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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 advised to have a Bank Of America business checking account for a better chance of approval.
- 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. Except if your a BOA bank account holder, then, you can get approved even if you opened up to 6 cards in 12 months
- 24 month rule: You "may" not be eligible for a new card if your business entity currently has, or has had, another business card with Bank of America in the past 24 month period.
- 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 Experian credit report (if you freeze Experian then Bank Of America pull your TransUnion credit report)
- 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 1-888-762-5486 to be reconsidered
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$8,833
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.
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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.
