Maria Adams, Credit Cards Moderator
@m_adams
Yes, Bank of America does have a secured business card, the Business Advantage Unlimited Cash Rewards Secured credit card. This card gives you 1.5% cash back on purchases and has a $0 annual fee.
The Business Advantage Unlimited Cash Rewards Secured Card requires a security deposit of at least $1000. You can get approved for this card even with bad credit.
Alternatives to a Bank of America Secured Business Credit Card
It's worth noting that you have more options if you’re willing to consider general-purpose secured credit cards. For example, you could use the BankAmericard® Secured Credit Card for business expenses.
Ultimately, if you're not loyal to Bank of America, you can check out our editors’ latest picks for the best secured business cards on the market to weigh your options.
2023's Best Bank of America Credit Cards
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Selena Vinson-Jackson, Member
@vj_tlc_investor
Bank of America does offers a secured business credit card. You would have to go the bank and talk with a representative to explain the details and the required deposit.
People also ask
How can I apply for the Bank of America Secured credit card as a business?
You cannot apply for the Bank of America Secured credit card as a business. You can, however use this card for business expenses.
The Credit Card Act of 2009 clearly differentiates general consumers from businesses. While many issuers will extend some consumer protections to small businesses as a courtesy, that doesn't mean you can apply for a consumer credit card as a business.
Here are a few suggestions for secured business credit cards:
... read full answerWhat banks offer secured business credit cards?
First National Bank of Omaha and Bank of America are among the banks that offer secured business credit cards. However, it is worth noting that secured business credit cards are pretty rare. Banks are far more likely to offer general-consumer secured cards or unsecured business credit cards.
Banks That Offer Secured Business Credit Cards
- First National Bank of Omaha: First National Bank of Omaha Business Edition® Secured Mastercard® Credit CardFirst National Bank of Omaha Business Edition® Secured Mastercard® Credit CardLearn MoreLearn More
- Bank of America: Business Advantage Unlimited Cash Rewards Secured credit cardBusiness Advantage Unlimited Cash Rewards Secured credit cardLearn MoreLearn More
Even though there are so few banks that offer secured business credit cards to small business owners with bad credit, that doesn’t mean those...
read full answerWhat's the easiest Bank of America credit card to get?
The easiest Bank of America credit card to get is the Bank of America® Customized Cash Rewards Secured Credit Card because applicants can get approved with bad credit. This means the odds of approval are good even with a credit score below 640. On the other hand, the majority of Bank of America credit cards require excellent credit in order to qualify.
Easiest Bank of America Credit Cards to Get
- Bank of America® Customized Cash Rewards Secured Credit Card: requires bad credit or better
- BankAmericard® Secured Credit Card: requires bad...
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