Bank of America Business Advantage Customized Cash Rewards review: Earn more rewards on your top expenses

Core Points - The Bank of America® Business Advantage Customized Cash Rewards Mastercard® offers business owners the opportunity to earn cash back on expenses, with up to 3% in a chosen category, 2% on dining, and 1% on all other purchases [1][3][10] Summary by Category Card Features - No annual fee is charged for the card, making it cost-effective for business owners [3][10] - A welcome offer includes a $300 online statement credit after spending at least $3,000 within the first 90 days [3] - The card provides an introductory APR of 0% on purchases for the first 9 billing cycles, after which a variable APR of 17.49% to 27.49% applies [3][10] Rewards Structure - Cardholders can earn 3% cash back in a selected category, which includes options like gas stations, office supply stores, and travel, with a cap of $50,000 on combined 3% and 2% cash back purchases each calendar year [3][6][12] - An additional 75% cash back can be earned for those with larger deposit and investment balances who qualify for the Preferred Rewards program, potentially increasing cash back to 5.25% in the chosen category [7][13] Redemption Options - Cash rewards can be redeemed as a deposit into a Bank of America checking or savings account, as a statement credit, or as a mailed check [8][9] - Rewards do not expire as long as the credit card account remains open and in good standing [9] Additional Benefits - The card includes features such as free employee cards, cash flow management tools, and travel accident insurance when used for travel bookings [11][14] - Overdraft protection is available by linking the card to a checking account, which helps avoid declined purchases [11] Target Audience - The card is particularly suited for business owners who want flexibility in earning cash back without an annual fee, especially those with fluctuating expenses [10][19]