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

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Our rating
Min. credit level: Excellent
Annual Fee: $0.00
Regular APR: 13.74% - 23.74% Variable APR
Intro Purchase APR: 0% for 9 billing cycles

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

Our rating
Excellent Min. credit level
$0.00 Annual Fee
Apply Now Read our Review

Highlights & Features

Rewards

  • 3% cash back in one category of your choice each month:
    • Gas
    • Travel
    • Office supply stores
    • TV/telecom & wireless services
    • Computer services
    • Business consulting services
  • 2% cash back on Dining
  • 1% cash back on all other purchases
  • 3% and 2% rewards only up to $50,000 per year, then 1% back
  • Eligible Bank of America members can get a 25%–75% bonus on rewards

INTRODUCTORY BONUS

$300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening

Balance Transfers

A balance transfer is a way to move credit card debt from one credit card to another with the goal of saving money on interest.

Intro Balance Transfer APR N/A
Regular Balance Transfer APR 13.74% - 23.74% Variable APR
Balance Transfer Fee Either $10 or 4% of the amount of each transaction, whichever is greater.
How to Transfer a Balance on a Credit Card

Fees

Penalty APR N/A
Late Fee Up to $49
Returned Payment Fee $39
Additional Cards Annual Fee N/A
Foreign Transaction Fee 3% of the U.S. dollar amount of each transaction
Learn About Types of Credit Card Fees

Cash Advances

Borrowing cash on your credit card is a cash advance. Cash advances usually come with very high fees. Even worse, cash advances can signal to lenders that you’re being irresponsible with money.

Cash Advance APR 25.74% Variable APR for Cash Advances and Convenience Checks
Cash Advance Fee Either $10 or 4% of the amount of each transaction, whichever is greater. Includes Convenience Checks.
How to Get a Cash Advance with a Credit Card
Bank of America® Business Advantage Cash Rewards Mastercard® credit card

Highlights

  • 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.
ABOUT THE ISSUER

Bank of America Business

Bank of America Business has several card types depending on your needs.

Manage your Account & Pay your Bill

You can usually pay your bill online on your

Credit card issuer's website

Speak to Customer Service

1-800-892-3219 or

Try a different phone number
See all Issuer Cards

Due to the impact of COVID-19, for eligible card accounts approved from 1/1/20 through 5/31/20, the period to make eligible purchases to earn the welcome bonus will be extended for an additional 90 days.

The Business Advantage Cash Rewards Mastercard is a rewards business card that is great for earning cash back in a wide variety of categories. You’ll earn 3% cash back in one of the categories of your choice: business consulting services, gas stations, office supply stores, TV/telecom & wireless, computer services, or travel. You’ll get 2% cash back on dining, and 1% cash back on all other purchases.

It doesn’t have a lot of fancy features, and there are just a few extra benefits with this card, but if your business spends thousands of dollars in these reward categories it could be a good way to earn some cash back.

This card has a 0% intro APR for purchases for 9 billing cycles, and then a rate of 13.74% - 23.74% Variable APR. There is no annual fee.