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Choose how you earn rewards with Bank of America’s updated business cash back card

Earn the 3-percent bonus rate on one of 6 choice categories


Choice categories include gas stations, office supply stores, travel, TV/telecom and wireless, computer services and business consulting services.

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The Bank of America® Business Advantage Cash Rewards Mastercard® credit card has updated its rewards structure to give business owners more control over how they earn cash back. Now, instead of earning a 3-percent bonus on fixed categories, cardholders can choose from one of six popular earning categories, including gas stations, office supply stores, travel, TV/telecom and wireless, computer services and business consulting services.

Additionally, the card’s sign-up bonus has increased: New cardholders will earn a $300 online statement credit when they spend $3,000 in the first 90 days of card membership.

See how the updated card compares to the previous offer:

Updated offerPrevious offer
Card art
Rewards rate
  • 3% cash back on choice of one of the following categories: gas stations, office supply stores, travel, TV/telecom & wireless, computer services or business consulting services
  • 2% cash back on dining
  • $50,000 combined limit on 2% and 3% categories each calendar year
  • 1% cash back on all other purchases
  • 3% cash back at gas station and office supply stores (up to $250,000 in purchases per year, 1% thereafter)
  • 2% cash back at restaurants
  • 1% cash back on other purchases
Sign-up bonus$300 if you spend $3,000 in first 90 days$200 if you spend $500 in first 60 days

Cardholders will continue to earn 2 percent cash back on dining (for the first $50,000 in combined choice category and dining purchases each calendar year), and 1 percent cash back on everything else.

Business Advantage Cash Rewards card details

With the updated rewards rate and increased sign-up bonus, the Business Advantage Cash Rewards Mastercard offers a great opportunity to earn a generous amount of cash back on business purchases without paying an annual fee.

Bank of America® Business Advantage Cash Rewards Mastercard® credit card

Why use it?

Whether you spend a lot on business travel, office supplies, gas, consulting services, dining or other company expenses, the Business Advantage Cash Rewards card is a great pick.

Read more

Card details at a glance:

  • Get a $300 sign-up bonus when you spend $3,000 in net purchases in first 90 days
  • Earn 3% cash back on choice category
  • 2% cash back on dining (for first $50,000 in combined choice category/dining purchases each calendar year)
  • 1% cash back on all other purchases
  • No annual fee
  • Estimated yearly rewards value ($4,000 monthly spend): $743

What purchases qualify for the choice category bonus?

Every purchase you make using your card is categorized using a merchant category code (MCC). Merchants are assigned an MCC based on the products and services they offer. While Bank of America does not have control over how a merchant classifies itself, they do group similar MCC’s into dining and choice categories to help maximize your bonus.

See what purchases qualify for the 3-percent bonus below.

Gas stations category

The gas category includes gas purchased at automated fuel dispensers and service stations with or without ancillary services, such as BP, Chevron and Circle K. The category excludes gas purchased at boat marinas and fuel from dealers whose primary line of business is heating oil, propane and other fuels.

Office supply stores category

The office supply stores category includes purchases made in the following merchant categories: stationary, office supplies, printing and writing paper, stationary stores, office and school supply stores. Merchants include Office Max, Office Depot, Staples and

Purchases made at variety, department warehouses or drug stores may not earn the bonus rate.

Travel category

A variety of merchants qualify for the travel category, including, but not limited to, airlines, bus lines, hotels, car rental agencies, taxis, parking lot and garages, suburban and local commuter passenger travel and travel agencies. For example, Delta Air Lines, Uber, Lyft, Hilton, Enterprise and Expedia are considered qualifying merchants.

TV, Telecom and Wireless category

This category includes the following merchants: cable, satellite and other pay television and radio, as well as telecommunication equipment, telephone sales, telecommunication services and telegraph services. For example, purchases made at AT&T, Netflix, Spotify, Cox Communication and Cricket Wireless qualify for the bonus.

Computer services category

Qualifying computer services merchants include computer network services, computer equipment, software and data processing services, such as Adobe, Intuit, Dell, Slack, Sage Software, Tech Data and more.

Business Consulting Services

Accounting, auditing and bookkeeping services, architectural and engineering services, management and consulting services and tax preparation services merchants are all included in the business consulting services category. For example, purchases made at H&R Block, LegalZoom, and One Legal qualify for the bonus.

See a full list of qualifying merchant categories here.

Selecting a choice category

The 3-percent bonus category is automatically set to gas; however, starting April 8, 2019, you can change the choice category one time each calendar month.

Keep in mind that you don’t have to change the choice category every month, or at all in fact. It will remain the same until you decide to update it. To select your choice category, log in to your account via Bank of America online banking or the mobile banking app.

Editorial Disclaimer

The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

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