Our illustration, not the card’s design
Bank of America credit card
Business Advantage Customized Cash Rewards credit card
No annual fee.
Checked Nov 1, 2026Updated
- Annual fee
- Receipt · Annual feeChecked Nov 1, 2026
Issuer's page · bankofamerica.com
The source states this figure; we have no exact sentence on file yet.
Select an underlined figure to see where it comes from.
In dollars
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.
| Spending | Value against the fee | First year | After |
|---|---|---|---|
| Light spender | $130 | $130 | |
| Typical spender | $335 | $335 | |
| Heavy spender | $730 | $730 |
The spending each assumes, and what isn’t counted
- Light spender: groceries $300, dining $100, gas $100, everything else $500 a month
- Typical spender: groceries $600, dining $300, gas $200, travel $150, everything else $1,250 a month
- Heavy spender: groceries $900, dining $600, gas $300, travel $600, airfare $300, hotels $300, everything else $2,500 a month
$130a year
The same in the first year and after.
The spending this assumes
A month: groceries $300, dining $100, gas $100, everything else $500.
$335a year
The same in the first year and after.
The spending this assumes
A month: groceries $600, dining $300, gas $200, travel $150, everything else $1,250.
$730a year
The same in the first year and after.
The spending this assumes
A month: groceries $900, dining $600, gas $300, travel $600, airfare $300, hotels $300, everything else $2,500.
Use your own spending
Estimates from the published terms above, as checked Nov 1, 2026; not advice. How we value cards
Against the market
How it compares
Worth more to a typical spender than about 75% of the 732 cards we track.
- No annual fee, like about 85% of the 711 cards we track.
Other cash back cards with no annual fee
- Citizens Summit World MastercardCitizens · No annual fee+$275 a year
- Wells Fargo Cash Back Credit CardWells Fargo · No annual fee+$265 a year
- Credit One Bank Omni RewardsCredit One · No annual fee+$265 a year
Against this card, for our typical spender’s value (rewards and credits minus fees, after the first year).
Shares rounded to 5 points. Fees and APRs as stated; value for our typical spender. Method
Rewards
How you earn
- 3%
- Category of your choice: Gas Stations & EV Charging Stations, Office Supply Stores, Travel, TV, Telecom and Wireless, Computer Services, or Business Consulting Services
- 2%
- Dining purchases
- 1%
- Everything else
Cash back, as a share of each purchase.
Benefits
- Cardholders may change the 3% choice category once each calendar month for future purchases through the Mobile Banking app or Business Advantage 360.
- The initial choice category is set to gas stations & EV charging stations before the first change.
- Preferred Rewards for Business enrolled members with eligible cards may receive 25% more cash back at the Gold tier, 50% more at the Platinum tier, or 75% more at the Platinum Honors tier on each purchase.
- The Preferred Rewards for Business bonus is applied after base and bonus cash rewards have been calculated and is not applied to an account opening bonus, if applicable.
- The card has no annual fee.
Every figure with its receipt
Rates and fees
| Annual fee | Receipt · Annual feeChecked Nov 1, 2026 Issuer's page · bankofamerica.com The source states this figure; we have no exact sentence on file yet. |
|---|
Before you apply
- What the application asks: your name, address, date of birth, Social Security number (or ITIN), income and housing payment. By law the issuer must consider your ability to pay (Regulation Z, 1026.51).
- Your credit report: applying usually means a hard inquiry, which can lower your score slightly for a while. Some issuers let you check whether you’re pre-approved first without one. How credit reports work (CFPB)
Questions
- What is the annual fee?
- no annual fee · bankofamerica.com, since Sep 29, 2026