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Bank of America® Business Advantage Cash Rewards Mastercard® credit card
Bank of America<sup>®</sup> Business Advantage Cash Rewards Mastercard<sup>®</sup> credit card
Bank of America® Business Advantage Cash Rewards Mastercard® credit card

Bank of America® Business Advantage Cash Rewards Mastercard® credit card

 

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Your Rating:

3.7/5.0 from 171 Offer Ratings
Over the Past 60 Days!

(171) Over the Past 60 Days!

 

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Thanks for rating!

Your Rating:

3.7/5.0 from 171 Offer Ratings
Over the Past 60 Days!

(171) Over the Past 60 Days!

Great For

Pump up rewards: significant yearly gas and office supply cash back

Card Details

Regular Purchase APR

12.24% - 22.24% Variable APR

Intro Purchase APR

0% for 9 billing cycles

Intro BT APR

N/A

Annual Fee

$0

Credit Needed

Excellent

Card Brand

Mastercard®

Highlights

Earn a $200 statement credit

Get 3% cash back at gas stations and office supply stores

Pay No Annual Fee

  • Click "APPLY NOW" to apply online
  • Earn a $200 statement credit after $500 in purchases within 60 days of account opening – with no annual fee and no limit to the base cash back you can earn
  • 3% cash back on purchases at gas stations and office supply stores, 2% on purchases at restaurants, and 1% on all other purchases (Annual cap of $250,000 on combined gas station and office supply store purchases; then 1% earn rate after that)
  • Redeem your cash rewards for cash back, or apply them to a Bank of America® savings or checking account
Card Fees
  • Balance Transfer Fee

    Either $10 or 4%, whichever is greater

  • Penalty APR

    None

  • Foreign Transaction Fee

    3%

  • Cash Advance Fee

    Either $10 or 4% of the amount of each transaction, whichever is greater. Includes Convenience Checks.

Ongoing Information
  • Rewards Rate

    3% cash back on purchases at gas stations and office supply stores, 2% on purchases at restaurants, and 1% on all other purchases (Annual cap of $250,000 on combined gas station and office supply store purchases; then 1% earn rate after that)

  • Annual Fee

    $0

Expert Reviews

  • 5.0 Regular APR
  • 3.0 Intro APR
  • 4.0 Fees
  • 5.0 Benefits
  • 4.5/5 Overall Rating
From the CompareCards.com Editorial Team

Business owners looking for a great cash back rewards card should definitely consider the Bank of America® Business Advantage Cash Rewards Mastercard® credit card. This can be an extremely rewarding card because it has cash back bonus categories built in with the things that business owners frequently spend money on. And to kick off your cash back earning, new cardholders can receive a $200 statement credit after $500 in purchases within 60 days of account opening.

For ongoing rewards, you’ll earn 3% cash back on purchases at gas stations and office supply stores, 2% on purchases at restaurants, and 1% on all other purchases (Annual cap of $250,000 on combined gas station and office supply store purchases; then 1% earn rate after that). Even after the limit for bonus cash back, you continue to earn 1% cash back on every purchase, meaning that your rewards contnue to increase.

Another great feature of the Bank of America® Business Advantage Cash Rewards Mastercard® credit card is that there is no annual fee. The means you can rack up the cash back rewards on your business expenses without even paying a fee for cardmembership. 

The Good
  • The bonus cash back categories can allow cardholders to rack up big amounts of cash back on their business expenses. A great rewards rate with no annual fee makes this card a winner for any business owner.
The Not so Good
  • There is a 3% fee for international transactions, so we don’t recommend using this card overseas.
The Bottom Line

The Bank of America® Business Advantage Cash Rewards Mastercard® credit card is a great cash back rewards card for business owners. If your spending habits align with the bonus cash back categories, it can be very rewarding. The bonus rewards limit is high enough that it won’t affect most business owners and the $0 annual fee sweetens the deal even more.

Editorial Note: This content is not provided by Bank of America. Any opinions, analyses, reviews, or recommendations expressed on this page are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by Bank of America.

Consumer Reviews
(171 Reviews)

Offer Rating

3.7 out of 5.0

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Your Rating

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