Bank of America® Business Advantage Cash Rewards Mastercard® credit card is a business credit card for business owners with excellent credit. This card rewards you with cash back on everything you spend on for your business. In fact, it lets you earn up to 3% cash back on your business purchases. If you enroll in the Business Advantage Relationship Rewards program, you can get up to an extra 75% rewards bonus on every purchase you make - this helps you chalk up your cash rewards quicker! Besides having a solid welcome offer for new cardholders, this card also offers a 0% intro APR on purchases for your first 9 billing cycles (13.24% - 23.24% variable APR thereafter), no annual fee, travel and emergency services, and a host of card features that help make your business expenses more secure and organized.

Credit CardFeaturesIntro APRRegular APRAnnual FeeWhy we like itWe least likeCredit RequiredRelated links
Bank of America<sup>®</sup> Business Advantage Cash Rewards Mastercard<sup>®</sup> credit card

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

APPLY NOWAt Bank of America's secure website
  • 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%.
APPLY NOWAt Bank of America's secure website

0% Introductory APR on purchases for your first 9 billing cycles

13.24% - 23.24% Variable APR

No annual fee

Excellent

Here, GET.com provides answers to key questions about how Bank of America® Business Advantage Cash Rewards Mastercard® credit card works and what it offers.

Apply for Bank of America® Business Advantage Cash Rewards Mastercard® credit card at the official Bank of America website

Frequently Asked Questions About Bank of America® Business Advantage Cash Rewards Mastercard® credit card
Is this a good rewards card?
Do I get any special benefits from this card?
What are some of the features that come with this card?
Does this card come with low intro APR for purchases?
Does this card have an annual fee?
Is there a penalty if I pay late?
Can I get this card even if I have bad credit?
Do I get access to my credit score?
Who is this card for?

Questions And Answers For Bank of America® Business Advantage Cash Rewards Mastercard® credit card

Question: Is this a good rewards card?

Answer: Yes, Bank of America® Business Advantage Cash Rewards Mastercard® credit card lets you earn 3% cash back on purchases at gas stations and office supply stores (up to $250,000 in gas station and office supply store purchases each calendar year, 1% after that); 2% cash back on purchases at restaurants; and 1% cash back on all other purchases. Basically, this card rewards you with cash back on everything and anything you purchase for your business - the more you use the card, the more cash back rewards you will earn.

The restaurant category includes restaurants and quick service restaurants (fast food), bars, taverns, lounges and discos, but do not include merchants that are bakeries, coffee shops, grocery stores, and other miscellaneous food stores that may operate a restaurant inside their premises. Keep in mind that only purchases at gas stations that sell fuel primarily for consumer use will be eligible for earning the 3% cash back. Also, eligible office supply stores include wholesale distributors of stationery, office supplies, and printing and writing paper, but do not include variety, department, discount warehouse, or drug stores that may sell office supplies, and do not include merchants that sell large or high-priced office equipment such as computers or desk units.

You can redeem your cash back after earning $25. Feel free to redeem your rewards as a statement credit, or have cash deposited into your Bank of America small business checking or savings account. There is no annual cap on how much cash back rewards you are entitled to redeem. Plus, your cash back rewards do not expire so long as your account remains open, active and in good standing.

Question: Do I get any special benefits from this card?

Answer: Absolutely. Bank of America® Business Advantage Cash Rewards Mastercard® credit card lets you earn even more cash back on your spending when you enroll in the Business Advantage Relationship Rewards program. Depending on the strength of your relationship with Bank of America (Gold 25%, Platinum 50% or Platinum Honors 75%), you can earn up to 75% rewards bonus on every purchase you make. This just means you can earn up to up to 3.75% at gas stations and office supply stores (up to $250,000 each calendar year), up to 2.75% at restaurants and up to 1.75% cash back on all other purchases!

In addition, as a welcome offer, you can earn a generous $200 statement credit bonus after making at least $500 in net purchases in the first 60 days of your account opening. This is an incredibly generous offer - most cards on the market require new cardholders to spend much more before they can earn a welcome bonus amounting to $200.

Question: What are some of the features that come with this card?

Answer: Bank of America® Business Advantage Cash Rewards Mastercard® credit card offers online and mobile access so you can manage your account conveniently and securely 24/7. You can check your balance and monitor account activity for you and your employees anytime, anywhere. This card also offers a host of travel services for your business, such as emergency ticket replacement, lost luggage assistance, extended protection and $100,000 in travel accident insurance and auto rental insurance.

Being a chip embedded card, you get to enjoy greater security and peace of mind in the United States and more than 130 countries. A credit card enhanced with chip technology minimizes the possibility of fraud. Plus, Bank of America will block potential fraud if abnormal patterns are detected. The bank will also notify you in cases of suspected fraudulent activity.

You can stay protected thanks to zero liability protection for all unauthorized transactions. You will also receive extra protection against misuse by terminated employees, and for most purchases against damage, theft, fire, or loss.

What's more, the suite of online services and cash flow management tools you have access to will help you manage your business in a more organized manner. These include automatic payments, transfers, downloading transactions into QuickBooks and tracking your business expenses in the MyReport Center.

You can also use the optional overdraft protection service to help avoid declined purchases, returned checks or other overdrafts when you link your Bank of America® Business Advantage Cash Rewards Mastercard® credit card to a Bank of America business checking account for overdraft protection.

Question: Does this card come with low intro APR for purchases?

Answer: Yes. Bank of America® Business Advantage Cash Rewards Mastercard® credit card offers 0% intro APR on purchases for your first 9 billing cycles. Thereafter, a 13.24% - 23.24% variable APR for purchases will apply, based on your personal or your business' creditworthiness when you open your account.

Question: Does this card have an annual fee?

Answer: Nope, you do not have to pay to enjoy all the perks and savings Bank of America® Business Advantage Cash Rewards Mastercard® credit card can offer. It has no annual fee.

Question: Is there a penalty if I pay late?

Answer: Yes, there is a late payment fee of up to $49 if you do not make your payment by the due date.

Question: Can I get this card even if I have bad credit?

Answer: No, you cannot get Bank of America® Business Advantage Cash Rewards Mastercard® credit card if you have bad credit. Bank of America® Business Advantage Cash Rewards Mastercard® credit card is reserved for business owners with excellent credit.

Question: Do I get access to my credit score?

Answer: No, Bank of America® Business Advantage Cash Rewards Mastercard® credit card does not give you free access to your credit score.

Question: Who is this card for?

Answer: Bank of America® Business Advantage Cash Rewards Mastercard® credit card could be the business cash back credit card for you if you are business owner who is on the lookout for a solid rewards credit card that is impossibly straightforward to use. This no annual fee card lets you earn 1% cash back on purchases; 2% cash back on purchases at restaurants; and 3% on purchases at gas stations and office supply stores (up to $250,000 in gas station and office supply store purchases annually, 1% after that). Not only that, you could even earn more cash back if you enroll in the Business Advantage Relationship Rewards program! Your cash rewards do not have an expiry date and you can start redeeming your cash back after earning $25.

And if you have big business purchases planned ahead and you appreciate having more time to pay off those purchases, take heart that this card offers a 0% intro APR on purchases for your first 9 billing cycles. Thereafter, a 13.24% - 23.24% variable APR for purchases will apply, based on your personal or your business' creditworthiness when you open your account. This benefit lets you buy some time in paying off big ticket purchases without incurring interest charges. Also, you might want to consider taking advantage of the $200 statement credit welcome offer if you are new to Bank of America® Business Advantage Cash Rewards Mastercard® credit card, after making just $500 in net purchases in the first 60 days of your account opening. This is easily achievable, so consider that $200 statement credit yours.

Despite being a no annual fee business credit card, the value that you can get out of it is terrific. This card provides you with cash flow management tools, online and mobile access, chip technology, travel and emergency services, fraud monitoring and zero liability protection. Plus, the more you use the card, the more cash back you will earn. There is no annual cap on how much cash rewards you can earn on your business card. Bottom line, Bank of America® Business Advantage Cash Rewards Mastercard® credit card is a powerful cash back tool that has the potential to help your business save significant sums of money.

More about Bank of America® Business Advantage Cash Rewards Mastercard® credit card:
Read Our Bank of America® Business Advantage Cash Rewards Mastercard® credit card Review
Best Business Credit Cards With Bonus Offers 2018
Best Rewards Credit Cards For Small Businesses
Best Small Business Credit Cards