Bank of America Business Advantage Customized Cash Rewards Mastercard review

Bank of America lets the business pick where it earns 3% cash back. The choice categories are gas stations and EV charging stations (the default), office supply stores, travel, TV/telecom and wireless, computer services and business consulting services. Dining earns 2%, and the 3% and 2% rates apply to the first $50,000 in combined choice category and dining purchases each calendar year before dropping to 1%. The annual fee is $0 and there is a $500 online cash rewards bonus offer. The card pulls ahead for owners who already bank with Bank of America: members of Preferred Rewards for Business can earn up to 75% more cash back on every purchase, which Bank of America says can mean up to 5.25% in the choice category and up to 3.5% on dining at the Platinum Honors tier. Without that relationship, the base rates are close to the U.S. Bank Triple Cash card, which has four fixed 3% categories rather than one chosen category.

Who it is for

Bank of America business checking customers

Price

$0 annual fee.

Enjoy no annual fee while earning cash back.
Quoted from the vendor pricing page on November 12, 2026.

Key features

• 3% cash back in a choice category: gas and EV charging (default), office supply stores, travel, TV/telecom and wireless, computer services or business consulting services
• 2% cash back on dining purchases
• 3% and 2% rates apply to the first $50,000 in combined choice category and dining purchases each calendar year, then 1%
• Preferred Rewards for Business members can earn up to 75% more cash back on every purchase
• $500 online cash rewards bonus offer

Strengths and weaknesses

• Strength: Pick the 3% category that fits your business
• Strength: Up to 5.25% in the choice category for Preferred Rewards for Business Platinum Honors members
• Strength: Cash rewards can be deposited into an eligible Bank of America account
• Weakness: The 75% boost needs a Bank of America relationship and balances
• Weakness: Bonus rates stop at $50,000 in combined spend per calendar year
• Weakness: Only one 3% category at a time

Key facts

• Annual fee: $0
• Top rate: 3% in a chosen category, up to 5.25% with Platinum Honors
• Bonus cap: $50,000 combined choice and dining spend per year
• Welcome offer: $500 online cash rewards bonus

Where it ranks

Bank of America Business Advantage Customized Cash Rewards Mastercard is No. 8 in our Best Business Credit Cards verdict.