Bank of America Business Advantage Unlimited Cash Reward Secure Credit Card Review – Forbes Advisor and More News

Published by
Peter Kavinsky

Bank of America® Business Advantage Unlimited Cash Reward Secure Credit Card* vs. Wells Fargo Business Secure Credit Card*

Wells Fargo Business Secured has no annual fees and also offers convenient features like auto pay, online account management, fraud monitoring, overdraft protection and $0 fraud liability, but its fee structure is a bit more complicated than Bank of America Business Advantage Unlimited. Cash rewards Protected card.

With a similar 1.5% cash back option, the Wells Fargo Business Secured card returns 1.5% cash back for every dollar spent on qualifying purchases, or earns 1 point per dollar and earns 1,000 reward points when a business spends $1,000 or more on any monthly billing period. .

A narrow group of businesses may benefit from improved points rewards over cash back, so the Wells Fargo Business Secured card may slightly edge out the Bank of America card when it comes to rewards. Think about which card benefits best suit your needs. Wells Fargo Business Secured offers secured (backed by your deposit) lines of credit ranging from $500 to $25,000.

Bank of America® Business Advantage Unlimited Cash Reward Secure Credit Card* vs. Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® Credit Card

The Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card is an unsecured version of the secure Bank of America Business Advantage Unlimited Cash Rewards card and likely requires a higher business credit score or personal loan from the business owner to be approved.

The card is similar in terms of additional benefits and offers the same reward structure, but a few key features stand out from the unsecured card. It comes with a starting APR of 0% for 9 billing cycles on purchases, followed by a variable APR of 14.49% to 24.49% on purchases and balance transfers. A balance transfer fee of $10 or 4% of each transaction amount, whichever is greater, applies. It also offers a $300 welcome bonus after you make a net purchase of at least $3,000 within the first 90 days of opening your account. Those who qualify for the Bank of America Preferred Rewards for Businesses can potentially receive higher cashback rates with this card.

For those businesses choosing between a secured and an unsecured card, these two cards are a great example of the additional incentives available with unsecured cards, beyond the absence of a required deposit.

Bank of America® Business Advantage Unlimited Cash Reward Secure Credit Card* compared to the Brex 30 card

The Brex 30 card does not require a personal guarantee, but offers dynamic credit limits designed to change your company’s cash flow. It’s a completely different beast compared to Bank of America Business Advantage Unlimited Cash Rewards Secured, but for those businesses that want to avoid a personal credit check but have enough funds, the Brex card can be a strong alternative to the secured card.

Brex is also a payment card, so balances must be paid monthly or daily, depending on which version of the card you have, but no interest is charged. The card charges no annual fees, no foreign transaction fees, and offers a reward of 1 Brex point per dollar as an alternative to its exclusive Brex rewards system, a challenging but potentially lucrative rewards program.

Peter Kavinsky

Peter Kavinsky is the Executive Editor at cablefreetv.org

Recent Posts

  • News

Benefits for pensioners on a communal apartment, taxes and public transport in Russia in 2022, which are required

The average pension in Russia is now about 18 thousand rubles.A picture: Nikolay OBEREMCHENKOEach region…

4 mins ago
  • News

Conor Gallagher will have a chance to claim the World Cup – Graham Potter

World Cup hopeful Conor Gallagher will have plenty of chances to impress Gareth Southgate in…

6 mins ago
  • News

Reaction to Mert Hakan Yandaş before Beşiktaş Fenerbahçe match!

Super LeagueBefore the first derby of the year, Fenerbahce football players went to Vodafone Park…

7 mins ago
  • News

Israel ready to accept massive wave of immigration from Russia and Ukraine

Israel to accept wave of immigration from Russia and Ukraine Israel has announced its readiness…

8 mins ago
  • News

Derby dominance and other things we learned in the Premier League this weekend

Click Here to Watch this Event Live Online for Free! Erling Haaland and Phil Foden…

9 mins ago