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Bank of America® Business Advantage Cash Rewards review

Earn accelerated cash back on a category you choose each month.’s rating: 4.4 / 5


  • Get this card if your business spends thousands of dollars on any of the 3% cashback categories.
  • Pick something else if you’re looking for travel rewards or a low balance transfer intro APR.
  • Apply for this card with an excellent credit score of 740 or higher.


Welcome offer

Up to 3%

Cash back


Annual fee


Intro purchase APR

for the first 9 billing cycles (then 12.24% to 22.24% variable)


Annual fee$0
Welcome offer$300 after spending $3,000 in the first 90 days
Rewards3% cash back on a chosen business category and 2% on dining on up to $50,000 combined each year, then 1% after that and on all other purchases
Purchase APR0% intro for the first 9 billing cycles (then 12.24% to 22.24% variable)
Balance transfer APR12.24% to 22.24% variable
Minimum Credit Score740

Review by

Kliment Dukovski is a credit cards and investments writer. He's written over 600 articles to help readers find and compare the best credit cards. Kliment has also written on money transfers, home loans and more. Previously, he ghostwrote guides and articles on foreign exchange, stock market trading and cryptocurrencies.

Expert review

The Bank of America® Business Advantage Cash Rewards comes with a $0 annual fee and a rewards rate of 3% cash back on a category you choose each month and 2% cash back on dining up to $50,000 annually in combined purchases.

If you’re a member of Business Advantage Relationship Rewards, you’re eligible for an additional 25% to 75% reward bonus on every purchase, which makes this card one of the most rewarding.

Other cool benefits include a solid signup bonus of $300 and a 0% intro APR period on purchases for your first 9 billing cycles. The only downside is that you pay 3% fee every time you use your card abroad or online with foreign merchants.

All this makes the Bank of America® Business Advantage Cash Rewards an excellent choice for your business if you spend up to $50,000 each year in any of the 3% cashback categories.

Best of 2021
Finder experts pick Bank of America® Business Advantage Cash Rewards as a 2021 best product for credit cards.

How to apply for the Bank of America® Business Advantage Cash Rewards

  1. Go to the Bank of America site and select the Bank of America® Business Advantage Cash Rewards. Click Apply now.
  2. If you’re a Bank of America customer, log in to your account. Otherwise, start your application.
  3. Complete the application with details about you, your business and any employees you authorize to use your card.
  4. Review and submit your application.

What credit score do I need?

Increase your chances of approval with an excellent credit score of 740 or higher.

Card benefits

  • Cash back.
    Choose one category each calendar month — gas stations, office supply stores, travel, telecom and wireless, computer services or business consulting services — to earn 3% cash back. Earn 2% cash back on dining. However, you are capped at $50,000 annually in combined purchases in both 2% and 3% categories. After that, and on all other purchases, earn 1% cash back.
  • Intro APR on purchases.
    If you’re planning to buy big items, save on interest with 0% introductory purchase APR for the first 9 billing cycles after account opening. After, the purchase APR reverts to 12.24% to 22.24% variable.
  • No annual fee.
    Maximize your cashback benefits without paying an annual fee.
  • Signup bonus.
    Receive $300 in statement credit after you spend $3,000 on purchases in the first 90 days your account is open.
  • Cashback boost.
    With the Business Advantage Relationship Rewards program, you can boost your cashback rate up to 75%. This translates to 5.25% from 3% and 3.5% from 2%. All other purchases go up to 1.75% cash back.

What is the Business Advantage Relationship Rewards program?

Bank of America offers this program to boost small businesses, helping you take advantage of rewards and benefits that grow as you increase balances across BofA business and Merrill Edge or Merrill Lynch investment accounts.

To join this program, you must own eligible Bank of America business accounts averaging a combined balance of $20,000 or more over three months.

Benefits of Business Advantage Relationship Rewards include:

  • No fees on select everyday banking services
  • A 25%–75% reward bonus on base earnings for eligible business cards
  • An interest rate discount of up to 0.75% on a business advantage credit line, term loan or secured lending
  • An interest rate discount of up to 0.50% on business advantage auto loans and commercial real estate loans
  • Priority client service and Merrill Edge advising

What to watch out for

  • Foreign transaction fees.
    If you travel abroad often, you may want to use another card. This one charges a fee equal to 3% of the US dollar amount on all foreign transactions.
  • No intro APR period on balance transfers.
    You get a long 0% intro APR period on purchases, but you don’t get the same offer on balance transfers. If that’s what you need, compare balance transfer business credit cards.

Compare business credit cards

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2% cashback on all purchases
9.99% to 34.99% variable
Earn 2% cashback on all purchases. One of the highest unlimited cashback rates you'll find on a business card.
Ramp Visa® Commercial Card
1.5% cashback on all purchases
Replace expense reports with unlimited virtual and physical cards. Automate your accounting, lower your bills, and earn 1.5% cash back on everything.
Brex 30 Card
8x points on rideshares, 5x on Brex Travel, 4x at restaurants, 3x on software subscriptions and 1x points on all other purchases
The first corporate card for startups. No personal guarantee or security deposit needed, meaning your personal credit score won't be affected.

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Bottom line

If your business regularly spends on any of the 3% cashback categories, you could see a rewarding benefit with this card. A 0% intro APR on purchases for the first 9 billing cycles only sweetens the deal, especially if you have your eye on a large company purchase. Your rate reverts to a variable 12.24% to 22.24% APR thereafter.

Apply today if the Bank of America® Business Advantage Cash Rewards sounded like a snug fit for your business. But if it didn’t, there’s likely another business credit card with tailored rewards for the way your company spends.

Frequently asked questions

Images: Bank of America

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Our team evaluates credit cards to determine their value against similar cards on the market.

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