November 28, 2022

Bank of America Business Advantage Customized Cash Rewards Review

Top perks This cash back card has all the most important benefits you’d expect, including…

Bank of America Business Advantage Customized Cash Rewards Review

Top perks

This cash back card has all the most important benefits you’d expect, including a sign-up bonus, 0% intro APR, and bonus cash back opportunities.

$300 online statement credit bonus offer

You can earn a $300 statement credit after you make $3,000 in purchases with this card within the first 90 days. This is one of the easier business card bonuses to get, as it only requires about $1,000 in spending per month. The statement credit is applied directly to your account.

Up to 3% cash back

This Bank of America business credit card earns:

  • 3% cash back in the category of your choice: gas stations (default), office supply stores, travel, TV/telecom and wireless, computer services, or business consulting services
  • 2% cash back on dining
  • 1% cash back on other purchases

The 2% and 3% rates apply on up to $50,000 in combined choice category and dining purchases per calendar year. After that, you earn 1% back in those categories. The bonus rates are competitive with other top business credit cards that don’t charge an annual fee.

Bonus rewards for Preferred Rewards clients

One of the more valuable benefits Bank of America offers is its Preferred Rewards program. If you use it for banking or investing and you meet minimum balance requirements, you can get a credit card rewards bonus of 25% to 75%. In the highest tier (which requires $100,000 in qualifying balances), you’d be earning 5.25% cash back in a category of your choice instead of 3%.

LEARN MORE: A Complete Guide to Bank of America Preferred Rewards

0% intro APR

This card has a 0% intro APR on purchases for the first nine billing cycles, so it’s a good choice for business expenses that you’ll need some time to pay off. The standard variable APR applies after those nine billing cycles. To avoid interest charges, make sure to pay off your full balance during the intro period.

Travel protections

This Bank of America credit card includes the following travel protections on eligible purchases:

  • Travel accident insurance
  • Auto rental insurance
  • Emergency ticket replacement
  • Lost luggage assistance