Cash Back Calculator: BofA Business Advantage Cash Rewards

Credit Card Cash Back Calculator
Calculate how much cash back you can earn with the Bank of America Business Advantage Customized Cash Rewards credit card and compare against top cards.
Last Updated 2021-12-21

The Bank of America® Business Advantage Customized Cash Rewards credit card is a great small business cash back card that rewards you the most when you're a Preferred Rewards for Business client.

The card offers 3% cash back on one select business category of your choosing, 2% back on dining, and 1% back on everything else. As a Preferred Rewards member, you'll be able to earn a 25% to 75% point bonus on your spending.

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.

Card Details At-A-Glance

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Issued By
Annual Fee
Foreign Transaction Fee

Bonus Categories

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

3% On Select Category

With the Business Advantage Customized Cash Rewards credit card, you'll be able to choose one select category to earn 3% cash back in. Non-selected categories will earn at the non-category rate of 1% cash back.

2% Dining

The Business Advantage Customized Cash Rewards credit card earns 2% cash back on dining purchases.

1% Everything Else

All other purchases on the Business Advantage Customized Cash Rewards credit card will earn 1% cash back.

Business Advantage Customized Cash Rewards 3% Categories

You can select one of the following six categories to earn 3% cash back in with the Business Advantage Customized Cash Rewards credit card:

You'll earn 1% cash back on the unselected categories.

Gas Station

When selected, the Business Advantage Customized Cash Rewards credit card will earn 3% cash back on gas station purchases.

Office Supply Store

When selected, the Business Advantage Customized Cash Rewards credit card will earn 3% cash back on office supply store purchases.

Travel

When selected, the Business Advantage Customized Cash Rewards credit card will earn 3% cash back on travel purchases. This includes airfare, hotels, car rentals, and other travel related purchases.

TV, Telecom and Wireless

When selected, the Business Advantage Customized Cash Rewards credit 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.

Computer Services

When selected, the Business Advantage Customized Cash Rewards credit card will earn 3% cash back on computer services. This applies to network services, computers and computer equipment including software, integrated system design and data processing services.

Business Consulting

When selected, the Business Advantage Customized Cash Rewards credit card will earn 3% cash back on business consulting purchases. This applies to consulting, public relations, legal, accounting, tax preparation and general and professional consulting services.

Card Benefits

Preferred Rewards Client Bonus

As a Preferred Rewards Client, you'll be able to earn between 25% and 75% bonus points on purchases made to the Business Advantage Customized Cash Rewards credit card. The amount of bonus points you earn is based on how much you have invested with Bank of America, Merrill Edge, or Merrill Lynch on a 3-month average across accounts.

Preferred Rewards
Tier Bonus Points
Preferred Rewards Gold 25% Bonus
Preferred Rewards Platinum 50% Bonus
Preferred Rewards Platinum Honors, Diamond, or Diamond Honors 75% Bonus

Redeeming Cash Back

Cash Back earned with the Business Advantage Customized Cash Rewards credit card can be used in several ways. It can be redeemed in any amount and at any time for statement credits, deposits made directly into a Bank of America checking or savings account, or for credit to an eligible account with Merrill Lynch® or Merrill Edge®.

Redemptions for a contribution to a qualifying 529 account with Merrill Lynch or Merrill Edge or for a check start at $25. You can set up automatic redemptions for Bank of America®, Merrill Lynch®, or Merrill Edge® accounts starting at $25.

Cash Back Calculator

Calculate how much cash back you can earn with the Business Advantage Customized Cash Rewards credit card based on your spend. Results can be compared side by side any U.S. credit card featured on the site.

Any spend entered into the primary card column (the first column) will carry over to all credit card calculators on the site, so there's no need to re-enter spend when viewing other credit cards.

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