The Bank of America Business Advantage Cash Rewards Mastercard offers lucrative cash back rewards, flexible redemption options, and various features tailored for small businesses. Learn about its advantages, disadvantages, and how to apply.
Advantages of the card Bank of America Business Advantage Cash Rewards Mastercard
The card offers a $300 online statement credit bonus after spending $3,000 in the first 90 days. Cardholders can earn 3% cash back in a category of their choice, 2% cash back on dining purchases, and 1% cash back on all other purchases. The cash back rewards don’t expire and can be redeemed in multiple ways, including as a deposit into a Bank of America checking or savings account. Additionally, the card comes with no annual fee and a 0% introductory APR for the first 9 billing cycles.
Disadvantages of the card Bank of America Business Advantage Cash Rewards Mastercard
While the card offers impressive rewards and benefits, it’s essential to note that the 3% and 2% cash back rewards are capped at $50,000 in combined choice category/dining purchases each calendar year. After reaching this limit, cardholders earn 1% cash back on those purchases. Additionally, the standard APR ranges from 18.49% to 28.49%, depending on creditworthiness, after the introductory APR period ends.
Extra features offered by Bank of America Business Advantage Cash Rewards Mastercard
In addition to cash back rewards, the card provides various features to assist with cash flow management, including automatic payments, transfers, and compatibility with accounting software like QuickBooks. Cardholders also benefit from 24/7 access to account management through online and mobile banking platforms, as well as travel and emergency services such as travel accident insurance and auto rental insurance.
Learn how to apply for your credit card Bank of America Business Advantage Cash Rewards Mastercard
Interested individuals can apply for the Bank of America Business Advantage Cash Rewards Mastercard online. The application process typically requires personal and business information, including financial details and contact information. Applicants should ensure they meet the eligibility criteria and have the necessary documentation before applying.
Discover the main ways to apply for the card Bank of America Business Advantage Cash Rewards Mastercard
The card can be applied for through the Bank of America website or mobile app. Alternatively, individuals can visit a Bank of America financial center to apply in person. Regardless of the application method chosen, applicants should be prepared to provide accurate and up-to-date information to expedite the process.
Prerequisites for request
To qualify for the Bank of America Business Advantage Cash Rewards Mastercard, applicants typically need to have good to excellent credit and meet the income requirements set by the bank. Additionally, having a business checking account with Bank of America may enhance cash back rewards through the Preferred Rewards for Business program.
From the site
Interested individuals can visit the Bank of America website and navigate to the credit card section to find the Business Advantage Cash Rewards Mastercard application.
From the site App
The Bank of America mobile app provides a convenient platform for applying for the Business Advantage Cash Rewards Mastercard. Users can download the app from their respective app stores and follow the prompts to begin the application process.
By agency
Applicants can also choose to visit a Bank of America financial center and speak with a representative to apply for the card in person.
The Bank of America Business Advantage Cash Rewards Mastercard presents a compelling option for small business owners, offering competitive cash back rewards, flexible redemption options, and valuable additional features. While it’s important to consider the capped rewards and variable APR, the overall benefits make this card a strong choice for businesses looking to maximize their purchasing power and manage expenses effectively.