Banc of California Mastercard® Business Cash Preferred Card Review for 2022
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This article is part of a larger series on Best Small Business Credit Cards.
The Banc of California Mastercard® Business Cash Preferred Card is designed for business owners who prefer to earn unlimited cash back rewards. This small business credit card allows you to redeem your cash back as a deposit to a qualifying PayPal account. It has no annual fee and comes with a low ongoing percentage rate (APR).
To see how this card stacks up against others that we have reviewed on our site, click Add to Compare on the card below and select up to two additional cards for comparison.
Banc of California Mastercard® Business Cash Preferred Card
Intro APR
0% APR for the first six billing cycles
Regular APR
13.99% to 22.99% variable
Annual Fee
$0
Credit Needed
Good
- $25 cash back awarded after making your first purchase
- $100 annual software credit after 11 consecutive monthly software transactions
- Earn 3% cash back on gas, cellphone services, office supplies, and dining expenses; and 1% on all other purchases
Pros
- Sign-up bonus
- No annual fee
- Unlimited rewards
Cons
- Short 0% APR period
- No 0% APR on balance transfers
- Rewards do expire
- Free employee cards with individual credit limits
- Protection against terminated employees’ misuse up to $100,000.
- Free online reporting with spend analysis to help you make informed decisions about your expenses.
Intro APR
0% APR for the first six billing cycles
Regular APR
13.99% to 22.99% variable
Annual Fee
$0
Credit Needed
Good
- $25 cash back awarded after making your first purchase
- $100 annual software credit after 11 consecutive monthly software transactions
- Earn 3% cash back on gas, cellphone services, office supplies, and dining expenses; and 1% on all other purchases
Pros
- Sign-up bonus
- No annual fee
- Unlimited rewards
Cons
- Short 0% APR period
- No 0% APR on balance transfers
- Rewards do expire
- Free employee cards with individual credit limits
- Protection against terminated employees’ misuse up to $100,000.
- Free online reporting with spend analysis to help you make informed decisions about your expenses.
How We Evaluate Cash Back Business Credit Cards
When grading cash back business credit cards like the Banc of California Mastercard® Business Cash Preferred Card, we first consider the ongoing and introductory rewards. We also rate the annual fee, introductory and ongoing annual percentage rates, and other card benefits.
Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
Ongoing Rewards | 20 | 30 |
Introductory Rewards | 10 | 20 |
Annual Fee | 15 | 15 |
Features | 15 | 15 |
Introductory APR | 5 | 10 |
Ongoing APR | 8 | 10 |
Total Score | 73 | 100 |
Who Is The Banc of California Mastercard® Business Cash Preferred Card Best For?
- Business owners who prefer to earn cash back: The Banc of California Mastercard® Business Cash Preferred Card offers cash back rewards on everyday business purchases.
- Business owners who pay for software subscriptions: This business credit card offers a $100 annual software credit when you use the card to pay for a software subscription for 11 consecutive months.
Banc of California Mastercard® Business Cash Preferred Card Fees
- Introductory APR: 0% APR on purchases for the first six billing cycles after opening an account
- Ongoing APR: 13.99% to 22.99% variable
- Annual fee: $0
- Balance transfer fee: $5 or 3% of the amount transferred, whichever is higher
- Foreign transaction fee: 2% of each foreign transaction in United States dollars or 3% of each foreign transaction in a foreign currency
- Cash advance fee: $10 or 4% of the amount of each transaction, whichever is greater—APR is 25.99%
How to Make Payments on the Banc of California Mastercard® Business Cash Preferred Card
- Online: Log in to your account at www.myaccountaccess.com.
- Auto Pay: Set up an automatic monthly withdrawal from a checking or savings account.
- By Phone: Call 1-866-486-1017.
Banc of California Mastercard® Business Cash Preferred Card Rewards
- $25 cash back bonus after making your first purchase
- 3% cash back on eligible purchases at gas stations, cellphone service providers, office supply stores, and restaurants
- Unlimited 1% cash back on all other eligible purchases
- $100 annual software credit after using your card to pay software subscriptions for 11 consecutive months
You can redeem your cash back as a statement credit or rewards card, or you can deposit it to a qualifying account or PayPal. Each redemption requires a $25 minimum amount and must be redeemed in increments of $25. You can also enroll in Real-Time Rewards to redeem cash rewards for purchases made with your Banc of California Mastercard® Business Cash Preferred Card.
Banc of California Mastercard® Business Cash Preferred Card Additional Features
Online Reporting With Spend Analysis
The Banc of California Mastercard® Business Cash Preferred Card offers a free online tool that lets business owners review their credit card spending on a monthly, quarterly, annual, or year-to-date basis. You can view your expenses by total spending, average ticket, or merchant and download an account summary of up to 36 months of data.
Fraud Protection & Zero Fraud Liability
Fraud protection helps detect and prevent fraudulent activities by monitoring your account and notifying you of any unusual card activity. Zero fraud liability protects you from fraudulent use of your card or account information if the card is lost or stolen. You won’t be responsible for any unauthorized purchases.
MasterRental Insurance Coverage
This coverage pays up to $50,000 if an eligible rental vehicle is damaged or stolen. You must pay for the car rental with your Banc of California Mastercard® Business Cash Preferred Card and decline the collision/loss damage waiver and personal effects insurance offered by the rental agency.
Mastercard Global Service & MasterRoad Assist
Mastercard provides worldwide, 24-hour assistance with reporting a lost or stolen card, emergency card replacement, and emergency cash advances. It also provides 24/7 emergency roadside assistance, known as MasterRoad Assist, when you’re traveling.
Pros & Cons of the Banc of California Mastercard® Business Cash Preferred Card
| PROS | CONS |
|---|---|
| Sign-up bonus: You will earn $25 after you make your first purchase. | Short 0% APR period: The Banc of California Mastercard® Business Cash Preferred Card only offers a 0% introductory APR for the first six billing cycles. |
| No annual fee: There is no annual fee associated with the Banc of California Mastercard® Business Cash Preferred Card. | No 0% APR on balance transfers: The zero-interest period only applies to purchases, not to balance transfers. |
| Unlimited rewards: You can earn cash back on your everyday purchases without caps or limits on the amount you can earn. | Rewards expire: You need to redeem your cash back rewards within five years or they will expire. |
Banc of California Mastercard® Business Cash Preferred Card Alternatives
Associated Bank Visa® Business Cash Preferred Credit Card
The Associated Bank Visa® Business Cash Preferred Credit Card is a good alternative for business owners who have a business checking or savings account with Associated Bank. This small business credit card offers the same rewards, fees, and terms as the Banc of California Mastercard® Business Cash Preferred Card.
Associated Bank Visa® Business Cash Preferred Credit Card
Intro APR
0% APR for the first six billing cycles
Regular APR
13.99% to 22.99% variable
Annual Fee
$0
Credit Needed
Good
- $25 cash back awarded after making your first purchase
- $100 annual software credit after 11 consecutive monthly software transactions
- Earn 3% cash back on gas, cellphone services, office supplies, and dining expenses; and 1% on all other purchases
Pros
- Sign-up bonus
- No annual fee
- Unlimited rewards
Cons
- Short 0% APR period
- No 0% APR on balance transfers
- Rewards expire in time
- Free employee cards with individual credit limits
- Protection against terminated employees’ misuse up to $100,000.
- Free online reporting with spend analysis to help you make informed decisions about your expenses.
Intro APR
0% APR for the first six billing cycles
Regular APR
13.99% to 22.99% variable
Annual Fee
$0
Credit Needed
Good
- $25 cash back awarded after making your first purchase
- $100 annual software credit after 11 consecutive monthly software transactions
- Earn 3% cash back on gas, cellphone services, office supplies, and dining expenses; and 1% on all other purchases
Pros
- Sign-up bonus
- No annual fee
- Unlimited rewards
Cons
- Short 0% APR period
- No 0% APR on balance transfers
- Rewards expire in time
- Free employee cards with individual credit limits
- Protection against terminated employees’ misuse up to $100,000.
- Free online reporting with spend analysis to help you make informed decisions about your expenses.
Bank of America® Business Advantage Customized Cash Rewards
The Bank of America® Business Advantage Customized Cash Rewards card is a good option if you want to choose the category where you can earn premium cash back. This is best for business owners who spend on gas, office supplies, travel, TV or telecommunication services, computer services, business consulting services, and dining.
Business Advantage Cash Rewards Mastercard® credit card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Up to 3% cash back in a spending category of your choice
Intro APR
0%
Regular APR
13.74% - 23.74% Variable APR on purchases
Annual Fee
$0.00
Credit Needed
Excellent
- Get a $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening―with no annual fee and cash rewards don't expire.
- Earn 3% cash back in the category of your choice, 2% cash back on dining and unlimited 1% cash back on all other purchases.
- You'll get 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
- 0% Introductory APR on purchases for your first nine billing cycles.
- Redeem your cash rewards as a statement credit, check, or have cash deposited into a Bank of America® checking or savings account.
- Get 75% more cash back on every purchase when you're a Preferred Rewards for Business Platinum Honors tier member. That means you will earn 5.25% on your selected choice category, 3.5% on dining and unlimited 1.75% cash back on all other purchases.
Pros
- Flexible redemption options
- No annual fee
- Sign-up bonus
Cons
- Premium rewards are capped at $50,000 each year
- Earns top rewards in only one spending category only
- Short 0% APR period
- Bank of America doesn’t disclose details of its additional card features. To find out more about these additional features, review your guide to benefits when you receive your card in the mail.
Intro APR
0%
Regular APR
13.74% - 23.74% Variable APR on purchases
Annual Fee
$0.00
Credit Needed
Excellent
- Get a $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening―with no annual fee and cash rewards don't expire.
- Earn 3% cash back in the category of your choice, 2% cash back on dining and unlimited 1% cash back on all other purchases.
- You'll get 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
- 0% Introductory APR on purchases for your first nine billing cycles.
- Redeem your cash rewards as a statement credit, check, or have cash deposited into a Bank of America® checking or savings account.
- Get 75% more cash back on every purchase when you're a Preferred Rewards for Business Platinum Honors tier member. That means you will earn 5.25% on your selected choice category, 3.5% on dining and unlimited 1.75% cash back on all other purchases.
Pros
- Flexible redemption options
- No annual fee
- Sign-up bonus
Cons
- Premium rewards are capped at $50,000 each year
- Earns top rewards in only one spending category only
- Short 0% APR period
- Bank of America doesn’t disclose details of its additional card features. To find out more about these additional features, review your guide to benefits when you receive your card in the mail.
PNC Cash Rewards® Visa Signature® Business Credit Card
The PNC Cash Rewards® Visa Signature® Business Credit Card is best for business owners who want to earn unlimited fixed-rate cash back and a sign-up bonus. It offers a 0% APR period on purchases for the first nine billing cycles and comes with a low ongoing APR that ranges from 10.99% to 19.99%. This card is one of our choices for the best small business credit cards.
PNC Cash Rewards® Visa Signature® Business Credit Card
BEST FOR:
PNC Bank account holders who want to earn cash back rewards
Intro APR
0% for 9 billing cycles
Regular APR
13.24% to 22.24% Variable
Annual Fee
$0
Credit Needed
Good - Excellent
- Earn $250 cash bonus for spending $3,000 in the first three billing cycles
- 0% APR on purchases for the first nine billing cycles after opening an account
- Earn 1.5% cash back on all purchases
- No annual fee
Pros
- No annual fee
- Sign-up bonus
- Low ongoing APR
Cons
- Short 0% APR period
- No 0% APR period on balance transfers
- Online application not available for nonaccount holders
- Cash Flow Insight®: This tool helps you monitor your spending categories so that you can plan your budget.
- Business integrations: You can download your transactions into Excel®, Quicken® or QuickBooks®, or use .csv files.
- Visa Signature® benefits: This card comes with Visa travel benefits and protection for purchases.
Intro APR
0% for 9 billing cycles
Regular APR
13.24% to 22.24% Variable
Annual Fee
$0
Credit Needed
Good - Excellent
- Earn $250 cash bonus for spending $3,000 in the first three billing cycles
- 0% APR on purchases for the first nine billing cycles after opening an account
- Earn 1.5% cash back on all purchases
- No annual fee
Pros
- No annual fee
- Sign-up bonus
- Low ongoing APR
Cons
- Short 0% APR period
- No 0% APR period on balance transfers
- Online application not available for nonaccount holders
- Cash Flow Insight®: This tool helps you monitor your spending categories so that you can plan your budget.
- Business integrations: You can download your transactions into Excel®, Quicken® or QuickBooks®, or use .csv files.
- Visa Signature® benefits: This card comes with Visa travel benefits and protection for purchases.
Bottom Line
The Banc of California Mastercard® Business Cash Preferred Card is a good option for business owners who have an account with Banc of California. This cash back credit card offers unlimited rewards that can also be redeemed through PayPal.
If this card isn’t right for you, visit our Credit Card Marketplace to find other options.
