Business Advantage Customized Cash Rewards Mastercard®
A no-annual-fee business card from Bank of America.
Rates, fees, and full terms are set by Bank of America and can change. See current rates & fees on the issuer’s site, and always confirm the latest terms before applying.
Our review
The Business Advantage Customized Cash Rewards Mastercard® is a category rewards card from Bank of America, running on the Mastercard network. The Business Advantage Customized Cash Rewards Mastercard® earns up to 3x on gas and dining, so it pays you the most exactly where you already spend. There is no annual fee, which means every dollar of rewards is pure profit. New cardholders can earn $500 online cash rewards bonus after $5,000 in 90 days.
It earns its keep without an annual fee, which is rare for a card with real bonus categories. That combination makes it a strong everyday keeper that you never have to justify paying for.
Think twice if: your spending does not line up with its bonus categories, or if you would rather not think about where you swipe at all.
Our 7.7 out of 10 rating
Each score weighs the rewards rate, value after the annual fee, welcome offer, points flexibility, and perks, with every point valued at a flat 1 cent. This is our editorial assessment to help you compare cards, not a guarantee of approval or of the value you will get.
Earning rates at a glance
Rewards: how it earns
Where the Business Advantage Customized Cash Rewards Mastercard® earns its rewards is its bonus categories: 3% back on gas (about $54 a year on the $1,800 a business typically spends there) and 2% back on dining (about $48 a year on the $2,400 a business typically spends there). Across a full year of business spending, the card returns roughly $510 in rewards before any welcome bonus, so the more your spending overlaps those categories, the better it does.
| Category | Rate | Notes |
|---|---|---|
| Gas | 3% back | Bonus category |
| Dining and restaurants | 2% back | Bonus category |
| Groceries | 1% back | Base rate |
| Travel | 1% back | Base rate |
| Streaming | 1% back | Base rate |
| Everything else | 1% back | Everything else |
The fine print on rates: The 3% category is your choice and can be changed; gas is shown here as the default. The Preferred Rewards boost requires a qualifying Bank of America business banking relationship.
Every point and mile above is valued at a flat 1 cent, the same honest standard we use for every card. Run your own spending through the calculator to see what this card would actually return for you.
Best ways to earn & redeem
Put your gas and dining spending on this card to earn at its highest rates, and let a different card handle the categories it does not bonus.
When you cash in, take the rewards as cash back or a statement credit, worth a flat 1 cent each. We value every point at a flat 1 cent, so treat any transfer upside as a bonus rather than the baseline — see what your points are really worth.
Pros and cons
- 3x on gas
- 2x on dining
- No annual fee
- Welcome offer worth about $500
- Few real drawbacks for the right user
The welcome bonus
The current welcome offer is $500 online cash rewards bonus, earned after you spend $5,000 in 90 days. Valued honestly at a flat 1 cent per point, that is worth about $500. Stacking the welcome offer on top of a typical year of rewards and accounting for no annual fee, the first year is worth roughly $1,010.
First-year value vs ongoing value
| Welcome bonus | $500 online cash rewards bonus |
| To earn it | $5,000 in 90 days |
| Est. first-year value* | $1,010 |
| Est. ongoing value / yr* | $510 |
The welcome bonus makes year one the high point: roughly $1,010 in value once you count the bonus, this card’s rewards, and its credits, minus the no fee. After that, the honest figure is about $510 a year, so judge whether it earns its keep on the ongoing number, not the first-year headline.
*First-year value counts the welcome bonus, estimated rewards, and annual credits, minus the annual fee; ongoing value is a typical year after. Every point at a flat 1 cent, on average spending.
Benefits and protections
Beyond the rewards, the perks and protections worth knowing about include:
- Business Advantage Preferred Rewards members earn 25% to 75% more cash back
Statement credits
This card does not come with recurring statement credits. Its value is in the rewards rate and welcome offer.
Who should get it, and who should skip it
It is best for small-business owners and freelancers who want to separate business spending, earn on it, and hand out employee cards at no extra cost.
Skip it if your spending does not line up with its bonus categories, or if you would rather not think about where you swipe at all.
Alternatives to the Business Advantage Customized Cash Rewards Mastercard®
Pairs well with
The Business Advantage Customized Cash Rewards Mastercard® earns the most in its bonus categories, so pair it with a no-fee flat-rate card to cover everything it only earns a base rate on.
Frequently asked questions
Best-card guides featuring this card
Learn more
How does it rank for your spending?
Every card is ranked by what it actually returns on the way you spend. Run your numbers and see where the Business Advantage Customized Cash Rewards Mastercard® lands.
Calculate My CardOffer details verified against issuer sources as of October 2026. Editorial opinions are our own. Cardocrat values all points at a flat 1 cent and never inflates redemptions.
