View source for Bank of america business cash rewards card

{{Page|card|BOA cards}}

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{{CardInfobox
|Bank=Bank of America
|Webpage=//www.bankofamerica.com/smallbusiness/credit-cards/products/cash-rewards-business-credit-card/
|ApplyLink=https://secure.bankofamerica.com/applynow/initialize-workflow.go?requesttype=BCC&campaignid=2126351&productoffercode=SK
|BusinessVersion=Yes
|Fee=0
|Waived=
|FTF=3%
|Credit=
|CreditValue=
|CurrentOffer=
|CurrentSpend=
|CurrentSpendCustom=
|OfferLink=
|NormalOffer=$300
|NormalSpend=3000
|NormalCustom=
|NormalValue = 270
|NormalPer = .09
|PointType=
|SignupBonusChart=//www.uscreditcardguide.com/boa-cash-rewards-business-credit-card/#Historical_Offers_Chart
|BonusCategories=3-5.25% on 1 category of your choice

2-3.5% Restaurants

1-1.75% Everything Else
|CreditScore=
}}

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'''For most people, this card is primarily interesting for its signup bonus, particular when larger-than-normal offers are available. Some people can take advantage of the 3% reward rate on one of its less-common categories like "business consulting services".  However, if you are willing to transfer $100,000 in assets to Merrill Edge Investment account under your business' name, you can get a 75% reward boost, bring the reward rate to as high as 5.25%.'''

{{TOC|All}}
*[[#Bank of America Preferred Rewards Program|Bank of America Preferred Rewards Program]]
*[[#Collecting the Signup Bonus|Signup Bonus]]
*[[#Other Notable Benefits|Other Notable Benefits]]
*[[#Getting Rid of the Card|Getting Rid of the Card]]
{{/TOC}}


=== Bank of America Preferred Rewards Program ===

{{BOA Preferred Rewards}}

Unfortunately, Bank of America doesn't count personal assets towards qualifying for Preferred Rewards status for business credit cards (or vice versa). If you want higher rewards from this card (and the business Travel Rewards Card), the assets will need to be associated with your business. But depending on the type of business you have, you may be able to transfer personal assets to a business-titled account in order to qualify for status for your Bank of America business credit cards and accounts.

=== Collecting the Signup Bonus ===

<ul class="bulletlist">
<li>'''When the $500 signup offer is available, it is worth signing up for this card just for the bonus'''.  The $300 normal bonus is less attractive. However, since the card isn't affected by most of Bank of America's restrictions and doesn't show up on your personal credit report, there isn't much of a downside to get the card. And you'll likely earn a few extra bonus points from its bonus categories during the first year.</li> 

<li>'''Most of Bank of America's restrictions don't apply to their business cards'''. For example, you can still be approved even if you've signed up for more than 3 cards in the last 12 months (7 for Bank of America customers). There are no explicit rules about having multiple copies of this card.</li>
</ul>

=== Bonus categories ===

You can choose to earn a base rate of 3% on one of six categories:

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*'''Gas'''
*'''Office Supply Stores'''
*'''Travel'''
*'''TV, Telcom & Wireless'''
*'''Computer Services'''
*'''Business Consulting Services'''
</ul>

Bonus Category rewards from your choice of 3% category and the fixed 2% on dining are capped at $50,000 in spending each calendar year. This is much higher than the personal version's $2,500 in spending each quarter. 

At the maximum Preferred Rewards level, the 3% rate turns into a 5.25% rate. You can even change your category every calendar month, so you could earn 3-5.25% on computer services during one month, and 3-5.25% on office supply stores during another month.

=== Other Notable Benefits ===

<ul class="bulletlist">

{{Benefit World}}

{{Benefit BOA}}
</ul>

=== Getting Rid of the Card ===

Make sure to cash out your rewards before cancelling your card. 

If you aren't currently using your  Business Cash Rewards card, consider keeping it anyway. You aren't paying an annual fee and, sometime in the future, you may decide that you are willing to make the extra effort to maximize your rewards using its flexible bonus categories. 

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