Overview
If you spend tens of thousands of dollars on gas, office supplies, dining, or gift cards every month, consider using the Bank of America® Business Advantage Cash Rewards Mastercard® for your purchases. It offers 3% cash back on purchases on your choice of one of the following six categories: gas stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services, 2% cash back on dining (for the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter) and 1% cash back on all other purchases. You can also earn $300 cash bonus.
- Get a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
- Earn 3% cash back in the category of your choice: gas stations & EV charging stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services, 2% cash back on dining purchases and 1% cash back on all other purchases.
- You'll earn 3% cash back on purchases in the category of your choice and 2% cash back on dining purchases on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
- You can earn up to 75% more cash back on every purchase, if you have a business checking account with Bank of America and qualify for Preferred Rewards for Business Platinum Honors tier. That means you could earn up to 5.25% cash back in your selected choice category and up to 3.5% cash back on dining purchases on the first $50,000 in those combined purchases each calendar year, and up to an unlimited 1.75% cash back on all other purchases.
- No annual fee
- Choose how to redeem your cash rewards-as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you. Cash rewards don't expire as long as your account remains open.
- To change your choice category for future purchases, you must go to the Mobile Banking app or Business Advantage 360, our small business online banking. You can change it once each calendar month, or make no change and it stays the same.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 17.99% to 27.99% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
- Intro APR
- 0% on Purchases
- Intro APR Period
- 9 billing cycles
- Annual Fee
- $0
- Credit Needed
- excellent
Card Benefits
Sign-up bonus
New card members will receive a sign-up bonus of $300 cash in statement credit after spending $3,000 on purchases within the first 90 days. The $300 bonus cash is equivalent to 10% cash back on your first $3,000 purchases.
Cash Back Rewards
You will earn 3% cash back on your choice of one of the following six categories: gas stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services. 2% cash back on dining (for the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter) and 1% cash back on all other purchases.
If you are a client of Preferred Rewards for Business, you can get a 25% to 75% rewards bonus on the baseline rewards, which means you may earn up to 5.25% cash rewards on gas and office supplies, up to 3.5% cash rewards on eating out, and up to 1.75% cash rewards on other purchases. To qualify for the Preferred Rewards for Business, you need to have a Bank of America business checking account, and maintain a combined balance in qualifying business deposit accounts and/or qualifying Merrill business investment accounts of at least $20,000 for the Gold tier, $50,000 for the Platinum tier, or $100,000 for the Platinum Honors tier. The following table shows the detailed information on the Gold, Platinum, and Platinum Honors tiers of Bank of America’s Preferred Rewards for Business program.
Preferred Rewards for Business Tier | Rewards Bonus | Cash Rewards for the Tier |
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Gold – $20,000 in combined balance of qualifying accounts | 25% |
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Platinum – $50,000 in combined balance of qualifying accounts | 50% |
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Platinum Honors – $100,000 in combined balance of qualifying accounts | 75% |
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You can actually use this credit card to buy shopping gift cards at an office supply shop such as Staples, Office Depot, and earn 3% cash back, or up to 5.25% cash back if you qualify for Preferred Rewards for Business. For example, you can go to giftcardmall.officedepot.com or staples.com to buy many popular gift cards, such as the ones from eBay, Target, Home Depot, Lowe’s, Bed Bath & Beyond, Cabela’s, Disney, Groupon, Nordstrom, etc, and then use the gift cards at the retailer of your choice. In this way, you will earn more cash back because of the higher cash back for the gift cards purchased at office supply stores.
The cash rewards on purchases in combined choice category/dining is capped at your purchases of $50,000 each calendar year, which averages over $4,000 in purchases each month. If you are a big spender, you will be able to earn a lot more cash rewards with this credit card than with most other credit cards.
Fees and Interest
This credit card has no annual fee. It also offers 0% introductory APR on purchases, which allows you to make purchases now and pay off the balance later without incurring interest cost, as long as you make the minimum payment each month.
Required Credit Rating
The Bank of America® Business Advantage Cash Rewards Mastercard® is a prime credit card for people with excellent credit rating. If you have a credit score of 740 or more, you may qualify for the credit card.
Apply for Business Card as an Individual
The Bank of America® Business Advantage Cash Rewards Mastercard® is a small business credit card. Even if you don’t own a corporation or LLC, you can still apply for business credit cards as a sole proprietor – just use your own name as the business name and use your Social Security Number (SSN) as the Tax ID in the application. See detailed explanation on how to apply for business cards as an individual.
Is this the right card for you?
If you spend a lot on purchases each year, you will find Bank of America® Business Advantage Cash Rewards Mastercard® a great credit card to earn cash rewards. This card helps small business owners to earn more cash back for their purchases. If you qualify for the Bank of America Preferred Rewards for Business, you can enjoy up to 5.25% cash back rewards on purchases in one of your preferred business spending categories, 3.5% cash back on dining, 1.75% cash back on all other purchases.
Similar Credit Cards
If you are interested in the Bank of America® Business Advantage Cash Rewards Mastercard®, you may also consider a few other small business or cash back credit cards with similar benefits.
Small Business Credit Cards
Credit Card | Bonus, Rewards, 0% Interest | Annual Fee | |
---|---|---|---|
The American Express Blue Business Cash™ Card | (rates & fees) | $0 | |
Ink Business Cash® Credit Card | $0 | ||
The Blue Business® Plus Credit Card from American Express | (rates & fees) | $0 | |
Ink Business Unlimited® Credit Card | $0 | ||
Costco Anywhere Visa® Business Card by Citi | $0 rates & fees | ||
Ink Business Preferred® Credit Card | $95 | ||
American Express® Business Gold Card | (rates & fees) | $375 | |
The Business Platinum Card® from American Express | $695 rates & fees |
Cash Back Credit Cards
Credit Card | Bonus, Rewards, 0% Interest | Annual Fee | |
---|---|---|---|
Wells Fargo Active Cash® Card | (rates & fees) | $0 | |
Citi Custom Cash® Card | Special Travel Offer: Earn an additional 4% cash back on hotels, car rentals, and attractions booked on Citi Travel℠ portal through 6/30/2026. (rates & fees) | $0 | |
Citi Double Cash® Card | Plus, a special travel offer, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/25. (rates & fees) | $0 | |
Chase Freedom Unlimited® | $0 | ||
Blue Cash Everyday® Card from American Express | (rates & fees) | $0 | |
Costco Anywhere Visa® Card by Citi | $0 rates & fees | ||
Blue Cash Preferred® Card from American Express | (rates & fees) | $0 intro annual fee for the first year, then $95. |
Credit Card Bonus
Credit Card | Credit Card Bonus | Annual Fee | |
---|---|---|---|
Citi Strata Premier℠ Card | 70,000 bonus ThankYou Points after spending $4,000 in the first 3 months of account opening, redeemable for $700 in gift cards or travel rewards at thankyou.com | $95 rates & fees | |
Chase Sapphire Preferred® Card | Get up to $1,050 in Chase Travel value. Earn 60,000 bonus points after $4,000 in purchases in your first 3 months from account opening. That's worth $750 when redeemed through Chase Travel. Plus, get up to $300 in statement credits on Chase Travel purchases within your first year. | $95 | |
Citi Rewards+® Card | 20,000 bonus points after you spend $1,500 in purchases with your card within 3 months of account opening; redeemable for $200 in gift cards at thankyou.com | $0 rates & fees |