BoA Business Unlimited Cash Payoff Calculator 2026

Card data, May 13, 2026

• Issuer: Bank of America
• Network: Visa or Mastercard (assigned at approval)
• Purchase APR: 18.50-28.50% variable
• Annual fee: $0
• Rewards:
  • 1.5% cashback on every purchase, no category caps, no rotating bonus
  • Cashback redeems as statement credit, deposit to BoA checking or savings, or check
  • No expiration on cashback
• Preferred Rewards for Business boost: 25%, 50%, or 75% based on tier (Gold, Platinum, Platinum Honors), lifting the 1.5% to 1.875%, 2.25%, or 2.625% effective
• Balance transfer intro APR: 0% for 9 billing cycles, then standard variable APR
• Balance transfer fee: 4% of each transfer
• Late fee: up to $49
• Foreign transaction fee: 3%
• Penalty APR: up to 29.99%
• Minimum payment formula: 1% of balance plus interest and fees, $25 floor (per BoA Schumer box)
• Typical FICO floor for principal: 700; business credit reporting to Dun and Bradstreet, Experian Business, and Equifax Business
• Personal liability: personal guarantee required for the business principal per BoA Business Advantage application terms

Source: BoA Business Advantage Unlimited Cash Rewards terms, verified 2026-05-13.

TL;DR

The Unlimited Cash Rewards is the simpler companion to the Customized Cash Rewards (category-pick). For businesses without a single dominant spend category, the flat 1.5% (or 2.625% with Preferred Rewards for Business) beats trying to optimize category picks. No annual fee, predictable rewards, no caps. The 9-cycle 0% intro APR is the same as the category card.

Math worked example with tax deductibility

$7,500 business balance at 23.50% APR (midpoint of range), $300 per month payment:

• Before tax: 30 months to payoff, $1,889 interest, total cost $9,389
• After-tax at 21% federal corporate rate (C-corp): effective interest cost $1,492
• After-tax at 24% federal marginal rate (sole prop or single-member LLC at middle bracket): effective interest cost $1,435
• After-tax at 37% top marginal rate: effective interest cost $1,190

Per the SBA financing guidance, business credit card interest paid in the regular course of business is deductible as an ordinary expense. The deduction reduces taxable business income, with the actual cash benefit depending on net income, entity structure, and applicable marginal rate.

Run your specific Business Unlimited Cash numbers

The pillar tool accepts the Business Unlimited Cash Rewards APR. Enter your specific rate from your most recent Bank of America business statement (under “Purchase APR”). Output: months to payoff, total interest, and total cost. The card has no annual fee, so total carrying cost is interest plus principal only.

Flat 1.5% vs category 3%: which BoA business card wins

The two BoA business cashback cards run identical APRs, identical 0% intro periods, and identical fee structures. The choice is purely about category alignment:

• Unlimited Cash Rewards (flat 1.5%, up to 2.625% with Platinum Honors): wins for diversified spend across categories with no dominant category
• Customized Cash Rewards (3% on chosen category, up to 5.25% with Platinum Honors): wins if your business has $30,000-plus in a single category annually (the $50,000 annual cap on combined 3%/2% earnings is the constraint)

For most service businesses with spread-out spending, the flat 1.5% pays out more in practice because the categories on the Customized card miss most actual business spend (subscriptions, payroll services, contractor payments).

Avalanche priority for business debt

The Unlimited Cash Rewards APR (18.50-28.50%) overlaps with most business and consumer cards. Pull your specific rate from your business statement; if it is at 24% or higher, this card is at the top of your avalanche method priority list, with the caveat that the tax-deductibility of interest slightly favors retaining business debt over personal debt at equal pre-tax APRs.

Worked example: a 24% pre-tax business card APR at 24% marginal rate is 18.24% after-tax effective; a 22% consumer card APR is 22% after-tax. The business card is cheaper after-tax. Pay the consumer card first.

Preferred Rewards for Business: the math is real

At Platinum Honors ($100,000-plus in combined BoA business deposits and Merrill investments), the 1.5% becomes 2.625%. For a business spending $200,000 a year on the card:

• Without tier: $3,000 cashback at 1.5%
• With Platinum Honors: $5,250 cashback at 2.625%
• Annual uplift: $2,250

The trade-off: $100,000 sitting in BoA business deposits and Merrill instead of higher-yield alternatives. At current 5% money market yields, $100,000 deployed elsewhere earns $5,000 a year. The Preferred Rewards tier is not free; it is a yield trade. Math the alternatives.

Balance transfer: 9-cycle intro is on the short end

The 9-cycle 0% intro APR on balance transfers (4% transfer fee) is shorter than competitor business cards. Amex Blue Business Cash typically runs 12-15 cycles. For a $7,500 transfer to this card:

• 4% transfer fee: $300 upfront
• Pay-to-zero in 9 cycles: $867 per month
• Total cost in 9 cycles: $7,800

If you cannot clear the balance in 9 cycles, the residual hits the 18.50-28.50% standard APR. Use this card for transfers only if you can mathematically clear in 9 cycles.

Should you keep this card during business growth phases?

The SBA’s small business financing guidance recommends business credit cards primarily for working-capital smoothing (30-60 day float between accounts-receivable and accounts-payable), not for long-term financing. For sustained working-capital needs above $25,000, the SBA recommends an SBA Express line of credit or 7(a) loan, which carry single-digit APRs that beat any business card even after deductibility.

Personal guarantee implications

Like all major issuer business cards, the Unlimited Cash Rewards requires a personal guarantee from the business principal. This means default on the business card can lead to personal asset exposure: collection actions against the principal, judgment lien attaching to personal real estate, and reporting to personal credit bureaus once the account passes 90-plus days delinquent. The CFPB has published guidance on personal-guarantee implications of business cards in its consumer protection materials. Understand the personal exposure before treating “business credit” as separate from personal liability.

Sibling BoA business card

• BoA Business Advantage Customized Cash Rewards payoff calculator

Other flat-rate business cards

• Capital One Spark Cash Select payoff calculator
• Amex Blue Business Cash payoff calculator

Related

• Credit card payoff calculator (home) , pillar tool
• Credit card payoff by card type , full hub
• Balance transfer calculator

Frequently asked questions

What is the APR on BoA Business Advantage Unlimited Cash Rewards?

The variable Purchase APR is 18.50-28.50% as of May 13, 2026 per the Bank of America small business pricing page. Your specific rate was set at application based on the principal’s credit profile and the prime rate published by the Federal Reserve H.15 release. The card offers a 9-billing-cycle 0% intro APR on purchases and balance transfers. Check your business statement under “Purchase APR” for your specific rate.

Is business credit card interest deductible on my taxes?

Yes, interest on business credit cards used for ordinary and necessary business expenses is deductible as a business expense under IRC 162. Sole proprietors deduct on Schedule C; partnerships, S-corps, and C-corps report the deduction on their respective business returns. The deduction reduces taxable business income. Per IRS Publication 535, only the interest portion attributable to business use is deductible; keep personal and business spend cleanly separated.

Does the BoA Business Unlimited Cash Rewards affect my personal credit?

The application requires a hard pull on the principal’s personal credit. Once approved, the card reports to commercial credit bureaus (Dun and Bradstreet, Experian Business, Equifax Business) and typically does not report monthly balance to personal credit bureaus unless the account is 90-plus days delinquent. Personal guarantee means the principal is liable for the balance if the business defaults, with personal credit consequences on default.

What is the difference between Unlimited Cash Rewards and Customized Cash Rewards?

Both are BoA Business Advantage cards with identical APRs, identical 0% intro periods, and identical fee structures. The difference is rewards structure: Unlimited Cash Rewards earns flat 1.5% on every purchase with no caps; Customized Cash Rewards earns 3% on one chosen category from a fixed list (capped at $50,000 annual combined). The Unlimited wins for diversified business spend; the Customized wins if your business concentrates spend in one of the listed categories.

Can I get this card if my business is new?

Yes, BoA approves new businesses (including LLCs less than a year old and sole proprietorships) on the strength of the principal’s personal credit. Typical approval requires 700-plus FICO on the principal, a verifiable business (EIN or SSN for sole prop, business name, estimated annual revenue), and no recent bankruptcies. Established businesses with existing business credit (Dun and Bradstreet PAYDEX score 80-plus) can sometimes be approved on business credit alone.