All three BofA business cards have increased their welcome bonuses to $500. You have to give BofA some credit for staying the course: in an era where all kinds of coupon-book-style statement credits are everywhere, they have consistently kept these cards with no annual fee, and their cash back and benefits have remained basically unchanged for more than a decade. It’s hard to tell whether they deserve praise or criticism. If you have a BofA business account and keep enough funds with them, these cards can still be quite valuable, with up to a 75% boost on everyday cash-back rewards.
For other flashier small business card welcome bonuses that require more strategy, see our rankings:
BofA Customized Cash Rewards Business Credit Card
Choose your own 3% cash back category, plus 2% cash back on dining. No annual fee.
- Welcome bonus: $500 cash back (spend $5,000 in 3 months)
- Rewards: Earn 3% cash back in one category of your choice: gas, office supply stores, travel, TV/telecom & wireless, computer services, or business consulting services; 2% on dining (the 3% and 2% categories apply to the first $50k in combined purchases); 1% on all other purchases.
- Redemption: Cash back can be redeemed directly; if you have a BOA premium account, you may qualify for additional rewards.
- Annual fee: $0
- Apply now>>
BofA Travel Rewards Business Credit Card
1.5x on all purchases; no annual fee!
- Welcome bonus: 50,000 points (spend $5,000 within 90 days)
- Rewards: 1.5x on all purchases
- Redemption: 100 points can be redeemed for $1 in travel purchases; if you have a BOA preferred account, you can earn additional rewards
- Annual fee: $0
- Apply now>>
BofA Unlimited Cash Rewards Business Credit Card
1.5% cash back on all purchases; no annual fee!
- Welcome bonus: $500 cash back (spend $5,000 within 90 days)
- Rewards: 1.5% on all purchases
- Redemption: Redeem directly for cash; up to 75% rewards bonus with a BOA business checking account
- Annual fee: $0
- Apply now>>