Bank of America offers five business credit cards that offer various features, including cash back rewards, travel rewards, no-interest and low-interest financing, and no annual fee. On average, Bank of America credit cards offer lower ongoing annual percentage rates (APRs) and annual fees than other issuers.
Bank of America business cards are best for businesses looking to earn rewards toward travel and everyday expenses with no annual fees and 0% introductory APR. This issuer also offers a tiered rewards program for Bank of America deposit account holders and free employee cards in most cases. Bank of America offers some of the best business credit cards available today.
Bank of America Business Credit Cards at a Glance
Card | Best for |
|---|---|
Earning cash back on your choice of spending categories | |
Earning travel rewards | |
0% intro APR and low ongoing APR | |
Owners who frequently fly Alaska Airlines | |
Owners who frequently fly Asiana Airlines |
All Bank of America business credit cards come with travel and emergency services that include car rental coverage and lost-luggage assistance. These cards provide the biggest benefits to owners enrolled in the Preferred Rewards for Business program, which allows you to earn a rewards bonus of up to 75%.Compare Bank of America business credit cards in our credit card marketplace.
1. Bank of America® Business Advantage Cash Rewards Mastercard®
Bank of America® Business Advantage Cash Rewards Mastercard® credit card
BEST FOR
Up to 3% cash back in a spending category of your choice
9 billing cycles
- 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 9 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
- Statement credit introductory bonus offer
- Low ongoing APR
Cons
- Highest rewards are capped at $50,000 each year
- Earns top rewards in only one spending category
Bank of American does not 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.
The Bank of America® Business Advantage Cash Rewards Mastercard® is best for owners who want to reduce their expenses through cash back rewards and no annual fee. Cash back rewards act as discounts that can help businesses save money. Businesses that spend heavily in one area can save the most money by choosing one out of six spending categories to earn top rewards. Plus, business owners can change their selected category online at any time.
This card offers useful travel features including, lost luggage reimbursement, trip cancellation coverage, and trip delay reimbursement. You’ll also have up to $1 million in travel accident insurance, which is double the amount of coverage you’ll get with the Chase Ink Business Preferred card. Find out more about what this card offers by reading our Bank of America® Business Advantage Cash Rewards Mastercard® review.
2. Bank of America® Business Advantage Travel Rewards World Mastercard®
Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
BEST FOR
Earning top rewards on travel purchases booked through Bank of America
9 billing cycles
- Earn 30,000 bonus points when you make at least $3,000 in net purchases within 90 days of your account opening which can be redeemed for a $300 statement credit towards travel purchases.
- Earn unlimited 1.5 points for every $1 spent on all purchases everywhere, every time-no matter how much you spend. Points don't expire.
- Earn 3 points per every dollar spent on travel purchases (car, hotel, airline) booked through the Bank of America® Travel Center.
- No annual fee and no international transaction fees.
- 0% Introductory APR on purchases for your first 9 billing cycles.
- Redeem points for travel with no blackout dates, cash back or gift cards.
- Get 75% more points on the base earn of every purchase you make when you’re a Preferred Rewards for Business Platinum Honors tier member. That means you will earn 2.62 points for every $1 you spend and 4.12 points per every $1 you spend at the Bank of America® Travel Center.
Pros
- 3x points on travel
- 0% APR on purchases
- No blackout dates on travel
Cons
- Low ongoing rewards on non-travel
- Low introductory bonus
- No 0% APR on balance transfers
Bank of American does not 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.
We listed the Bank of America® Business Advantage Travel Rewards World Mastercard® as one of our best business credit cards for travel. This card is best for businesses that travel with multiple airlines and would like low-cost, unlimited travel rewards to reduce expenses.
Businesses who like to hold their points, won’t have to worry about limits or expiration dates on these rewards. Owners can also add and manage employee cards for no additional cost.
With no foreign transaction fees, this card is also great for businesses that spend more internationally. Like other Bank of America business cards, this card also features travel services including, accident insurance, lost luggage reimbursement, trip cancellation coverage, and trip delay reimbursement. You can learn more about Bank of America business cards on our Business Advantage Travel Rewards Mastercard® review.
3. Bank of America® Platinum Plus® Mastercard® Business Card
Bank of America® Platinum Plus® Mastercard® Business card
BEST FOR
Low-interest financing on business purchases
7 billing cycles
- Get a $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening.
- Save on interest with a competitive purchase APR.
- No annual fee.
- 0% Introductory APR on purchases for your first 7 billing cycles.
- Employee cards at no additional cost to you and with credit limits you set.
Pros
- One of the lowest APRs available on a business credit card
- 0% APR period
- No annual fee
Cons
- No cash back or points rewards
- 0% APR excludes balance transfers
- No-interest period is shorter than other cards
Bank of American does not 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.
The Bank of America® Platinum Plus® Mastercard® Business card is excellent for business owners who need low-cost financing for business expenses. Owners who need a straight-forward, no-annual-fee card without the need to keep track of rewards should consider this card. The low APR also applies to balance transfers so that it’s ideal for businesses looking to transfer a balance.
The Bank of America® Platinum Plus® Mastercard® Business card has additional features that include lost-luggage assistance, extended warranty protection, car rental insurance, and travel accident insurance. Like most Bank of America cards, this credit card also offers free unlimited employee cards. To learn more about what this Bank of America business card offers, you can read our Bank of America® Platinum Plus® Mastercard® Business card review.
4. Alaska Airlines Visa® Business Credit Card
Alaska Airlines Visa® Business credit card
BEST FOR
Travel rewards on Alaska Airlines travel
- Get 40,000 bonus miles plus Alaska's Famous Companion Fare from $121 ($99 fare plus taxes and fees from just $22) with this offer. To qualify, make purchases of $2,000 or more within the first 90 days of opening your account.
- Get Alaska's Famous Companion Fare™ from $121 ($99 plus taxes and fees from $22) every year! That's right, EACH YEAR on your account anniversary get a companion fare from $121 ($99 plus taxes and fees from $22). Valid on all Alaska flights booked on alaskaair.com with no blackout dates.
- Save with a free checked bag on Alaska flights for you and up to six other guests on the same reservation.
- Earn 3 miles for every $1 spent directly on Alaska Airlines purchases and 1 mile for every $1 spent on all other purchases.
- NEW! 50% off Alaska Lounge day passes and 20% back on inflight food, beverage and Wi-Fi purchases when you pay with your card.
- Get exclusive access to discounted redemption levels when you redeem miles for hotel stays at over 400,000 properties using Alaska Airline Hotels.
- Earn unlimited miles and travel with no blackout dates and no international transaction fees.
- Enjoy many money saving benefits, 800+ destinations, more than a dozen global airline partners and a low annual fee of $50 for the company and $25 per card.
Pros
- Introductory bonus miles offer
- Discounted companion fare
- Free checked luggage
Cons
- Miles aren’t transferrable
- Some blackout dates
- Employee cards aren’t free
- Free checked bag: Get a free checked bag for you and up to six guests on the same reservation.
- Purchase security: Bank of America may replace, repair, or reimburse you for purchased items that have been stolen or damaged.
- Extended protection: Receive an additional warranty coverage period in addition to the manufacturer’s warranty.
- Auto rental collision damage waiver: Receive coverage for car rental vehicles when you use the card for the entire purchase.
- Travel and Emergency Assistance Services: Includes up to $1,000,000 in travel accident insurance and emergency ticket replacement.
The Alaska Airlines Visa® Business credit card is best for business owners who fly frequently with Alaska Airlines. Cardholders save money by earning rewards that are redeemable toward travel-related expenses. The ongoing APR on this card is about average, but the annual fee is lower than most travel rewards cards. Businesses can add employee costs at an additional annual fee per card.
Owners will have access to additional Alaska Airlines benefits like discounted companion fare and free checked bags for you and up to six guests. The card also offers bonus introductory miles and doesn’t charge a foreign transaction fee. Learn more about what this card offers on our in-depth Alaska Airlines Visa Business credit card review.
5. Asiana Visa® Business Card
Asiana Visa® Business Card
BEST FOR
Earning points for Asiana Airlines travel
- Get 10,000 Bonus Asiana Club Miles after your first purchase.
- 2 miles for every $1 spent on Asiana Airlines ticket purchases.
- 1 mile for every $1 spent on all other purchases.
- Two annual $100 statement rebates toward qualifying Asiana Airlines ticket purchases when using the Asiana Airlines Visa® Business Card.
Pros
- Earn 10,000 bonus miles after first purchase
- Up to 2 miles earned per dollar spent
Cons
- Has an annual fee
- Foreign transaction fees
Bank of America does not disclose detailed information on their credit card features. Please refer to your guide to benefits for complete benefit details.
- Fico score program: Bank of America will provide free FICO score updates each month
The Asiana Visa® Business Card is best for business owners who fly primarily with Asiana Airlines. Businesses can earn miles and sign-up bonuses that can be redeemed toward Asiana Airlines or Star Alliance carriers ticket purchases. Companies can add additional employee cards for free and control employee spending through their online account. This card has a relatively low annual fee and no limit on the number of miles you can earn.
Asiana Airlines currently services five United States cities, including Chicago, Honolulu, San Francisco, New York, and Seattle. One of the few airlines that offer nonstop flights to South Korea, Asiana Airlines also services flights to Southeast Asia, Europe, and Central Asia. Owners have access to travel and emergency services, including accident insurance and emergency ticket replacement. There are additional charges for international transactions.
Bank of America Preferred Rewards Program for Businesses
Bank of America business credit cards offer tiered rewards where business owners can maximize savings on expenses. This program only applies to two business credit cards－the Business Advantage Travel Rewards credit card and the Business Advantage Cash Rewards Mastercard® credit card. Businesses that also have deposit accounts and/or Merrill Edge® and Merrill Lynch® business investment accounts can qualify for the Preferred Rewards Program.
This program offers three benefit levels: Gold, Platinum, and Platinum Honors, which offer bonus rewards for card spending based on the amount of money you have on deposit at the bank. Businesses that qualify for the Preferred Rewards program for Business Platinum Honors tier level can earn 75% more on their rewards.
Owners will need to maintain a three-month combined daily average of $20,000 in business accounts to qualify. You can get more detailed information on the Bank of America Preferred Rewards Program on their website. There, you can use the sliding scale to compare tiered-based interest rates and benefits based on your account balances.
What Bank of America Business Credit Cards Are Missing
Bank of America business credit cards are lacking in two areas: Introductory rewards and additional features. While these cards do offer some travel services, none of them offer features like lounge service and expedited airport security screenings. The introductory rewards also are smaller than what cards from other providers offer. If you’re looking for a business card with more features and a better introductory offer, you should check out the Chase Ink Business CashSM Credit Card.
Bank of America Business Credit Cards Reviews from Users
We searched online for Bank of America credit card user reviews. The overall consensus is that this provider offers good value. Users are generally pleased with the annual fees as low as $0, and the competitive ongoing APR. Users that weren’t happy complained about not having higher ongoing rewards and additional features like airport lounge access.
Choosing the Right Bank of America Business Credit Cards
Bank of America offers a variety of business cards that offer lower interest rates and annual fees than competitor cards. Business owners need to have good to excellent credit to get a business credit card. Choosing the right card for you will depend on what type of expenses your business incurs, and if you want to earn rewards points.
The types of Bank of America Business credit cards that are available to business owners are:
- Cash back rewards credit cards: Business owners can earn cash back rewards to save money on business-related expenses. Many cash back cards offer 1% to 2% cash back on everyday spending and up to 5% cash back on bonus categories. Bank of America offers one of the best cash back business cards for gas spending.
- Travel rewards credit cards: Business owners can earn travel points on purchases. These cards are best for owners who want to save money on hotel, rental, and airfare expenses. The best travel rewards credit cards offer up to 5x points. Bank of America offers three travel rewards credit cards.
- No-interest credit cards: Businesses can utilize no-interest introductory periods to carry large balances with less expense. The best 0% interest business cards have a 0% APR period of up to 15 months. Bank of America offers no-interest financing for up to nine billing cycles on two credit cards with a no-interest period of nine billing cycles.
- Low-interest credit cards: Businesses can save money on expenses with lower APRs. The best low-interest business credit cards charge 14% or more. Bank of America offers one card that charges a possible APR 2 percentage points lower.
- No annual fee credit cards: Business owners can reduce the cost of financing with a no-annual-fee business credit card. The best no-annual-fee business cards offer additional rewards and earning potential. Bank of America offers three cards with no annual fee.
Businesses should consider Bank of America business credit cards when they want to save money on lower interest financing while earning rewards. The best card for you will depend on your business’s spending habits and needs.
Alternatives to Bank of America Business Credit Cards
Bank of America offers low-cost financing when compared to other business cards, but other cards offer higher ongoing rewards and perks. If annual fees aren’t an issue for you, we recommend American Express business credit cards. This provider offers business credit cards with the best ongoing rewards.
Bottom Line
Bank of America offers business cards that have lower financing costs overall when compared with other issuers. This provider also offers co-branded travel cards, cash back cards, and no-interest credit cards. The best Bank of America business credit card for you will depend on your expenses, and whether it would benefit your business to earn cash back or travel rewards.
If this provider doesn’t quite meet your business needs, you should consider another issuer. You can shop and compare the best business credit cards on the market through our credit card marketplace.
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