BofA Business Cash Rewards Card, Public Offer for $500 Bonus
Bank of America is offering the best ever bonus for its Business Advantage Cash Rewards Mastercard. We have seen this $500 bonus in the past, but now there is a public link available for everyone. Let’s check the details.
The Offer
$500 online statement credit bonus offer – Get a $500 statement credit when you make at least $5,000 in net purchases within 90 days of your account opening.
No annual fee.
You can find the offer page here.
Card Details
Bank of America Business Advantage Cash Rewards Mastercard previously earned 3% cash back at gas stations and office supply stores. Now the credit card lets you choose your own 3% category from a list of common expenses. Those six categories include:
- gas stations
- office supply stores
- travel
- television/telecom and wireless
- computer services
- business consulting services
You also earn 2% cash back on purchases at restaurants.
While you have more flexibility now with the six categories, there’s also some negative changes. Under this card’s previous rewards structure, you earned 3% cash back on $250,000 a year in combined spending at gas stations and office supply stores. The 2% cash back at restaurants was unlimited. Now Bank of America has lowered the annual limit to $50,000 in combined purchases on both the 3% and 2% categories.
If you’re a Business Advantage Relationship Rewards client, you can get an additional 25% – 75% rewards bonus on the base earn of every purchase you make. Learn more about Relationship Rewards.
Conclusion
The usual bonus is $200 or $300, so this new offer is clearly much better and a pretty good cash bonus in general. The spending requirement is high though, so make sure you can handle $5,000 in spending within 90 days. Keep in mind that the Business Advantage Relationship Rewards bonus doesn’t apply to the signup offer, only to cashback earned through spending.
Bank of America business cards do not get reported to personal credit agencies. So this could be an option for those looking for cashback bonuses while staying under 5/24.
HT: Doctor of Credit
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