Bank of America® Business Advantage Cash Rewards Mastercard® Credit Card


For People with
Excellent Credit

REVIEWS

Reviews

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.

If you can manage to spend $3,000 within 90 days of opening your card account, you’ll be able to secure a $300 statement credit signup bonus.

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 14.49%–24.49% Variable. There is no annual fee.

Card Quick Facts

Card Quick Facts

  • 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.

For People with
Excellent Credit

REVIEWS

Reviews

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Card Details

Rewards

Rewards

  • 3% cash back in one category of your choice:
    • 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 for spending $3,000 in the first 90 days
Card Stats

Card Stats

Annual Fee $0
Additional Cards Annual Fee -
Regular Purchase APR 14.49%–24.49% Variable
Intro Purchase APR 0% for 9 billing cycles
Foreign Transaction Fee 3%
Chip Technology Chip-and-Signature & Chip-and-PIN
Minimum Credit Limit -
Maximum Credit Limit -
Free Credit Score Yes
Penalty APR None
Late Fee Up to $49
Returned Payment Fee Up to $39
Balance Transfers

Balance Transfers

Intro Balance Transfer APR -
Regular Balance Transfer APR 14.49%–24.49% Variable
Balance Transfer Fee 4%, $10 minimum
Cash Advances

Cash Advances

Cash Advance APR 26.49% Variable
Cash Advance Fee 4%, $10 minimum

Card Benefits

Check your card’s Guide to Benefits to learn the specific benefits your card offers and how to access them.

  • Cash Flow Management Tools

    A variety of services to help track and manage your expenses. Includes QuickBooks compatibility.

  • Account Alerts

    Get alerts about account information on your phone.

  • Mobile Banking

    Pay your credit card bill online, transfer funds, check available credit and more.

  • Text Banking

    Send a text and get important account information.

  • Zero Liability Protection

    You will not be held responsible for unauthorized use of your card.

  • Overdraft Protection

    Link a Bank of America account to your card to prevent declined purchases and returned checks if you take out too much money from your account.

  • ShopSafe®

    Protection when you are shopping online.

  • Extended Warranty

    Doubles the original manufacturer’s warranty for eligible items, up to one additional year.

  • Travel Accident Insurance

    Provides coverage up to $100,000 in the case of accidental death or dismemberment, when traveling by common carrier.

  • Auto Rental Insurance

    Provides coverage for rented vehicles against accidental damage and theft, as long as the rental company’s insurance is declined.

  • Lost Luggage Assistance

    Get help finding eligible lost luggage when traveling by common carrier.

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