Bank of America Launches Business Advantage Unlimited Cash Rewards Card for Entrepreneurs
Bank of America today announced the launch of the Business Advantage Unlimited Cash Rewards card. This new card allows small business owners to earn unlimited 1.5% cash back on all purchases. Cash rewards don’t expire, and redemption is simple: small business clients can redeem their cash back for any amount, at any time for statement credits or deposits directly into a Bank of America checking or savings account, or for credit to an eligible Merrill account. The Business Advantage Unlimited Cash Rewards card has no annual fee.
“Running a business can be challenging, but earning rewards on your spending should be simple and convenient,” said Chris Wong, Small Business Products executive at Bank of America. “With the launch of the Business Advantage Unlimited Cash Rewards card, we’ve streamlined the way entrepreneurs are rewarded for their spending, so they can focus on running and expanding their business.”
Members of Bank of America’s Preferred Rewards for Business program earn 25% to 75% more cash back on every purchase made with the Business Advantage Unlimited Cash Rewards card, depending on their rewards tier – that means the unlimited 1.5% cash back earned on all purchases could go up to 2.62% cash back. The consumer version of the Unlimited Cash Rewards Credit Card launched in July.
Bank of America also announced an innovative bill payment and invoicing solution which runs within Business Advantage 360, Bank of America’s digital platform for small businesses. Clients can choose from two options to enhance their digital experience, depending on the specific needs of their business:
Over the past two years, Bank of America has created or enhanced a variety of other resources and tools to help business owners navigate the pandemic and simplify their operations, including:
Download the Bank of America app or visit bankofamerica.com.
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 66 million consumer and small business clients with approximately 4,200 retail financial centers, approximately 17,000 ATMs, and award-winning digital banking with approximately 41 million active users, including approximately 32 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
For more Bank of America news, including dividend announcements and other important information, register for email news alerts.
Don Vecchiarello, Bank of America