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.
Advertiser disclosure
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
Bank of America Business Advantage Unlimited Cash Rewards Secured Business credit card review
Augusta Stone is a credit cards writer for TPG. She joined the TPG team in 2023 and is excited to take points and miles beginners with her on a journey toward maximizing rewards.
March 3, 2025 • 8 min read
MLADENBALINOVAC/GETTY IMAGES
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
A secured business card can help owners with limited or poor credit history build credit while earning cash-back rewards.
This product requires a refundable security deposit, which becomes the credit limit, and does not impose an annual fee.
Cardholders may be eligible to transition to an unsecured version after consistent on-time payments, but not all will qualify.
The card offers travel accident insurance, auto rental coverage and tools for managing business credit.
What to consider
A minimum $1,000 security deposit is required to open the account, and there is no welcome bonus offered.
A 3% foreign transaction fee applies to purchases made outside the U.S., making it less ideal for international use.
There are no bonus earning categories, but rewards do not expire as long as the account remains open.
What you'll miss from the article
A comparison of alternative secured business cards, including those with no foreign transaction fees or different application requirements.
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.
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 . 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
Pros
Cons
Unlimited cash rewards on every purchase
No annual fee
Travel accident insurance
Ability to transition to the unsecured version of the card
Requires a security deposit
No bonus categories
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.
THE POINTS GUY
It's not necessarily common for secured credit cards to include a welcome offer, as their primary purpose is to build credit history.
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.
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.
GRAPEIMAGES/GETTY IMAGES
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.
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.
YOUNGOLDMAN/GETTY IMAGES
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.
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
WESTEND61/GETTY IMAGES
These are decently flexible options for simple cash-back earnings. Plus, your rewards won't expire as long as your account remains open.
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 don't mind paying an annual fee: The (see rates and fees) 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.
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.
