Last Updated: 04/18/2025
Business Advantage Cash Rewards Credit Card
Unaffiliated
from Bank of America
Last Updated: 04/18/2025
Not enough votes for recommendation
Rating not yet determined3 total votes
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Highlights
Purchase APR (Variable APR)
12.24% - 22.24%(Verified 06/21/2024)
Disclaimer popup with additional information
Balance Transfer APR (Variable APR)
12.24% - 22.24%(Verified 06/21/2024)
Disclaimer popup with additional information
Annual Fee
$0
Credit Score Range
650 - 850
Business Advantage Cash Rewards Credit Card Review
This is a cashback card issued by Bank of America. If you're wondering whether Business Advantage Cash Rewards Credit Card is the right card for you, read on.
Key Takeaways
- Business credit card with generous reward rate. You can get a rewards rate of up to 3x.
- 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases.
- Signup bonus. Offers a signup bonus of up to $300.
- APRs: Business Advantage Cash Rewards Credit Card has a variable regular purchase APR that ranges from 12.24% up to 22.24%.
- No annual fee. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback on your eligible purchases, but you don't have to pay an annual fee for the privilege.
- A 4% balance transfer fee. Business Advantage Cash Rewards Credit Card charges a fee of 4% on balance transfers. For example, a balance of $1,000 could cost $40 in transfer fees. The minimum fee is $10.
- Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of up to 3% every time you make a transaction outside the U.S.
- Multiple business credit card benefits. Includes generous credit card perks, such as Auto Rental Collision Damage Waiver, emergency support, travel accident insurance, travel assistance, and fraud protection.
- Fair or better credit required. You will have good approval odds if you have a fair credit score or better.
Pros & Cons of Bank of America business Advantage Cash Rewards
| The Good | The Bad |
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What are the relevant APRs?
This business credit card has a variable purchase APR that ranges from 12.24% up to 22.24% . The card has a variable balance transfer APR that ranges from 12.24% up to 22.24% .
It also has a variable cash advance APR of 24.24%.
The good news is this business card does not charge a penalty APR if you are late on a payment.
Does it have an introductory APR offer?
No, this business card does not come with an introductory APR offer for balance transfers.
This business card does offer an introductory APR rate on new purchases of 0%
| Purchase APR | 12.24% - 22.24% |
| Balance Transfer APR | 12.24% - 22.24% |
| Cash Advance APR | 24.24% |
| Penalty APR | 0% |
What fees does it charge?
The following fees apply to this business credit card:
- There is no annual fee.
- A late payment penalty of up to $49 .
- A returned payment fee of $39.
Does it charge a foreign transaction fee?
This business card 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 business card at home and apply for one that doesn't charge a foreign transaction fee.
| Fees | Amount |
| Annual Fee | $0 |
| Foreign Transaction Fee | 3% |
| Balance Transfer Fee | 4% |
| Minimum Balance Transfer Fee | $10 |
| Returned Payment Fee | $39 |
| Late Payment Fee | $19 to $49 |
Does it offer a cash back or rewards program?
Yes, 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 business card offers rewards to small business owners that use the card to make purchases in the following bonus categories:
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| No Blackout Dates? | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Welcome Offer | Starting at $300 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Rewards Categories |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Rewards Type | Cash Back | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Reward Rates | 3 - 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
- Advertising Services
- Internet, Cable and Phone Services
- Every Purchase
- Gas stations
- Office Supply Stores
- Restaurants
Does it have a sign up bonus?
Yes, it offers card users a signup bonus worth up to $300 .
Does it offer an annual loyalty bonus?
This business card doesn't offer a cash loyalty bonus.
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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.
Message from Bank of America business Advantage Cash Rewards
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Purchase APR
16.49% - 27.49%
Disclaimer popup with additional information
Balance Transfer APR
16.49% - 27.49%
Disclaimer popup with additional information
Annual Fee
$0
Disclaimer popup with additional information
Credit Score Range
600 - 850
300
850
Rating not yet determined
Purchase APR
21.24% - 29.24%
Disclaimer popup with additional information
Balance Transfer APR
21.24% - 29.24%
Disclaimer popup with additional information
Annual Fee
$50
Disclaimer popup with additional information
Credit Score Range
650 - 850
300
850
Rating not yet determined
Purchase APR
18.49% - 28.49%
Disclaimer popup with additional information
Balance Transfer APR
18.49% - 28.49%
Disclaimer popup with additional information
Annual Fee
$0
Disclaimer popup with additional information
Credit Score Range
650 - 850
300
850
Purchase APR
18.49% - 28.49%
Disclaimer popup with additional information
Balance Transfer APR
18.49% - 28.49%
Disclaimer popup with additional information
Annual Fee
$0
Disclaimer popup with additional information
Credit Score Range
N/A
Rating not yet determined
Purchase APR
18.49% - 28.49%
Disclaimer popup with additional information
Balance Transfer APR
18.49% - 28.49%
Disclaimer popup with additional information
Annual Fee
$0
Disclaimer popup with additional information
Credit Score Range
650 - 850
300
850
Rating not yet determined
Purchase APR
27.99%
Disclaimer popup with additional information
Balance Transfer APR
27.99%
Disclaimer popup with additional information
Annual Fee
$29 - $49
Credit Score Range
N/A
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Business Advantage Cash Rewards Credit Card Community Reviews
Would you recommend Business Advantage Cash Rewards Credit Card to your friends?
IG
Ian G.
Feb 22, 2022
May or may not recommend
I have the card but nearly never use it because the rewards are not very impressive. I also found that the customer service with Bank of America is not good at all. I needed to get a simple check sent to me and they gave me the runaround. I went to a branch and it was full of people with masks on. I left right away.
ID
Imran D.
Nov 6, 2020
May or may not recommend
I recently thought of taking a small loan in order to buy me a laptop which I so badly needed as an online freelancer starting out. About to do this, I accidentally came across an add with this Bank of America credit card - Business Advantage Cash Rewards Credit Card Business Credit Cards, As I read the terms I discerned that this could have been a better solution to my ...Show More
Emma D.
Oct 24, 2020
May or may not recommend
This credit card from Bank of America is great for businesses. They charge zero annual fees and offer businesses a cashback on all purchases made with this card. I got a signup bonus of $300 after making payments of up to $3000 with my credit card. I feel lucky to have found a credit card designed for my business needs.
Showing 3 of 3 reviews
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