Compare the Features and Benefits of The American Express Blue Business Cash™ Card and
Bank of America® Unlimited Cash Rewards Credit Card

The American Express Blue Business Cash business credit card is a great card for those who are both not interested in points (prefer cash back) and do not want to keep track of bonus categories.

With a simple 2% cash back on all eligible purchases until you reach $50,000 in spend in a calendar year, it’s a perfectly suitable cash back card for those that spend under $50,000 in a calendar year for their business. Though the rate will drop to 1% on eligible purchases after you spend $50,000 in a calendar year, there is no limit to the amount of cash back that you can earn.

If you prefer American Express Membership Rewards points instead of cash, there is a nearly identical version of this credit card, called the American Express Blue Business Plus™ Card, which earns Membership Rewards points instead of cash at the same rate.

Keep in mind that this no-annual fee card does charge a 2.7% foreign transaction fee, so please make sure you have a separate credit card with no foreign transaction fees for your trips abroad.

If you spend more than $50,000 a year, however, and want straight cash back and expanded buying power, you should consider these two alternative business credit cards:

• The Chase Ink Business Premier, which is a charge card with no preset limit and earns 2% cash back on everything and even earns 2.5% cash back on purchases over $5,000.
• The Capital One Spark Cash Plus, which is a charge card with no preset limit that earns 2% on all purchases.

If you would like to have separate Blue Business Cash cards for your employees, you can do so with no fee.

Rates and Fees for the The American Express Blue Business Cash™ Card

With over 3,800 branches, Bank of America is a retail banking giant. It offers its Unlimited Cash Rewards Credit Card to customers who are looking to earn strong rates of cash back on all purchases, but don’t want to pay an annual fee.

Earn unlimited 1.5% cash back on all purchases

This card offers 1.5% cash back per dollar spent on all purchases, with no limits. This is very competitive for a card with no annual fee. This high rate of return comes at the expense of bonus categories, as this card doesn’t have any, like other cards do for things like travel and dining purchases.

Cash back rewards can be deposited into a Bank of America savings account, redeemed as a statement credit, or applied to an eligible Merrill account.

And unlike a Bank of America Travel Rewards card, you don’t get any statement credits towards baggage fees, or the purchase of vacation packages, just cash rewards.

However, Bank of America Preferred Rewards members can earn a 25%, 50% or 75% bonus on their rewards, depending on which tier they are in. And these are simple cash rewards, so you don’t have to redeem points to be rewarded.

Many cardholders will find this simple formula better than earning bonuses on some purchases, but a mere 1% on other purchases.

And your cash back rewards never expire so long as your account remains open and in good standing.

But what makes this card exceptional is the ability for Bank of America Preferred Rewards customers to earn as much as 2.625% cash back. That’s what you’ll get if you’re in one of the higher tiers of their program and earn a 75% bonus on your rewards earned. Others will earn a 25% or 50% bonus, which is still enough to take this card from competitive to remarkable.

Otherwise, this simple card is also one that’s light on benefits. There’s very little to no travel insurance or purchase protection policies, but you do get a free credit score, which most cards offer these days. One notable benefit is Bank of America’s Museums on Us program, which offers free access to hundreds of museums on the first full weekend of the month. This unique benefit can offer significant value to families, parents and other museum lovers.

There’s no annual fee for this card, but there is a 3% foreign transaction fee imposed on purchases processed outside of the United States. That leaves this card as a solid choice for those looking for a competitive, but basic cash back card rather than a travel rewards credit card.

However, if you also happen to be a Bank of America Premier Rewards member, then using this could be the most rewarding card that you could ever use.