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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
Purchase APR  (Variable APR) 14.24% - 24.24%
Balance Transfer APR  (Variable APR) 14.24% - 24.24%
Credit Score Range 800 - 850
Annual Fee $0

Bank of America Business Advantage Cash Rewards Review

Bank of America Business Advantage Cash Rewards FAQ

Who is Bank of America Business Advantage Cash Rewards designed for?

Bank of America Business Advantage Cash Rewards is a credit card issued by Bank of America. 

This card is designed for businesses with exceptional credit. The minimum credit score to apply is 800.

What are the relevant APRs for Bank of America Business Advantage Cash Rewards?

Bank of America Business Advantage Cash Rewards has a variable purchase APR that ranges from 14.24% up to 24.24% . The card has a variable balance transfer APR that ranges from 14.24% up to 24.24% .

It also has a variable cash advance APR starting at 26.24% .

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

Does Bank of America Business Advantage Cash Rewards have an introductory APR offer?

No, Bank of America Business Advantage Cash Rewards does not come with an introductory APR offer for balance transfers.

This card does offer an introductory APR rate on new purchases of 0%

Bank of America Business Advantage Cash Rewards Rates & Terms
Purchase APR 14.24% - 24.24%
Balance Transfer APR 14.24% - 24.24%
Cash Advance APR Starting at 26.24%
Penalty APR 0%

What are the Bank of America Business Advantage Cash Rewards fees?

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

  • There is no annual fee.
  • A late payment penalty of up to $49.
  • A returned payment fee of up to $39.

Does Bank of America Business Advantage Cash Rewards have a foreign transaction fee?

Bank of America Business Advantage Cash Rewards charges a foreign transaction fee of 3%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $60. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge a foreign transaction fee.

Bank of America Business Advantage Cash Rewards Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 3%
Returned Payment Fee $39
Late Payment Fee $19 to $49

Is there a Bank of America Business Advantage Cash Rewards cash back or rewards program?

Bank of America Business Advantage Cash Rewards offers a rewards program to its customers. The rewards program allows you to earn cash with every purchase you make. This card offers rewards to businesses that use the card to make purchses in the following categories:

  • Advertising Services
  • Internet, Cable, Phone
  • Every Purchase
  • Gas
  • Office Supplies
  • Restaurants

Does Bank of America Business Advantage Cash Rewards have a signup bonus?

Yes, Bank of America Business Advantage Cash Rewards offers card users a signup bonus worth up to $300 after spending $3000.

Does Bank of America Business Advantage Cash Rewards offer an annual loyalty bonus?

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

What are the Bank of America Business Advantage Cash Rewards benefits?

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

  • No blackout dates when redeeming miles
  • Reports to major credit bureaus

Does Bank of America Business Advantage Cash Rewards report your account activity to credit bureaus?

Bank of America Business Advantage Cash Rewards reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit.

How to apply for Bank of America Business Advantage Cash Rewards

  • Visit the Bank of America .
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
  • Check the information is accurate and submit your application.
  • If you're denied click here to find out why your application may have been rejected and what you can do about it.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Feature Breakdown

Annual Fee $0
No Annual Fee  
No Interest Grace Period for Late Payment 25 days
Cash Advance Fee (%) Starting at 4%
Cash Advance Fee Minimum $10
Foreign Currency Transaction Fee 3%
Late Fee Amount $19 - $49
Minimum Cash Advance Fee ($) Starting at $10
Minimum Interest Charge $1
Returned Payment Fee $39
Customer Type Business
Minimum Age 18
Credit Score Range 800 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Emergency Support
  • Extended Warranty Protection
  • Fraud Liability
  • Free Credit Score
  • Travel Accident Insurance
  • Travel Assistance
  • Auto Rental Collision Damage Waiver
All Other Purchases Earn unlimited 1% cash back on all other purchases
Bonus Rewards Get a $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening
No Blackout Dates  
Rewards Categories
  • Advertising Services
  • Every Purchase
  • Gas
  • Internet / Cable / Phone Services
  • Office Supplies
  • Restaurants
Signup Bonus $300
Cash Advance APR (Variable APR) Starting at 26.24%
Penalty APR (Variable APR) 0%
Purchase APR (Variable APR) 14.24% - 24.24%
Balance Transfer APR (Variable APR) 14.24% - 24.24%
Card Network Mastercard
Card Type
  • Rewards
  • Cashback
  • Bonus Offers
  • Zero Percent
  • Gas

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