Bank of America® Business Advantage Travel Rewards World Mastercard® Review – Big Rewards for Business Travelers

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Overview

If you would like to earn big rewards on business travel, Bank of America® Business Advantage Travel Rewards World Mastercard® is an ideal no-fee business travel card for you. It offers you an opportunity to earn 3 points for every dollar on travel purchases. In addition, if you’re a client of Preferred Rewards for Business, you may get up to a 75% rewards bonus on the base earn of every purchase, which means you may earn up to 2.62 points per dollar on all purchases. Plus, this credit card has no international transaction fees and no annual fee.

Card Benefits

Sign-up Bonus

New card members will receive a sign-up bonus of 30,000 bonus points after spending $3,000 in net purchases within the first 90 days of your account opening. It usually takes about 10 to 12 weeks after qualifying transactions for the 30,000-point bonus to post to your rewards balance. The 30,000 bonus points can be redeemed for a statement credit of $300 to pay towards travel purchases – it is equivalent to 25% rewards on your first $1,000 purchases.

Earn Rewards

You will earn unlimited 1.5 points for every dollar spent on all purchases everywhere, every time. Your points don’t expire. Plus, you can earn 3 points (consisting of 1.5 base points and 1.5 bonus points) for every dollar spent on travel purchases (car, hotel, airline) booked through the Bank of America Travel Center, which is powered by the popular Expedia travel booking platform.

You can also increase your rewards bonus by up to 75% if you are a Bank of America Preferred Rewards for Business client. The Preferred Rewards for Business has three different tiers: Gold, Platinum, and Platinum Honors. To qualify for the Preferred Rewards for Business program, you need to maintain an active Bank of America business deposit account and/or Merrill business investment account. The following table shows the detailed information of qualification requirement and rewards on the Gold, Platinum, and Platinum Honors tiers.

Preferred Rewards for Business TierRewards BonusRewards Points for the Tier
Gold – $20,000 in combined balance of qualifying accounts25%1.87 points for every $1 spent on all purchases
Platinum – $50,000 in combined balance of qualifying accounts50%2.25 points for every $1 spent on all purchases
Platinum Honors – $100,000 in combined balance of qualifying accounts75%2.62 points for every $1 spent on all purchases

How to Redeem Rewards

Your rewards points may be redeemed for travel, travel credits, gift cards and cash. When you redeem points for a travel credit, you will receive a statement credit to your account to offset qualifying travel purchases. A travel credit will be available to redeem for purchases from the Bank of America Travel Center or for qualifying travel purchases made in the following merchant categories:

  • Airlines, Air Carriers (representing individual major airline carriers)
  • Lodging-Hotels, Motels, Resorts (representing individual major hotel/motel chains)
  • Car Rental Agencies (representing individual major agencies; and Automobile Rental Agencies)
  • Cruise Lines; Travel Agencies and Tour Operators
  • Taxicabs and Limousines
  • Passenger Railways
  • Transportation-Suburban and Local Commuter Passenger, including Ferries
  • Bus Lines
  • Transportation Services that are not elsewhere classified
  • Real Estate Agents and Managers-Rentals
  • Timeshares
  • Campgrounds and Trailer Parks
  • Motor Home and Recreational Vehicle Rental
  • Tourist Attractions and Exhibits
  • Art Dealers and Galleries
  • Amusement Parks, Carnivals, Circuses, Fortune Tellers
  • Aquariums, Dolphinariums, Zoos, and Seaquariums
  • Boat Leases and Boat Rentals
  • Recreation Services that are not elsewhere classified

A purchase qualifies for the Travel Credit if the merchant is assigned to the appropriate merchant category code (MCC).

Additional Travel Benefits

The Bank of America® Business Advantage Travel Rewards World Mastercard® has no foreign transaction fees, which saves money for international travelers who may use the credit card abroad. Many other credit cards typically charge a transaction fee 3% on your purchases in foreign countries. If you may travel abroad, it is always best to use a credit card with no international transaction fees so that you can avoid the potential 3% surcharge on your purchases.

Fees and Interest

This credit card has no annual fee. It also offers 0% introductory APR on purchases for 9 billing cycles, which allows you to make purchases now and pay off the balance later without incurring interest cost, as long as you make the minimum payment each month.

Required Credit Rating

The Bank of America® Business Advantage Travel Rewards World Mastercard® is a prime credit card for people with excellent credit rating.

Apply for Business Card as an Individual

The Bank of America® Business Advantage Travel Rewards World Mastercard® is a small business credit card. Even if you don’t own a corporation or LLC, you can still apply for business credit cards as a sole proprietor – just use your own name as the business name and use your Social Security Number (SSN) as the Tax ID in the application. See detailed explanation on how to apply for business cards as an individual.

Is this the right card for you?

If you make a lot of purchases and travel often often, you will find Bank of America® Business Advantage Travel Rewards World Mastercard® a great credit card to earn rewards. If you are eligible for the Preferred Rewards for Business, you may earn up to 2.62 points per dollar you spend on all purchases everywhere. You can also earn a bonus when you book travel through Bank of America Travel Center. Your rewards can add up quickly with this credit card. Plus, you don’t have to pay an annual fee or foreign transaction fees to keep the card.

Similar Credit Cards

If you are interested in the Bank of America® Business Advantage Travel Rewards World Mastercard®, you may also consider a few other small business or travel credit cards with similar benefits.

Credit CardBonus and RewardsAnnual Fee
Bank of America Travel Rewards Credit CardBank of America® Travel Rewards credit card
  • 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases
  • Unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire
  • $0
    American Express Business Gold CardAmerican Express® Business Gold Card
  • Welcome Offer: Earn 70,000 Membership Rewards® points after you spend $10,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.*
  • AIRLINE BONUS: Get 25% points back after you use points for all or part of an eligible flight booked with Amex Travel, up to 250,000 points back per calendar year.*
  • MORE REWARDS: Get 4X Membership Rewards® points on the 2 select categories where your business spent the most each month. 1X is earned for other purchases. **
  • *4X points apply to the first $150,000 in combined purchases from these 2 categories each calendar year.
  • $295
    (fees)
    American Express Blue Business Cash CardAmerican Express Blue Business Cash™ Card
  • A $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
  • 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
  • $0
    (fees)
    Ink Business Cash Credit CardInk Business Cash℠ Credit Card
  • $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
  • 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
  • 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases
  • $0
    The Blue Business Plus Credit Card from American ExpressThe Blue Business® Plus Credit Card from American Express
  • 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership.
  • 2X Membership Rewards® points on everyday business purchases such as office supplies or client dinners. 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter.
  • $0
    (fees)
    Capital One Spark Cash PlusCapital One Spark Cash Plus
  • Up to a $1,000 cash bonus; $500 once you spend $5,000 in the first 3 months, and $500 once you spend $50,000 in the first 6 months of account opening
  • An annual $200 cash bonus every year you spend $200,000 or more
  • Unlimited 2% cash back on every purchase, everywhere-with no limits or category restrictions
  • Add employee cards for free, and earn unlimited 2% cash back from their purchases
  • $150
    Ink Business Preferred Credit CardInk Business Preferred℠ Credit Card
  • 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®
  • 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year.
  • 1 point per $1 on all other purchases
  • $95
    Ink Business Unlimited Credit CardInk Business Unlimited℠ Credit Card
  • $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
  • Unlimited 1.5% cash back on every purchase made for your business
  • $0
    The Business Platinum Card from American ExpressThe Business Platinum Card® from American Express
  • Welcome Offer: Earn 100,000 Membership Rewards® points after you spend $15,000 on eligible purchases with the Business Platinum Card within the first 3 months of Card Membership.
  • 35% Airline Bonus: Use Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline, and you can get 35% of the points back, up to 500,000 bonus points per calendar year when you book on amextravel.com.
  • Enroll to get up to $200 in statement credits annually by getting up to $100 semi-annually for U.S. purchases with Dell. Terms apply.
  • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.
  • $595
    (fees)
    Citi Premier CardCiti Premier® Card
  • 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening
  • 80,000 Points are redeemable for $800 in gift cards when redeemed at thankyou.com
  • 3 Points per $1 spent at Restaurants and Supermarkets
  • 3 Points per $1 spent at Gas Stations, Air Travel and Hotels
  • 1 Point per $1 spent on all other purchases
  • $95
    Bank of America Customized Cash Rewards Credit CardBank of America® Customized Cash Rewards credit card
  • $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening
  • 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases
  • If you're a Preferred Rewards member, you can earn 25% - 75% more cash back on every purchase. That means you could earn up to 5.25% cash back on purchases in your choice category.
  • $0
    Bank of America Premium Rewards Credit CardBank of America® Premium Rewards® credit card
  • Receive 50,000 online bonus points - a $500 value - after you make at least $3,000 in purchases in the first 90 days of account opening
  • Unlimited 2 points for every $1 you spend on travel and dining purchases. Plus, earn 2 points for every $1 spent on grocery store purchases - now through 12/31/21.
  • 1.5 points for every $1 you spend on all other purchases. No limit to the points you can earn and your points don't expire.
  • $95
    Blue Cash Preferred Card from American ExpressBlue Cash Preferred® Card from American Express
  • 20% back on Amazon.com purchases on the Card within the first 6 months of Card Membership, up to $200 back.
  • Plus, earn $150 back after you spend $3,000 in purchases on the Card within the first 6 months of Card Membership. You will receive cash back in the form of statement credits.
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
  • 6% Cash Back on select U.S. streaming subscriptions.
  • 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
  • 1% Cash Back on other purchases.
  • $0 introductory annual fee for the first year, then $95.
    (fees)
    Chase Sapphire Preferred CardChase Sapphire Preferred® Card
  • 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 when you redeem through Chase Ultimate Rewards®.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 100,000 points are worth $1,250 toward travel.
  • Enjoy new benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining and 2X points on all other travel purchases, plus more.
  • $95
    Capital One Venture Rewards Credit CardCapital One Venture Rewards Credit Card
  • Enjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $600 in travel
  • Unlimited 2X miles on every purchase, every day
  • $95
    Blue Cash Everyday Card from American ExpressBlue Cash Everyday® Card from American Express
  • 20% back on Amazon.com purchases on the Card in the first 6 months of Card membership, up to $150 back.
  • Plus, earn $100 back after you spend $2,000 in purchases on your new Card within the first 6 months of card membership. You will receive cash back in the form of statement credits.
  • 3% Cash Back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% Cash Back at U.S. gas stations and at select U.S. department stores.
  • 1% Cash Back on other purchases.
  • $0
    (fees)
    Chase Freedom UnlimitedChase Freedom Unlimited®
  • A $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • Unlimited 1.5% cash back on all other purchases.
  • 5% on Chase travel purchased through Ultimate Rewards®, 3% on dining and drugstores, and 1.5% on all other purchases.
  • $0
    Capital One Quicksilver Cash Rewards Credit CardCapital One Quicksilver Cash Rewards Credit Card
  • One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening
  • Unlimited 1.5% cash back on every purchase, every day
  • $0
    Citi Rewards+ CardCiti Rewards+® Card
  • For a Limited Time, earn 20,000 bonus points after you spend $1,500 in purchases with your card within 3 months of account opening; redeemable for $200 in gift cards at thankyou.com
  • 2X ThankYou® Points at Supermarkets and Gas Stations for the first $6,000 per year and then 1X Points thereafter. Plus, earn 1X ThankYou® Points on All Other Purchases.
  • $0

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