Last Updated: 04/18/2025
Business Advantage Cash Rewards Credit Card
Unaffiliated
in Business Credit Cards from Bank of America
Last Updated: 04/18/2025
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Highlights
Purchase APR (Variable APR)
12.24% - 22.24%(Verified 06/21/2024)
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Balance Transfer APR (Variable APR)
12.24% - 22.24%(Verified 06/21/2024)
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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 |
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| 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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