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Bank of America Business Advantage Unlimited Cash Rewards Secure Credit Card Reviews – Forbes Advisor

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Bank of America® Business Advantage Unlimited Cash Benefits Secure Credit Cards* For Wells Fargo Business Secured Credit Card*

Wells Fargo Business Secured has no annual fees and also offers convenient features such as automatic payments, online account management, fraud monitoring, overdraft protection and $0 fraud liability, but with a reward structure from Bank of America Business Advantage Unlimited. is also a bit complicated. Cash Rewards Secured Card.

With a similar 1.5% cash back option, the Wells Fargo Business Secured Card will earn 1.5% cash back for every dollar spent on qualifying purchases or earn 1 point for every dollar spent on qualifying purchases and earn monthly Earn 1,000 bonus points when your company spends $1,000 or more during the billing period. .

A limited group of companies may benefit from improved rewards in points rather than cashback, so the Wells Fargo Business Secured Card is slightly ahead of the Bank of America card when it comes to rewards. Consider which card’s perks match your needs. Wells Fargo Business Secured offers secure (deposit backed) lines of credit from $500 to $25,000.

Bank of America® Business Advantage Unlimited Cash Benefits Secure Credit Cards* Via 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 Bank of America Business Advantage Unlimited Cash Rewards Secured Card and requires better business credit or stronger credit from the business owner to be approved. Personal credit may be required.

This card is similar in terms of additional perks and offers the same rewards structure, but some key features stand out over the unsecured card. Nine billing cycles for purchases An introductory APR of 0% is applied to purchases and then a variable APR of 14.49% – 24.49% for purchases and balance transfers. A balance transfer fee of $10 or 4% of each transaction amount, whichever is greater, will apply. We also offer a welcome bonus of $300 statement credit online bonus when you make a net purchase of $3,000 or more in the first 90 days of account opening. If you qualify for Bank of America’s Preferred Rewards for Business program, you may be able to earn higher cash back percentages with this card.

For businesses deciding between secure and non-secure cards, these two cards provide excellent examples of the additional incentives available with non-secure cards beyond the lack of a required deposit.

Bank of America® Business Advantage Unlimited Cash Benefits Secure Credit Cards* Against the Brex 30 card

The Brex 30 card does not require a personal guarantee, but offers a dynamic credit limit designed to fluctuate with the company’s cash flow. It’s a very different beast than the Bank of America Business Advantage Unlimited Cash Rewards Secured, but for businesses that want to avoid personal credit checks but have sufficient funds, the Brex card can be a strong alternative to a secure card. There is a nature.

Brex is also a charge card, so you’ll have to pay your balance monthly or daily depending on which card version you have, but you won’t be charged interest. The card charges no annual fees or foreign transaction fees, and instead of Brex’s own reward system (a complex but potentially lucrative reward program), it offers a reward of 1 Brex point per dollar spent.