Bank of America Business Advantage Unlimited Cash Rewards
Bank of America · Business review
Bank of America and Merrill business customers enrolled in Preferred Rewards for Business — the flat 1
Sorted by score, never commission
Annual fee
$0
No annual fee, every year
Ongoing APR
16.74% – 26.74% variable
Variable — verify the current range at the issuer
Intro APR
0% intro APR on purchases for 7 billing cycles
Then the ongoing APR applies
As of July 31, 2026
Best for
Bank of America and Merrill business customers enrolled in Preferred Rewards for Business — the flat 1.5% base rate scales up with combined balances: 25% higher (1.87%) at the Gold tier ($20,000+), 50% higher (2.25%) at Platinum ($50,000+), and 75% higher (2.62%) at Platinum Honors ($100,000+). No annual fee, no category tracking, uncapped earning.
Not for
Businesses without a Bank of America or Merrill deposit relationship — the plain 1.5% flat rate is beaten by several no-fee 2% cards (Amex Blue Business Cash on spend under $50k/yr, Chase Ink Business Unlimited's 1.5% has no such ceiling either) — and businesses that spend abroad, where the 3% foreign transaction fee applies.
The catch
The headline value lives entirely in the Preferred Rewards for Business multiplier, which requires parking real combined balances at BofA/Merrill business and personal accounts. Without that relationship you're holding a plain 1.5% flat-rate card with a 3% foreign transaction fee — no better, and in most cases worse, than the no-fee alternatives.
Card facts
Sourced from the issuer's published Schumer Box and terms — confirm current numbers at the issuer.
Product specs
- Annual fee
- $0
- Intro APR
- 0% intro APR on purchases for 7 billing cycles
- Ongoing APR
- 16.74% – 26.74% variable
- Foreign transaction fee
- 3%
- Balance transfer fee
- 5% of the transaction amount
- Schumer Box sourced
- July 31, 2026
How we scored this card
See our published methodology — 5 dimensions, 0–20 each, 100-point total.
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Frequently asked
Does the Bank of America Business Advantage Unlimited Cash Rewards charge an annual fee?
No. The Bank of America Business Advantage Unlimited Cash Rewards carries a $0 annual fee, sourced from the issuer's published Schumer Box as of July 31, 2026. Rates change — confirm the current terms at the issuer.
What APR does the Bank of America Business Advantage Unlimited Cash Rewards charge?
16.74% – 26.74% variable. There is also an intro rate: 0% intro APR on purchases for 7 billing cycles. APRs are variable and set by the issuer — confirm the current range on the issuer's Schumer Box before you commit.
Does the Bank of America Business Advantage Unlimited Cash Rewards charge foreign transaction fees?
Yes — 3% per purchase made outside the U.S. Factor that in if you travel or shop internationally.
Who is the Bank of America Business Advantage Unlimited Cash Rewards best for?
Bank of America and Merrill business customers enrolled in Preferred Rewards for Business — the flat 1.5% base rate scales up with combined balances: 25% higher (1.87%) at the Gold tier ($20,000+), 50% higher (2.25%) at Platinum ($50,000+), and 75% higher (2.62%) at Platinum Honors ($100,000+). No annual fee, no category tracking, uncapped earning.
Who should skip the Bank of America Business Advantage Unlimited Cash Rewards?
Businesses without a Bank of America or Merrill deposit relationship — the plain 1.5% flat rate is beaten by several no-fee 2% cards (Amex Blue Business Cash on spend under $50k/yr, Chase Ink Business Unlimited's 1.5% has no such ceiling either) — and businesses that spend abroad, where the 3% foreign transaction fee applies.
How did ClearValue score the Bank of America Business Advantage Unlimited Cash Rewards?
Bank of America Business Advantage Unlimited Cash Rewards scored 82/100 — "Solid pick". We score every card across five dimensions (effective rewards, fee structure, audience fit, transparency, and the weakness named), 0–20 each. Scores are never influenced by commission. See our methodology for the full rubric.
Alternatives to the Bank of America Business Advantage Unlimited Cash Rewards
Other business cards we've scored, ranked by our methodology.
- ChaseSolid pick
Chase Ink Business Unlimited
88/100Annual fee$0Ongoing APR16.74–24.74%Intro APR0% · 12 moBest forBusinesses whose spend doesn't concentrate in a specific bucket — unlimited 1
Fees sourced from issuer terms · 2026-07-22
- American ExpressSolid pick
American Express Blue Business Cash
85/100Annual fee$0Ongoing APR16.74–28.49%Intro APR0% · 12 moBest forBusinesses that want a flat, no-annual-fee cash-back rate with no categories to track: 2% back, automatically applied as
Fees sourced from issuer terms · 2026-07-31
- ChaseSolid pick
Chase Ink Business Cash
85/100Annual fee$0Ongoing APR16.74–24.74%Intro APR0% · 12 moBest forSmall businesses with real office-supply and telecom spend
Fees sourced from issuer terms · 2026-07-16
