This has expired, but there is a $500 bonus still available.
The Offer
- Signup for the Bank of America Business Cash Rewards Mastercard and get $750 statement credit when you make at least $5,000 in purchases within 90 days of account opening.
Card Details
- No annual fee
- 0% introductory APR on purchases for the first 7 billing cycles
- Card earns 3% on up to $50,000 per year in one of the following 6 categories:
- Gas stations (default)
- Office supply stores
- Travel
- TV/telecom & wireless
- Computer services
- Business consulting services
- Card earns 2% on dining; that combines with the 3% for the $50,000 limit
- Card earns 1% everywhere else, unlimited
- Preferred Rewards Business members get up to 75% bonus on these earning rates (the 3% can be as high as 5.25%)
Our Verdict
Previous best bonus we’ve seen on this card was $500, with the same spend requirement. This is an extra $250. Bank of America does not report business cards to the personal credit bureaus, useful for those worrying about their Chase 5/24 status. Before applying make sure to read these things everybody should know about Bank of America cards. This will be added to the best business credit card bonuses.
Hat tip to reader Yet Another Redditor (YAR)
Seeing $750 offers targeted to me again. YMMV.
I successfully churned this offer, receiving both the $750 and $500 offers on the red card. I met the required spend on both cards with bank account fundings only. The first card required me to open a secured account with a personal CD of $1k that I was able to open online. I was unable to graduate the card to an unsecured card after 12 months, so I just closed it along with the CD at the same time. I opened the same exact card under the $500 offer less than a month after closure of the first card, and just received my $500 bonus in the corp account after the required spend on the second card. My second card is an unsecured card that they approved me for a CL of $5.5k. Go figure.
In my BoA special offers section I see $500 for $5k spend on Business Advantage Unlimited Cash Reward. Presumably targeted. $300 public offer on website.
Bank of America (BoA) Business Cash Rewards Application / Approval DP
– Submitted application on 9/23 with Equifax and Experian frozen, Transunion was pulled, and was immediately denied
– Spoke with recon and secured card wasn’t an option since I have an unsecured BoA Biz card – I offered up the suggestion of moving over $3K in personal credit and agent was receptive
– CSR noted the willingness to move personal credit on the application file and sent it back to underwriting
– Received an email on 9/28 that I was approved with a $16K credit limit, no personal credit was moved over
– Received bonus confirmation letter a few days later in the mail
This is just hilarious…
“Sorry, sir we can’t approve you for any credit” … “What if I move 3K of my personal credit over?” … “That changes things a ton – we will approve you for 16K”
so you now hold both secured and unsecured version of this card?
No,
JP, two cards and both are unsecured (you can’t hold a secured and unsecured biz at the same time)
I reread, and you did mention unsecured. Lol. This was a great offer. I got to do it 3 times, while P2 got stuck at secured card. The CD matures in next March, so thinking to just wait it out or cancel prematurely.
I had a secured business card once upon a time and tried to graduate it early, but the request was denied. I ended up closing the card before the 1 year mark, got the hold from the CD released, and cashed it out.
Do you remember what the denial reason was?
Now that the $750 offer is dead – is there a working $500 link for the BoA Business Advantage Customized Cash Rewards?
Yeah, the old $500 link looks dead as well. The $300 offer appears to be the only one available.
For what it’s worth, the $500 link was active as of September 24 when I applied. Looks like they pulled it recently.
Here’s the $500 link: https://apply.uscreditcardguide.com/credit-card/boa-cash-rewards-business/apply/
Thanks link appears to still be working
RIP to a great offer! Between me and P1/P2 we have 7 total (5 for the $750) and 5 of those were all funding Redstone accounts. Sad to see this one go!
does this confirm that BOA biz cards bypass 2/3/4 rule? You would’ve had to get 4 in a 7 month period, so if you had any more BOA cards, it would seem they do bypass. Can you confirm?
P1 and P2 both have EIN/SSN so I had opened P1: 2 EIN, 2 SSN, P2, 2 EIN, 1 SSN.
did you lower credit limit before applying for another one or just got approval each time without it
Just got approved each time. Didn’t make any adjustments. P1 and P2 both have established other biz CC at other banks and have 775+ credit.
Try applying after got approved 2 months ago and today I got denied Letter in mail say Denied “You have too many recent requests for credit with us”
Did I apply too soon?
Yes, 90 day wait.
Did you have a biz checking account or personal acct with boa?
That seems like really great approvals
for those who reconned this card and reallocated CL, how long did it take for you to get a response? and was there any way for you to check recon app status? I was told 7-10, but forgot to ask to expedite, so hoping to get immediate response & call in to expedite
RIP
I think this offer is over. Application page initially comes up but then says system down. Tried multiple browsers. Tried the $500 link and that one stays up.
7/22 – Unsecured card approved
8/6 – Met 5k spend
8/17 – Balance paid off
8/18 – Statement closed
8/20 – No statement credit posted to CORP account yet
Reading the fine print of the application, it says the $750 could take 10-12 weeks to post?! Others here seemed to receive the credit immediately in the same billing cycle. Will report back if/when it does post…
Met spend on 8/6. Still no credit to Corp account. 2nd card. Called and rep confirmed offer and that I met spend and told me just to wait.
My bonus posted on 8/24 (saw it 8/25), 10 days after meeting the spend requirement. 10-15 days has been typical for mine. Also, it seems to post around the 20th-24th of the month (so possibly that’s the rule, rather than number of days).
Just an update to the above, $750 statement credited on 8/25!
Adding to the DPs. Mine posted, as well. Seems they post in batches.