Bank of America provides U.S. small-business owners a credit card that allows them to customize their primary cash-back category to match their spending [1].
This flexibility allows entrepreneurs to align their rewards with their specific operational costs, such as travel or office supplies, rather than relying on preset categories. By tailoring the rewards structure, businesses can maximize the return on their highest overhead expenses.
The card offers a cash-back rate of 3% on a category of the user's choice, 2% on groceries, and 1% on all other purchases [2]. However, these rewards are subject to quarterly spending caps. Cardholders can earn the higher rates on up to $2,500 per quarter for the 3% category and $2,500 per quarter for the 2% category [2].
"The Bank of America Customized Cash Rewards card lets you pick your top cash‑back category, making it great for flexibility, but spending caps may limit earnings," The Motley Fool said [3].
Financial terms for the card include a $0 annual fee [3]. For those managing existing debt, the card provides an introductory APR of 0% for balance transfers for 12 months [1]. The standard purchase APR is variable and ranges from 13.99% to 23.99% [1].
Business Insider said that the Business Advantage cardholders can apply this structure to business-related spend, which is valuable for those looking to maximize rewards on office supplies and travel [4].
Forbes Advisor said the card features no foreign-transaction fees, making it a potential tool for businesses with international vendors or travel requirements [2].
“The card offers a cash-back rate of 3% on a category of the user's choice, 2% on groceries, and 1% on all other purchases.”
The card targets small businesses with predictable, concentrated spending patterns. While the 3% reward is competitive, the $2,500 quarterly cap means the card is better suited for micro-businesses or as a secondary card rather than a primary vehicle for high-volume corporate spending.
