Cash Back Calculator: Bank of America Business Advantage Card

If you have money to invest, the Bank of America Business Advantage Cash Rewards Card is one of the best cash back cards on the market. Calculate rewards and compare.

The Bank of America® Cash Rewards Mastercard® is a great small business cash back card that rewards you the most when you have a relationship with Bank of America and their partners. The card allows you to choose one category from a list of six in which you can earn 3% cash back spending in which means you can focus your business spend and maximize your rewards. On top of that, the Preferred Rewards for Business program can give you a 25% to 75% point boost. This means you can earn up to 5.25% spending in the category of your choosing, up to 3.5% on dining, and up to 1.75% cash back in all other categories which is quite superb considering this card has no annual fee.

Quick Details
Issuing Bank
Card Network
Rewards Earned
Annual Fee
Authorized User Fee
Foreign Transaction Fee

Rewards Rate Details

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 (default), office supply store, travel, TV/telcom & wireless, computer services, and business consulting service purchases. The card also features dining as an automatic bonus category. You'll earn bonus cash back on the first $50,000 in combined choice category/dining purchases each calendar year, then 1% thereafter. There's no limit to the amount of cash back you can earn with the card overall.

  • 3%/1% Gas Station
    • Selectable 3% Category; If not selected, you'll earn 1%.
  • 3%/1% Office Supply Store
    • Selectable 3% Category; If not selected, you'll earn 1%.
  • 3%/1% Travel
    • Selectable 3% Category; If not selected, you'll earn 1%.
    • Includes airline tickets, car rentals, hotels, and rideshare services.
  • 3%/1% TV, Telecom and Wireless
    • Selectable 3% Category; If not selected, you'll earn 1%.
    • Includes communication and media entertainment expenses like cable, satellite TV and radio, hardline phone, mobile phone and online music services.
  • 3%/1% Computer Services
    • Selectable 3% Category; If not selected, you'll earn 1%.
    • Applies to network services, computers and computer equipment including software, integrated system design and data processing services.
  • 3%/1% Business Consulting Services
    • Selectable 3% Category; If not selected, you'll earn 1%.
    • Applies to consulting, public relations, legal, accounting, tax preparation and general and professional consulting services.
  • 2% Dining
  • 1% Non-Category

Perks & Benefits

The best benefit of the Bank of America Business Advantage Cash Rewards credit card is the Preferred Rewards for Business program which allows you to earn bonus cash back.

  • Preferred Rewards for Business Bonus
    • Earn a 25% to 75% bonus based on your 3-month average in combined balances between your Bank of America business account, Merrill Edge business investment account, and Merrill Lynch business investment account.
    • Bonus is based off of the earning rates, so a 75% boost to the 3% category would knock it up to 5.25% cash back.
    • This benefit also comes with other perks such as waived banking fees, merchant service bonuses, Business Advantage Savings interest rate boost, and much more.
Preferred Rewards for Business Tiers
Tier Balance Requirement Bonus
Gold $20k to <$50k 25% Bonus
Platinum $50k to <$100k 50% Bonus
Platinum Honors $100k+ 75% Bonus

Rewards Calculator

You can use the 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 the value of the rewards earned and how much each benefit is worth to you, minus the annual fees. You can click the Compare A Card button to compare this card side by side any other card featured on the site within the same calculator.

Note! All category spend entered in the primary card's column (first column when comparing cards) will carry over to all credit card calculators on the site. This means you will not have to re-enter the same information again and again when browsing during the session.

Rewards Calculator

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 other rewards card side-by-side by clicking on the Compare A Card button.
Compare A Card
Edit Card
FEE Annual Fee
The annual fee of the selected credit card.
AU Auth Fee
The authorized user fee of the selected credit card.
$ 0
SUB Intro Bonus
If the card has an intro bonus, you can enter it here. If you're unsure of the bonus, you can click the Learn More link by the card image to be taken to the issuer's website (in a new tab).
EV Extra Cash Value
Enter any additional cash value you want to give the card such as the value of unaccounted for perks and benefits.
Compare A Card
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These cards are part of the same family.
Similar Cards
These are similar cards based on earning structure and other benefits (that aren't part of the same family).
Search Cards
Search for credit cards by name, rewards program, or rewards currency.
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Currency Worth

The value of the rewards associated with the selected credit card(s). You can click the currency to edit the value or change it to reflect transfer partners.
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Loyalty & Memberships

Hotel elite status, loyalty program status, and memberships. These are typically calculated based on a selection though some are calculated automatically. Most cards will not have anything in this section.
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Category Spending

Click on a category to enter how much you plan on spending. You can add or remove categories, change the order of the categories, or view additional options.
Change Order
Add Categories
Search for categories and click 'Add Category' to add it to the calculator. If you want to be more specific, you can specify domestic or international spend.
Type at least 3 characters.
Currently Selected:
Add Categories On Card Change
When you add/change a credit card comparision, the categories missing from the newly added card will be added to the list of categories. Toggle this off to prevent such from happening.
Clear Spend/Mobile
Clear All Spend will clear the spend in all categories in both columns and all saved values (cookies). Clear Mobile will remove the mobile pay option from all categories in both columns.
Copy Spend
Copies all spend amounts and their units of time from one column to the other. Does not copy mobilepay indicator.
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Reward Bonuses

Any extra bonuses to do with a specific card will be listed here. You can edit/add the Intro Bonus (SUB) under the Credit Card section.
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This is the sum of all rewards earned from Category Spending and Reward Bonuses along with the cash value of it all based on Currency Worth.
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Monetary Bonuses

This is the total of all cash bonuses associated with the card(s). You can change the value of those that feature the symbol. Other bonuses are automatic. If there's extra value (EV) you want to add to the card, you can click on the card under the Credit Card section. You can also click on to get details on the listed bonuses.
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Annual Fees

This is the sum of annual fees and authorized user fees associated with the credit card(s). You can edit the annual fee as well as change the number of authorized users by clicking on the card under the Credit Card section at the top of this calculator.
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Grand Total

The estimated cash value of the card(s). This is the sum of the Subtotal and Monetary Bonuses minus Annual Fees. The return is based on estimated cash value divided by total credit card spend.
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Unsure of what type of rewards card you're looking for? Use CardMatch™ to get matched with offers, which may include special and/or prequalifed offers, on cards you're more likely to qualify for. You never know what great offers you might receive!
Updated 2021-03-31 By Robert Flowers III

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