Bank of America® Business Advantage Customized Cash Rewards Credit Card Review for 2023
This article is part of a larger series onBest Small Business Credit Cards.
Bank of America® Business Advantage Customized Cash Rewards is a no-annual-fee credit card designed for business owners with strong banking relationships with Bank of America. You can earn up to 75% more cash back on every purchase if you have an existingBank of America business checking accountand qualify for the highest Preferred Rewards for Business tier.
如果你想比较一辆车d over another, select a maximum of three cards on this page and clickAdd to compareto view the details in a side-by-side comparison.
Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card
BEST FOR:
Those wanting to earn 3% cash back in a spending category of your choice
9 billing cycles
- 获得300美元的信贷在线声明之后at least $3,000 in purchases in the first 90 days of your account opening.
- Earn 3% cash back in the category of your choice: gas stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services, 2% cash back on dining purchases and 1% cash back on all other purchases.
- You'll earn 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
- You can earn up to 75% more cash back on every purchase, if you have a business checking account with Bank of America and qualify for our highest Preferred Rewards for Business tier. That means you could earn up to 5.25% cash back in your selected choice category and up to 3.5% cash back on dining purchases on the first $50,000 in those combined purchases each calendar year, and up to an unlimited 1.75% cash back on all other purchases.
- No annual fee
- Choose how to redeem your cash rewards-as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you. Cash rewards don’t expire.
- To change your choice category for future purchases, you must go to the Mobile Banking app or Business Advantage 360, our small business online banking. You can change it once each calendar month, or make no change and it stays the same.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.24% to 28.24% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- Offers flexible redemption options
- Doesn’t charge annual fees
- With sign-up bonus
Cons
- Premium cash back rewards are capped on a selected spending category
- Charges foreign transaction fees
- Short introductory APR period
- Access to a business credit score:Bank of America lets you view and monitor your Dun & Bradstreet business credit score for free through Business Advantage 360.
- Zero liability protection:Stay protected against unauthorized transactions. Bank of America offers additional protections that cover certain purchases against loss, damage, theft, or fire and provides extended warranty coverage.
- Fraud monitoring:Bank of America will block potential fraud if it detects abnormal patterns in your transactions. It’ll also notify you if it suspects any fraudulent activity.
9 billing cycles
- 获得300美元的信贷在线声明之后at least $3,000 in purchases in the first 90 days of your account opening.
- Earn 3% cash back in the category of your choice: gas stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services, 2% cash back on dining purchases and 1% cash back on all other purchases.
- You'll earn 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
- You can earn up to 75% more cash back on every purchase, if you have a business checking account with Bank of America and qualify for our highest Preferred Rewards for Business tier. That means you could earn up to 5.25% cash back in your selected choice category and up to 3.5% cash back on dining purchases on the first $50,000 in those combined purchases each calendar year, and up to an unlimited 1.75% cash back on all other purchases.
- No annual fee
- Choose how to redeem your cash rewards-as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you. Cash rewards don’t expire.
- To change your choice category for future purchases, you must go to the Mobile Banking app or Business Advantage 360, our small business online banking. You can change it once each calendar month, or make no change and it stays the same.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.24% to 28.24% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- Offers flexible redemption options
- Doesn’t charge annual fees
- With sign-up bonus
Cons
- Premium cash back rewards are capped on a selected spending category
- Charges foreign transaction fees
- Short introductory APR period
- Access to a business credit score:Bank of America lets you view and monitor your Dun & Bradstreet business credit score for free through Business Advantage 360.
- Zero liability protection:Stay protected against unauthorized transactions. Bank of America offers additional protections that cover certain purchases against loss, damage, theft, or fire and provides extended warranty coverage.
- Fraud monitoring:Bank of America will block potential fraud if it detects abnormal patterns in your transactions. It’ll also notify you if it suspects any fraudulent activity.
When grading cash back business credit cards like the Bank of America® Business Advantage Customized Cash Rewards, we first consider the ongoing and introductory rewards. We also take into account the annual fee, introductory and ongoing annual percentage rates (APRs), and other card benefits.
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Who the Bank of America® Business Advantage Customized Cash Rewards World Credit Card Is Best For
- Those who want to maximize bonus rewards:Bank of America gives you the option to choose the spending category where you can earn 3% cash back: gas stations (default), office supply stores, travel, TV/telecom and wireless, computer services, or business consulting services.
- Those who want flexible redemption options:You can redeem your cash back as a deposit to your Bank of America checking or savings account, as a card statement credit, or as a check by mail.
- Those with existing accounts with Bank of America:Your cash back may increase if you have an existing checking account with Bank of America. You can earn up to 75% more cash back on every purchase made with this business credit card.
If this doesn’t fit your needs, seeour recommended alternativesbelow.
Bank of America® Business Advantage Customized Cash Rewards Credit Card Fees
4月
- Introductory:0% Introductory APR on purchases for your first 9 billing cycles.
- Ongoing and balance transfer: 18.24% – 28.24% Variable APR on purchases and balance transfers
- Cash advance: 29.24% Variable APR for Cash Advances and Convenience Checks
- Penalty:None
Fees
- Annual:None
- Balance transfer and cash advance: 4% of the amount of each transaction
- International transaction:3% of the United States dollar amount of each transaction
- Late payment:
- $19if balance is less than or equal to $100
- $29if $100.01 to $1,000
- $39if $1,000.01 to $5,000
- $49if greater than $5,000
Your due date is at least 25 days after the close of each billing cycle.
Bank of America® Business Advantage Customized Cash Rewards Credit Card Rewards
- $300 statement creditafter spending at least $3,000 in net purchases within 90 days of opening an account –plus you’re in charge of how you earn cash back.
- 3% cash backon the category of your choice and 2% cash back on dining purchases on the first $50,000 in combined choice category/dining purchases each calendar year, then 1% cash back after meeting the cap
- 1% cash backon all other purchases
These are the categories where you can earn 3% cash back:
- Gas stations (default)
- Office supply stores
- Travel
- TV/telecom and wireless
- Computer services
- Business consulting services
If you have a checking account with Bank of America and qualify for its Preferred Rewards for Business tier, you can earn up to 75% more cash back on every purchase compared to what’s above. This would mean up to:
- Up to 5.25% on selected choice categories and up to 3.5% on dining purchases on the first $50,000 in those combined purchases each calendar year
- Up to an unlimited 1.75% cash back on all other purchases
You can redeem your cash back as a deposit to your Bank of America checking or savings account as an automatic credit to your bill or via check by mail. Rewards do not expire.
How To Make Payments in the Bank of America® Business Advantage Customized Cash Rewards Credit Card
- Bank of America® mobile app: Log in to the app, available for bothiOSandAndroidusers, select your business credit card, then click “Make a payment.”
- Phone:Call (800) 236-6497 and follow the prompts. There’s no fee to make a payment by phone.
- Financial center or ATM:Drop off your payment at any Bank of America financial center or an ATMnear you.
- Online:Log in toBank of America’s Online Banking site, select the “Bill Pay” tab, and then follow the prompts.
- Mail:Pay using the following address:
Business Card Payments
Bank of America Business Card
PO Box 15710
Wilmington, DE 19850-5710
Bank of America® Business Advantage Customized Cash Rewards Credit Card Additional Features
- Access to a Business Credit Score:Bank of America lets you view and monitor your Dun & Bradstreet business credit score for free through Business Advantage 360.
- Balance Connect®:This helps prevent declined purchases, returned checks, or other overdrafts when you link your Bank of America® Business Advantage Customized Cash Rewards to a Bank of America business checking account for overdraft protection.
- Zero liability protection:Stay protected against unauthorized transactions. Bank of America offers additional protections that cover certain purchases against loss, damage, theft, or fire and provides extended warranty coverage.
- Fraud monitoring:Bank of America will block potential fraud if it detects abnormal patterns in your transactions. It’ll also notify you if it suspects any fraudulent activity.
Bank of America® Business Advantage Customized Cash Rewards Credit Card Alternatives
Chase Ink Business Cash®
- Chase Ink Business Cash®is an excellent alternative if you want better rewards for office supplies, internet, cable, and phone services and if you want an extended interest-free financing period
- Lets you earn 5% cash back on the first $25,000 spent in combined purchases in these categories, then 1% after the cap is met
- Has a 0% introductory APR on purchases for the first 12 billing cycles
- Is our top pick for the bestlimited liability company (LLC) credit cards,credit cards for nonprofits, andbusiness credit cards for startups
Bank of America®Business Advantage Unlimited Cash Rewards
Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card
BEST FOR:
Those with an existing business checking account with Bank of America
9 billing cycles
- 获得300美元的信贷在线声明之后at least $3,000 in purchases in the first 90 days of your account opening.
- Earn unlimited 1.5% cash back on all purchases.
- No annual cap and cash rewards don’t expire.
- No annual fee.
- You can earn up to 75% more cash back on every purchase, if you have a business checking account with Bank of America and qualify for our highest Preferred Rewards for Business tier. That means you could earn up to an unlimited 2.62% cash back on all purchases.
- Choose how to redeem your cash rewards – as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.24% to 28.24% will apply.
- Contactless Cards - the security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- Doesn’t charge annual fees
- Flexible redemption options
- With sign-up bonus
- With 0% introductory APR on purchases
Cons
- 0% introductory APR isn’t applicable to balance transfers
- With foreign transaction fees
- Access to a business credit score:Bank of America lets you view and monitor your Dun & Bradstreet business credit score for free through Business Advantage 360.
- Balance Connect®:This helps prevent declined purchases, returned checks, or other overdrafts when you link your Bank of America® Business Advantage Unlimited Cash Rewards to a Bank of America business checking account for overdraft protection.
- Fraud monitoring:Bank of America will block potential fraud if it detects abnormal patterns in your transactions. It’ll also notify you if it suspects any fraudulent activity.
- Zero liability protection:Stay protected against unauthorized transactions. Bank of America offers additional protections that cover certain purchases against loss, damage, theft, or fire and provides extended warranty coverage.
9 billing cycles
- 获得300美元的信贷在线声明之后at least $3,000 in purchases in the first 90 days of your account opening.
- Earn unlimited 1.5% cash back on all purchases.
- No annual cap and cash rewards don’t expire.
- No annual fee.
- You can earn up to 75% more cash back on every purchase, if you have a business checking account with Bank of America and qualify for our highest Preferred Rewards for Business tier. That means you could earn up to an unlimited 2.62% cash back on all purchases.
- Choose how to redeem your cash rewards – as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.24% to 28.24% will apply.
- Contactless Cards - the security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- Doesn’t charge annual fees
- Flexible redemption options
- With sign-up bonus
- With 0% introductory APR on purchases
Cons
- 0% introductory APR isn’t applicable to balance transfers
- With foreign transaction fees
- Access to a business credit score:Bank of America lets you view and monitor your Dun & Bradstreet business credit score for free through Business Advantage 360.
- Balance Connect®:This helps prevent declined purchases, returned checks, or other overdrafts when you link your Bank of America® Business Advantage Unlimited Cash Rewards to a Bank of America business checking account for overdraft protection.
- Fraud monitoring:Bank of America will block potential fraud if it detects abnormal patterns in your transactions. It’ll also notify you if it suspects any fraudulent activity.
- Zero liability protection:Stay protected against unauthorized transactions. Bank of America offers additional protections that cover certain purchases against loss, damage, theft, or fire and provides extended warranty coverage.
- Bank of America®Business Advantage Unlimited Cash Rewardsis a viable option if you want a Bank of America®商业信用卡让你赚取无限的,fixed-rate cash back rewards
- Allows you to earn unlimited 1.5% cash back rewards on all purchases, regardless of spending categories.
- Has a 0% introductory APR on purchases for the first nine billing cycles
- Doesn’t charge annual fees
- Is one of our top-recommendedbusiness credit cards for nonprofitsandbusiness credit cards for real estate agents
American Express Blue Business CashTM
American Express Blue Business Cash™ Card
BEST FOR:
Those who want better cash back rewards
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 18.24% - 26.24%, based on your creditworthiness and other factors as determined at the time of account opening.
- No Annual Fee
- Terms Apply
Pros
- 0% intro APR
- Welcome bonus
- Fixed rate rewards
- No annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power:Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
- Car rental loss and damage insurance:As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter.
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 18.24% - 26.24%, based on your creditworthiness and other factors as determined at the time of account opening.
- No Annual Fee
- Terms Apply
Pros
- 0% intro APR
- Welcome bonus
- Fixed rate rewards
- No annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power:Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
- Car rental loss and damage insurance:As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter.
- American Express Blue Business CashTMis an excellent card if you need to spend beyond your credit limit when needed
- 功能扩展的购买力,这允许您spend above your credit limit, and it is adjusted based on your credit card usage, payment history, credit record, financial resources, and other factors
- Has a 0% introductory APR on purchases for the first 12 billing cycles
- Lets you earn 2% cash back on all eligible purchases up to $50,000 per calendar year, then 1% cash back when the $50,000 cap is met
- Is ourleading cash back business credit cardand one of our preferredsmall business credit cards
For more options, see our guides on thebest Bank of America business credit cardsandtop-recommended small business credit cards.
Bottom Line
Bank of America®Business Advantage Customized Cash Rewards is an excellent cash back credit card for business owners with existing Bank of America accounts and those wanting to maximize bonus rewards and needing flexible redemption options. It lets you earn 3% cash back on the category of your choice and 2% cash back on dining for the first $50,000 in combined choice category/dining purchases each calendar year. However, premium rewards are capped on selected categories, and other business credit cards offer a longer 0% introductory period.