Bank of america business cash rewards card - Revision history

Editor at 17:29, 10 September 2021

2021-09-10T17:29:08Z

Editor at 21:16, 14 June 2021

2021-06-14T21:16:59Z

Editor at 21:00, 14 June 2021

2021-06-14T21:00:28Z

Editor at 06:39, 19 February 2021

2021-02-19T06:39:14Z

Editor: Editor moved page Bank of America Business Cash Rewards Card to Bank of america business cash rewards card without leaving a redirect

2021-02-19T00:12:12Z

Editor moved page Bank of America Business Cash Rewards Card to Bank of america business cash rewards card without leaving a redirect

Editor at 23:39, 12 October 2020

2020-10-12T23:39:19Z

Editor: /* Bonus categories */

2020-10-11T06:05:43Z

‎Bonus categories

Editor: /* Bank of America Preferred Rewards Program */

2020-10-10T22:27:47Z

‎Bank of America Preferred Rewards Program

Editor: /* Bank of America Preferred Rewards Program */

2020-10-10T22:25:13Z

‎Bank of America Preferred Rewards Program

Editor: /* Getting Rid of the Card */

2020-10-01T19:46:49Z

‎Getting Rid of the Card

@@ Line 17: / Line 17: @@
 |Credit=
 |CreditValue=
-|CurrentOffer=$750 ($5,000 initial spend).
+|CurrentOffer=$500 ($5,000 initial spend).
-[//secure.bankofamerica.com/applynow/initialize-workflow.go?requesttype=BCC&campaignid=4051533&productoffercode=MP Offer Link].
+[//bankofamerica.com/sbcashrewards500 Offer Link].
 |CurrentSpend=
 |CurrentSpendCustom=

@@ Line 17: / Line 17: @@
 |Credit=
 |CreditValue=
-|CurrentOffer=
+|CurrentOffer=$750 ($5,000 initial spend).
 |CurrentSpend=
 |CurrentSpendCustom=

@@ Line 24: / Line 24: @@
 |NormalSpend=3000
 |NormalCustom=
-|NormalValue = 270
+|NormalValue = 250
 |NormalPer = .09
 |PointType=

← Older revision		Revision as of 06:39, 19 February 2021
Line 1:		Line 1:
		+	{{DISPLAYTITLE: Bank of America Business Cash Rewards}}
	{{Page\|card\|BOA cards}}		{{Page\|card\|BOA cards}}

@@ Line 45: / Line 45: @@
 *[[#Bank of America Preferred Rewards Program|Bank of America Preferred Rewards Program]]
 *[[#Collecting the Signup Bonus|Signup Bonus]]
-*[[#Other Notable Benefits|Other Notable Benefits]]
+*[[#Notable Benefits|Notable Benefits]]
 *[[#Getting Rid of the Card|Getting Rid of the Card]]
 {{/TOC}}
@@ Line 81: / Line 81: @@
 At the maximum Preferred Rewards level, the 3% rate turns into a 5.25% rate. You can even change your category every calendar month, so you could earn 3-5.25% on computer services during one month, and 3-5.25% on office supply stores during another month.
-=== Other Notable Benefits ===
+=== Notable Benefits ===
 <ul class="bulletlist">

← Older revision	Revision as of 00:12, 19 February 2021
(No difference)

@@ Line 63: / Line 63: @@
 <li>'''Most of Bank of America's restrictions don't apply to their business cards'''. For example, you can still be approved even if you've signed up for more than 3 cards in the last 12 months (7 for Bank of America customers). There are no explicit rules about having multiple copies of this card.</li>
 </ul>
 === Bonus categories ===

@@ Line 54: / Line 54: @@
 {{BOA Preferred Rewards}}
-Unfortunately, Bank of America doesn't count personal assets towards qualifying for Preferred Rewards status for business credit cards (or vice versa). If you want higher rewards from this card (and the business Travel Rewards Card), the assets will need to be associated with your business. However, depending on the type of business you have, you may be able to transfer personal assets to a business-titled account in order to qualify for business Preferred Rewards status.
+Unfortunately, Bank of America doesn't count personal assets towards qualifying for Preferred Rewards status for business credit cards (or vice versa). If you want higher rewards from this card (and the business Travel Rewards Card), the assets will need to be associated with your business. But depending on the type of business you have, you may be able to transfer personal assets to a business-titled account in order to qualify for status for your Bank of America business credit cards and accounts.
 === Collecting the Signup Bonus ===

@@ Line 51: / Line 51: @@
 === Bank of America Preferred Rewards Program ===
-If you have over $100,000 in assets, you'll be a Platinum Honors member, and get a 75% reward bonus. If you have between $50-100,000 in assets, you'll be a Platinum member, and get a 50% reward bonus. And, if you have at least $25,000 in assets, you'll be a Gold member, and get a 25% reward bonus.
+{{BOA Preferred Rewards}}
-This can make a big difference in how competitive a Bank of America rewards card is, compared to the competition. For example, this card earns 3% on the category of your choice, which is pretty good. But, if you have $100,000 in combined assets at BOA and Merrill, you'll get a 75% reward bonus, and the card will earn 5.25% instead. Similarly, the Travel Rewards cards earns 1.5% on everyday purchases, which is less attractive than a good no-annual-fee cash-back cards (which earn 2%). However, with the 75% bonus, it earns 2.625% instead, which is the best permanent cashback rate of any no-annual-fee card.
+Unfortunately, Bank of America doesn't count personal assets towards qualifying for Preferred Rewards status for business credit cards (or vice versa). If you want higher rewards from this card (and the business Travel Rewards Card), the assets will need to be associated with your business. However, depending on the type of business you have, you may be able to transfer personal assets to a business-titled account in order to qualify for business Preferred Rewards status.
 === Collecting the Signup Bonus ===

@@ Line 101: / Line 101: @@
 Make sure to cash out your rewards before cancelling your card.
-If you aren't currently using your Cash Rewards card, consider keeping it anyway. You aren't paying an annual fee and, sometime in the future, you may decide that you are willing to make the extra effort to maximize your rewards using its flexible bonus categories.
+If you aren't currently using your  Business Cash Rewards card, consider keeping it anyway. You aren't paying an annual fee and, sometime in the future, you may decide that you are willing to make the extra effort to maximize your rewards using its flexible bonus categories.
 {{/Main|card}}
 {{/Page|card}}