Business Advantage Customized Cash Rewards credit card
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The Business Advantage Customized Cash Rewards credit card is a business credit card designed for small business owners, but you’ll get the best rewards if you already have a Bank of America Business Checking account. Cardholders can choose a category to earn 3% cash back from among Gas Stations and Electric Vehicle (EV) Charging Stations (default), Office Supply Stores, Travel, TV/Telecom and Wireless, Computer Services, or Business Consulting Services. Plus, earn 2% on dining up to the first $50,000 in those combined purchases (3% and 2% categories) each calendar year. If you have a Bank of America Business Checking Account with at least $20,000 in it, you’ll earn 75% more cash back. That’s as much as 5.25% cash back in your preferred category. We dive into the details and your approval odds in this Business Advantage card review.
Our Rating
4.5/5.0
Welcome Offer
$300
Annual Fee
$0
0% on Purchases
9 months
Reward Rate
1% – 3% cash back
0% on Balance Transfers
N/a
Welcome Offer
Get a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
Features & Benefits
| Security | EMV Chip Enabled, Fraud Monitoring, Zero Liability |
| Contactless Payments | Tap to Pay, Apple Pay, Google Pay, Samsung Pay |
| Benefits | Extended Warranty Coverage, Free credit score access, 24/7 customer service |
| Travel Perks | Auto Rental Collision Damage Waiver, Luggage Protection, Travel Accident Insurance |
Rewards
Interest Rates & Fees
| Annual Fee | $0 |
| Foreign Transaction Fee | 3% of the U.S. dollar amount of each transaction made in a foreign currency. This fee does not apply to Cash Advance, Cash Equivalent, or Wire Transfer transactions. |
| Regular APR | 18.49% to 28.49% variable APR (V) APR |
| Purchases | 0% Intro APR for 9 months on purchases, then 18.49% to 28.49% variable APR (V) APR after that. |
What Credit Score Is Required to Get the Business Advantage Customized Cash Rewards credit card
The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use numerous factors in their underwriting process, and these factors can change at any time.
Lowest Approved Credit Score: 758
Average Approved Credit Score: 758
| App Status | Date | Credit Score | Bureau | Credit Limit |
|---|---|---|---|---|
| Approved | 03/11/2020 | TransUnion |
Pros & Cons
- Welcome offer
- No annual fee
- Up to 5.25% cash back for Bank of America business checking account holders
- Foreign transaction fee
- Requires good credit
What Are the Best Alternatives?
Capital One Spark Cash Plus
Rating
4.8
Rewards Range
2% to 5%
Annual Fee
$150
Ink Business Cash® Credit Card
Rating
4.8
Rewards Range
1%-5%
Annual Fee
$0
The Blue Business® Plus Credit Card from American Express
Rating
4.5
Rewards Range
1x - 2x
Annual Fee
No annual fee