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Bank of America Business Advantage Cash Rewards MastercardĀ® Review

Business Advantage Cash Rewards MastercardĀ® from Bank of America ā€” all information about the credit card.

Updated October 23, 2023
Advertiser Disclosure Our Methodology
Business Advantage Cash Rewards MastercardĀ® Bank of America
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Our Rating:
4.59 out of 5
scorer
Recommended credit score
Excellent (740-799)
  • Rewards Rate:
    • 3% Cash Back in the category of your choice. You'll earn 2% and 3% Cash Back on up to $50,000 in combined purchases in those categories each calendar year, then 1% thereafter.
    • 2% Cash Back on dining.
    • 1% Cash Back on all other purchases.
  • Intro Offer:
    • $300 Get a $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening.
  • Annual Fee:
    $0
  • Purchase Intro APR:
    0% Introductory APR for the first 9 billing cycles following the opening of your account
  • Regular APR:
    18.49% - 28.49% Variable
  • Balance Transfer APR:
    18.49% - 28.49% Variable
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Bank of America Business Advantage Cash Rewards MastercardĀ® Rewards Calculator

How do you record your expenses?
Enter your monthly spendings on:
3%
Rotating categories
$
2%
Dining
$
1%
All other purchases
$
Have you already recieved the Bank of America intro bonus?
Calculate
Show less details

All benefits

  • Cash back
    • 3% On one select category.
    • 2% On dining.
    • 1% On all other purchases.
  • Travel
    • Travel and Emergency Services:
    • Travel services your business needs including $100,000 in travel accident insurance and auto rental insurance, emergency ticket replacement, lostā€“luggage assistance and the option to get extended protection.

Rate and fee information

  • Purchase Intro APR
    • 0% Introductory APR for the first 9 billing cycles following the opening of your account
  • Purchase APR
    • 18.49% - 28.49% Variable
  • Intro Balance Transfer APR
    • None
  • Balance Transfers APR
    • 18.49% - 28.49% Variable
  • APR for Cash Advances
    • 29.49% Variable
  • How to Avoid Paying Interest
    • Your due date is at least 25 days from your statement Closing Date. If you pay your entire balance in full by the due date each month, you will not be charged any interest on purchases.

Fees

  • Annual Fee
    • $0
  • Fees for Balance Transfer
    • 4% of the amount of each transaction
  • Fees for Cash Advances
    • 4% of the amount of each transaction
  • Late Payment
    • $19 if balance less than or equal to $100; $29 if $100.01 - $1,000; $39 if $1,000.01 - $5,000; $49 if greater than $5,000
View all Rates & Fees

Pros & Cons

Pros:
  • No Annual Fee
  • Intro APR period on purchases
  • High rewards rate
Cons:
  • Foreign Transaction Fee

Features

Classic
Mastercard
Contactless
  • 0% Intro APR
  • No Annual Fee
  • Cashback
  • Payment Flexibility
  • Fraud Protection
  • Rewards
  • Purchase Protection
  • Travel
  • Airline
  • Auto Rental Insurance
  • Excellent Credit

About the issuer

Bank of America
Bank of America has several card types depending on your needs.
Manage your Account & Pay your Bill
You can usually pay your bill online on your

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See Another Credit Cards in the Bank

Bank of America Business Advantage Cash Rewards MastercardĀ® is an option for those, who need Classic features. With an APR of 18.49% - 28.49% and $0 annual fee this credit card can easily cover your simple everyday demands. For high approval odds you need to have Excellent (740-799) credit score. With Bank of America Business Advantage Cash Rewards MastercardĀ® you will get such features as 0% Intro APR, No Annual Fee, Cashback, etc. To make sure about either this credit card is good for you or not compare it with other cards with similar features.

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