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

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Our rating
Credit range: Excellent
Annual Fee: $0
Regular APR: 14.49%–24.49% Variable
Intro Purchase APR: 0% for 9 billing cycles

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

Our rating
Excellent Credit range
$0 Annual Fee
Apply Now

Highlights & Features

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

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 None
Regular Balance Transfer APR 14.49%–24.49% Variable
Balance Transfer Fee 4%, $10 minimum

Fees

Penalty APR None
Late Fee Up to $49
Returned Payment Fee Up to $39
Additional Cards Annual Fee None
Foreign Transaction Fee 3%

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: 26.49% Variable
  • Cash Advance Fee: 4%, $10 minimum
ABOUT THE ISSUER

Bank of America

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

Manage your Account & Pay your Bill

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Credit card issuer's website

Speak to Customer Service

1-800-892-3219 or

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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.

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.