Update 11/4/23: Public link with $500 bonus after $5,000 spend (ht Elliot)
Original Post 10/21/23:
Bank of America has launched the Business Advantage Unlimited Cash Rewards credit card as rumored. Card offers the following:
- Sign up bonus of $300 after $3,000 in spend within 90 days of account opening ($500 bonus after $5,000 in spend available via small business bankers. Stefan at Rapid Travel Chai can help with an introduction).
- Card earns 1.5% cash back on all purchases. Up to 2.62% back with 25 – 75% for Business Preferred Rewards clients.
- No annual fee
Should I apply if I was auto denied for alaska biz bofa last week?
I called recon and I was told they can’t approve me cuz this biz alaska card has a rule of be denied if 2 revolving accounts opened in the last 12months, making the math I open one personal cc about 3 months ago, the other one about 11months ago, I thought the rule was 3/12 n not 2/12, any idea? I dont think I have applied for biz cards in the last 12months btw but I think that doessnt matter anyway…
Approved yesterday. Used sole prop and mostly my First and Last Name for filling out the business section.
Status 6/24. Transunion/Experian pulled instantly but decision was right away in under 30 seconds.
I had a hard time applying for BOA’s business products in the past. The business section/info was cluttered and a mess. Maybe my long term relationship(personal credit cards) and the couple of 0% Balance Transfers that i took out about 6 months ago helped seal the deal.
Any DP’s within the last month or so with someone holding more than 1 and getting the bonus and both of them?
Previous got $500 bonus twice. Over 12 months since last $500 bonus. Cancelled card in Oct, 2024.
Applied again after seeing $500 bonus offer in special offers after logging on BofA.
Instant approval 11k credit limit. Current have personal check and personal card.
just an FYI that this bonus does NOT show up in your Cash Rewards as spendable funds. It shows up on the corporate/parent account as a $500 statement credit (RWD PROMO STMT CREDIT).
How long did it take after spend?
I think within a few days
Thanks. What kind of spend?
Been a couple weeks – still not seeing it. Got the 1.5% cash back so far.
Finally showed up – so a few weeks.
I’ve opened 7 of these cards since 2020, 3 in 2024. Might be a useful DP for some here: I applied for my most recent card 3 months after I was approved for the last, got declined. Waited another 1.5 months and applied and was approved. Not sure if it matters, I have 5 personal cards, checking account, brokerage with them as well as platinum honors status. My plan is to apply for a new card every 4 or so months. Cards automatically close after 2 years of inactivity.
They approve you for an additional card even if you have one open already? Or are you manually canceling them before reapplying?
yes, I currently have 3
You have 3 of the exact same card? Bonuses posted? Same exact company name or do you run more than one company?
just like inks! thanks for the DPs
Can anyone let me know how long the $500 bonus takes to show up? I reached $5k spend last week and already paid off my balance but don’t see any reward?
It will show up in about a week after meeting minimum spend.
Have your bonus posted? I am still waiting for my after meeting the minimum spend for two weeks already. Usually for BoA account it post really quickly. This is my first business card with them so not sure if it is different.
I’ve done two of these, and the last one in the fall of ’24 did take a little time, at least two weeks.
Thanks for the information.
Met spend on 2/20 and still waiting on bonus to post for P2. For P1 it posted within a few days, not sure what’s going on.
What kind of spend did you do? Did it ever post?
P2 let her previous BOA expire from lack of use…
Application denied:
You’re eligible for a different secured card offer without a bonus offer or intro APR
Business Advantage Unlimited Cash Rewards Mastercard® Secured credit card
I had this card from a year ago. Can I apply for another one and be eligible for the bonus?
Had the Cash Rewards card back in 2021 for my sole prop but closed it. Applied again for this Unlimited Cash Rewards and got approved for ~$5k (I have an existing personal card with a much larger limit). Hard pull of Transunion (TU); all other bureaus frozen. I’ll call tomorrow to ask for expedited delivery.