made abroad. The card comes with a modest $150 annual fee (which is refunded if you spend at least $150,000 on the card each year). Read our review of the Spark Plus Cash.
Is the BofA Business Advantage Unlimited worth it?
The card is a simple, no-fuss business credit card that gives business owners peace of mind when making every transaction. It's best for those who already have Bank of America accounts and qualify for Preferred Rewards for Business. However, this card lacks bonus categories, premium perks and the ability to transfer rewards to airlines or hotels.
Bottom line
Certain businesses prefer cash back to points and miles for a more straightforward way to earn rewards on their business expenses. That way, business owners can spend their rewards exactly how they want and reduce their overall business expenses.
The is an approachable, no-frills business card that makes it a great starter card for many small-business owners.
