Bank of America Business Advantage Cash Rewards Calculator

Bank of America Business Advantage Cash Rewards Mastercard

3%/1% Gas Station
3%/1% Office Supply Store
3%/1% Travel
3%/1% TV, Telecommunication, and Wireless
3%/1% Computer Services
3%/1% Business Consulting Services
2% Dining
Business Advantage Relationship Rewards

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If you currently do business with Bank of America, the Bank of America Business Advantage Cash Rewards Mastercard could be a great choice. It allows you to choose one category from a list of six every quarter in which you can earn 3% cash back spending in. This allows you to focus the rewards on a specific category. On top of that, Business Advantage Relationship Rewards can give you a 25% to 75% boost. This means you can earn up to 3.75% spending in the category of your choosing and 1.75% cash back in all other categories which is superb considering this card has no annual fee.

Bonus Categories

The Bank of America Business Advantage Cash Rewards Mastercard features six bonus categories that you can choose between to earn bonus cash back. Those categories are gas station, office supply store, travel, TV/wireless, computer services, and business consulting service purchases. You will be able to earning bonus cash back on your selected category up to the first $50,000 per quarter. After that, the category you selected will earn at the non-category rate for the remainder of the year. The Bank of America Business Advantage Cash Rewards Mastercard also features dining as a standard bonus category. There is no cap on the dining category. Below are the details of each Business Advantage bonus category.

Gas Station

If selected as the quarterly category, the Business Advantage Cash Rewards card will earn 3% cash back per $1 spent on gas station purchases. This applies to merchants whose primary purpose is to sell gasoline such as Exxon, Hess, BP, and Speedway. This is a great return for gas when it comes to business cards. The AMEX SimplyCash Plus Business Card also allows you to choose a 3% cash back category with gas being one of them.

Office Supply Store

If selected, the Business Advantage Cash Rewards Card will earn 3% cash back per $1 spent at office supply stores. This bonus will apply to stores such as Office Max, Office Depot, and Staples. In terms of return, there are a few choices when it comes to earning rewards shopping at Office Supply Stores. The Chase Ink Business Cash earns 5% cash back on Office Supply Stores as well as Cable, Internet, and Phone services. You can also get 5% cash back with the AMEX SimplyCash Plus Card. If you can get a great value out of airline miles the American Airlines AAdvantage Aviator Business Card, JetBlue Business Card, and United Business MileagePlus Explorer Card all earn double miles for their respective airlines in this category. Bank of America Business Advantage Relationship Rewards members can earn up to 3.75% cash back on office supply store purchases.


If you select travel as your category, the Business Advantage Cash Rewards Card will earn 3% cash back when making travel purchases. This includes purchases such as airline ticket, car rentals, rideshare services, and hotels. Earning 3% cash back on travel is great! It matches the return of personal cards like the Sam's Club Mastercard and Costco Visa. If you're a big spender in the travel category, you might want to look at Bank Rewards Programs that feature transferable points. This consists of programs like Chase Ultimate Rewards and American Express Membership Rewards.

TV, Telecom and Wireless

If selected for the quarter, the Business Advantage Cash Rewards Card will earn 3% cash back on TV, telecom, and wireless purchases. This includes communication and media entertainment expenses like cable, satellite TV and radio, hardline phone, mobile phone and online music services. While 3% cash back is great for earning on these type of purchases, you can earn 5% cash back on this category with the Chase Ink Business Cash Card. Of course, if you're unable to get a Chase Card, the Business Advantage Cash Rewards Card would be one of the best choices for this category.

Computer Services

If selected, the Business Advantage Cash Rewards Card will earn 3% cash back on computer service purchases. This includes purchases such as Adobe, Dell, Mozy, GoDaddy, and Intuit. It applies to network services, computers and computer equipment including software, integrated system design and data processing services. You can get a good amount of value out of this category. The AMEX SimplyCash Plus Business Card also features the ability to choose this as a 3% cash back category.

Business Consulting Services

If selected, the Business Advantage Cash Reward Card will earn 3% cash back on business consulting services. This is a rare category that isn't really seen on other rewards cards. This category applies to consulting, public relations, legal, accounting, tax preparation and general and professional consulting services. This will be things such as H&R Block, One Legal, and Ruby Receptionists. If you do heavy spend in this category, you will want this card in your wallet.

2% Dining

The Business Advantage Cash Rewards Card earns 2% cash back per $1 spent on dining purchases. This includes both fast food and fine dining establishments. Earning 2% on cash back on dining is not bad when it comes to business cards. There's a lot more options when it comes to personal cards such as the Barclay Uber Card which earns 4% cash back on dining and the Capital One SavorOne Card which earns 3% back. Both of these cards have no foreign transaction fee unlike the Business Advantage Cash Rewards Card which has a 3% fee. Business Advantage Relationship Rewards members can earn up to 2.75% cash back on dining purchases.

1% Non-Category

All purchases on the Business Advantage Cash Rewards Card outside of the bonus categories above will earn 1% cash back. This is a very low return that can be better placed on a 1.5%+ cash back card of your choosing. Since Bank of America doesn't have any flat rate earning cards, I recommend picking up the Spark Miles Business Visa or Spark Cash Business Visa which both earn a 2% return on all spending.

Perks and Benefits

Business Advantage Relationship Rewards

There are 3 tiers in the Business Advantage Relationship Rewards: Gold, Platinum, and Platinum Honors. Each tier is based on a 3-month average combined balances between the Bank of America business account, Merrill Edge business investment account, and Merrill Lynch business investment account. Below are the requirements of each tier and the bonus they grant:

Business Advantage Relationship Rewards
Tier Balance Requirement Bonus
Gold $20k to <$50k 25% Bonus
Platinum $50k to <$100k 50% Bonus
Platinum Honors $100k+ 75% Bonus

Do note that the bonuses for this program are calculated differently than the Preferred Rewards Client Program for personal Bank of America accounts. The Business Advantage Relationship Rewards Program applies the bonus to the base value, so a Platinum Honors tiered member in this business program that would normally receive 3% cash back will earn a bonus of +0.75% cash back for a total of 3.75% cash back. Preferred Rewards Client members receive the bonus to the overall percentage, so a Platinum Honors member with a personal card such as the Bank of America Cash Rewards Card that would normally receive 3% cash back will earn a bonus of 2.25% cash back for a total of 5.25% cash back. So when it comes to bonuses, the personal cards do come out ahead.

Just as a side note, bonus points are not the only bonus that Business Advantage Relationship Reward members receive. Waived banking fees, merchant service bonuses, Business Advantage Savings interest rate boost, discount on small business financing, discount on business advantage auto loans, and a lot more comes with this Business Advantage program.

Sign Up Bonus

The Business Advantage Cash Rewards sign up bonus is a $200 statement credit bonus after making at least $500 in net purchases in the first 60 days of your account opening. This card also typically comes with a 0% introductory APR period.

Credit Card Fees

Annual Fee
Authorized User Fee
Foreign Transaction Fee

Annual Fee

The Business Advantage Cash Rewards Card does not have an annual fee.

Authorized User Fee

There is no fee for adding authorized users to the Business Advantage Cash Rewards Card. If you have employees, family, or friends that spend in these categories, I would recommend adding them to maximize cash back!

Foreign Transaction Fee

The foreign transaction fee for the Business Advantage Cash Rewards Card is 3%. Using this card outside of the United States will drain the value of your rewards and I would advise that you do not do so!

and Card Value Calculator

You can use this rewards calculator to calculate how many points, miles, or cash back you can earn based on your spend per category. This calculator will also give you the dollar value of the card based on rewards earned and how much each benefit is worth to you minus the fees. You can click the Compare A Card button to compare this card against another card in the same calculator.

All category spend entered in the primary card's column will carry over to all credit card pages on the site so you don't have to re-enter the same information over again.

Credit Card
This calculator will calculate the cash value of the selected credit card(s) based on spend, benefits, and fees. You can compare this card against any another rewards card side-by-side by clicking on the Compare A Card button.
Compare A Card
Compare A Card
Select a card from the list below to compare it side by side against this card. You can search by card name (e.g. chase sapphire reserve, uber visa) or by rewards program (e.g. thankyou points, membership rewards points).
Currency Worth
This is the cash value of points and miles used in these calculations. You can click on the amount to change the value or you can select View Rewards As to calculate your rewards when transferred to partners.
View Rewards As...
0 Cent(s)
View Rewards As...
This section allows you to view your rewards as if you transferred them to a partner. Select a transfer partner below and the calculator will alter the calculator to reflect the transfer ratio and the reward currency of the receiving program. This only applies to the currency of the selected card. Not all programs have transfer partners. I also do not have the cash value of points and miles for all transfer partners.
Edit Value
Enter the cash value of these rewards in cents per point/mile. You can enter the value as X.XX cents or 0.0XXX cents. The maximum value allowed is 15 cents ($0.15) and the minimal value is 0.1 cents ($0.001).
Loyalty/Rewards Programs
Covers hotel loyalty status, status with bank rewards programs, and few others. These are added automatically based on card selection, but can be manually added as well.
/ Loyalty Programs
Add/Remove Loyalty Programs
Select which loyalty programs you want to include in the calculations. You will be able to select your status with the program and it will calculate additional points/bonuses based on what you enter in the calculator.
Loyalty Programs
Other Bonuses
All card card specific bonuses will be listed here. These are added automatically based on the selected card(s).
Categories Spending
Enter how much you spend in each category listed. You can click on the amount to edit the value. You can use +/- Categories to add and remove categories from the list and Options to copy spend between columns and clear all spend.
/ Categories
Add/Remove Categories
Select which categories you want to appear in this calculator. You can search categories by typing in a keyword below. De-selecting categories will remove them from this calculator. Categories are changed once you hit 'Update'.
Currently Selected:
Deselect All
Clear Spend
This will clear the spend in all of the categories in both columns. This will also clear all saved values.
Copy Spend
Copy Right will take the spend from the left column and copy it to the right column. Copy Left will take the spend from the right column and copy it to the left column. The spend amount ($) and unit of time (month, day, quarter) will be copied over.
Reward Bonuses
This section holds sign up bonuses, loyalty bonuses, and bonus bonuses. Most bonuses here will be listed automatically based on certain criteria. You can click 'Extra Bonus' if you wish to enter your own bonus amount.
Extra Bonus
Any additional bonuses you wish to add such as a sign up bonus or point bonus for adding authorized users
Total Earnings
Sum of all rewards above this line.
Cash Value of Earnings
Based off of currency worth.
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Calculator Continues Below
Monetary Bonuses/Perks
This is a list of cash perks and bonuses associated with the selected card(s). Some perks will be listed here automatically. You can click on 'Perk Bonus' if you want to add additional value for the card.
Perk Bonus
Enter how much you value any unmentioned perks this card offers.
Annual Fees
This section contains the annual fee and authorized user fee (if applicable) to hold on to the listed card(s).
Edit Fees
Edit the annual fee and authorized user fee of the Card (if applicable).
Annual Fee: -
Auth Fee: -
Grand Total
The total estimated value you can get out of this card and the amount of return for your spend.
Total Card Value
The value of the card when everything is taken into account.
Total Return
The percent you are earning per dollar spent on this card.

Recent News/Articles

Page Last Updated: 2019-03-01

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About These Calculators: These calculators are provided to help you estimate the value of points, miles, and cash back you can earn with various rewards programs and using reward earning credit cards. These calculators are meant to provide an estimate of rewards earned and are not meant to reflect the exact amount of points you may receive. Be sure to read the terms and conditions of any credit card before you apply as benefit and perk changes may not be reflected immediately on this website.

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