14 Difference Between Bank Of America Business Advantage Cash Rewards Mastercard and Chase Business Preferred Card

1. If you want a large sign up bonus and high reward rate on common business spending with $95 annual fee, chase business preferred is a great choice.
If you want no annual fee credit card and want to choose your bonus category, bank of america business advantage cash reward mastercard is a great choice.
You can Boost rewards rate with Relationship Rewards program on bank of america business advantage cash reward mastercard.

2. Pros:

Bank of America Business Advantage Cash Rewards Mastercard

Chase Business Preferred Card

$300 sign up bonus

80,000 Ultimate Rewards points (Worth $1000 in travel purchase) sign up bonus

No annual fee

No foreign transaction fee

0% intro apr on purchase

High reward rate on common business spending

Earn 3% cash back in the category of your choice

Airline and hotel point transfer partners

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

Free employee card

 

25% more point value for travel redemption

 

Cell Phone protection

 

Travel protection

3. Cons:

Bank of America Business Advantage Cash Rewards Mastercard

Chase Business Preferred Card

Cap on bonus rewards

$95 annual fee

3% foreign transaction fee

No 0% intro apr period

Requires excellent credit

 

No intro apr for balance transfer



 

4. Reward Rate:

Bank of America Business Advantage Cash Rewards Mastercard:

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.

Chase Business Preferred Card:

3:1 travel, shipping, internet, cable, phone services and advertising purchases ($150,000 combined purchases yearly)
1:1 general purchases

5.Sign Up Bonus:

Bank of America Business Advantage Cash Rewards Mastercard:

Get a $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening

Chase Business Preferred Card:

Earn 80,000 Ultimate Rewards points (Worth $1000 in travel purchase) after you spend $5,000 on purchases in the first three months from account opening.

6. Regular Apr:

Bank of America Business Advantage Cash Rewards Mastercard:

14.49% – 24.49% Variable for purchase and balance transfer

Chase Business Preferred Card:

18.24% – 23.24% Variable APR

7. Intro Apr:

Bank of America Business Advantage Cash Rewards Mastercard:

0% on Purchases for 9 billing cycles

Chase Business Preferred Card:

N/A

8. Annual fee:

Bank of America Business Advantage Cash Rewards Mastercard:

$0

Chase Business Preferred Card:

$95

9. Other Benefits:

Bank of America Business Advantage Cash Rewards Mastercard:

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

Chase Business Preferred Card:

Free employee cards.
Account alerts.
Extended warranty protection
Cell phone protection,
Purchase protection,
Trip cancellation and interruption insurance
Roadside dispatch and an auto rental collision damage waiver.

10. Foreign Transaction Fee:

Bank of America Business Advantage Cash Reward Mastercard:

3%

Chase Business Preferred Card:

None

11. Balance Transfer Fee:

Bank of America Business Advantage Cash Reward Mastercard:

4% $10 minimum

Chase Business Preferred Card:

5% Min $5

12. Credit Needed:

Bank of America Business Advantage Cash Reward Mastercard:

700 – 850 Good to Excellent

Chase Business Preferred Card:

700- 850 Good to Excellent

13. Get Bank of America Business Advantage Cash Reward Mastercard:

If you want to choose your own bonus category.
If you want no annual fee credit card with great reward rate.
If you are bank of america small business account holder.

14. Get Chase Business Preferred Card:

If you want large sign up bonus.
If you spend more on travel, shipping and advertising purchase.
If you want no cost employee card.
If you don’t mind paying an annual fee.

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

Chase Ink Business Preferred Review With Pro And Cons

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