Bank of America® Business Advantage Cash Rewards Mastercard® Review – Cash Back for Big Spenders

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 at gas stations and office supply stores, capped at $250,000 each calendar year. It means that you can earn 3% cash back rewards if you spend a monthly average of $20,833 on gas and office supplies. You can also earn 2% on purchases at restaurants and $200 cash bonus.

An Overview

  • Get a $200 statement credit when you make at least $500 in net purchases within 60 days of your account opening - with no annual fee, no cap on the amount of cash rewards you can earn and they don't expire.
  • 3% cash back on purchases at gas stations and office supply stores (up to $250,000 each calendar year, 1% after that), 2% on purchases at restaurants, and 1% on all other purchases.
  • 0% Introductory APR on purchases for your first 9 billing cycles.
  • Redeem your cash rewards as a statement credit, check, or have cash deposited into a Bank of America® checking or savings account.
  • Plus, if you're a Business Advantage Relationship Rewards client, you can get up to a 75% rewards bonus on the base earn of every purchase you make. Your rewards bonus is based on your enrolled tier - Gold 25%; Platinum 50%; or Platinum Honors 75%.
  • Click here for more details on Bank of America® Business Advantage Cash Rewards Mastercard®
Intro APR
0% on Purchases
Intro APR Period
9 billing cycles
Regular APR
12.99% - 22.99% Variable APR on purchases and balance transfers
Annual Fee
$0

Card Benefits

Sign-up bonus

New card members will receive a sign-up bonus of $200 cash in statement credit after spending $500 on purchases within the first 60 days. The $200 bonus is equivalent to 40% cash back on your first $500 purchases.

Cash Back Rewards

You will earn 3% cash back on purchases at gas stations and office supply stores. You can also earn unlimited 2% cash back at restaurants, and 1% on all other purchases.

If you’re a Business Advantage Relationship Rewards client, you can get a 25% to 75% rewards bonus on the baseline rewards, which means your cash back rewards on gas and office supplies may increase to between 3.75% to 5.25%, your cash rewards on eating out may increase to between 2.5% to 3.5%, and your rewards on other purchases may increase to between 1.25% to 1.75%. To qualify for the Business Advantage Relationship Rewards, 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 Lynch 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.

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 Business Advantage Relationship Rewards. 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 at gas stations and office supply shops is capped at your purchases of $250,000 each calendar year, which averages over $20,000 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 Business Advantage Relationship Rewards, you can enjoy up to 5.25% cash back rewards on purchases at gas stations and office supply stores, 3.5% cash back on dining, 1.75% cash back on all other purchases.

Similar Business 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 credit cards with similar benefits.

Credit CardsPurchase APRTransfer InfoAnnual Fee Credit Level
Capital One® Spark® Cash Select for Business

0% intro APR
for 9 months

14.74% - 22.74% (Variable) APR

14.74% - 22.74% (Variable) APR

No balance transfer fee

$0

Excellent, Good CreditLearn MoreView Card Details
  • Earning unlimited 1.5% cash back could mean thousands of dollars each year going back into your business
  • Plus, a one-time $200 cash bonus once you spend $3,000 on purchases within 3 months from account opening
  • Save on interest with 0% intro APR on purchases for 9 months; 14.74% - 22.74% variable APR after that
  • No annual fee
  • Use Spark Cash Select across all your business spend, with no categories to limit your purchasing
  • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
  • Get employee cards at no additional cost, and earn rewards from their business spend
Bank of America® Business Advantage Travel Rewards World Mastercard®

0% intro APR
for 9 billing cycles

12.99% - 22.99% Variable APR after that

12.99% - 22.99% Variable APR

$0

Excellent CreditLearn MoreView Card Details
  • Earn unlimited 1.5 points for every $1 spent on all purchases everywhere, every time-no matter how much you spend. Points don't expire
  • Earn 25,000 bonus points when you make at least $1,000 in net purchases within 60 days of your account opening which can be redeemed for a $250 statement credit towards travel purchases.
  • Earn 3 points per every dollar spent on travel purchases (car, hotel, airline) booked through the Bank of America® Travel Center - powered by Expedia®.
  • No annual fee and no international transaction fees.
  • 0% Introductory APR on purchases for your first 9 billing cycles.
  • Redeem points for travel with no blackout dates, cash back or gift cards.
  • Plus, if you're a Business Advantage Relationship Rewards client, you can get up to a 75% rewards bonus on the base earn of every purchase you make. Your rewards bonus is based on your enrolled tier - Gold 25%; Platinum 50%; or Platinum Honors 75%.
Capital One® Spark® Cash for Business

18.74% (Variable) APR

18.74% (Variable) APR

No balance transfer fee

$0 intro for first year; $95 after that

Excellent, Good CreditLearn MoreView Card Details
  • Earning unlimited 2% cash back could mean thousands of dollars each year going back into your business
  • Plus, a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening
  • Use Spark Cash across all your business spend, with no categories to limit your purchasing
  • $0 intro annual fee for the first year; $95 after that
  • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
  • Get employee cards at no additional cost, and earn rewards from their business spend
  • Earning unlimited 1.5% cash back could mean thousands of dollars each year going back into your business
  • Plus, a one-time $200 cash bonus once you spend $3,000 on purchases within 3 months from account opening
  • Save on interest with 0% intro APR on purchases for 9 months; 14.74% - 22.74% variable APR after that
  • No annual fee
  • Use Spark Cash Select across all your business spend, with no categories to limit your purchasing
  • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
  • Get employee cards at no additional cost, and earn rewards from their business spend
  • Click here for more details on Capital One® Spark® Cash Select for Business
  • Earn unlimited 1.5 points for every $1 spent on all purchases everywhere, every time-no matter how much you spend. Points don't expire
  • Earn 25,000 bonus points when you make at least $1,000 in net purchases within 60 days of your account opening which can be redeemed for a $250 statement credit towards travel purchases.
  • Earn 3 points per every dollar spent on travel purchases (car, hotel, airline) booked through the Bank of America® Travel Center - powered by Expedia®.
  • No annual fee and no international transaction fees.
  • 0% Introductory APR on purchases for your first 9 billing cycles.
  • Redeem points for travel with no blackout dates, cash back or gift cards.
  • Plus, if you're a Business Advantage Relationship Rewards client, you can get up to a 75% rewards bonus on the base earn of every purchase you make. Your rewards bonus is based on your enrolled tier - Gold 25%; Platinum 50%; or Platinum Honors 75%.
  • Click here for more details on Bank of America® Business Advantage Travel Rewards World Mastercard®
  • Earning unlimited 2% cash back could mean thousands of dollars each year going back into your business
  • Plus, a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening
  • Use Spark Cash across all your business spend, with no categories to limit your purchasing
  • $0 intro annual fee for the first year; $95 after that
  • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
  • Get employee cards at no additional cost, and earn rewards from their business spend
  • Click here for more details on Capital One® Spark® Cash for Business
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