CHARLOTTE, N.C.—Bank of America is now offering new secured credit options targeting small businesses, including a credit card and credit line, as well as new digital resources.
The bank launched its Business Advantage Unlimited Cash Rewards Secured credit card, Business Advantage Secured Credit Line and the Start a Business Center, its latest products and resources for entrepreneurs looking to start a small business or build their business’ credit history, Go Banking Rates reported.
The new credit card has no annual fee, and some of its benefits include a client-determined credit line from $1,000 to $10,000; 1.5% cashback on all purchases, with no annual rewards earn cap and Preferred Rewards for Business eligibility. The products all come with no fee to join or participate.
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