Bank of America® Cash Rewards for Business MasterCard® credit card

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  • Earn a $200 statement credit after $500 in purchases within 60 days of account opening – with no annual fee and no limit to the base cash back you can earn
  • 3% cash back on purchases at gas stations and office supply stores, 2% on purchases at restaurants, and 1% on all other purchases (Annual cap of $250,000 on combined gas station and office supply store purchases; then 1% earn rate after that)
  • Redeem your cash rewards for cash back, or apply them to a Bank of America® savings or checking account
Annual Fee:
$0
Purchase Intro APR:
0%*
(9 Billing Cycles)
Purchase Regular APR:
11.49% - 21.49%*
Variable
Balance Transfer Intro APR:
N/A
Balance Transfer Regular APR:
11.49% - 21.49%*
Variable

Details, Rates & Fees

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* See the online Provider's credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the 'Apply Now' button, you can review the credit card terms and conditions on the provider's website.

Cash Advance Rate 24.49%* Variable
Cash Advance Fee 4%, Min: $10
Late Fee Up to $49
Penalty APR None
Balance Transfer Fee 4%, Min: $10
Foreign Transaction Fee 3%
Return Payment Fee $39

Rewards

Sign-Up Bonus

Earn $200 after you spend $500 in 2 months.

All Purchases

1% cash back per dollar

No cap on spending

Gas

3% cash back per dollar

3% cash back on purchases at gas stations and office supply stores. (Annual cap of $250,000 on combined gas station and office supply store purchases; then 1% earn rate after that)

Restaurants

2% cash back per dollar

2% on purchases at restaurants


Our Take

The Bank of America® Cash Rewards for Business MasterCard® credit card is a solid option for business owners.

What to Like

With this card, you could earn 3% cash back on purchases at gas stations and office supply stores (up to $250,000 in purchases per year), 2% on purchases at restaurants and 1% on all other business purchases. Cardholders also earn a $200 statement credit after spending $500 in purchases in the first 60 days, and there’s no annual fee.

Look Out For

Since this is a business card, it’s meant to be used for business purposes only. The card also has both a foreign transaction fee and a balance transfer fee.

Similar Offers

† Credit Karma looks at how your credit profile compares to other Credit Karma members who were approved for this product. Of course, there's no such thing as a sure thing, but knowing whether your Approval Odds are Very Good, Good, Fair or Poor may help you narrow down your choices.

‡ Average score refers to the arithmetic mean, typical low score to the 5th percentile and typical high score to the 95th percentile of, in each case, available VantageScore 3.0 credit scores provided by TransUnion of Credit Karma members who were approved for this product from March 2016 through August 2016. Average and typical approved scores are provided as guidelines only and approval is not guaranteed. You can learn more about credit card approval through our in-depth article.

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