Who is this credit card designed for?
Cash Rewards for Business Mastercard is a credit card issued by Bank of America, which is based in Charlotte, NC.
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.
What are the relevant APRs?
Cash Rewards for Business Mastercard has a variable purchase APR that ranges from 12.74% up to 22.74%.
The card has a variable balance transfer APR that ranges from 12.74% up to 22.74%.
It also has a variable cash advance APR starting at 25.74%.
Is an introductory APR offer available?
Yes, Cash Rewards for Business Mastercard offers an introductory APR rate of 0%.
What are the fees?
The following fees apply to Cash Rewards for Business Mastercard:
- A late payment penalty of $49.
- A returned payment fee of $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?
Cash Rewards for Business Mastercard 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
- Office Supplies
Is a signup bonus offered?
Yes, Cash Rewards for Business Mastercard offers card users a signup bonus worth up to $200 after spending $500.
Is an annual loyalty bonus offered?
Cash Rewards for Business Mastercard doesn't offer a cash loyalty bonus.
What additional benefits are offered?
Cash Rewards for Business Mastercard provides the following benefits:
- Car rental insurance
- Emergency support
- Fraud liability
- Travel insurance
Other Services by Bank of America
|Grace Period for Late Payment (Days)||25|
|No Annual Fee|
|Late Payment Penalty||$49|
|Returned Payment Fee||$39|
|Minimum Interest Charge||$1|
|Foreign Currency Transaction Fee||3%|
|Car Rental Insurance|
|Credit Card Benefits||
|Purchase APR (Variable APR)||12.74% - 22.74%|
|Cash Advance APR (Variable APR)||Starting at 25.74%|
|Balance Transfer APR (Variable APR)||12.74% - 22.74%|