Bank of America Business Advantage Unlimited Cash

Earn a one-time $500 cash rewards bonus when you spend at least $5,000 in purchases within the first 90 days of opening your account. This offer is available through the online application channel only.

Every purchase earns 1.5% cash back with no spending cap and no category restrictions. You can redeem your rewards as a statement credit, a check, or a direct deposit into an eligible Bank of America account.

Platinum Honors members of the Preferred Rewards for Business program earn 2.625% cash back on all purchases, which is a 75% bonus over the standard 1.5% rate. This tier requires $100,000 or more in combined Bank of America and Merrill business balances, evaluated on a three-month average.

If you qualify for the Gold tier of the Preferred Rewards for Business program, your cash-back rate increases from 1.5% to 1.875% on all purchases — a 25% boost. Gold tier requires maintaining $20,000–$49,999 in combined Bank of America and Merrill business balances over a three-month period.

When you need a doctor or attorney while away from home, call the travel assistance line and they'll connect you with local professionals based on where you are. Note that this is a referral service only — it does not pay for any legal or medical expenses you incur.

If your common-carrier travel tickets are lost or stolen while you're traveling, the card's travel assistance line can help coordinate replacements with the airline or ticketing agency. Tickets must have been purchased with this card to qualify.

If your bags go missing during a trip, the card's travel assistance line can help you track them down by working with the airline or carrier on your behalf. This is a coordination service, not an insurance benefit, so it won't reimburse you for lost items.

When you pay for a rental car with this card and decline the rental company's collision damage waiver, you get secondary coverage for theft or collision damage. Secondary means your personal auto insurance pays first, and this benefit covers remaining eligible costs. Charge the full rental to the card to activate coverage.

Cardholders are automatically covered for accidental death or dismemberment up to $100,000 when travel fares are charged to this card. Check your benefit guide for details on which transportation types are covered and any applicable exclusions.