Bank of America Business Advantage Unlimited Cash Rewards $500 Signup Bonus

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:

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  • 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.

  • My card shows up in my "personal" BoA account. How do I create a separate business login / profile with BoA to manage?

  • $750 targeted. Just clicked on the banner/image on the lower right hand after logging in - "Welcome back. Your credit card offers await"

    • Applied using the $500 SUB link and was automatically declined (due to too many recent requests for credit).
    • Called recon and was able to resubmit application with a reallocation of credit from an existing business card.
    • Was rejected again after manual review for already having / opening the maximum number of Business Unlimited Cash cards within a set period of time.
    • I wasn't told the precise timeframe, but I currently have 2 Unlimited Cash cards that were opened within the past 12 months.
  • The public deal for 5k spend and $500 reward is still active, correct? I see in the fine print that it still says $500, however, I just want to be cautious.

  • How strict are they with the amount of credit cards you opened in the past year? I opened around three last year. Thoughts?