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Business Advantage Customized Cash Rewards

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Business Advantage Customized Cash Rewards
4.5

Annual fee:
$0

Intro APR

Purchases: 0%, 9 billing cycles

Balance Transfers: N/A

Regular APR

17.74% - 27.74% Variable APR

Buy Now, Pay Later N/A

N/A

Credit Score

670-850 (Good/Excellent)

Rewards Earn 3% cashback in the category of your choice: gas stations and EV charging stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services. Earn 2% cashback on dining. You will earn 3% and 2% cashback on the first $50,000 in combined choice category/dining purchases each year. Earn 1% cashback on all other purchases.

1% - 5.25% Cashback

Welcome Offer Earn a $300 bonus after spending $3,000 in the first 90 days from your account opening.

$300

  • Welcome bonus: Earn a $300 bonus after spending $3,000 in the first 90 days from your account opening.
  • 3% Cashback in The Category of Your Choice: gas stations and EV charging stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services.
  • 2% Cashback on Dining.
  • Limit on 2% and 3% Cashback: Earn 3% and 2% cashback on the first $50,000 in combined choice category/dining purchases each year.
  • 1% Cashback on All Other Purchases.
  • Preferred Rewards: Eligible cardholders can earn up to 75% more cashback if they have a business checking account with Bank of America and qualify for Preferred Rewards for Business Platinum Honor tier. This can increase the cashback rate to up to 5.25% cashback in your selected choice category, 3.5% cashback on dining, and 1.75% on all other purchases.
  • Annual Fee: None.
  • Foreign Transaction Fees: 3% of the U.S. dollar amount of each transaction.
  • 0% Intro APR on Purchases: For 9 months from account opening.
  • Balance Transfer Fees: 4% of each transfer amount.
  • Regular APR: After the introductory period, a variable APR of 17.74% - 27.74% applies to purchases and balance transfers.
  • Travel Benefits: Include $100,000 in travel accident insurance, auto rental insurance, emergency ticket replacement, lost-luggage assistance, and legal and medical referrals.
  • Purchase Protection: Provides coverage against loss, damage, theft, or fire, and includes extended warranty coverage.
  • Business Perks: Cash flow management tools and free access to business credit scores.
  • Redeem Rewards: As a statement credit, a direct deposit into an eligible Bank of America® account, or a check mailed to you.
  • Additional Features: Zero liability protection, fraud monitoring, and Balance Connect® for overdraft protection.
  • Click ‘Apply Now’ to see the full terms and conditions.
The Business Advantage Customized Cash Rewards card is a solid choice for small to medium-sized businesses looking to maximize cashback on selected business expenses. If your business already has or is willing to open a business checking account with Bank of America, this card could be a highly beneficial for maximizing your cashback rewards without an annual fee. The card also offers a 0% intro APR, purchase protection, and travel benefits.