Bank of America Business Advantage Cash Rewards
No fee
Bank of America
Bank of America Business Advantage Cash Rewards
4.2
(543 reviews)businesscashback
Reviewed by CardCompare Editorial Board
|CFP-reviewed|Updated April 2026A flexible no-annual-fee business card that lets you choose where to earn 3% — gas, travel, office supplies, business consulting, and more. Bank of America Preferred Rewards for Business members can boost the 3% rate up to 5.25%, making it extremely competitive.
Annual Fee
No annual fee
Purchase APR
18.49% – 28.49%
Rewards
1% base rate
Sign-Up Bonus
$300 value
Credit Score
Good (670-749)
Foreign Txn Fee
3%
Who Should Get This Card
The Bank of America Business Advantage Cash Rewards is best suited for established credit users who small businesses banking with bank of america. With no annual fee, there's zero cost to keep it in your wallet long-term.
This card is great if you…
- No annual fee
- Choose your 3% category
- Preferred Rewards boosts to 5.25%
- Small businesses banking with Bank of America
Consider another card if you…
- 3% foreign transaction fee
- 9-month intro APR is shorter than competitors
- 3% cap applies combined
Rewards Breakdown
3% in choice category, 2% dining, 1% everything else
| Category | Rate |
|---|---|
| Your chosen category (gas, travel, office, etc.)(Earn 3% in a chosen category — gas, travel, tech, advertising, or shipping — plus 2% at restaurants and wholesale clubs up to 50,000 dollars per year combined, and 1% on all other purchases. No annual fee and flexible monthly category selection make this a low-maintenance powerhouse for cost-conscious business owners.) | 3% |
| Dining(Earn 3% in a chosen category — gas, travel, tech, advertising, or shipping — plus 2% at restaurants and wholesale clubs up to 50,000 dollars per year combined, and 1% on all other purchases. No annual fee and flexible monthly category selection make this a low-maintenance powerhouse for cost-conscious business owners.) | 2% |
| Everything else | 1% |
Rewards Distribution
3%
top rate
Your chosen category (gas, travel, office, etc.)3%50%
Dining2%33%
Everything else1%17%
Sign-Up Bonus
$300 after spending $3,000 in 3 months
Fees & APR
| Annual Fee | No annual fee |
| Purchase APR | 18.49% – 28.49% |
| Intro APR (Purchases) | 0% for 9 months |
| Intro APR (Balance Transfer) | 0% for 9 months |
| Balance Transfer Fee | 3% |
| Foreign Transaction Fee | 3% |
| Late Fee | Up to $40 |
Pros & Cons
No annual fee
Choose your 3% category
Preferred Rewards boosts to 5.25%
Good intro APR offer
$300 sign-up bonus
3% foreign transaction fee
9-month intro APR is shorter than competitors
3% cap applies combined
The Bottom Line
The Good: The Bank of America Business Advantage Cash Rewards stands out for its no annual fee. The welcome bonus worth $300 adds significant first-year value.
The Not So Good: 3% foreign transaction fee.
Our Verdict: The Bank of America Business Advantage Cash Rewards scores 7/10 — a solid option for small businesses banking with bank of america. With no annual fee, there's no risk in trying it.
Frequently Asked Questions
What is the annual fee for the Bank of America Business Advantage Cash Rewards?▾
The Bank of America Business Advantage Cash Rewards has no annual fee — you'll never be charged just for keeping the card open.
What is the sign-up bonus for the Bank of America Business Advantage Cash Rewards?▾
The Bank of America Business Advantage Cash Rewards currently offers a sign-up bonus worth approximately $300. $300 after spending $3,000 in 3 months Terms apply — always verify the current offer directly with the issuer.
How do the rewards work on the Bank of America Business Advantage Cash Rewards?▾
The Bank of America Business Advantage Cash Rewards earns 1% on all purchases, and up to 3% in select bonus categories. Rewards are earned as cash back credited to your statement.
What credit score do I need for the Bank of America Business Advantage Cash Rewards?▾
The Bank of America Business Advantage Cash Rewards is recommended for applicants with good (670-749) credit. Approval is not guaranteed and depends on your full credit profile.
Does the Bank of America Business Advantage Cash Rewards charge a foreign transaction fee?▾
Yes, the Bank of America Business Advantage Cash Rewards charges a 3% foreign transaction fee on purchases processed outside the U.S.
What is the APR on the Bank of America Business Advantage Cash Rewards?▾
The Bank of America Business Advantage Cash Rewards has a variable purchase APR of 18.49% – 28.49%, with a 0% intro APR for the first 9 months. If you carry a balance, interest charges can quickly outweigh any rewards earned.
Who is the Bank of America Business Advantage Cash Rewards best for?▾
The Bank of America Business Advantage Cash Rewards is best for Small businesses banking with Bank of America. A key advantage: no annual fee.
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