Bank of America Business Advantage Customized Cash Rewards

Key Benefits

All Benefits

• Current public welcome offer: $500 online cash rewards bonus after spending $5,000 on net purchases in the first 90 days from account opening (per NerdWallet Bank of America Business Advantage Customized Cash Rewards review citing the issuer's current public bonus, replacing the longstanding $300/$3,000 offer historically advertised on the Bank of America product page)
• $0 annual fee (per Bank of America business product page meta title 'Business Advantage Cash Rewards Credit Card with 3% Choice Category' and NerdWallet review confirming no annual fee)
• 3% cash back in one choice category that the cardholder selects, with the ability to change the category each calendar month, choosing from six options: gas stations, office supply stores, travel, TV / telecom / wireless services, computer services, or business consulting services (per Bank of America product page and NerdWallet review listing all six 3% choice categories; the choice can be changed once per calendar month through Online Banking, and if not changed it defaults to the prior selection, originally defaulting to gas stations for new accounts)
• 2% cash back on dining purchases at restaurants and eligible dining merchants (per Bank of America product page meta description '3% cash back in the category of your choice, 2% on dining and unlimited 1% on all other purchases' and NerdWallet review)
• Unlimited 1% cash back on all other purchases with no cap and no expiration as long as the account is open and in good standing (per Bank of America product page and NerdWallet review)
• $50,000 combined annual cap on the 3% choice-category and 2% dining bonus rates: cardholders earn the elevated 3% and 2% rates on the first $50,000 in combined choice-category and dining purchases each calendar year, then 1% on those categories for the remainder of the calendar year (per NerdWallet review quoting '3% and 2% rates are good on up to $50,000 in combined choice category/dining purchases each calendar year'; the cap is calendar-year not quarterly, contrary to the user-supplied assumption to verify)
• Cash back is earned at a 1:1 redemption value with no minimum to redeem, and rewards can be redeemed as a statement credit against the card balance, as a deposit into a Bank of America checking or savings account, or as a credit to an eligible Merrill investment account (per Bank of America business cash rewards product page and NerdWallet review)
• Cash back rewards do not expire as long as the account remains open and in good standing (per Bank of America business cash rewards product page)
• 0% intro APR on Purchases for the first 7 billing cycles from account opening, then a variable Purchase APR currently ranging from 16.74% to 26.74% based on creditworthiness (per NerdWallet review quoting Bank of America's published terms; this 0% intro Purchase APR is shorter than the 12-cycle intro on the consumer Customized Cash Rewards card and there is no 0% intro APR on balance transfers on this business product)
• Preferred Rewards for Business program 25% / 50% / 75% rewards bonus on cash back earned with the card based on combined eligible business deposit and Merrill investment balances: Gold tier ($20,000 - $50,000 combined balance) earns a 25% bonus (3.75% choice category / 2.5% dining / 1.25% other), Platinum tier ($50,000 - $100,000) earns a 50% bonus (4.5% / 3% / 1.5%), and Platinum Honors tier ($100,000+) earns a 75% bonus (5.25% / 3.5% / 1.75%) (per NerdWallet review confirming all three bonus multipliers and the $20,000 entry threshold; this is the same Preferred Rewards for Business uplift that applies across the BoA business credit card line)
• Free additional employee cards: cardholders can add employee cards at no additional cost, with the ability to set individual spending limits per employee and earn rewards on all employee card purchases pooled into the primary account (per Bank of America business cash rewards product page standard issuer feature on the BoA business credit card line)
• Foreign transaction fee: 3% of the U.S. dollar amount of each transaction made outside the United States, including online purchases from foreign merchants (per NerdWallet review explicitly listing '3% of transaction amount' foreign transaction fee; this is materially worse than no-FX business cards and means the user-supplied assumption 'no FX fee verify' is incorrect)
• Mastercard Business card network designation: this is a Mastercard product (the consumer Customized Cash Rewards is a Visa, but the business version 'Cash Rewards for Business Mastercard' is on the Mastercard network) which provides access to Mastercard's business benefit suite including Mastercard Easy Savings automatic discounts at participating merchants, Mastercard Global Service emergency card replacement and cash advance, and Mastercard ID Theft Protection (per Bank of America product page meta keyword 'cash rewards for business mastercard' and Mastercard Business network reference)
• Mastercard ID Theft Protection: complimentary identity monitoring, resolution services, and 24/7 emergency support for U.S. cardholders, included as a Mastercard Business benefit at no additional cost on this card (per Mastercard Business network reference)
• Mastercard Easy Savings: automatic statement-credit discounts at thousands of participating business merchants (including select fuel, hotel, and shipping vendors) for cardholders enrolled in the program; rebates post automatically after qualifying purchases with no coupons required (per Mastercard Business network reference)
• Mastercard Global Service: 24/7 customer assistance for emergency card replacement, emergency cash advance, and lost / stolen card reporting worldwide, included as a Mastercard network benefit (per Mastercard Business network reference)
• Account integration with Bank of America business banking, Business Advantage 360 online and mobile banking, QuickBooks data download in CSV / IIF / OFX format, custom employee spend limits, and account-level alerts (per Bank of America business cash rewards product page standard business platform features)
• Online and mobile account management: cardholders can change the 3% choice category, view rewards balance, redeem rewards, and view employee card activity through the Bank of America mobile app and Business Advantage 360 web portal (per Bank of America product page standard digital servicing for BoA business cards)
• Reports business card activity to commercial credit bureaus (Dun & Bradstreet, Experian Business, SBFE) and typically does not report to personal credit bureaus under normal repayment (per Bank of America business credit card line standard practice)
• Bank of America 2/3/4 application rule applies on the personal side and a separate informal limit applies on the business side: BoA has historically limited applicants to roughly 1 new business card per rolling 30 to 90 days and looks at total BoA exposure when underwriting; business card approvals also typically do not count against the personal-side 2/3/4 limits (per Doctor of Credit and One Mile at a Time application rule references for BoA cards)
• Cell phone protection: Not offered on the Business Advantage Cash Rewards Mastercard (Bank of America does not list cell phone protection on the product page for this card; BoA's only cards with cell phone protection are the consumer Customized Cash Rewards / Unlimited Cash Rewards / Premium Rewards Visa products, not the business cash rewards Mastercard)
• Purchase protection and extended warranty: Not advertised as cardholder benefits on the Business Advantage Cash Rewards Mastercard (Bank of America does not list purchase protection or extended warranty in the product features for this business card; if any baseline coverage exists it would only be the issuer-optional Mastercard network default at Bank of America's discretion, which BoA has not advertised on this product)
• Travel insurance (trip cancellation, trip interruption, trip delay, baggage delay, lost luggage, travel accident): Not offered as advertised cardholder benefits on the Business Advantage Cash Rewards Mastercard (Bank of America does not list any travel insurance coverage on the product page; cardholders seeking BoA business travel insurance should look at the Business Advantage Travel Rewards World Mastercard or Business Advantage Unlimited Cash Rewards instead)
• Auto rental collision damage waiver: Not advertised as a cardholder benefit on the Business Advantage Cash Rewards Mastercard (Bank of America does not list an auto rental CDW on the product page for this card; if any baseline coverage exists it would only be the Mastercard network default at BoA's discretion, but BoA has not advertised it on this product)
• Airport lounge access: Not offered (the card includes no Priority Pass membership, no day passes, no LoungeKey access, and no domestic airline lounge benefits; lounge access is reserved for premium BoA products like the Business Advantage Unlimited Cash Rewards Premium tier or the personal-side Premium Rewards Elite)
• Global Entry / TSA PreCheck / NEXUS application fee credit: Not offered on the Business Advantage Cash Rewards Mastercard (Bank of America does not provide a Global Entry / PreCheck statement credit on this $0 annual fee business card; this benefit is reserved for higher-tier BoA business cards like the Business Advantage Travel Rewards World Mastercard)
• Annual statement credits (airline fee credits, hotel credits, software credits, wireless credits): Not offered (the card has no recurring statement credit benefits; all value is delivered through the cash back earn structure and Preferred Rewards bonus)
• Anniversary points / cash back bonus: Not offered (there is no anniversary cash back boost, no fixed-spend milestone bonus, and no upgrade certificate benefit on this card)
• Concierge service: Not advertised on this card (Mastercard Business concierge / travel services are not marketed on the Bank of America product page for the Business Advantage Cash Rewards Mastercard; cardholders relying on concierge benefits should use a higher Mastercard tier product)
• Transfer partners or point-to-mile conversions: Not applicable / Not offered (this is a fixed-value cash back card; cash back cannot be converted to airline miles, hotel points, or any transferable points program)