Business Advantage Cash Rewards credit card review

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Advertiser Disclosure

Interest Rate: Purchases
12.24% ‐ 22.24% (Variable) (0% for the first 9 months)
Balance Transfer
12.24% ‐ 22.24% (Variable)
Rewards
1 - 2% cashback
Signup Bonus
$300 after spending $3,000


8/10
Informr score
The Business Advantage Cash Rewards credit card currently has an Informr score of 8 out of 10. This score is based on our evaluation of 16 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...


The Wirecutter

The Business Advantage checks the basic boxes for a small-business credit card, offering decent cash back rates and the option for eligible Bank of America customers to earn even more. But the card requires regular management to maximize rewards.

- Jenny Hoff, The Wirecutter
MoneyUnder30

The Bank of America® Business Advantage Cash Rewards Mastercard is the ideal card for any business owner that loves cash back. And there’s an opportunity to earn a lot of it when it comes to this card. You’ll get 3% cash back on the category of your choice – meaning you can always make sure you get...

- Kevin Mercadante, MoneyUnder30
Investopedia

The Bank of America Business Advantage Cash Rewards Mastercard could be a suitable choice for business owners who want a say in how they can earn maximum rewards. It could also be a good fit for businesses that are looking for more than just a flat-rate cash back rewards card.

- Rebecca Lake, Investopedia
MyBankTracker

The Bank of America Business Advantage Cash Rewards credit card offers a competitive cash back rewards program for businesses that spend on travel and/or everyday purchases. This card an ideal fit for Bank of America Preferred Rewards for Business members who want to earn even more cash back. This c...

- Rebecca Lake, MyBankTracker
Credit Card Insider

Though it’s not for everyone, the Bank of America® Business Advantage Cash Rewards Mastercard® credit card is one of the more impressive no annual fee business credit cards. The reward rates are commendable, and the chance to pick your own category every month is a huge plus. The simple redemption o...

- Sean Messier, Credit Card Insider

Details


Interest Rates
Regular APR Interest Rate 12.24% ‐ 22.24% (Variable) (0% for the first 9 months)

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

Balance Transfer Interest Rate 12.24% ‐ 22.24% (Variable)

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

Cash Advance Interest Rate 24.24% (Variable)

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
Virtual Cards 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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