Bank of America Business Advantage Customized Cash Rewards
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Affiliate link, we may earn a commission. Terms, rates, and sign-up bonuses are set by the issuer and can change. See the issuer site and our advertiser disclosure.
View OfferImportant considerations
- Charges foreign transaction fees
This card adds a foreign transaction fee on purchases made outside the United States, so it is a poor fit for spending abroad. Carry a no foreign transaction fee card for international trips.
Earning rates
4- 3%gas
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%dining
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)
- 1%everything else
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)
- dining
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)
Statement credits
1- Cash back is earned at a 1
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)
Perks & memberships
3- Authorized usersFree 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)
- Card networkMastercard 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)
- Authorized usersOnline 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)
Travel & purchase protections
2- 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)
More benefits & fine print (5)ShowHide
- $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 rewards do not expire as long as the account remains open and in good standing (per Bank of America business cash rewards product page)
- 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 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)
- 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)
Before you decide, weigh alternatives
This is already one of the lower-fee cards in its category. Compare it side by side to confirm it is the right fit for how you spend.
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