BofA Business Cash Rewards Now Has a Targeted $500 Bonus

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BofA Business Cash Rewards $500

BofA Business Cash Rewards Now Has a Targeted $500 Bonus

Bank of America is offering the best ever bonus for its Business Advantage Cash Rewards Mastercard. Some people have been targeted with an offer to earn $500. That’s much better that the $300 bonus we usually wee on the card.

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.

There’s no direct link to this offer. It was sent by email and includes a unique link that you can use to apply, if you were targeted.

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.


The usual bonus is $200, and we see a $300 public bonus sometimes. So this new offer is clearly much better, and a pretty good cash bonus in general. 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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