Business Advantage Customized Cash Rewards: 3% Cashback in Your Chosen Category
Earn 3% cashback in a category you choose and 2% on dining, and 1% on all other purchases – on up to $50,000 per year in combined 3% and 2% purchases, with no annual fee.
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The Business Advantage Customized Cash Rewards Mastercard® is a strong cashback card for small to medium-sized businesses that want flexibility and the ability to earn higher rewards in the categories that matter most to them. Cardholders can choose a 3% cashback category, such as gas, office supplies, travel, or business consulting services, earn 2% cashback on dining purchases, and 1% on all other purchases, making it easy to align rewards with business spending patterns while avoiding an annual fee. The card becomes even more valuable for businesses enrolled in the Bank of America Preferred Rewards for Business program, which can significantly increase cashback earnings. It is particularly well suited for businesses with one primary spending category that can consistently maximize the bonus rewards. The downside is that bonus rewards are subject to spending caps, and maximizing value requires selecting the right category. Businesses with high overall spending or significant expenses outside the bonus categories may earn more with a flat-rate cashback card. Overall, this card works best for small and mid-sized businesses seeking customizable cashback rewards and the potential for enhanced earnings through Bank of America's business banking relationship programs.
Business Advantage Customized Cash Rewards
Apply now
On Bank of America's Secure Website
Annual fee:
$0
Intro APR
Purchases: 0%, 7 billing cycles
Balance Transfers: N/A
Regular APR
16.99% - 26.99% Variable APR
Credit Score
670-850 (Good/Excellent)
Rewards Earn 3% cashback in the category of your choice: gas/EV charging stations, office supply stores, travel, TV/telecom & wireless, computer services or business consulting services. Plus, earn 2% cashback on dining and 1% on all other purchases. 3% and 2% cashback earnings are capped at the first $50,000 in combined Choice Category and dining purchases each year.
1% - 3% Cashback
Welcome Offer Earn a $500 bonus after spending $5,000 in the first 90 days.
$500
Welcome Offer
Earn a $500 bonus after spending $5,000 in the first 90 days.
Rewards
- 3% Cashback in The Category of Your Choice:
- Gas/EV charging stations (default category)
- Office supply stores
- Travel
- TV/telecom & wireless
- Computer services
- 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.
Redemption Options
- Flexible Redemption: Redeem cashback as a statement credit, direct deposit into an eligible Bank of America® checking or savings account, or a check mailed to you.
Fees and APR
- Annual Fee: $0.
- 0% Intro APR on Purchases: For 7 months from account opening.
- Regular APR: After the introductory period, a variable APR of 16.99% - 26.99% applies to purchases and balance transfers.
- Paying late won’t raise your APR.
- Balance Transfer Fees: 5% of each transfer amount.
- Foreign Transaction Fee: 3% of each purchase transaction in U.S. dollars.
Bank Relationship Benefits
- Preferred Rewards for Business Eligibility: Enroll in Preferred Rewards for Business with an eligible Bank of America® business checking account and qualifying combined balances of at least $20,000 (Gold), $50,000 (Platinum), or $100,000 (Platinum Honors).
- Preferred Rewards For Business Members: If you’re enrolled in Bank of America Preferred Rewards for Business, you can earn up to 75% more cashback.
- Up to 5.25% Cashback on the Choice Category.
- Up to 3.5% Cashback on Dining.
- Up to 1.75% Cashback on all other purchases.
Travel Protections
- Travel Accident Insurance: Receive up to $1,000,000 in coverage for accidental death or dismemberment while traveling on a common carrier when you pay with your card.
- Car Rental Coverage: Provides reimbursement for theft and collision damage when you decline the rental company’s coverage and pay for the rental in full with your card.
Travel & Emergency Assistance
- Emergency Ticket Replacement: Assistance with replacing lost or stolen tickets, including help working with your carrier. Replacement costs are your responsibility.
- Lost Luggage Assistance: Assistance with tracking lost luggage, filing claims with your carrier, and arranging replacement items if needed (costs not covered).
- Medical Referral Assistance: Get help finding local doctors and hospitals, coordinating care, and staying in touch with family while traveling (costs not covered).
- Legal Referral Assistance: Help finding legal support and coordinating assistance abroad (costs not covered).
Purchase Protections
- Purchase Protection: Covers new purchases against damage or theft.
- Extended Warranty: Doubles the original manufacturer’s warranty on eligible purchases, providing up to one extra year of coverage.
Convenience Features
- Digital wallet compatible: Apple Pay®, Google Pay™, Samsung Pay.
Business Tools & Integrations
- Free Employee Cards: Add employee cards at no additional cost and easily track business spending across all cardholders.
- Cash Flow Management Tools: Automatic payments, fund transfers, and QuickBooks integration to simplify business accounting.
- Business Credit Score Access: View your Dun & Bradstreet business credit scores for free through Business Advantage 360 to monitor and manage your business credit.
Terms and Conditions
- Click Apply Now to see the terms and conditions.