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||$0|
|American Express® Business Gold Card||$295|
|American Express Blue Business Cash™ Card||Earn 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||$0|
|The Blue Business® Plus Credit Card from American Express||Earn 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|
|Capital One® Spark® Cash for Business||$0 intro for first year; $95 after that|
|Ink Business Preferred℠ Credit Card||$95|
|Ink Business Unlimited℠ Credit Card||$0|
|Costco Anywhere Visa® Business Card by Citi||$0|
|The Business Platinum Card® from American Express||$595|
|Citi Premier® Card||$95|
|Bank of America® Cash Rewards credit card||$0|
|Wells Fargo Cash Wise Visa® card||$0|
|Bank of America® Premium Rewards® credit card||$95|
|Costco Anywhere Visa® Card by Citi||$0|
|Blue Cash Preferred® Card from American Express||$0 intro for first year, then $95|
|Chase Sapphire Preferred® Card||$95|
|Capital One Venture Rewards Credit Card||$95|
|Blue Cash Everyday® Card from American Express||$0|
|Chase Freedom Unlimited®||$0|
|Capital One Quicksilver Cash Rewards Credit Card||$0|
|Citi Rewards+® Card||$0|