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.
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.
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 Tier||Rewards Bonus||Rewards Points for the Tier|
|Gold – $20,000 in combined balance of qualifying accounts||25%||1.87 points for every $1 spent on all purchases|
|Platinum – $50,000 in combined balance of qualifying accounts||50%||2.25 points for every $1 spent on all purchases|
|Platinum Honors – $100,000 in combined balance of qualifying accounts||75%||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
- 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 Card||Bonus and Rewards||Annual Fee|
|Bank of America® Travel Rewards credit card||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 as long as your account remains open.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.If you're a Bank of America Preferred Rewards member, you can earn 25%-75% more points on every purchase. That means instead of earning an unlimited 1.5 points for every $1, you could earn 1.87-2.62 points for every $1 you spend on purchases.||$0|
|American Express® Business Gold Card||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.*4X Membership Rewards points on the 2 categories where your business spends the most each billing cycle from 6 eligible categories. While your top 2 categories may change, you will earn 4X points on the first $150,000 in combined purchases from these categories each calendar year (then 1X thereafter). Only the top 2 categories each billing cycle will count towards the $150,000 cap.||$295 ($375 if application is received on or after 2/1/24)|
|The American Express Blue Business Cash™ Card||$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|
|Ink Business Cash® Credit Card||$900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening5% 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 year2% 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 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|
|Ink Business Preferred® Credit Card||100,000 bonus points after you spend $8,000 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 Rewards3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases||$95|
|Ink Business Unlimited® Credit Card||$900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account openingUnlimited 1.5% cash back on every purchase made for your business||$0|
|Costco Anywhere Visa® Business Card by Citi||4% cash back on eligible gas and EV charging purchases for the first $7,000 per year and then 1% thereafter3% cash back on restaurants and eligible travel purchases2% cash back on all other purchases from Costco and Costco.com1% cash back on all other purchases||$0|
|The Business Platinum Card® from American Express||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.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.||$695|
|Citi Premier® Card||60,000 bonus ThankYou Points after you spend $4,000 in purchases within the first 3 months of account opening. Plus, for a limited time, earn a total of 10 ThankYou Points per $1 spent on hotel, car rentals, and attractions (excluding air travel) booked on the Citi Travel portal through June 30, 2024.3 Points per $1 spent at Gas Stations, Air Travel and Other Hotels3 Points per $1 spent at Restaurants and Supermarkets1 Point per $1 spent on all other purchases||$95|
|Bank 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 - now with expanded categories, 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.3% cash back on Gas (to now include Electric Vehicle Charging (EVC) Stations) and Online Shopping (to now include Cable, Streaming, Internet and Phone Services).If you're a Bank of America Preferred Rewards member, you can earn 25%-75% more cash back on every purchase. That means you could earn 3.75%-5.25% cash back on purchases in your choice category.||$0|
|Wells Fargo Cash Wise Visa® card||$150 cash rewards bonus after spending $500 on purchases in the first 3 monthsUnlimited 1.5% cash rewards on purchases1.8% cash rewards on digital wallet purchases including Google Pay™ or Apple Pay during the first 12 months from account opening||$0|
rates & fees
|Bank of America® Premium Rewards® credit card||Receive 60,000 online bonus points - a $600 value - after you make at least $4,000 in purchases in the first 90 days of account opening.Unlimited 2 points for every $1 spent on travel and dining purchases and unlimited 1.5 points for every $1 spent on all other purchases. No limit to the points you can earn and your points don't expire as long as your account remains open.If you're a Bank of America Preferred Rewards member, you can earn 25%-75% more points on every purchase. That means you could earn 2.5-3.5 points on travel and dining purchases and 1.87-2.62 points on all other purchases, for every $1 you spend.||$95|
|Costco Anywhere Visa® Card by Citi||4% cash back on eligible gas and EV charging purchases for the first $7,000 per year and then 1% thereafter3% cash back on restaurants and eligible travel purchases2% cash back on all other purchases from Costco and Costco.com1% cash back on all other purchases||$0|
|Blue Cash Preferred® Card from American Express||$250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.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.3% Cash Back on transit (including taxis/rideshare, parking, tolls, trains, buses and more).1% Cash Back on other purchases.||$0 intro annual fee for the first year, then $95.|
|Chase Sapphire Preferred® Card||60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards.Enjoy benefits such as 5x on travel purchased through Chase Ultimate Rewards, 3x on dining, and 2x on all other travel purchases, and $50 annual Ultimate Rewards Hotel Credit, plus more.||$95|
|Blue Cash Everyday® Card from American Express||$200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months.3% cash back at U.S. supermarkets, U.S. gas stations, and on U.S. online retail purchases of up to $6,000 per calendar year in purchases in each category, then 1%.||$0|
|Chase Freedom Unlimited®||Unlimited 1.5% cash back is just the beginning of what you can earn. You'll enjoy 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery services, 5% cash back on travel purchased through Chase Ultimate Rewards, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; and 1.5% cash back on all other purchases.||$0|
|Citi Rewards+® Card||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.com2X 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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