Bank of America Business Unlimited Cash Rewards Approval 16K

[qchaul]

Tonight I took the plunge and applied for the Bank of America Business Unlimited Cash Rewards card after seeing the offer on my Account Dashboard. I have an LLC formed in 6/2024. Several personal account and a business checking account. I've been with BOA for 20 years. I submitted my application online and received instant approval for 16K. This is my first card with Bank of America. I've never had a personal credit card with them. I can see the new card on my online profile but it's weird, I have two accounts listed. One for the 16K credit line and one for 160.00 credit line? One says CORP Account- Business Adv Unlimited Cash Rewards (the one showing 16K limit) and the other one says Business Advantage Cash Rewards (the one showing 160.00 limit). They both have different last four digits of the account number. Does anyone know what that's about?

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[jdsinm]

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@qchaul wrote:

... I can see the new card on my online profile but it's weird, I have two accounts listed. One for the 16K credit line and one for 160.00 credit line? One says CORP Account- Business Adv Unlimited Cash Rewards (the one showing 16K limit) and the other one says Business Advantage Cash Rewards (the one showing 160.00 limit). They both have different last four digits of the account number. Does anyone know what that's about?

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Congrats. Thats just how bofa does the interface with the online system for business credit cards.   The "corp" account is essentially  a master online account with its own account number. You then  get the single credit card for that corp/master account with its own account number and online subsection/account. That account number is also the credit card number. If you had more then one credit card for the corp/master account for "employees", each card would have its own online subsection/account.

Be sure when you make a payment, you pay to the master account, not the credit card sub account, as thats what bofa wants. It will still credit if you pay the card sub account but it can cause late payment issues/credits/etc.

[NYC_Fella]

@jdsinm wrote:

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Congrats. Thats just how bofa does the interface with the online system for business credit cards.   The "corp" account is essentially  a master online account with its own account number. You then  get the single credit card for that corp/master account with its own account number and online subsection/account. That account number is also the credit card number. If you had more then one credit card for the corp/master account for "employees", each card would have its own online subsection/account.

That doesn't explain the weird discrepancy in credit limits, though.

I was just approved for the same card and both the master account and the individual card account show the same limit.

[Dcowboy08]

You can set the spending limits for each card through the website. Since you have no other employee cards, just set yours for the max. Adding other employee cards, you can adjust theirs as needed. 

[cashorcharge]

Nicely done!! Congratulations on your Approval!!👏🏼🍾🥂