A cash-back credit card like the Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card can help save money on business expenses. It offers up to 3% cash back in a category of your choice, 2% on dining, and 1% on everything else. There’s a $0 annual fee and a $300 welcome offer if you spend $3,000 in the first 90 days.
With the Bank of America® Business Advantage Customized Cash Rewards Mastercard®, business owners can earn valuable cash back rewards. Additional cash back can be earned with larger deposit and investing balances, up to 75%. There’s a 0% intro APR on purchases for the first 9 billing cycles, then a variable APR of 17.49% – 27.49%.
One of the biggest benefits of the Bank of America Business Advantage Customized Cash Rewards card is the introductory 0% APR. This allows you to pay 0% interest on new purchases for the first nine billing cycles after account opening, with a variable APR of 17.24% to 27.24% thereafter. Other benefits include cash flow management tools, a free business credit score, overdraft protection, and travel accident insurance.
The card offers tiered cash back in different spending categories, with the 3% and 2% bonus rewards applying to the first $50,000 in purchases across both categories. You can choose from six different 3% bonus categories, including gas stations, travel, and computer services. Rewards do not expire as long as the credit card is open and in good standing.
To maximize rewards, choose the 3% category where you spend most each month. Depending on your spending habits, you can earn up to $1,500 in annual cash back. Additional rewards can be earned by qualifying for Preferred Rewards, boosting cash-back earnings. Redeem your cash rewards for deposit into a Bank of America account, as a statement credit, or by check.
The Bank of America Business Advantage Customized Cash Rewards card is best for business owners who want to earn cash back without an annual fee. Consider your specific business spending to determine if the card is right for you. Preferred Rewards can boost cash-back earnings significantly based on your balance, offering up to 5.25% cash back in your choice category.
The American Express Business Gold Card offers 4x points on your top two eligible spending categories each month, up to $150,000 spent annually. It also features 3x points on flights and prepaid hotels, plus additional benefits like annual statement credits and no foreign transaction fees. A $150 annual fee applies.
For business owners with large annual expenses, the Capital One Spark Cash Plus card is ideal. It offers unlimited 2% cash back on all purchases and 5% cash back on rental cars and hotel stays booked through Capital One Travel. The card requires payment in full each month and charges an annual fee, refundable when spending $150,000 annually.
The Ink Business Unlimited Credit Card earns unlimited 1.5% cash back on all purchases for your business, with no categories or spending limits. New cardholders can earn a valuable welcome bonus and enjoy an introductory 0% APR on new purchases. Additional benefits include primary rental car coverage and roadside assistance.
Read more at Yahoo Finance: Earn more rewards on your top expenses