Bank of America Business Advantage Cash Rewards Mastercard has a new bonus of $300. The card has recently been revamped with a different earning structure and cap.
Signup Bonus
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Get a $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening.
No annual fee.
Card Details
- Earn 3% cash back on your choice of one of the following six categories: gas stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services.
- Earn 2% cash back on dining.
- Earn unlimited 1% cash back on all other purchases.
You’ll get 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
Get 75% more cash back on every purchase when you’re a Preferred Rewards for Business Platinum Honors tier member. That means you will earn 5.25% on your selected choice category, 3.5% on dining and unlimited 1.75% cash back on all other purchases. Learn more about Preferred Rewards for Business.
Applying for the Card
Bank of America business cards are not reported to the personal credit bureaus.
There’s been some reports recently that Bank of America might require you to open a CD before being approved for a business credit card. They might also ask for proof of business.
Guru’s Wrap-Up
A decent card for those six categories that earn 3%. But there’s better cards out there for gas stations, office supply stores etc.. If you qualify for a relationship bonus, then it could go as high as 5.75%. The regular bonus on this card is just $200 after $500 in spending, but this increased offer will get you $300 with $3,000 in spending. Not a tremendous offer, but could be worthwhile for some people who don’t have many other options.
