BofA extends tiered credit card rewards to small businesses

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Bank of America is giving its small-business credit card customers some of the key features of the credit card rewards it offers consumers.

The Business Advantage Relationship Rewards program is based on the consumer rewards BofA launched in 2014, giving eligible businesses ways to earn more rewards as their bank deposit balances increase, according to a Monday press release.

Customers with a combined balance of $20,000 in BofA or Merrill Lynch accounts may enroll for free to earn rewards on all purchases, receiving up to a 75% rewards bonus when balances reach the higher tiers of $50,000 and $100,000 in combined bank account deposits, according to the release.

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