Our illustration in the card’s colours, not its design
Bank of America credit card
Business Advantage Unlimited Cash Rewards Mastercard® Credit Card
- APR up · 16.74% to 16.99% · Oct 2, 2026
No annual fee. $500 cash rewards after you spend $5,000 in 3 months. Purchase APR 16.99–26.99%, variable.
Checked Nov 1, 2026Updated
- Welcome offer
- Receipt · Welcome offerChecked Nov 1, 2026
Issuer's page · business.bankofamerica.com
“Get a $500 cash rewards bonus after you make at least $5,000 in purchases within 90 days of your account opening.”
- Annual fee
- Receipt · Annual feeChecked Nov 1, 2026
Issuer's page · bankofamerica.com
The source states this figure; we have no exact sentence on file yet.
- Purchase APR · variable
- Receipt · Purchase APRChecked Nov 1, 2026
Issuer's page · business.bankofamerica.com
“APR: 16.99% to 26.99%”
- Foreign transactions
- Receipt · Foreign transactionsChecked Nov 1, 2026
Issuer's page · bankofamerica.com
“3% of the U.S. dollar amount of each transaction made in a foreign currency.”
Select an underlined figure to see where it comes from.
Bank of America’s terms
Welcome offer
$500 cash
After you spend $5,000 on purchases in your first 3 months.
- Spending it takes
- $1,667 a month
- for 3 months
- Tracking since
- Sep 29, 2026
- history will chart every change
Online-only offer. The document also displays a separate $300 statement credit offer after at least $3,000 in purchases in the first 90 days.
- Larger than about 80% of the 48 other cash bonuses we track.
In dollars
What it’s worth
Yearly value in dollars: rewards and credits minus the annual fee, for three ways of spending. First year includes any welcome bonus.
| Spending | Value against the fee | First year | After |
|---|---|---|---|
| Light spender | $180 | $180 | |
| Typical spender | $950 | $450 | |
| Heavy spender | $1,490 | $990 |
The spending each assumes, and what isn’t counted
- Light spender: groceries $300, dining $100, gas $100, everything else $500 a month
- Typical spender: groceries $600, dining $300, gas $200, travel $150, everything else $1,250 a month
- Heavy spender: groceries $900, dining $600, gas $300, travel $600, airfare $300, hotels $300, everything else $2,500 a month
Assumed: welcome bonus needs $5,000 in 3 months.
$180a year
The same in the first year and after.
The spending this assumes
A month: groceries $300, dining $100, gas $100, everything else $500. Assumed: welcome bonus needs $5,000 in 3 months.
$450a year
$950 the first year, with the welcome bonus.
The spending this assumes
A month: groceries $600, dining $300, gas $200, travel $150, everything else $1,250.
$990a year
$1,490 the first year, with the welcome bonus.
The spending this assumes
A month: groceries $900, dining $600, gas $300, travel $600, airfare $300, hotels $300, everything else $2,500.
Use your own spending
Estimates from the published terms above, as checked Nov 1, 2026; not advice. How we value cards
Against the market
How it compares
Worth more to a typical spender than about 80% of the 732 cards we track.
- No annual fee, like about 95% of the 48 cards on our Cash back list (see the list).
- Lower top APR than about 70% of the 163 cards on our Sign-up bonuses list (see the list).
Other cash back cards with no annual fee
- Citizens Summit World MastercardCitizens · No annual fee+$160 a year
- Wells Fargo Cash Back Credit CardWells Fargo · No annual fee+$150 a year
- Credit One Bank Omni RewardsCredit One · No annual fee+$150 a year
Against this card, for our typical spender’s value (rewards and credits minus fees, after the first year).
Shares rounded to 5 points. Fees and APRs as stated; value for our typical spender. Method
Rewards
How you earn
- 1.5%
- Everything else
Cash back, as a share of each purchase.
Benefits
- Cash rewards statement credit: $300 one time
- Auto rental coverage
- Emergency ticket replacement
- Lost luggage assistance
- Legal and medical referrals when away from home
All 10 benefits
- Free access to Dun & Bradstreet business credit scores within Business Advantage 360
- Rental car
- Travel accident: $100,000
- Purchase protection
- Extended warranty
Changes
- Oct 2, 2026 APR 16.74% to 16.99%
Only changes that held for at least three days on both sides count; one-day blips in a reading don’t.
Every figure with its receipt
Rates and fees
| Annual fee | Receipt · Annual feeChecked Nov 1, 2026 Issuer's page · bankofamerica.com The source states this figure; we have no exact sentence on file yet. |
|---|---|
| Purchase APR | Receipt · Purchase APRChecked Nov 1, 2026 Issuer's page · business.bankofamerica.com “APR: 16.99% to 26.99%” |
| Intro APR | Receipt · Intro APRChecked Nov 1, 2026 Issuer's page · business.bankofamerica.com “0% Introductory APR on purchases for the first 7 billing cycles” |
| Balance transfer APR | Receipt · Balance transfer APRChecked Nov 1, 2026 Issuer's page · business.bankofamerica.com “APR: 16.99% to 26.99%” |
| Balance transfer fee | Receipt · Balance transfer feeChecked Nov 1, 2026 Issuer's page · bankofamerica.com “5% of the amount of each transaction.” |
| Cash advance APR | Receipt · Cash advance APRChecked Nov 1, 2026 Issuer's page · business.bankofamerica.com “27.99% Cash Advance Variable APR” |
| Cash advance fee | Receipt · Cash advance feeChecked Nov 1, 2026 Issuer's page · bankofamerica.com “5% of the amount of each transaction.” |
| Penalty APR | Receipt · Penalty APRChecked Nov 1, 2026 Issuer's page · bankofamerica.com The source states this figure; we have no exact sentence on file yet. |
| Late payment | Receipt · Late paymentChecked Nov 1, 2026 Issuer's page · bankofamerica.com “$0 if balance less than or equal to $100; $29 if $100.01 - $1,000; $39 if $1,000.01 - $5,000; $49 if greater than $5,000.” |
| Foreign transactions | Receipt · Foreign transactionsChecked Nov 1, 2026 Issuer's page · bankofamerica.com “3% of the U.S. dollar amount of each transaction made in a foreign currency.” |
| Grace period | Receipt · Grace periodChecked Nov 1, 2026 Issuer's page · business.bankofamerica.com “25% reward bonus” |
Before you apply
- What the application asks: your name, address, date of birth, Social Security number (or ITIN), income and housing payment. By law the issuer must consider your ability to pay (Regulation Z, 1026.51).
- Your credit report: applying usually means a hard inquiry, which can lower your score slightly for a while. Some issuers let you check whether you’re pre-approved first without one. How credit reports work (CFPB)
Questions
- What is the annual fee?
- None · bankofamerica.com, since Oct 11, 2026
- Does it charge a foreign transaction fee?
- Yes: 3% of the U.S. dollar amount of each transaction made in a foreign currency.. · bankofamerica.com, since Oct 11, 2026
- What is the purchase APR?
- 16.99–26.99% APR · business.bankofamerica.com, since Oct 2, 2026
- Is there an intro APR?
- 0% for first 7 billing cycles following the opening of your account. · business.bankofamerica.com, since Sep 29, 2026
- Is there a welcome bonus?
- $500 cash back after $5,000 in purchases in 3 months. · business.bankofamerica.com, since Oct 10, 2026