BofA Business Cash Rewards...

[Andy77]

Well, decided, since the business could not get approved for the business cash rewards card without the security of a cd, decided to open up a 5500.00 cd.

I am assuming that the card stil only reports to business equifax and other business reports (that is what it said in the letter I got, separate business & personal credit, that is one advantage of getting the card)

Has anyone opened a CD to get the card and if so...how was your experience ?

[Anonymous]

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@Andy77 wrote:

Well, decided, since the business could not get approved for the business cash rewards card without the security of a cd, decided to open up a 5500.00 cd.

I am assuming that the card stil only reports to business equifax and other business reports (that is what it said in the letter I got, separate business & personal credit, that is one advantage of getting the card)

Has anyone opened a CD to get the card and if so...how was your experience ?

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Thanks for posting.. I am a business owner and didn't know that with BOA.  I am curiuos to see how other respond.

[MyDataMyChoice]

I contemplated this last year with BOA....

I didnt go ahead b/c my money was tied up somewhere else...

but if I Open another business... i would definatly go that route ... and the capital one spark card and amex gold

[linux007969]

I have this card. I recently was approved for it with a limit of $3.5k...... I called a regular credit analyst backdoor number and was given the backdoor number for business apps and called them the following monday and was approved after a ton of questions about my business and personal financial assets. They also took my relationship with them into consideration.

Here's a link to my post: http://ficoforums.myfico.com/t5/Business-Credit/BofA-Cash-Rewards-Business-Mastercard/td-p/3433121