Business Advantage Customized Cash Rewards

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Score Needed: Excellent

At a glance

Welcome Offer

Get a $300 statement credit online bonus after you make at least $3,000 in net purchases in the first 90 days of your account opening - with no annual fee and cash rewards don't expire.

Limited Time Offer

New Offer

All time high

Rewards

2% cash back on dining purchases. You'll earn 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.

3% cash back in the category of your choice: gas stations and EV charging stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services. You'll earn 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.

2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year,

1% thereafter.

2% cash back on dining purchases. You'll earn 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.

Points on other purchases

Intro APR

0% for 9 billing cycles

Balance Transfer Intro

N/A

Regular APR

17.99% - 27.99% Variable APR on purchases and balance transfers

Annual Fee

Business Advantage Customized Cash Rewards

Application Tips

Get the best results with each application

Thinking About 2 Cards? You cannot get approved if you have more than a total of 5 Bank Of America credit cards open

No direct line. If declined, you can call the new accounts fraud department, and they can connect you to the reconsideration department

Approval Rules: Bank of America is unlikely to approve a new credit card if you currently have more than five open Bank of America credit cards. Additionally, according to the 2/6 Rule, Bank of America generally does not approve new credit card applications if you have opened more than two credit cards from any issuer in the past 12 months. However, this limit is relaxed to six cards in the past 12 months if you hold a Bank of America bank account. For the Bank AmeriCard, you may be ineligible for a new card if you currently have, or have had, the Bank AmeriCard within the past 24 months, as eligibility typically requires the previous card to be closed for a full 24 months.

Limit Increase

Credit Inquires

No items found at this time

If you freeze Experian you may be able to call reconsideration and request they pull one of the other credit bureaus)

Application Inquires Credit inquiries for all Personal BOA cards for applications within 30 days will be combined

Welcome Offer Eligibility:

Downgrade Options

Getting your card

Rescore your report: Some people have been successful in getting Bank Of America to update their balance off-cycle by calling and asking to speak to the credit bureau reporting department, then asking to speak to a manager/underwriter to submit an off-cycle request. If successful the update will take 28 hours.

When applying for a new credit card, keep your balances below 10% of your limit on each existing card. Pay down balances and wait for each card's closing date, avoiding new charges. Some banks let you update balances anytime by phone, and Chase will automatically report a $0 balance after payment.

Card Benefits

Card holder benefits

As a card member, you have access to a wide range of benefits that come included with your membership. Take a look.

Reward Terms

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Extra Redemption Value

Earn up to 75% more cash back on every purchase, if you have a business checking account with Bank of America and qualify for our highest Preferred Rewards for Business tier. That means you could earn up to 5.25% in your selected choice category and up to 3.5% on dining purchases on the first $50,000 in those combined purchases each calendar year, and up to an unlimited 1.75% cash back on all other purchases.

Travel Medical Insurance

Travel benefits your business needs including $100,000 in travel accident insurance. Additional services include auto rental insurance, emergency ticket replacement, lost-luggage assistance and legal and medical referrals when you're away from home.

Rewards redemption

Redeem your spending bonus

How to Redeem your valuable credits

Cash Redemption

Travel Redemption

Transfer your to any of the following Bank of America Travel Partners.

Points Transfer Partners

No transfer partners found

Fees

Fees you may encounter as a cardmember

See Rates and Fees

Balance transfer Intro Offer

N/A

Balance transfer Fee

Balance transfer Terms

Foreign Transactions

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Business Advantage Customized Cash Rewards

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