Editor’s note: This is a recurring post with regularly updated card details.
The Bank of America Business Advantage Travel Rewards World Mastercard® is designed for business owners with frequent travel expenses. It has no annual fee and no international transaction fee, and it comes with a 0% introductory annual percentage rate (APR) for the first nine months. You can earn fixed-rate unlimited points on all purchases regardless of spending categories, which can be redeemed to pay for travel through the Bank of America® Travel Center.
If you wish to compare one card over another, choose a maximum of three cards on this page and click Add to compare to view the details in a side-by-side comparison.
Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
BEST FOR:
Earning top rewards on travel purchases booked through Bank of America Travel Center
Intro APR
0%
9 billing cycles
9 billing cycles
Regular APR
18.49% - 28.49% Variable APR on purchases
Annual Fee
$0.00
Credit Needed
Excellent
- Earn 30,000 online bonus points after you make at least $3,000 in purchases in the first 90 days of your account opening which can be redeemed for a $300 statement credit towards travel or dining purchases.
- Earn unlimited 1.5 points for every $1 spent on all purchases everywhere, every time-no matter how much you spend.
- No limit to the amount of points you can earn and points don't expire.
- You can earn up to 75% more points on every purchase, if you have a business checking account with Bank of America and qualify for our highest Preferred Rewards for Business tier. That means you could earn up to an unlimited 2.62 points per $1 spent on all purchases.
- No annual fee and no international transaction fees.
- Choose how to redeem points for a statement credit to offset travel and dining purchases, travel with no blackout dates at the Bank of America® Travel Center, for cash back or gift cards.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.49% to 28.49% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- No annual fee: By not having to pay an annual fee, you can reduce your overall credit card cost while earning unlimited rewards on your expenses.
- No blackout dates on travel: You can redeem your points for travel or travel credits through the Bank of America® Travel Center anytime, with no blackout dates.
- 3x points on travel: You can earn 3x points for every dollar spent when you book your travel (car, hotel, or airline) through the Bank of America® Travel Center.
- Welcome bonus points: If you can spend $3,000 in net purchases within 90 days of opening an account, you will earn 30,000 bonus points.
Cons
- Low ongoing rewards on nontravel: While you can earn high rewards points on travel, you can only earn 1.5x points on all other purchases.
- Short 0% APR introductory period: This is a disadvantage if you need a longer 0% APR period.
- No 0% APR on balance transfers: The introductory APR only applies to purchases
- 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%
9 billing cycles
9 billing cycles
Regular APR
18.49% - 28.49% Variable APR on purchases
Annual Fee
$0.00
Credit Needed
Excellent
- Earn 30,000 online bonus points after you make at least $3,000 in purchases in the first 90 days of your account opening which can be redeemed for a $300 statement credit towards travel or dining purchases.
- Earn unlimited 1.5 points for every $1 spent on all purchases everywhere, every time-no matter how much you spend.
- No limit to the amount of points you can earn and points don't expire.
- You can earn up to 75% more points on every purchase, if you have a business checking account with Bank of America and qualify for our highest Preferred Rewards for Business tier. That means you could earn up to an unlimited 2.62 points per $1 spent on all purchases.
- No annual fee and no international transaction fees.
- Choose how to redeem points for a statement credit to offset travel and dining purchases, travel with no blackout dates at the Bank of America® Travel Center, for cash back or gift cards.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.49% to 28.49% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- No annual fee: By not having to pay an annual fee, you can reduce your overall credit card cost while earning unlimited rewards on your expenses.
- No blackout dates on travel: You can redeem your points for travel or travel credits through the Bank of America® Travel Center anytime, with no blackout dates.
- 3x points on travel: You can earn 3x points for every dollar spent when you book your travel (car, hotel, or airline) through the Bank of America® Travel Center.
- Welcome bonus points: If you can spend $3,000 in net purchases within 90 days of opening an account, you will earn 30,000 bonus points.
Cons
- Low ongoing rewards on nontravel: While you can earn high rewards points on travel, you can only earn 1.5x points on all other purchases.
- Short 0% APR introductory period: This is a disadvantage if you need a longer 0% APR period.
- No 0% APR on balance transfers: The introductory APR only applies to purchases
- 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.
When grading travel rewards business credit cards like the Bank of America Business Advantage Travel Rewards World Mastercard®, we first consider the ongoing rewards and introductory rewards. We also take into account the travel perks offered and the card’s annual fee, other fees, and introductory and ongoing APRs.
| Grading Criteria | ||
|---|---|---|
Ongoing Rewards | ||
Introductory Rewards | ||
Features | ||
Annual Fee | ||
Other Fees | 10 | |
Introductory APR | ||
Ongoing APR | ||
| Total Score |
Who Bank of America Business Advantage Travel Rewards World Mastercard® Is Best For
- Business owners who travel frequently: You can earn 3x points when you book your travel through the Bank of America® Travel Center and enjoy zero foreign transaction fees on purchases made outside of the United States.
- Business owners who are members of Preferred Rewards for Business: If you have a business checking account with Bank of America and can qualify for the Preferred Rewards for Business program, you can get up to 75% more points for every purchase.
If this card is not right for you, check out our recommended alternatives to find a card that’s more suitable for your business. You may also see our list of the best small business credit cards for more options.
Bank of America Business Advantage Travel Rewards World Mastercard® Rewards
- 30,000 bonus points after spending at least $3,000 in purchases within the first 90 days after account opening, which can be redeemed via a $300 statement credit toward either travel or dining
- 3x points for every dollar spent when you book a rental car, hotel stay, or airfare through the Bank of America® Travel Center
- Unlimited 1.5x points for every dollar you spend on all other purchases
- Up to 75% more points for Preferred Rewards for Business members—these are equivalent to 2.62x points on all purchases and up to 5.25x points for every dollar spent at the Bank of America® Travel Center
Bank of America Business Advantage Travel Rewards World Mastercard® Rewards Calculator
Use our calculator to find out how much you can earn from Bank of America Business Advantage Travel Rewards World Mastercard® rewards. Simply input your expected monthly expenses based on the spending categories indicated, and the calculator will do the rest.
The value of Bank of America Business Advantage Travel Rewards World Mastercard® points ranges from 6/10ths of a cent to 1 cent per point, depending on how they are redeemed. When redeemed for travel or dining, 1x points are worth 1 cent. For our calculator, we compute points rewards based on the travel and dining redemption value of 1 cent per point.
How To Redeem Bank of America Business Advantage Travel Rewards World Mastercard® Rewards
You can redeem points for a statement credit to cover your recent travel and dining purchases. You can also redeem them for travel with no blackout dates in the Bank of America Travel Center, as cash back, or for gift cards.
Bank of America Business Advantage Travel Rewards World Mastercard® Additional Features
Cash Management
- Balance ConnectTM for overdraft protection: Balance ConnectTM is an optional overdraft protection service that can prevent declined purchases, returned checks, or other overdrafts. You need to link your credit card to an eligible Bank of America business checking account (read our Bank of America business checking account review) to use this service.
- Cash flow management tools: Bank of America offers a suite of online cash management services, including automatic payments, fund transfers, and downloading transactions into QuickBooks.
- Paperless statement option: Business owners can choose paperless credit card statements and increase account security while reducing paper consumption.
Protection
- Zero liability protection: Bank of America offers liability protection for unauthorized transactions, added protection for certain purchases against loss, damage, theft, or fire, and extended warranty coverage.
- Fraud monitoring: Any potential fraud will be blocked in case the bank detects abnormal patterns in your transactions. The bank will also alert you of any suspected fraudulent activity.
Other Services
- Travel and emergency services: Bank of America services your business needs, including $1 million in travel accident insurance, lost luggage reimbursement, trip cancelation coverage, and trip delay reimbursement.
- Free access to business credit score: You can view and monitor your Dun & Bradstreet business credit score for free within Business Advantage 360, Bank of America’s small business online banking platform.
Bank of America Business Advantage Travel Rewards World Mastercard® Fees
APR
- Introductory: 0% APR for nine billing cycles on purchases after account opening
- Ongoing on purchases and balance transfers: 18.49% to 28.49% variable, which changes with the prime rate
- Cash advance: 29.49% variable, which changes with the prime rate
- Penalty: None
Fees
- Annual: None
- Balance transfer: Either 4% of the amount of the transfer
- Cash advance: Either 4% of the cash advance amount
- Foreign transaction: None
- Late payment:
- $0 if the balance is less than or equal to $100
- $29 if the balance is $100.01 to $1,000
- $39 if the balance is $1,000.01 to $5,000
- $49 if the balance is over $5,000
Note that your due date is at least 25 days after the close of each billing cycle.
How To Make Payments
- Website: Log in via Bank of America’s Online Banking site, select the “Bill Pay” tab, and follow the prompts.
- Mobile app: Log in to the Bank of America Android or iOS app, select your business credit card, and click “Make a payment”
- Financial center or ATM: Drop off your payment at any Bank of America financial center or make a payment at one of the ATMs available.
- Phone: Call (800) 236-6497 and follow the prompts. There is no fee to make a payment by phone.
- Mail: Pay your business credit card bill using the following address:
Business Card Payments
Bank of America Business Card
PO Box 15710
Wilmington, DE 19850-5710
Bank of America Business Advantage Travel Rewards World Mastercard® Alternatives
American Express Business Platinum® Card
The Business Platinum Card® from American Express
BEST FOR:
Gaining access to unrivaled travel rewards and luxury travel perks like airport lounge access
Intro APR
N/A
Regular APR
19.49% - 27.49% Variable
Annual Fee
$695
Credit Needed
Good, Excellent
- Welcome Offer: Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership.
- 5X Membership Rewards® points on flights and prepaid hotels on AmexTravel.com, and 1X points for each dollar you spend on eligible purchases.
- Earn 1.5X points (that’s an extra half point per dollar) on each eligible purchase at US construction material, hardware suppliers, electronic goods retailers, and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.
- Unlock over $1,000 in annual statement credits on a curation of business purchases, including select purchases made with Dell Technologies, Indeed, Adobe, and U.S. wireless service providers.
- $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year for incidental fees charged by your one selected, qualifying airline to your Card.
- $189 CLEAR® Plus Credit: Use your card and get up to $189 in statement credits per calendar year on your CLEAR® Plus Membership (subject to auto-renewal) when you use your Business Platinum Card®.
- The American Express Global Lounge Collection® can provide an escape at the airport. With complimentary access to more than 1,400 airport lounges across 140 countries and counting, you have more airport lounge options than any other credit card issuer on the market as of 03/2023.
- $695 Annual Fee.
- Terms Apply.
Pros
- Premium travel rewards
- Free access to more than 1,300 airport lounges worldwide
- No foreign transaction fees
Cons
- Balance is due in full monthly
- High annual fee
- American Express lounges: Free access to American Express’ network of Centurion lounges located in slightly less than a dozen United States airports.
- Other airport lounges: Priority Pass Select membership, which gets you free access to more than 1,300 lounges worldwide for you and two guests.
- Airport screening: Either a $100 statement credit for Global Entry every four years or an $85 statement credit for TSA PreCheck® once every 4 1/2 years.
- Travel credit: Up to $200 annual statement credit toward air travel expenses like baggage fees and inflight food and drink.
- Rental status: Elite status at a number of car rental agencies.
- Free Wi-Fi: 10 annual free Gogo inflight Wi-Fi passes.
- Rebate for redeemed points: 35% points rebate if you book a business or first-class flight, up to 500,000 bonus points per calendar year.
- Dell statement credit: Up to $400 in statement credits annually for Dell purchases.
Intro APR
N/A
Regular APR
19.49% - 27.49% Variable
Annual Fee
$695
Credit Needed
Good, Excellent
- Welcome Offer: Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership.
- 5X Membership Rewards® points on flights and prepaid hotels on AmexTravel.com, and 1X points for each dollar you spend on eligible purchases.
- Earn 1.5X points (that’s an extra half point per dollar) on each eligible purchase at US construction material, hardware suppliers, electronic goods retailers, and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.
- Unlock over $1,000 in annual statement credits on a curation of business purchases, including select purchases made with Dell Technologies, Indeed, Adobe, and U.S. wireless service providers.
- $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year for incidental fees charged by your one selected, qualifying airline to your Card.
- $189 CLEAR® Plus Credit: Use your card and get up to $189 in statement credits per calendar year on your CLEAR® Plus Membership (subject to auto-renewal) when you use your Business Platinum Card®.
- The American Express Global Lounge Collection® can provide an escape at the airport. With complimentary access to more than 1,400 airport lounges across 140 countries and counting, you have more airport lounge options than any other credit card issuer on the market as of 03/2023.
- $695 Annual Fee.
- Terms Apply.
Pros
- Premium travel rewards
- Free access to more than 1,300 airport lounges worldwide
- No foreign transaction fees
Cons
- Balance is due in full monthly
- High annual fee
- American Express lounges: Free access to American Express’ network of Centurion lounges located in slightly less than a dozen United States airports.
- Other airport lounges: Priority Pass Select membership, which gets you free access to more than 1,300 lounges worldwide for you and two guests.
- Airport screening: Either a $100 statement credit for Global Entry every four years or an $85 statement credit for TSA PreCheck® once every 4 1/2 years.
- Travel credit: Up to $200 annual statement credit toward air travel expenses like baggage fees and inflight food and drink.
- Rental status: Elite status at a number of car rental agencies.
- Free Wi-Fi: 10 annual free Gogo inflight Wi-Fi passes.
- Rebate for redeemed points: 35% points rebate if you book a business or first-class flight, up to 500,000 bonus points per calendar year.
- Dell statement credit: Up to $400 in statement credits annually for Dell purchases.
When To Consider American Express Business Platinum® Card
- You need premium travel perks: American Express Business Platinum® Card offers luxury travel perks ideal for business owners who travel abroad frequently. A few examples of these perks are:
- Access to over 1,400 airport lounges worldwide
- $200 airline fee credit per year for baggage and in-flight refreshments
- $189 CLEAR® Plus credit
- 35% points back when you use your points to pay all or part of a First or Business class flight booked with American Express Travel, up to 1,000,000 bonus points back per calendar year
- Global Entry or TSA PreCheck® fee credits
- You can pay your balance in full each month: Unless you use the Pay Over Time feature for eligible purchases, you’ll need to pay your balance in full each billing cycle.
Other Benefits
- Lets you earn generous rewards:
- 5x points on flights and prepaid hotel expenses booked through AmexTravel.com
- 1.5x points at US construction material and hardware suppliers, electronic goods retailers, software and cloud system providers, and shipping providers
- 1.5x points on single-transaction purchases of $5,000 or more, on up to $2 million per calendar year
- 1x points on all other purchases
- Does not charge foreign transaction fees
- Grants automatic Marriott BonvoyTM Gold Elite Status and Hilton Honors Gold Status to its cardholders
It is our best business credit card with airport lounge access because of its lucrative offers. Note, however, that it does not offer a 0% introductory APR. Also, cash advance and balance transfer transactions are not allowed. For other options from American Express, read our guide to the leading American Express business credit cards.
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
BEST FOR:
0% APR for 15 billing cycles
Intro APR
Regular APR
19.24% - 28.24% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants.
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No limit on total cash back earned.
- Rewards never expire.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks
- 0% Intro APR on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 19.24% - 28.24%.
- No annual fee.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
- Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
Pros
- 0% APR applies to both purchases and balance transfers
- Unlimited cash back rewards
- No annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
Intro APR
Regular APR
19.24% - 28.24% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants.
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No limit on total cash back earned.
- Rewards never expire.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks
- 0% Intro APR on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 19.24% - 28.24%.
- No annual fee.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
- Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
Pros
- 0% APR applies to both purchases and balance transfers
- Unlimited cash back rewards
- No annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
When To Consider U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
- You need a longer 0% APR period: If you plan to make a large purchase or consolidate your debts from other credit cards, the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® offers 0% APR on both for the first 15 billing cycles after opening an account—this is longer than what most other business credit cards offer.
- You spend for software subscriptions: You’ll receive a $100 annual statement credit for recurring software subscriptions like QuickBooks and FreshBooks.
Other Benefits
- Charges $0 annual fee
- Lets you earn up to 5% cash back on your expenses, depending on the spending categories
- Offers a $500 welcome bonus after spending $4,500 or more within 150 days after opening an account
- Features U.S. Bank ExtendPay® Plan, which allows you to pay eligible purchases over time into equal monthly installments with no interest—only a small monthly fee
It is one of our leading business cards with 0% APR because of its long interest-free period, ExtendPay Plan, and lucrative rewards. For more options from the same issuer, visit our list of the top U.S. Bank business credit cards.
Bank of America® Business Advantage Customized Cash Rewards
Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card
BEST FOR:
Those who want to earn 3% cash back in a spending category of their choice
Intro APR
0%
9 billing cycles
9 billing cycles
Regular APR
18.49% - 28.49% Variable APR on purchases
Annual Fee
$0.00
Credit Needed
Excellent
- Get a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
- Earn 3% cash back in the category of your choice: gas stations & EV charging stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services, 2% cash back on dining purchases and 1% cash back on all other purchases.
- You'll earn 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
- You can earn up to 75% more cash back on every purchase, if you have a business checking account with Bank of America and qualify for our highest Preferred Rewards for Business tier. That means you could earn up to 5.25% cash back in your selected choice category and up to 3.5% cash back on dining purchases on the first $50,000 in those combined purchases each calendar year, and up to an unlimited 1.75% cash back on all other purchases.
- No annual fee
- Choose how to redeem your cash rewards-as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you. Cash rewards don’t expire.
- To change your choice category for future purchases, you must go to the Mobile Banking app or Business Advantage 360, our small business online banking. You can change it once each calendar month, or make no change and it stays the same.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.49% to 28.49% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- Offers flexible redemption options
- Doesn’t charge annual fees
- With sign-up bonus
Cons
- Premium cash back rewards are capped on a selected spending category
- Charges foreign transaction fees
- Short introductory APR period
- Access to a business credit score: Bank of America lets you view and monitor your Dun & Bradstreet business credit score for free through Business Advantage 360.
- Zero liability protection: Stay protected against unauthorized transactions. Bank of America offers additional protections that cover certain purchases against loss, damage, theft, or fire and provides extended warranty coverage.
- Fraud monitoring: Bank of America will block potential fraud if it detects abnormal patterns in your transactions. It’ll also notify you if it suspects any fraudulent activity.
Intro APR
0%
9 billing cycles
9 billing cycles
Regular APR
18.49% - 28.49% Variable APR on purchases
Annual Fee
$0.00
Credit Needed
Excellent
- Get a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
- Earn 3% cash back in the category of your choice: gas stations & EV charging stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services, 2% cash back on dining purchases and 1% cash back on all other purchases.
- You'll earn 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
- You can earn up to 75% more cash back on every purchase, if you have a business checking account with Bank of America and qualify for our highest Preferred Rewards for Business tier. That means you could earn up to 5.25% cash back in your selected choice category and up to 3.5% cash back on dining purchases on the first $50,000 in those combined purchases each calendar year, and up to an unlimited 1.75% cash back on all other purchases.
- No annual fee
- Choose how to redeem your cash rewards-as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you. Cash rewards don’t expire.
- To change your choice category for future purchases, you must go to the Mobile Banking app or Business Advantage 360, our small business online banking. You can change it once each calendar month, or make no change and it stays the same.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.49% to 28.49% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- Offers flexible redemption options
- Doesn’t charge annual fees
- With sign-up bonus
Cons
- Premium cash back rewards are capped on a selected spending category
- Charges foreign transaction fees
- Short introductory APR period
- Access to a business credit score: Bank of America lets you view and monitor your Dun & Bradstreet business credit score for free through Business Advantage 360.
- Zero liability protection: Stay protected against unauthorized transactions. Bank of America offers additional protections that cover certain purchases against loss, damage, theft, or fire and provides extended warranty coverage.
- Fraud monitoring: Bank of America will block potential fraud if it detects abnormal patterns in your transactions. It’ll also notify you if it suspects any fraudulent activity.
When To Consider Bank of America® Business Advantage Customized Cash Rewards
- You want to earn premium rewards on your chosen category: It provides 3% cash back on the category of your choice (including gas, office supplies, travel, TV or telecommunication services, computer services, or business consulting services) and 2% cash back on dining on the first $50,000 in combined purchases each calendar year. Then you’ll earn 1% cash back on all other purchases.
- You don’t need to redeem rewards for travel: You can redeem your cash rewards as a deposit into your Bank of America® checking or savings account, as a card statement credit, or as a check mailed to you.
Other Benefits
- Charges $0 annual fee
- Comes with a 0% APR for the first nine months
- Lets you earn a $300 statement credit after spending $3,000 or more in the first 90 days of opening an account
- Offers additional rewards between 25% to 75% more for existing Bank of America checking account depositors who qualify for the Preferred Rewards for Business program
Its unique rewards structure is why the card is named one of our top cash back business credit cards. If you want to see other alternatives from Bank of America, check our roundup of the best Bank of America business credit cards.
Frequently Asked Questions (FAQs)
You are eligible to apply for a Bank of America business credit card if you are the business owner or an authorized officer who can borrow on behalf of the company. You must be a US resident or resident aliens with a US address. You need to prepare your business and personal information, as well as the personal information of all cardholders should you request for additional cards.
Preferred Rewards for Business is the program that cardholders access to valuable benefits and more rewards. To qualify, cardholders must have an existing Bank of America business checking account and a three-month combined average daily balance of $20,000 or more in Bank of America business deposit accounts and/or Merrill® business investment accounts.
Your Preferred Rewards for Business bonus rewards will vary depending on your membership tier:
Minimum Qualifying Balance | Bonus Rewards | |
|---|---|---|
Gold | $20,000 | 25% more |
Platinum | $50,000 | 50% more |
Platinum Honors | $100,000 | 75% more |
Bottom Line
The Bank of America Business Advantage Travel Rewards World Mastercard® is a travel rewards card best suited for business owners with an existing banking relationship with Bank of America. It has no annual and foreign transaction fees, offers a lucrative sign-up bonus, and comes with a 0% introductory rate. However, the 0% APR period is only for nine billing cycles, which is shorter than most other credit cards. Visit our guide to the best small business credit cards to find other options.
