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3.8/5.0 from 19 Offer Ratings
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Bank of America® Business Advantage Cash Rewards Mastercard® credit card
Bank of America® Business Advantage Cash Rewards Mastercard® credit card
Bank of America® Business Advantage Cash Rewards Mastercard® credit card
Great For
Pump up rewards: 3% cash back on your choice of one of six category options
Card Details
Regular Purchase APR
14.49% - 24.49% 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 $300 statement credit
Get 3% cash back on your choice of one of six categories
Pay No Annual Fee
- Click "APPLY NOW" to apply online
- Get a $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening – with no annual fee and cash rewards don't expire.
- Earn 3% cash back in the category of your choice, 2% cash back on dining and unlimited 1% cash back on all other purchases.
- You'll get 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
- 0% Introductory APR on purchases for your first 9 billing cycles.
- Redeem your cash rewards as a statement credit, check, or have cash deposited into a Bank of America® checking or savings account.
- Get 75% more cash back on every purchase when you’re a Preferred Rewards for Business Platinum Honors tier member. That means you will earn 5.25% on your selected choice category, 3.5% on dining and unlimited 1.75% cash back on all other purchases.
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 your choice of one of the following six categories: gas stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services, 2% cash back on dining (for the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter) and 1% cash back on all other purchases.
-
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 $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening
For ongoing rewards, you’ll earn 3% cash back on your choice of one of the following six categories: gas stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services, 2% cash back on dining (for the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter) and 1% cash back on all other purchases. 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
(19 Reviews)
Offer Rating
3.8 out of 5.0
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36 Found this review helpful
By: Fred Farokian | Feb 28, 2018
Hi, I open a credit card two months ago and they didn't reported to my personal credit report. I'm very happy whit that. They are the best!
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