Business Advantage Cash Rewards credit card review

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Advertiser Disclosure

Interest Rate: Purchases
14.49% ‐ 24.49% (0% for the first 9 months)
Balance Transfer
14.49% ‐ 24.49%
Rewards
1 - 2% cashback
Signup Bonus
$300 after spending $3,000


8.2/10
Informr score
The Business Advantage Cash Rewards credit card currently has an Informr score of 8.2 out of 10. This score is based on our evaluation of 11 sources including reviews from users and the web's most trusted critics.

Am I eligible?


Business Advantage Cash Rewards credit card is typically available to those with excellent credit scores (650 or greater).
To get this card, you must also:
Yes Be a permanent or temporary resident of USA

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...


Compare Cards

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 o...

- Compare Cards
CreditCards.com

A good pick for business cardholders who are often on the road, the Business Advantage Cash Rewards Mastercard offers a generous cash back bonus on a category of your choice, as well as restaurant purchases.

- Kelly Dilworth, CreditCards.com
Money Crashers

A pretty straightforward cash back credit card that rewards everyday spending: gas station, office supply store, and restaurant purchases especially. However, with relatively few frills, this card isn’t appropriate for business owners who like to travel or party in style.

- Brian Martucci, Money Crashers
LendEDU

If your small business has banking relationships with Bank of America and you can qualify for bonus rewards and other perks with Relationship Rewards, the Business Advantage Cash Rewards card is a great choice. If you don’t bank with Bank of America and aren’t spending most of your money on gas or o...

- Christy Rakoczy, LendEDU
ValuePenguin

This cash-back card is best for businesses that spend a lot at gas stations and office supply stores. That said, the card can also be highly lucrative for any business simply looking for a cash-back card.

- Joe Resendiz, ValuePenguin

Details


Interest Rates
Regular APR Interest Rate 14.49% ‐ 24.49% (0% for the first 9 months)

This APR will vary with the market based on the Prime Rate.

Balance Transfer Interest Rate 14.49% ‐ 24.49%

This APR will vary with the market based on the Prime Rate.

Cash Advance Interest Rate 26.49%

This APR will vary with the market based on the Prime Rate.

Rates & Fees
Annual Fee $0.00
Balance Transfer Fee 4%

Minimum of $10

Cash Advance Fee 4%

Minimum of $10

Foreign Transaction Fee 3%

Of each transaction in U.S. dollars.

Over Limit Fee $0.00
Late Payment Fee $49.00

Maximum

Promotions
Sign up bonus $300 after spending $3,000

On purchases within the first 90 days.

Rewards
All Purchases 1% cash back
Restaurants 2% cash back
Gas No
Groceries No
Hotels No
Travel No
Pharmacy No
Bills No
Additional Details

Choose one for  your 3% category

- Gas stations

- Office supply stores

- Travel

- TV/telecom & wireless

- Computer services

- Business consulting services


- You'll get 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter

- Get a 75% rewards bonus on every purchase when you're a Business Advantage Relationship Reward Platinum Honors tier client. 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.

Features & Benefits
Additional Card Holders Yes
Travel Accident Insurance Yes
Car Rental Insurance No
Car Rental Discount No
Extended Warranty No
Purchase Protection No
Zero Liability Yes
No Foreign Transaction Fees No
Emergency Assistance No
Concierge Service No
Price Protection No
Fraud Protection Yes
Free Credit Scores No
Wireless Payments No
Additional Benefits

- Cash Flow Management Tools

- Lost Luggage Reimbursement

- Trip Cancellation Coverage

- Trip Delay Reimbursement

- Overdraft Protection

Eligibility
Minimum Security Deposit $0
Minimum Age 18
Minimum Personal Income
Temporary Residents No
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Additional comments
Terms & Conditions Official Terms & Conditions
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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

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Critic Reviews


Compare Cards

Pump up rewards: 3% cash back on your choice of one of six category options

Compare Cards

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 bus...More

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.

Read full review

Less

CreditCards.com

Business-friendly rewards

from CreditCards.com

A good pick for business cardholders who are often on the road, the Business Advantage Cash Rewards Mastercard offers a generous cash back bonus on a category of your choice, as well as restaurant purchases.

Read full review

A good pick for business cardholders who are often on the road, the Business Advantage Cash Rewards Mastercard offers a generous cash back bonus on a category of your choice, as well as restaurant purchases.

Read full review

Less

Money Crashers

Solid returns on everyday spending

from Money Crashers

A pretty straightforward cash back credit card that rewards everyday spending: gas station, office supply store, and restaurant purchases especially. However, with relatively few frills, this card isn’t appropriate for business owners who like to travel or party in style.

Read full review

A pretty straightforward cash back credit card that rewards everyday spending: gas station, office supply store, and restaurant purchases especially. However, with relatively few frills, this card isn’t appropriate for business owners who like to travel or party in style.

Read full review

Less

LendEDU

A good choice for the right kinds of spending

from LendEDU

If your small business has banking relationships with Bank of America and you can qualify for bonus rewards and other perks with Relationship Rewards, the Business Advantage Cash Rewards card is a great choice. If you don’t bank with Bank of America and aren’t spending most of your money on g...More

If your small business has banking relationships with Bank of America and you can qualify for bonus rewards and other perks with Relationship Rewards, the Business Advantage Cash Rewards card is a great choice. If you don’t bank with Bank of America and aren’t spending most of your money on gas or office supplies, look elsewhere for a card that provides better than 1% rewards for the purchases you most often make.

Read full review

Less

ValuePenguin

One of the better business cash-back cards available

from ValuePenguin

This cash-back card is best for businesses that spend a lot at gas stations and office supply stores. That said, the card can also be highly lucrative for any business simply looking for a cash-back card.

Read full review

This cash-back card is best for businesses that spend a lot at gas stations and office supply stores. That said, the card can also be highly lucrative for any business simply looking for a cash-back card.

Read full review

Less

NextAdvisor

Good cash back card

The Bank of America® Business Advantage Cash Rewards Mastercard® credit card combines solid cash back rewards with a 0% introductory APR on purchases for 9 billing cycles. Card users will earn 3% cash back on purchases at gas stations and office supply stores, 2% on purchases at restaurants, an...More

The Bank of America® Business Advantage Cash Rewards Mastercard® credit card combines solid cash back rewards with a 0% introductory APR on purchases for 9 billing cycles. Card users will earn 3% cash back on purchases at gas stations and office supply stores, 2% on purchases at restaurants, and 1% on all other purchases (on up to $250,000 in combined gas station and office supply store purchases annually, 1% after that).

Read full review

Less

Finder

A solid credit card with cashback rewards

If your business spends thousands of dollars on gas and office supplies per year, then Business Advantage Cash Rewards Mastercard credit card by Bank of America is a solid option to consider with its 3% cash back in these categories and no annual fee. You may also want to take advantage of the 0...More

If your business spends thousands of dollars on gas and office supplies per year, then Business Advantage Cash Rewards Mastercard credit card by Bank of America is a solid option to consider with its 3% cash back in these categories and no annual fee. You may also want to take advantage of the 0% introductory APR on purchases for the first 9 billing cycles if you’re looking to make a large initial purchase for your company.

Read full review

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Get.com

A powerful cash back tool

from Get.com

Bank of America Business Advantage Cash Rewards Mastercard credit card can be a very rewarding cash back card to use if you make a lot of purchases at office supply stores, gas stations and restaurants, especially for businesses with a bigger budget.

Read full review

Bank of America Business Advantage Cash Rewards Mastercard credit card can be a very rewarding cash back card to use if you make a lot of purchases at office supply stores, gas stations and restaurants, especially for businesses with a bigger budget.

Read full review

Less

RewardExpert

A solid cashback card for small business owners

from RewardExpert

The Business Advantage Cash Rewards credit card isn’t the most rewarding card out there, and it’s not packed full of premium benefits. That said, it is a solid option for a no annual fee business credit card. It offers reasonable rewards for everyday spending, and redemptions can be made simply with a $25 minimum.

Read full review

The Business Advantage Cash Rewards credit card isn’t the most rewarding card out there, and it’s not packed full of premium benefits. That said, it is a solid option for a no annual fee business credit card. It offers reasonable rewards for everyday spending, and redemptions can be made simply with a $25 minimum.

Read full review

Less

Wise Bread

Offers numerous business benefits

from Wise Bread

This card is most ideal for small business owners whose spending falls most often in the restaurant, gasoline, and office supply categories, and it's even more ideal if your gasoline and office supply purchases don't exceed $250,000 per year due to the cap on the 3% category.

Read full review

This card is most ideal for small business owners whose spending falls most often in the restaurant, gasoline, and office supply categories, and it's even more ideal if your gasoline and office supply purchases don't exceed $250,000 per year due to the cap on the 3% category.

Read full review

Less

User Reviews


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