in Business Credit Cards from Bank of America
UnaffiliatedExplore a similar product
Try this top product in Business Credit Cards.
| Community Rating |
Rating not yet determined |
| Purchase APR (Variable APR) | 12.24% - 22.24% |
| Balance Transfer APR (Variable APR) | 12.24% - 22.24% |
| Credit Score Range | 650 - 850 |
| Annual Fee | $0 |
Business Advantage Cash Rewards Credit Card Review
- Business credit card with generous reward rate. You will get a maximum cashback rewards rate of up to 3%.
- 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases.
- Signup bonus. Offers a signup bonus of $300 if you spend $3000.
- Competitive APRs. Business Advantage Cash Rewards Credit Card has a variable 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.
- 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 3% every time you make a transaction outside the U.S.
- Multiple business credit card benefits. Includes generous credit card perks, such as rental insurance, emergency support, travel accident insurance, travel assistance, and fraud protection.
- Fair or better credit required. You will have good approval odds if your credit score is above 650.
| The Good | The Bad |
|---|---|
|
|
Who is Bank of America business Advantage Cash Rewards designed for?
This is a credit card issued by Bank of America.
This business card is designed for small businesses with fair credit. The minimum credit score to apply is 650.
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 up to $39.
- An overlimit fee of $1.
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 rewards program?
This business credit card 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:
- 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 after you spend $3000.
Does it offer an annual loyalty bonus?
This business card doesn't offer a cash loyalty bonus.
Can I get it with just an employer identification number (EIN)?
You can apply for this business credit card with your EIN number, but expect the credit card issuer to also require your Social Security number. This is because, as with most business cards, it requires you to personally guarantee the line of credit.What are the benefits?
This business credit card provides the following benefits:
- Auto Rental Collision Damage Waiver
- Emergency Support
- Fraud Liability
- Travel Accident Insurance
- No blackout dates when redeeming miles
- Travel Assistance
- Reports to major credit bureaus
What is the customer service phone number?
The customer service number for this business card is (704) 386-1709.
What is the support contact email?
The support contact email for this business credit card is customerservicealert@bankofamerica.com.
How do people rate the customer service and user experience?
Overall, this business credit card is mostly recommended based on community reviews that rate customer service and user experience.
Does Business Advantage Cash Rewards Credit Card report your account activity to credit bureaus?
Yes, Business Advantage Cash Rewards Credit Card 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 may help improve your credit.
How to apply?
- 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.
Message From Business Advantage Cash Rewards Credit Card
Contact
- Headquarters
-
100 North Tryon Street
Charlotte, NC 28255 - (704) 386-1709
- Visit Site
- Email Support
Other Services by Bank of America
Feature Breakdown
| Annual Fee | $0 |
| No Annual Fee | |
| No Interest Grace Period for Late Payment | 25 days |
| Cash Advance Fee (%) | Up to 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 |
| Over-Limit Fee | $1 |
| Returned Payment Fee | $39 |
Business Advantage Cash Rewards Credit Card Community Reviews
Would you recommend Business Advantage Cash Rewards Credit Card to your friends?
Other Business Credit Cards
Bank of America Business Credit Cards
- Amazon Business American Express Card
- Arkansas Federal CU Business Mastercard
- Bank of America Business Advantage Cash Rewards
- Centris FCU Visa® Business Cash Credit Card
- Centris FCU Visa® Real Rewards Credit Card
- Centris Federal Credit Union Visa® Business Card
- Citadel Credit Union Business Rewards Mastercard®
- Lake Michigan Credit Union Business Rewards Visa
- National Exchange Bank and Trust Business Visa®
- PNC points Visa Business Credit Card
- Premier Members CU Business Visa Credit Card
- PrimeWay FCU Business Rewards Credit Card
