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Author - Sam
Updated: April 1, 2024 | Credit Card Review The Business Advantage Customized Cash Rewards Mastercard credit card gives you the option to choose a category in which you will earn 3% cashback on the first $50,000 you spend in a calendar year (eligible categories are gas stations, office supply stores, travel, TV/telecom and wireless, computer services, or business consulting services). Plus, Business Preferred Rewards members can increase their cashback by up to 75%!
- Credit: Good credit needed
- It is strongly advised to have a Bank of America checking account, preferably with more than $10k in it, in order to get good approvals from Bank of America business cards
- Step by step guide how to apply without an LLC or C-Corp
- Max cards: Bank of America will not approve you for their credit card if you opened more than 2 cards in the past 12 months, even if it’s from other issuers. Expect if you are a BOA bank account holder, then you can get approved even if you opened up to 6 cards in 12 months
Apply for many business cards at the same time: You could apply for the same business card as many times as you want using different Tax IDs, or apply for different cards with the same Tax ID. There is no limit to how many Bank of America business cards you can get within a day. They only pull your credit once within 30 days. I’ve seen people get approved for as many as 6 cards in one day.
- Not reported on personal credit reports: Bank Of America will not report business credit cards on personal credit reports.
- Credit bureau: Bank Of America will usually pull your Transunion credit report for business cards
- Combining same-day credit inquiries: Credit inquiries for all Personal BOA cards for same-day applications will be combined; also, Credit inquiries for all Business BOA cards for same-day applications will be combined.
- Check application status: You can check your application status here
- Reconsideration: If declined you can call the business underwriting department at 1-888-569-4439 to be reconsidered (only for business cards)
Quickest way to get my card: You can request Bank of America to expedite your physical card by calling Bank of America customer service. Bank of America will in most cases not offer an instant credit card number for your new card.
Approval Monitor (submitted by HelpMeBuildCredit users)
Credit limit range $1,500-$16,000
Avg. Credit limit$10,150
Disclosure: These results are based on information submitted by HelpMeBuildCredit users. Credit card approval results are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. Neither HelpMeBuildCredit nor the bank advertiser's take any responsibility on the accuracy of the information.
HelpMeBuildCredit credit ranges are a variation of FICO®️ Score 8, one of many types of credit scores lenders may use when considering your credit card application
Earn bonus rewards with Bank Of America Business Preferred Rewards. Business Platinum Honors members ($100,000 or more in your Bank of America accounts) earn 75% more rewards on all purchases, Business Platinum members ($50,000 or more in your Bank of America accounts) earn 50% more rewards on all purchases, Business Gold members ($20,000 or more in your Bank of America accounts) earn 25% more rewards on all purchases.
