The Bank of America Business Advantage Cash Rewards Mastercard Credit Card is a nice way to earn cash back on your purchases. It’s a good pick for business cardholders as it offer you a bonus of $200 statement credit bonus after making at least $500 in net purchases in the first 60 days of your account opening.
You could earn up to 3x points on purchases at gas stations and office supply stores, restaurants, and all other purchases. There is no annual fee and your cash doesn’t expire which is always a plus. If you would like to get some more information over the Bank of America Business Advantage Cash Rewards Mastercard Credit Card, feel free to read more about it below!
* The Business Advantage Cash Rewards card is issued by Bank of America. They also offer great sign-up bonuses for their Checking/Savings accounts.
Table of Contents
Business Advantage Cash Rewards Card Summary
|Bonus Available||Earn $300 as statement credit after you make at least $3,000 in purchases within the first 90 days of account opening.|
3% cash back on your choice of one of these categories: gas stations, office supply stores, travel, TV/telecom & wireless, computer services or business consulting services.
2% back on dining.
2% & 3% limited to the first $50,000 in combined choice category/dining purchases each calendar year.
Unlimited 1% cash back on all other purchases.
|Foreign Transaction Fees||3%|
- No annual fee
- Bonus offer
- Great rewards on choice cateogry and dining
- Relationship Rewards bonus
- Excellent credit needed to qualify
- Foreign transaction fee
Redeeming Your Cash Rewards
Start redeeming your cash back after earning a minimum of $25. Get it as a:
- Statement credit
- Direct deposit into a BoA small business checking or savings account
Your cash rewards don’t expire. So hold on to them for as long as you want.
Business Advantage Cash Rewards Card Benefits
- Cash Flow Management Tools. Manage your business with a suite of online services including automatic payments, transfers, downloading transactions into QuickBooks and tracking it all in the MyReport Center.
- $0 Liability Guarantee. The $0 Liability Guarantee covers fraudulent transactions made by others using your account. Claims against posted and settled transactions subject to dollar limits and verification, including providing requested information supporting fraudulent use claim.
- Overdraft Protection. Overdraft transfers to your eligible Bank of America deposit account from your credit card account will be Bank Cash Advances under your Credit Card Agreement. Transfers will be subject to the terms of both your Credit Card Agreement and the account agreement(s) and disclosures governing your Bank of America deposit account.
- Mobile and Text Banking. Mobile Banking requires that you download the Mobile Banking app and is only available for select mobile devices. Bank of America does not charge for Text Banking. However, your mobile service provider may charge for sending and receiving text messages on your mobile phone. Check with your service provider for details on specific fees and charges that may apply. Message and data rates may apply.
- Alerts. You may opt in to receive alerts via text or email. Bank of America does not charge for this service but your mobile carrier’s message and data rates may apply. Delivery of alerts may be affected or delayed by your mobile carrier’s coverage.
- FICO® Score Program. The FICO Score Program is available only for primary cardholders with an open and active consumer credit card account who have a FICO Score available. Simply access this through Online Banking, the Mobile website, and the Mobile Banking app.
Business Advantage Cash Rewards Card Features
Earn 3% cash back on your choice of one of the following categories:gas stations (defaults to this if you don’t choose), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services.
You’ll also earn 2% cash back on dining and unlimited 1% back everywhere else.
The 2% and 3% rates are capped at $50,000 in combined spending each calendar year.
If you’re enrolled in Preferred Rewards for Business, you’ll get an additional 25% to 75% rewards bonus on every purchase you make.
|Membership Tier||Minimum Balance||Rewards Bonus||Choice Category||Dining||All Other Rewards|
|Not a member||None||0%||3%||2%||1%|
|Chase Total Business Checking®: Earn $200 bonus when you open a new Chase Total Business Checking® account and deposit $1,000 or more in new money within 20 business days & maintain that balance for 60 days, and complete 5 qualifying transactions within 60 days. Chase offers financial products and services that let you bank when and how you want. Get Coupon---Chase Business Checking Review|
|Huntington Unlimited Plus Business Checking: Earn $750 bonus when you open a Huntington Unlimited Plus Business Checking account and make total deposits of at least $20,000 within 60 days of account opening. The $750 bonus will be deposited into your account after all requirements are met and your account is open for 90 days. This account is for larger businesses with high monthly transaction volume.
Apply Now---Huntington Unlimited Plus Business Checking Review
|Huntington Unlimited Business Checking: Earn $400 bonus when you open a Huntington Unlimited Business Checking account and make total deposits of at least $5,000 within 60 days of account opening. The $400 bonus will be deposited into your account after all requirements are met and your account is open for 90 days. This account is for businesses with higher checking activity and greater cash flow needs.
Apply Now---Huntington Unlimited Business Checking Review
|Huntington Business Checking 100: Earn $200 bonus when you open a Huntington Business 100 Checking account and make total deposits of at least $2,000 within 60 days of account opening. The $200 bonus will be deposited into your account after all requirements are met and your account is open for 90 days. This account is ideal for start-ups and small businesses with lower balances and checking activity.
Apply Now---Huntington Business Checking 100 Review
If you are a business cardholders, consider signing up for the Bank of America Business Advantage Cash Rewards Mastercard Credit Card to earn bonuses on the purchases you make. This is the good cash rewards credit card for those everyday purchases. There is a $200 statement credit bonus after making at least $500 in net purchases in the first 60 days of your account opening.
You could also earn up to 3x points on purchases at gas stations and office supply stores, 2x points at restaurants, and 1x points all other purchases. If this is something that you would be interested in and you would like more from Bank Of America, see our list of the Best Bank of America Promotions! For more credit cards, see our latest list of the best credit card bonuses!
(Visit Bank of America for more details about this card.)
The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.
Who’s the Competition?
No-Annual-Fee Business Alternatives
The Chase Ink Business CashSM Card offers $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening.
You'll earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year, 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year, & % cash back on all other card purchases with no limit to the amount you can earn.
This card comes with no annual fee. You'll be able to take advantage of employee cards at no additional cost & the 0% introductory APR for 12 months on purchases.
The Ink Business UnlimitedSM Credit Card offers $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening.
You'll earn an unlimited 1.5% cash back on every purchase made for your business and you'll receive employee cards at no additional cost.
This card carries no annual fee and you'll have the opportunity to take advantage of a 0% introductory APR for 12 months on purchases
The Capital One® Spark® Cash Select for Business offers a one-time $200 cash bonus once you spend $3,000 on purchases within 3 months from account opening.
You'll earn an unlimited 1.5% cash back could mean thousands of dollars each year going back into your business with no categories to limit your purchasing.
This card comes with no annual fee and employee cards at no additional cost.
Pay Annual Fee for Better Rewards
These Business cards have an annual fee but rewards and features will be better: Ink Business Preferred Credit Card, Capital One Spark Cash for Business and The Business Platinum Card from American Express.
The Chase Ink Business PreferredSM Card offers 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®.
You'll earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year; 1 point per $1 on all other purchases - with no limit to the amount you can earn. Furthermore, points are worth 25% more when you redeem for travel through Chase Ultimate Rewards.
This card does come with a $95 annual fee but does not have any foreign transaction fees.
The Capital One® Spark® Cash for Business offers up to $2,000 in cash bonuses as a limited time offer. Earn a $500 cash bonus when you spend $5,000 in the first 3 months and earn $1,500 when you spend $50,000 in the first 6 months of your account opening.
You're able to earn an unlimited 2% cash back could mean thousands of dollars each year going back into your business. Use Spark Cash across all your business spend, with no categories to limit your purchasing.
This card does come with a $95 annual fee, however, there is a $0 intro annual fee for the first year.
The The Business Platinum® Card from American Express has a welcome offer where you can earn up to 75,000 Membership Rewards® points. Earn 50,000 Membership Rewards® points after you spend $10,000 and an extra 25,000 points after you spend an additional $10,000 all on qualifying purchases made on your Business Platinum Card® within your first 3 months of Card Membership.
You'll also earn 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com. In addition, you'll get 50% more Membership Rewards® points. That's 1.5 points per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year.
If you use your Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline, you can get 35% of the points back, up to 500,000 bonus points per calendar year.
This card does come with a $595 annual fee. (See Rates & Fees) Now, you can earn up to $200 in statement credits annually by getting up to $100 semi-annually for U.S. purchases with Dell. Terms apply.
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