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Bank of AmericaChecked Oct 4, 2026

Business Advantage Cash Rewards Credit Card with 3% Choice Category

$500 cash rewards after you spend $5,000 in 3 months. No annual fee.

Welcome offer
Annual fee
Purchase APR
See it on bankofamerica.comRates and fees

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What it's worth

Yearly value in dollars: rewards and credits minus the annual fee, for three ways of spending. First year includes any welcome bonus.
SpendingFirst yearAfter
Light spender$130$130
Typical spender$340$335
Heavy spender$735$730
The spending each assumes, a month
  • Light spender: groceries $300, dining $100, gas $100, everything else $500
  • Typical spender: groceries $600, dining $300, gas $200, travel $150, everything else $1,250
  • Heavy spender: groceries $900, dining $600, gas $300, travel $600, airfare $300, hotels $300, everything else $2,500

Assumed: welcome bonus needs $5,000 in 3 months.

Estimates from the published terms above, as checked Oct 4, 2026; not advice. How we value cards

How it compares

  • No annual fee, like about 85% of the 626 cards we track.
  • Worth more to a typical spender than about 80% of the 650 cards we track.
  • Lower top APR than about 70% of the 128 cards on our Sign-up bonuses list (see the list).

Shares rounded to 5 points. Fees and APRs as stated; value for our typical spender. Method

Welcome offer

$500 cash

After you spend $5,000 on purchases in your first 3 months.

Online-only offer; the spending must occur within 90 days of account opening.

Spending it takes$1,667 a monthfor 3 months
Tracking sinceSep 29, 2026history will chart every change

How you earn · Cash Rewards

  • 3%the category of your choice (gas stations and electric vehicle (EV) charging stations, office supply stores, travel, TV/telecom & wireless, computer services, or business consulting services)
  • 2%dining purchases
  • 1%Everything else

Rates and fees

Annual fee
Purchase APRvariable
Intro APRfirst 7 billing cycles
Balance transfer APR
Cash advance APR

Carrying a balance? See how long it takes to pay off

Benefits

  • Travel services include emergency ticket replacement, lost luggage assistance, and legal and medical referrals when away from home.
  • $1 million in travel accident insurance.
  • Preferred Rewards for Business members can earn 25%, 50%, or 75% more rewards for Gold, Platinum, or Platinum Honors tiers, respectively.
  • Free access to Dun & Bradstreet business credit scores within Business Advantage 360 for eligible U.S.-based Bank of America small business clients with an open and active Small Business account, Dun & Bradstreet business credit scores, and proper enrollment.
  • Advanced security, fraud monitoring, zero liability protection for unauthorized transactions, digital wallet access, cash flow management tools, paperless statement option, and Balance Connect overdraft protection are listed as card features or protections.
  • Rental car
  • Travel accident: $1 million
  • Purchase protection
  • Extended warranty

Questions

What is the annual fee?
$0 bankofamerica.com, since Sep 29, 2026
What is the purchase APR?
16.99–26.99% APR bankofamerica.com, since Oct 2, 2026
Is there an intro APR?
0% for first 7 billing cycles. bankofamerica.com, since Sep 29, 2026
Is there a welcome bonus?
$500 cash back after $5,000 in purchases in 3 months. bankofamerica.com, since Oct 2, 2026

Other cash back cards with no annual fee

Against this card, for our typical spender's value (rewards and credits minus fees, after the first year).

See it on bankofamerica.com