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