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  Bank of America Business Advantage Cash Rewards

Bank of America Business Advantage Cash Rewards

in Business Credit Cards from Bank of America

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Bank of America Business Advantage Cash Rewards

Unaffiliated

in Business Credit Cards from Bank of America

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Highlights
Highlights
Annual Fee $0
Purchase APR (Variable APR) 13.49% - 23.49%
Balance Transfer APR (Variable APR) 13.49% - 23.49%
Credit Score Range 800 - 850

Overview

Who is this credit card designed for?

Bank of America Business Advantage Cash Rewards is a a charge card card issued by Bank of America, which is based in Charlotte, NC.

Bank of America Business Advantage Cash Rewards is designed for small business owners with a credit score of 800 to 850. It's perfect for consumers looking for a card without an annual fee. It is also designed for people who want a cashback rewards program. This card allows you to earn cash on the purchases you make. A rewards program is included that allows you to convert your purchases into travel, gifts, and other perks.

This card supports balance transfers, which is an attractive feature if you have credit card debt and would like to transfer it to a card with a lower APR.

What are the relevant APRs?

Bank of America Business Advantage Cash Rewards is a charge card and therefore doesn't have interest charges. You must pay your balance in full every month.

The card has a variable balance transfer APR that ranges from 13.49% up to 23.49%.

It also has a variable cash advance APR starting at 26.49%.

The good news is this card does not charge a penalty APR if you are late on a payment.

Is an introductory APR offer available?

Yes, Bank of America Business Advantage Cash Rewards offers an introductory APR rate of 0%.

What are the fees?

The following fees apply to Bank of America Business Advantage Cash Rewards:

  • A late payment penalty of up to $49.
  • A returned payment fee of up to $39.
  • A foreign transaction fee of 3%. Transactions in a foreign currency get hit with a 3% commission. For example, if you buy a $1,000 flight in euros, you will pay a foreign transaction fee of $30.

Is a rewards program offered?

Bank of America Business Advantage Cash Rewards offers a rewards program to its customers. The rewards program allows you to earn cash with every business purchase you make. This business card features rewards for purchases in the following categories:

  • Every Purchase
  • Gas
  • Office Supplies
  • Restaurants

Is a signup bonus offered?

Yes, Bank of America Business Advantage Cash Rewards offers card users a signup bonus worth up to $200 after spending $500.

Is an annual loyalty bonus offered?

Bank of America Business Advantage Cash Rewards doesn't offer a cash loyalty bonus.

What additional benefits are offered?

Bank of America Business Advantage Cash Rewards provides the following benefits:

  • Car rental insurance
  • Emergency support
  • Extended warranty
  • Fraud liability
  • Lost luggage insurance
  • Travel insurance
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Feature Breakdown

Grace Period for Late Payment (Days) 25
Annual Fee $0
No Annual Fee  
Returned Payment Fee Up to $39
Minimum Interest Charge $1
Late Fee Amount $19 - $49
Cash Advance Fee ($) Starting at $10
Cash Advance Fee (%) Starting at 4%
Cash Advance Fee Minimum $10
Foreign Currency Transaction Fee 3%
Minimum Age 18
Credit Score Range 800 - 850
Customer Type Business
Car Rental Insurance  
Extended Warranty  
Fraud Liability  
Travel Insurance  
Emergency Support  
Lost Luggage Insurance  
Credit Card Benefits
  • Emergency Support
  • Extended Warranty Protection
  • Fraud Liability
  • Free Credit Score
  • Travel Accident Insurance
  • Travel Assistance
All Other Purchases 1% cash back on purchases
Every Purchase 2% on purchases at restaurants 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)
Rewards Categories
  • Every Purchase
  • Gas
  • Office Supplies
  • Restaurants
Signup Bonus $200
Purchase APR (Variable APR) 13.49% - 23.49%
Cash Advance APR (Variable APR) Starting at 26.49%
Penalty APR 0%
Introductory Rate 0%
Balance Transfer APR (Variable APR) 13.49% - 23.49%
Introductory Rate 0%

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Annual Fee $0 Annual Fee
Purchase APR 13.49% - 23.49%
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