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Bank of America has quietly changed the structure of their 3% levels on the Business Advantage Cash Rewards Mastercard to allow users to choose one of six levels to earn 3% up to a maximum of $ 50,000. This is somewhat similar to what they did recently with the Personal Cash Rewards Card.
Under the old terms, you got 3% to $ 250,000 on gas stations and office supply stores. Under the new terms, you can choose one of these six categories, with a maximum limit of $ 50,000. The $ 50,000 limit is combined with the 2% payout limit on the food category (which is the other card bonus category).
Boa Business Advantage Cash Rewards
In general, under the old terms you can get 3% on both office supplies and gas stations, up to $ 250,000 a year, but under the new terms you can choose one category only, so I would say this is a downgrade. The limit is now $ 50,000, and the limit is now combined with the 2% dining limit. The advantage is that anyone who is not interested in the gas or office categories can now choose any of the other four.
Bank Of America Business Cash Rewards $500 Signup Bonus
I don’t know what will happen to the existing cardholders, they will probably all switch eventually, but I assume it will remain the same for now.
The card is even more interesting if you have Preferred Rewards business status (which is separate from the Preferred Rewards personal program), which gives you 25-75% extra points on earning points. This means that the 3x category becomes 5.25 %% at the highest level.
R / churning members refer to this as an added offer (with paper changes), but a search on the site shows that there is still a $ 350 offer with $ 3,000 spending from last year.
Interestingly, that offer page still shows the old 3% terms. I think they haven’t updated all the pages, they probably will. Going through the $ 350 page you get an extra $ 50 bonus, and it should be locked (at least temporarily) into the old 3% structure, which will be superior to most people.
Bank Of America Business Advantage Customized Cash Rewards Card Review[Update 5/16/19: $ 350 link, no longer working. I received an email with a $ 350 Target link, but it doesn’t seem to be publicly available yet. If anyone sees a common link, please let us know. The $ 300 offer is still public.]
I’m not sure if the registration bonus brings the 25-75% Preferred Rewards push. Check these things to know about Bank of America credit cards before applying. A few months ago, Bank of America launched a credit card of unlimited cash rewards. While 1.5% unlimited cash back was not surprising, the card was an impressive development as it represented the opportunity to earn up to 2.625% cash back anywhere for Honor Platinum holders. Earlier this week, Bank of America launched another new card: The Bank of America Business Advantage Unlimited Cash Rewards Mastercard. This means that those with preferred rewards on the business side can now also earn up to 2.625% back on this card.
Information about this paper was collected independently by Frequent Miller. The issuer did not provide the details and is not responsible for their accuracy.
Earnings rate: 1.5% everywhere; Earn up to 2.625% anywhere back with Bank of America Platinum Honor status. Note that you need preferred rewards from the business side (“Preferred Business Rewards”) to earn more revenue.
Boa Debuts Unlimited Cash Rewards Card
See also: Bank of America Business Cards: Fear If You Can Invest $ 100K in Business Accounts with Merrill Edge to Earn Preferred Rewards for Business Platinum Honor Status
This is good news for those with a preferred position of rewards on the business side of things, as it creates an opportunity for a greater “anywhere else” ratio to business costs.
Remember that Preferred Rewards are calculated separately for business cards, so having Preferred Rewards on the personal side doesn’t help. To get business status you will need to deposit money into business accounts.
(Otherwise a 1.5% card is a machine) and can be a nice little cash bonus whether you have status or not.
Bank Of American Business Advantage Cash Rewards Credit Card Approval! Bank Of America Business Cc
We maintain a list of the best current credit card bonuses and this page gives more tips on how to work.
Our resource page has a collection of our most helpful guides and complete posts. Here are some comprehensive guides to get you started … Bank of America has launched a new credit card for small businesses. The Business Advantage Unlimited Cash Rewards Card earns an unlimited cash back of 1.5% on all purchases. The cashback rate can be as high as 2.62% with a Preferred Rewards link. The card has no annual fee and cash prizes are easy to redeem.
But the most valuable feature of this new card is the registration bonus. There is a $ 300 offer online, but Bank of America bankers can get you a better offer for $ 500. Let’s see how the bonus works and some other details of this new card.
Rapid Travel Chai put this offer first and you can connect with a banker if you do not have an existing connection.
Bank Of America Launches Business Unlimited Cash Rewards Card
You have several easy options to get your money back. You can deposit the accumulated amount back into your Bank of America checking or savings account, apply it as a statement credit to your account, or you can have a check sent to you.
This is not a very attractive product for many people. But if the rewards you prefer are members of Platinum Honors, Bank of America Business Advantage Unlimited Cash Rewards Card is better. Then you earn 2.62% cashback on all purchases.
The card is worth getting for the registration bonus. The $ 300 offer isn’t great, but if you can hook up with a banker and get a $ 500 bonus, it’s worth it.
Disclosure: Miles to Memories has partnered with CardRatings to cover our credit card products. Miles to Memories and CardRatings can receive commissions from card issuers. The opinions, reviews, analysis and recommendations are only those of the author and have not been reviewed, approved or approved by any of these bodies.
Update] Bank Of America Business Cash Rewards Changes 3% Category To A Chosen Category + Best Signup Offers
Capital One Venture now has more to offer. For a limited time you can earn 75,000 miles after spending $ 4K in the first 3 months of getting the card. Venture earns 2X miles on all purchases and 5X with Capital One travel. Points can be used for a variety of things, including withdrawing cash and transfers to travel partners.
Located in NYC. I have been passionate about points / miles for years and have been actively writing about it for the past 6+ years at Danny The Deal Guru. I’m always looking for offers. Making a few bucks is always nice, but travel is the best part of this business.
Bank of America may not be a heavyweight credit card, but the bank can offer significant benefits to many. Learn more here.
The Bank of America on us museum program will benefit for 2022. Find out the dates, how to qualify and how to check out some free museums.
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Bank of America has a new $ 500 bonus for those who open a business audit account. This offer requires you to have $ 20,000 of funds deposited into your new account and held there for 2-3 months.
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Bank Of America Business Advantage Cash Rewards Credit Card Review 2022
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Gig workers, freelancers, small business owners, and anyone starting a business should consider having a business credit card to separate their personal expenses from company-related expenses. This Bank of America business benefits from a personalized cash prize loan
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