Bank of America Business Advantage Customized Cash Rewards Review

Designed to empower small businesses, this card offers a plethora of benefits tailored to meet your unique needs and fuel your growth.

Get ready to elevate your business’s financial strategy with the Bank of America Business Advantage Customized Cash Rewards card! With its flexible cash back rewards program and customizable spending categories, this card puts you in control of maximizing your rewards based on your business’s spending habits and priorities.

What sets the Bank of America Business Advantage Customized Cash Rewards card apart is its ability to adapt to your business’s evolving needs. Whether you’re a startup entrepreneur or a seasoned business owner, this card offers the flexibility and rewards you need to thrive in today’s competitive market.

Plus, with the added convenience of expense management tools and dedicated customer support, managing your business finances has never been easier. Say goodbye to cookie-cutter financial solutions and hello to a card that’s as unique as your business!

Earning rewards

Earning rewards with the Bank of America Business Advantage Cash Rewards card is both flexible and rewarding, offering multiple opportunities to maximize cash back on your business purchases. Here’s how you can earn rewards with this card:

1. 3% Cash Back Category: Choose one category from a list of options where you’ll earn 3% cash back on eligible purchases. These categories include gas stations and EV charging stations, office supply stores, travel, TV, telecom, and wireless, computer services, and business consulting services.
2. 2% Cash Back on Dining: Enjoy 2% cash back on dining purchases, including restaurants, cafes, and fast-food establishments. This elevated cash back rate applies to the first $50,000 in combined choice category and dining purchases each calendar year. After reaching this limit, you’ll continue to earn 1% cash back on dining and all other purchases.
3. 1% Cash Back on All Other Purchases: For purchases outside of your chosen 3% cash back category and dining, you’ll earn a standard 1% cash back on all eligible transactions. This ensures that you continue to earn rewards on every purchase, providing ongoing value for your business spending.

By strategically selecting your 3% cash back category and taking advantage of the elevated cash back rates on dining, you can maximize your rewards potential and earn valuable cash back on your business expenses.

Plus, with the option to change your category selection monthly, you can adapt your rewards strategy to align with your evolving business needs and priorities.

Benefits of Bank of America Business Advantage Customized Cash Rewards Card

• No annual fees

Say goodbye to annual fees with the Bank of America Business Advantage Cash Rewards card. This means that you can enjoy all the benefits of this card without having to worry about any additional costs eating into your bottom line. It’s a cost-effective solution for businesses of all sizes looking to maximize their purchasing power without breaking the bank.

• Flexible Cash Back Categories

With the ability to choose your cash back category, you have the flexibility to tailor your rewards to suit your business’s spending habits. Whether you opt for gas, office supplies, or travel, you can select the category that aligns best with your business’s needs, ensuring that you earn the most cash back possible on your everyday expenses.

• Introductory APR Offer

Enjoy a 0% introductory APR on purchases for the first 9 billing cycles, providing you with valuable breathing room to finance large purchases or manage cash flow during the initial stages of your business ventures. This introductory offer can help you save money on interest charges and give you the flexibility to invest in your business’s growth without incurring additional expenses.

• Employee Cards at No Extra Cost

Empower your team and streamline your expense management process with employee cards at no extra cost. By providing your employees with their own cards, you can delegate spending responsibilities while earning rewards on their purchases, maximizing the benefits of your business spending. Plus, with customizable spending limits and account controls, you can maintain oversight and control over your business’s finances with ease.

• 25 – 75% of bonus to Business Preferred Members

The Bank of America Business Advantage Customized Cash Rewards Card is a preferred credit card that earns high rewards at a significant premium over other cards. It offers a 25% – 75% bonus to Business Preferred Members. But in order to qualify for this high bonus, you must be enrolled as one of the members.

• $300 Statement Credit

With a $300 statement credit after spending $3,000 on purchases within 90 days upon account opening, this is a great card for someone who is starting a business or wants to make some extra money.

• Enhanced Expense Tracking

Simplify your business accounting with enhanced expense tracking tools offered by the Bank of America Business Advantage Cash Rewards card. Gain insights into your business spending patterns, categorize expenses, and generate detailed reports to streamline your financial management processes and make informed business decisions.

• Fraud Protection

Protect your business against unauthorized transactions and potential fraud with advanced security features provided by Bank of America. Benefit from round-the-clock monitoring, zero liability protection, and proactive fraud detection measures to safeguard your business’s financial assets and maintain peace of mind while conducting transactions online or in-store.

• Access to Business Tools and Resources

Gain access to a wealth of business tools and resources offered by Bank of America to support your business’s growth and success. From educational resources and financial management tools to networking opportunities and industry insights, Bank of America provides valuable resources to help you navigate the complexities of running a business and achieve your entrepreneurial goals.

• Travel Benefits

Take advantage of exclusive travel benefits, including travel accident insurance, rental car insurance, and emergency assistance services, provided by the Bank of America Business Advantage Cash Rewards card. Whether you’re traveling for business or leisure, enjoy added peace of mind knowing that you’re protected against unexpected travel mishaps and emergencies while on the go.

• Cash Flow Management

Optimize your business’s cash flow with flexible payment options and customizable payment terms offered by Bank of America. Enjoy the convenience of setting up automatic payments, scheduling payments in advance, and accessing your account online or via mobile app to monitor your cash flow in real time and stay on top of your business finances effortlessly.

• Eco-friendly

Bank of America is leading the charge towards sustainability with its innovative use of Ecoplast, a cutting-edge material made from 80% recycled plastic. Embracing eco-conscious practices, Bank of America is revolutionizing the banking industry by incorporating Ecoplast into its operations, demonstrating a commitment to reducing environmental impact.

Requirements for Business Advantage Customized Cash Rewards Credit Card Application

• Business Eligibility: You must have an existing business or be in the process of establishing one. In addition, your business should meet the criteria set by the card issuer.
• Credit History: A good personal and business credit history is typically required. Also, you must demonstrate responsible credit usage and timely payments.
• Legal Age: Applicants must be at least 18 years old.
• Income Verification: Provide proof of a steady income to support credit card payments.
• Legal Residency: You need to be a legal resident of the United States.
• Business Documentation: Prepare necessary business documents, such as tax identification numbers and legal business structure information.

How to Apply for the Business Advantage Customized Cash Rewards Credit Card

1. Visit the Official Website.
2. Navigate to Credit Cards.

1. Review Card Details.
2. Click “Apply Now”.
3. Fill Out the Application Form.
4. Wait for Approval.
5. Receive Your Card.

Frequently Asked Questions (FAQs) – Business Advantage Customized Cash Rewards Credit Card

Is there an annual fee for this credit card?

• The annual fee may vary, so check the latest terms and conditions on the official website.

How can I redeem my cash rewards?

• Cash rewards can be redeemed as statement credits or deposited into eligible Bank of America accounts.

What security features does the card offer for business transactions?

• The card includes security features such as chip technology and mobile banking safeguards.

Can I add additional cards for my employees?

• Yes, you can request additional cards for employees to streamline business expenses.