The starting credit limit for the Business Advantage Unlimited Cash Rewards Secured Card is at least $1,000. Since this is a secured card, you will need to fund that amount into a security deposit.

If you want a higher credit limit, you can deposit more than $1,000 when you open your account. Once your account is opened, you can only be eligible for a credit limit increase if Bank of America graduates your card to an unsecured version.

The Business Advantage Unlimited Cash Rewards Secured Card is available to people with bad credit. That means people with credit scores below 640 have a shot at getting approved for the Business Advantage Unlimited Cash Rewards Secured Card.

Secured cards are easier to get than unsecured cards because they require a deposit to open the account, which Bank of America will use as collateral to secure the account. The amount of your deposit will be your credit limit, in most cases. That said, though approval is...

The minimum deposit required for the Business Advantage Unlimited Cash Rewards Secured Card is $1000, though you can choose to deposit more. Your credit limit will be equal to the security deposit, so if you choose to deposit $1000, that will be your credit line.

After your account is opened, you'll have the flexibility to add more funds to your security deposit over time to increase your credit limit. This option allows you to plan ahead and adjust your credit...

You can get your Business Advantage Unlimited Cash Rewards Secured Card deposit refunded when you close the account with no unpaid balance, or if your card graduates to unsecured. It can take up to two billing cycles for a deposit refund to be processed.

The only cases where you will not get your full deposit back from a Business Advantage Unlimited Cash Rewards Secured Card are if there is a balance remaining when you close the account or if you default on your payments. In those...

No, you cannot get the Business Advantage Unlimited Cash Rewards Secured Card without a business. However, having a “business” doesn't necessarily mean having an office and paying employees. Your business could be as simple as regularly selling things on eBay or Etsy, or being a freelance writer or artist.

If you're a sole proprietor, you don't even need the business to have its own tax ID number. You can use your Social Security number instead. When providing your business name...

It should take 7-10 business days to get the Business Advantage Unlimited Cash Rewards Secured Card after your approval. Unfortunately, expedited shipping is not available at the moment.

If it's been longer than 10 business days but you still haven't received your card, call customer service at (866) 283-4075 to check on it. They should be able to send you a replacement card if the original got lost on the way.

Yes, the Business Advantage Unlimited Cash Rewards Secured Card does a hard pull on your credit report when you apply for the card. A hard pull usually results in a slight decrease in an applicant's credit score, but the effect only lasts for a short period of time. The hard inquiry allows Bank of America to determine your credit risk and ultimately decide whether you'll be approved for an account.

Please note that both your personal and business credit reports will...

Your Business Advantage Unlimited Cash Rewards Secured Card's initial deposit will be automatically paid when submitting the application. That's because in order to complete the application, Bank of America will ask you for a checking/savings account number, as well as a routing number and the amount you'd like to pay for the deposit (min. $1000). After submitting the application, that amount will be withdrawn from your account. If your application is rejected, Bank of America will refund you the money.

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The maximum amount that you can deposit for your Business Advantage Unlimited Cash Rewards Secured Card is $50,000. You don't have to deposit all of it at once when you open the account, though. You can start low, and then add more money to the security deposit later on, if you want a higher credit limit. To do that, call customer service at (800) 732-9194. If your request is approved, the added funds should reflect on your credit limit in 1-3 business...