Business Advantage Customized Cash Rewards
By Alex Compton · Last verified
Pick your 3% category and let Preferred Rewards push it toward 5.25%.
Welcome Bonus
$500
≈$500 value
Spend Requirement
$5,000
in 3 months
Annual Fee
$0
3% FTF
Credit Score
700+
(Good-Excellent)
Current offer note: $500 online cash rewards bonus after $5,000 in purchases within 90 days of account opening
Historical Offers Chart
Every public offer change we've tracked. Hover for details, timing your application is worth hundreds of dollars.
Apply now or wait?
Apply nowThis is the best public offer this card has ever had. In 4 tracked offers going back to 2022, nothing has beaten $500.
Current offer
$500
All-time high
$500
Typical offer
$300
In place since
October 2026
| Observed | Offer | Requirement | What changed | Evidence |
|---|---|---|---|---|
| 2026-10-12 | $500 | $5,000 in 3 mo | Bonus increased: $300 → $500 · Spend: $3,000 → $5,000$500 online cash rewards bonus after $5,000 in purchases within 90 days of account opening | Bank of America Business Advantage Customized Cash Rewards product page → |
| 2026-06 | $300 | $3,000 in 3 mo | Terms reconfirmed$300 online cash bonus | Archive record · no attached snapshot |
| 2024-06 | $300 | $3,000 in 3 mo | Terms reconfirmed$300 online cash bonus | Archive record · no attached snapshot |
| 2022-01 | $300 | $3,000 in 3 mo | Earliest record$300 online cash bonus | Archive record · no attached snapshot |
Primary-source verification log
Append-only evidence ledger- changed
Bonus raised from $300 after $3,000 to $500 after $5,000 in 90 days; old URL returns 404, new business.bankofamerica.com page
Fields: currentOffer, applyUrl, pros, cons
Bank of America Business Advantage Customized Cash Rewards product page →
Source checked 2026-10-12 · spot an outdated offer? Report a correction above.
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Earning Rates
- 3xCategory of your choiceGas and EV charging, office supply, travel, TV/telecom and wireless, computer services, or business consulting
- 2xDining
- 1xEverything else3% and 2% rates apply to the first $50,000 in combined choice category and dining purchases each year
Credits
No statement credits, this card wins on earn rates, not coupons.
Benefits
- ✦Preferred Rewards for Business boosts cash back 25% to 75%
- ✦Free employee cards
- ✦Travel accident and auto rental coverage
Why it earns its spot
- +3% in a category you pick, up to 5.25% with Platinum Honors
- +No annual fee and a $500 welcome bonus
Where it costs you
- −$50,000 yearly cap on boosted categories, and the $500 bonus needs $5,000 in 90 days
- −3% foreign transaction fee
- −1% everywhere else is below market
The Compound Verdict
A solid no fee workhorse if your business spends heavily in one of the six choice categories. With a Preferred Rewards for Business relationship the effective rate gets genuinely hard to beat. Without one, a flat 2% card probably serves you better.
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