Bank of America Business Cards Now Offer $500 Welcome Bonus
Bank of America boosted its business credit card bonus from $300 to $500, but raised the spending requirement to $5,000. See eligible cards, what changed, and who should apply.
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Bank of America has increased the welcome bonus on its popular business credit cards to $500, up from the long-standing $300 offer.
However, the higher bonus now comes with a higher spending requirement, making this update a mix of more value and a higher threshold to earn it.
What Changed
For years, these cards typically offered a $300 welcome bonus after meeting a lower spending requirement of $3,000 within the first 3 months. The new offer increases the bonus to $500 but also raises the required spending to $5,000 within the first 3 months.
While the spending requirement is higher, the increased bonus still provides more overall value for businesses that can meet the threshold.
If you’re unsure about reaching $5,000 in 3 months, the previous offer may have been easier to earn despite the lower bonus.
Eligible Cards
The increased bonus applies to the following cards:
- Business Advantage Customized Cash Rewards
- Business Advantage Unlimited Cash Rewards
- Business Advantage Travel Rewards
Each card is designed for a slightly different type of business spending, but all now benefit from this elevated welcome offer.
Who Should Consider Applying
This elevated offer may be a great fit if you are:
- A small business owner with consistent operating expenses
- A freelancer or side hustler who can reach $5,000 in 3 months
- Planning larger purchases or investments in the near term
- Looking for no-annual-fee business cards with solid rewards
If your spending is lower or less predictable, you may want to consider whether the higher threshold fits your situation.
Bottom Line
The new $500 welcome bonus makes Bank of America’s business credit cards more valuable than before – but only if you can meet the higher $5,000 spending requirement.
For businesses with sufficient expenses, this offer is a strong opportunity to maximize upfront rewards without paying an annual fee.