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The Points Guy believes that credit cards can transform lives, helping you leverage everyday spending for cash back or travel experiences that might otherwise be out of reach. That's why we publish a variety of editorial content and card comparisons: to help you find a great card to turn your goals into reality.
Our site may earn compensation when a customer clicks on a link, when an application is approved, or when an account is opened with our partners, and this may impact how or where these products appear. While we don't cover all available credit cards, our editorial team creates and maintains all of the analysis of these cards, and our content is not influenced nor subject to review by any credit card company, bank or partner prior to (or after) publication. Please view our advertising policy and product review methodology for more information.
Reviews
Bank of America Business Advantage Customized Cash Rewards review: The king of customization
Madison Blancaflor is the managing editor for TPG's content operations team. She focuses on helping TPG's broader editorial team bring news, features and advice to readers. She has nearly six years of experience covering the credit cards and travel industries.
When Ryan worked as a TPG credit cards writer, he oversaw refreshes of card reviews and card offer stories. He enjoyed racking up cash back and helping readers maximize their points and miles for their next big trip.
also contributed to this story
March 13, 2026 • 8 min read
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Quick summary
A customizable business cash-back card allows small businesses to select their top earning category from several business-related options.
The card offers elevated rewards for those enrolled in a specific loyalty program, with potential for significant annual cash-back earnings.
There is no annual fee, and the card includes travel protections uncommon for cash-back products.
Redemption options are straightforward, providing a consistent value for all cash-back earned.
What to consider
Bonus category earnings are capped annually, after which a lower rate applies to all purchases.
The top earning category can be changed monthly, offering flexibility for businesses with shifting expenses.
Foreign transaction fees apply, and maximizing value is best for those in the loyalty program.
What you'll miss from the article
A detailed comparison of alternative business cards and guidance on which types of businesses benefit most from this customizable rewards structure.
Generated by AI with support from our editorial team.
Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card
TPG editor's rating3.5
TPG editor's rating3.5
at Bank of America's secure site.
Rewards rate
Rewards rate
Rate
Category
3%
Earn 3% cash back in the category of your choice (for the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter).
2%
Earn 2% cash back on dining purchases (for the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter).
1%
Earn 1% cash back on all other purchases.
Intro offer
Get a $500 online cash rewards bonus
Annual fee
$0
Regular APR
16.99% - 26.99% Variable APR on purchases and balance transfers
Recommended credit
Excellent Credit
Bank of America® Business Advantage Customized Cash Rewards Mastercard® overview
The offers small businesses a way to mold their rewards structure to fit changing business needs. If you qualify for the Preferred Rewards® program, this no-annual-fee card can easily earn you thousands of dollars in cash back each year. Card Rating*: ⭐⭐⭐½
*Card Rating is based on the opinion of TPG’s editors and is not influenced by the card issuer.
Points and miles are an integral part of maximizing your credit card rewards strategy, but there is something to be said for a strong cash-back credit card — especially when that cash-back credit card lets you customize its rewards structure to fit your business’s unique spending habits.
The won’t win any awards for the most lucrative sign-up bonus or luxury perks, but it does have a lot to offer small-business owners. It’s one of the best cash-back business cards for existing Bank of America business customers.
The card has no annual fee, and we recommend applicants have a credit score of 740 or higher to increase their chances of getting approved. Here's what else you need to know before applying.
BofA Business Advantage Customized Cash Rewards pros and cons
Pros
Cons
Multiple bonus cash-back categories
Unlimited flat-rate cash back on all other purchases (after meeting the cap)
No annual fee
Has an introductory APR offer
Elevated rewards for Bank of America Preferred Rewards for Business program members
Charges foreign transaction fees
Capped earnings on bonus categories
The bonus category has to be manually chosen and can only be changed once a month
BofA Business Advantage Customized Cash Rewards welcome offer
With the , new cardmembers can earn a $500 online cash rewards bonus after spending $5,000 on purchases in the first 90 days of your account opening.
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Cardholders will enjoy a 0% introductory APR on purchases for the first seven billing cycles. After the intro APR offer ends, a variable APR will apply. This is currently between 16.99% - 26.99%.
BofA Business Advantage Customized Cash Rewards benefits
As is typical with a no-annual-fee card, the doesn’t come with many perks or benefits. The card does come with a suite of online services to help you manage your business, including the ability to download your transactions into Quickbooks for easy organization come tax season.
Earning cash back on the BofA Business Advantage Customized Cash Rewards
The card has a somewhat unique rewards structure that mirrors the personal version. You’ll earn 3% back on the business-friendly category of your choice from the following list:
Gas stations and EV charging stations
Office supply stores
Travel
TV/telecom and wireless services
Computer services
Business consulting services
You’ll also get 2% back on dining and 1% on everything else. However, there is a cap on bonus category spending. You’ll get 3% and 2% back on the first $50,000 in combined spending within those categories. After you meet the $50,000 limit, you'll earn 1% on all purchases.
MASKOT/GETTY IMAGES
You can change your 3% category from month to month, which is an excellent benefit for businesses with changing needs throughout the year. For example, you may want 3% back on computer services when upgrading your software, but two months later, you might want to switch to business consulting services. This card gives you the flexibility to earn 3% where and when you need it.
This card becomes extremely valuable when your business qualifies for Bank of America Preferred Rewards. You get a bonus on all rewards earned if you have an average combined balance of at least $20,000 in eligible Bank of America business accounts.
Take a look at what this rewards structure becomes when you qualify for each of the three Preferred Rewards tiers:
Gold
Platinum
Platinum Honors
Diamond
Combined account balance needed:
$20,000 — $50,000
$50,000 — $100,000
$100,000+
$1,000,000+
Chosen category spending:
3.75%
4.5%
5.25%
5.25%
Dining spending:
2.5%
3%
3.5%
3.5%
Nonbonus spending:
1.25%
1.5%
1.75%
1.75%
The Preferred Rewards program can turn this rewards structure into one of the most lucrative available, especially for a no-annual-fee business card. Platinum and Diamond Honors members can make up to $2,625 in cash back each year in bonus spending.
Redeeming cash back on the BofA Business Advantage Customized Cash Rewards
You can redeem your cash back as a deposit into an eligible Bank of America account, a statement credit on your credit card bill, or a check sent by mail. Because rewards are worth a flat 1 cent each, you never have to worry about subpar redemption options. No matter how you decide to redeem your rewards, you’re getting the same value.
DRAZEN_/GETTY IMAGES
Of course, this also means there isn’t a way to stretch the value of your rewards. For this reason, points and miles experts may not be fans of cash-back business cards, but it will still make sense for some. TPG credit cards editor Emily Thompson, for example, enjoys the simplicity of the cash-back redemption process.
Which cards compete with the BofA Business Advantage Customized Cash Rewards?
If you aren’t a member of the Preferred Rewards program through your business accounts, you may want to look at alternatives to the . Here are some solid options:
If you want more general rewards: The (see rates and fees) earns 5% back at office supply stores and on internet, cable and phone services, plus 2% at gas stations and restaurants. This card has a lower rewards cap of $25,000 in spending each account anniversary year, but you’ll be earning rewards across all categories simultaneously. For more information, read our full review of the Ink Business Cash.
If you spend more on travel, shipping and advertising: The (see rates and fees) earns 3 points per dollar on up to $150,000 in spending each account anniversary year on travel, shipping purchases, internet, cable and phone services and advertising purchases with social media sites and search engines. For more information, read our full review of the Ink Business Preferred.
Is the BofA Business Advantage Customized Cash Rewards worth it?
Existing Bank of America Preferred Rewards business customers should consider the . It offers a strong rewards structure and the flexibility to tailor it to your business needs. However, business owners who are not Bank of America Preferred Rewards members or have more consistent spending habits may prefer a different credit card.
Bottom line
While you aren’t getting any luxury perks with this card, the card allows you to easily earn thousands of dollars in rewards each year without paying an annual fee.
There are more lucrative business cards, but this is a strong contender for small and medium-sized businesses looking for a customizable credit card to fit spending needs.
By commenting, you agree to our Community Guidelines to help create a positive space for conversation. The responses below are not provided or commissioned by the bank advertiser, our partners, or The Points Guy (“TPG”). They have not been reviewed, approved, or otherwise endorsed by any of these parties. All responses are submitted by individual contributors, and neither the bank advertiser, our partners, nor TPG are responsible for ensuring that all posts and/or questions are answered.
