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Bank of America® Business Advantage Cash Rewards Mastercard® credit card

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on Bank of America's secure site

Bank of America® Business Advantage Cash Rewards Mastercard® credit card

 

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  • Regular Purchase APR

    12.24% - 22.24% Variable APR

  • Intro Purchase APR

    0% for 9 billing cycles

  • Intro BT APR

    N/A

  • Typical Credit Needed

    500

    600

    700

    850

  • Annual Fee

    $0

  • Card Brand

    Mastercard®

Highlights

  • Click "APPLY NOW" to apply online
  • Earn a $200 statement credit after $500 in purchases within 60 days of account opening – with no annual fee and no limit to the base cash back you can earn
  • 3% cash back on purchases at gas stations and office supply stores, 2% on purchases at restaurants, and 1% on all other purchases (Annual cap of $250,000 on combined gas station and office supply store purchases; then 1% earn rate after that)
  • Redeem your cash rewards for cash back, or apply them to a Bank of America® savings or checking account

Card Fees

  • Late Payment Fees

    Up to $49

  • Foreign Transaction Fee

    3%

  • Balance Transfer Fee

    Either $10 or 4%, whichever is greater

  • Cash Advance Fee

    Either $10 or 4% of the amount of each transaction, whichever is greater. Includes Convenience Checks.

  • Returned Payment Fee

    $39

  • Penalty APR

    None

  • Minimum Interest Charge

    $1.00

Additional Card Details

  • $0 Fraud Liability

    Yes

  • Auto Rental Insurance

    Yes

  • Extended Warranty Program

    No

  • Roadside Assistance

    No

  • Purchase Protection

    Yes

  • Travel Assistance

    No

  • Flight Accident Insurance

    No

  • Lost Luggage Reimbursement

    No

  • Concierge Service

    No


Expert Reviews

  • Regular APR

    5.0

  • Intro APR

    3.0

  • Fees

    4.0

  • Benefits

    5.0

  • Overall Rating

    4.5 /5

From the CompareCards.com Editorial Team

Business owners looking for a great cash back rewards card should definitely consider the Bank of America® Business Advantage Cash Rewards Mastercard® credit card. This can be an extremely rewarding card because it has cash back bonus categories built in with the things that business owners frequently spend money on. And to kick off your cash back earning, new cardholders can receive a $200 statement credit after $500 in purchases within 60 days of account opening.

For ongoing rewards, you’ll earn 3% cash back on purchases at gas stations and office supply stores, 2% on purchases at restaurants, and 1% on all other purchases (Annual cap of $250,000 on combined gas station and office supply store purchases; then 1% earn rate after that). Even after the limit for bonus cash back, you continue to earn 1% cash back on every purchase, meaning that your rewards contnue to increase.

Another great feature of the Bank of America® Business Advantage Cash Rewards Mastercard® credit card is that there is no annual fee. The means you can rack up the cash back rewards on your business expenses without even paying a fee for cardmembership. 

The Bottom Line

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.

The Good

The bonus cash back categories can allow cardholders to rack up big amounts of cash back on their business expenses. A great rewards rate with no annual fee makes this card a winner for any business owner.

The Not So Good

There is a 3% fee for international transactions, so we don’t recommend using this card overseas.


Editorial Note: This content is not provided by Bank of America. Any opinions, analyses, reviews, or recommendations expressed on this page are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by Bank of America.

Expert Reviews of the Bank of America® Business Advantage Cash Rewards Mastercard® credit card

  • Regular APR

    5.0

  • Intro APR

    3.0

  • Fees

    4.0

  • Benefits

    5.0

  • Overall Rating

    4.5 /5


Consumer Reviews 0 Reviews

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+-1 users submitted a rating without a full review

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By: | Mar 21, 2016

Good card, online billing options allow for payment from your bank account, good customer support. Very good statement retrieval from website and shows alongside your other Bank of America accounts and products.


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