Am I eligible?
To get this card, you must also:
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...
- Cynthia Bowman, ZDNetThe Bank of America Business Advantage Customized Cash Rewards credit card is a good credit card for businesses with high fuel spending or who tend to make card purchases for one particular category. Cardholders will be able to choose one category each month, including fuel, office supplies or trave...
- Benilyn Formoso - Suralta, Fit Small BusinessThe Bank of America® Business Advantage Customized Cash Rewards Credit Card is an excellent cash back credit card for business owners who have existing accounts with Bank of America.
- Rebecca Lake, MyBankTrackerThe 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...
- Kimberly Palmer, NerdWalletWorth a look for those who spend a lot in one or more of the 3% cash-back category options, as well as those who already do business with Bank of America®. But because the bonus rewards are capped, it's not a good fit for big spenders.
- Jenny Hoff, The WirecutterThe 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.
Details
| Interest Rates | |
|---|---|
| Regular APR Interest Rate |
12.49% ‐ 22.49% (Variable) (0% for the first 9 months) This APR will vary with the market based on the Prime Rate. |
| Balance Transfer Interest Rate |
12.49% ‐ 22.49% (Variable) This APR will vary with the market based on the Prime Rate. |
| Cash Advance Interest Rate |
24.49% (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 |
|
| Features & Benefits | |
| Additional Card Holders | Yes |
| Travel Accident Insurance | Yes |
| Car Rental Insurance | Yes |
| Car Rental Discount | No |
| Extended Warranty | Yes |
| Purchase Protection | Yes |
| 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 |
|
| Eligibility | |
| Minimum Security Deposit | $0 |
| Minimum Age | 18 |
| Minimum Personal Income | |
| Temporary Residents | No |
| More | |
| Additional comments | - |
| Terms & Conditions | Official Terms & Conditions |
| Suggest a correction |
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