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Bank of America® Cash Rewards for Business MasterCard® credit card

Bank of America® Cash Rewards for Business MasterCard® credit card

 

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Your Rating:

3.8/5.0 from 16 Offer Ratings
Over the Past 60 Days!

(16) Over the Past 60 Days!

  • Regular Purchase APR 11.49% - 21.49% Variable APR
  • Intro Purchase APR 0% APR for the first 9 billing cycles
  • Intro BT APR N/A
  • Annual Fees $0
  • Credit Needed

    Excellent

Card Details

Highlights

  • 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)

Card Fees

Late Payment Fees Up to $49

Foreign Transaction Fee 3%

Balance Transfer Fee Either $10 or 4%, whichever is greater

Cash Advance Fee Either $10 or 4%, whichever is greater

Returned Payment Fee $39

Penalty APR None

Minimum Interest Charge $1.00

Ongoing Information

Rewards Cap Bonus rewards categories cap at $250,000 annually.

Rewards Rate 1% cash back on every purchase, 2% at restaurants and 3% on gas stations & office supply stores

Annual Fee $0

Grace Period 25 days

Additional Card Details

$0 Fraud Liability Yes

Auto Rental Insurance No

Extended Warranty Program No

Roadside Assistance No

Purchase Protection No

Travel Assistance No

Flight Accident Insurance No

Lost Luggage Reimbursement No

Concierge Service No

Expert Reviews

From the CompareCards.com Editorial Team

Business owners looking for a great cash back rewards card should definitely consider the Bank of America® Cash Rewards for Business 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 at least $500 in qualifying purchases.

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% cash back on all other purchases. The 3% back at gas station and office supply stores is limited to the first $250,000 in purchases annually, but the 1% and 2% categories offer unlimited rewards.

Another great feature of the Bank of America® Cash Rewards for Business 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. 

Expert Reviews of the Bank of America® Cash Rewards for Business MasterCard® credit card

  • 5.0

    Regular APR

  • 3.0

    Intro APR

  • 4.0

    Fees

  • 5.0

    Benefits

  • star rating 4.5/5

    Overall Rating

The Bottom Line

This is a great cash back rewards card for business owners. If your spending habits align with the 2% and 3% categories, it can be very rewarding. The 3% limit is high enough that it won’t affect most business owners and $0 annual fee sweetens the deal even more.

The Good

The 3% and 2% 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.

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 have not been reviewed, approved or otherwise endorsed by Bank of America.

Consumer Reviews

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Offer Rating

3.8/5.0

16 Total Ratings

5 Star
 
 
(3)
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(8)
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(4)
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(1)
1 Star
 
 
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Your Rating

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