Bank Of America Business Advantage Cash Rewards Review With Pro And Cons – 17 Points

1. Bank of america business advantage cash rewards is good business card. You can get 3 % cash back on a category of your choice and 2% at restaurants.This card is good choice if you spend lot of on gas, travel and restaurants. This card comes with no annual fee, 0% intro apr on purchase and $300 sign up bonus.

2. Reward Rate:

3% cash back on a category of your choice (gas, office supplies, travel, TV/telecom and wireless, computer service and business consulting services).
2% cash back on purchases at restaurants.
$50,000 purchase limit on combined 2% and 3% categories each calendar year, then 1% cash back.
1% cash back on all other purchases.

3. Sign Up Bonus:

Get a $300 statement credit when you make at least $3,000 in net purchases within 3 months of your account opening.

4. Annual Fee:

$0

5. Regular Apr:

14.49% – 24.49% Variable for purchase and balance transfer

6. Intro Apr:

0% on Purchases for 9 billing cycles

7. Pros:

$300 sign up bonus
No annual fee
Intro apr for purchase
Low regular apr
High reward Rate on category of your choice
No Penalty APR
Overdraft Protection for BoA Deposit Accountholders.
Preferred Rewards for Business Platinum Honors Members Earn 75% More Cash Back.
You can change your bonus category once per calendar month

8. Cons:

3% foreign transaction fee
4% balance transfer fee
Requires excellent credit
No intro apr for balance transfer

9. Foreign Transaction Fee:

3%

10. Balance Transfer Fee:

4% $10 minimum

11. Credit Needed:

Excellent 720 – 850

12. Get 75% more cash back on every purchase when you’re a Preferred Rewards for Business Platinum Honors tier member.

13. Redeem your cash rewards as a statement credit, check, or have cash deposited into a Bank of America® checking or savings account.

14. Customer Experience:

24/7 customer service?: No
Online chat available?: Yes
Google Play Store mobile app rating: 4.5/5
Apple Store mobile app rating: 4.6/5

15. Other Benefits:

Travel accident insurance
Auto rental insurance
Emergency ticket replacement
Lost luggage assistance
Optional extended warranty protection

16. Get bank of america business advantage cash rewards card:

If you want to choose your own bonus category.
You are a Bank of America or Merrill Lynch small business account holder and can take advantage of reward boost.
If you prefer cash back over points.
If you want no annual fee card with great reward rate.

17. This card is not for you:

If your spending dont fall in to bonus categories.
If you want bigger sign up bonus.
If you do not like $50000 yearly spending cap on 3% and 2 % rewards.

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