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Use our table to sort Bank of America small business credit cards by name, intro APR, annual fee and more.
When choosing our cashback picks, we looked at multiple features, including earning rate and categories, introductory offers, business perks and any other benefits that a business owner might find appealing in a business credit card. Those cards that outperformed the others in a given category were chosen for our list.
What’s changed in 2021?
Bank of America’s offerings haven’t changed much this year and generally retained their niche purposes when compared to one another.
Bank of America business credit cards fall into several categories, each with benefits and potential drawbacks to consider.
For small businesses looking for a general rewards card, the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card may be a good choice. You’ll earn 3x points for bookings through the Bank of America Travel Center and 1.5x points on all other purchases. Redeem your points for statement credit toward flights, hotels, car rentals, cruises, vacation packages or baggage fees, or redeem them for cash back and gift cards.
This card also offers a signup bonus of 30,000 points after you spend $3,000 on purchases in the first 90 days of account opening. Finally, this card is light on the fees, requiring no annual fee or foreign transaction fee.
The Bank of America® Business Advantage Cash Rewards could be an excellent choice if you want to earn accelerated cash back on a variety of categories. Rather than locking you into a specific earning category, this card lets you choose which category you want to earn the most in each month.These categories include business-focused purchases such as office supplies, travel, computer services and consulting services. You’ll earn cash back on one of these categories and 2% back on dining, though only up to $50,000 each year in combined purchases. After that and on everything else, you’ll earn 1% cash back.
Bank of America has a focused stable of business credit cards, but you might want to consider other providers, such as:
While Bank of America offers a small number of business cards, their specialized nature and overall strength mean you’ll likely find one that can benefit your business. When deciding on the right business card, ask yourself:
To qualify for most Bank of America business credit cards, you’ll need an excellent credit score of 740 or higher. The exception here is the Alaska Airlines Visa® Business credit card, which you may qualify for with a good credit score of 670 or higher.
Bank of America cards share a number of features that can make managing your finances easier and more secure. Read your card’s terms and conditions to learn which benefits apply to your card and how to access them.
Small businesses requiring frequent travel can choose from a general travel rewards card or one of two airline cards with high rewards potential. If it’s cash back you’re after, apply for a card with a high annual cap of $50,000 or a potentially low APR on purchases that helps you carry balances with minimal costs.
As always, compare your business credit card options to find the card that best suits your spending.
A simple student card with modest benefits.
Qualify with bad credit and earn 1.5% on all purchases.
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A card with far too many fees to properly serve its purpose.
First Boulevard offers banking services tailored to Black Americans, but it’s currently waitlisted.
A flexible Hyatt business card with a huge 75,000 point bonus.
The Figure Pay card is free and earns rewards, but it lacks several standard features.
A simple, zero-frills student card for Teachers Federal members.
A student card without enough to offer to make it worth it.
A student 0% intro APR card that earns light rewards on purchases.
