Business Advantage Travel Rewards credit card review | finder.com

Business Advantage Travel Rewards World Mastercard® credit card review – May 2019

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Business Advantage Travel Rewards World Mastercard® credit card

Small companies that spend big on business travel expenses could save with this travel rewards card.

  • Get this card if you travel often and want to earn points you can redeem for travel-related purchases.
  • Pick something else if you want to earn cash back rewards on your business purchases or you want a low intro balance transfer APR card.
  • Apply with an excellent credit score of 740 or higher.
Product NameBusiness Advantage Travel Rewards World Mastercard® credit card
Card TypeMastercard
Annual Fee$0
Purchase APR13.49% to 23.49% variable
Intro Purchase APR0% for the first 9 billing cycles (then 13.49% to 23.49% variable)
Balance Transfer APR13.49% to 23.49% variable
Intro Balance Transfer APR

N/A

Balance Transfer Fee$10 or 4% of the transaction, whichever is greater
Cash Advance Rate26.49% variable
Foreign Transaction FeeNone
Cash Advance Fee$10 or 4% of the cash advance amount, whichever is greater
Interest Free PeriodUp to 25 days
Late Payment FeeUp to $49
Returned Payment Fee$39
Additional Cardholder Fee$0
Minimum Age18 years of age
Welcome Offer25,000 bonus points after making at least $1,000 in purchases in the first 60 days of your account opening
RewardsEarn unlimited 1.5x points on all purchases and 3x points when you book your travel (car, hotel, airline) through the Bank of America Travel Center
Base Rewards1.5x points
Rewards Points ExpiryNever

The basics

If your business requires frequent travel that often lands you in hotels and rented cars, you might want to consider Bank of America’s Business Advantage Travel Rewards World Mastercard® credit card. For every dollar you spend on airfare, hotels and car rental bookings through Bank of America’s Travel Center, you’ll earn 3 points. And you’ll earn 1.5x points on all other purchases.

On top of that, if you’re enrolled in Business Advantage Relationship Rewards, you’ll get an additional 25% to 75% reward bonus on every purchase you make. This means you could earn up to 2.62 points on all of your purchases, rather than the card’s typical 1.5x points.

There’s no limit on how many points you can earn, and points don’t expire. Redeem your points for statement credit to pay for flights, hotels, car rentals, vacation packages, cruises or baggage fees, or use them for cash back and gift cards.

If your business is international, you can rest easy: The Business Advantage Travel Rewards World Mastercard® credit card doesn’t come with international transaction fees either.

Alternative card for travel rewards

Ink Business Preferred℠ Credit Card

  • Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®
  • Earn 3 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 - with no limit to the amount you can earn
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards
  • Redeem points for travel, cash back, gift cards and more - your points don't expire as long as your account is open
  • No foreign transaction fees
  • Employee cards at no additional cost
  • $95 annual fee
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What is the Business Advantage Relationship Rewards program?

This business program designed to boost your business through a variety of rewards and benefits that grow as you increase your balances across Bank of America business deposit and Merrill Edge® or Merrill Lynch® investment accounts.

To join this program, you must own an eligible Bank of America business checking account holding there-month combined average of $20,000 or more.

Through the Business Advantage Relationship Rewards program, you get priority client service along with:

  • No fees on select everyday banking services.
  • A 25% to 75% reward bonus on your base earnings for eligible business cards.
  • An interest rate discount of up to 0.75% on a business advantage credit line, term loan or secured lending.
  • An interest rate discount of up to 0.50% on business advantage auto loans and commercial real estate loans.

The perks

  • Travel rewards.

    The Business Advantage Travel Rewards World Mastercard® credit card from Bank of America rewards you with 1.5x points on everyday purchases and 3x points for bookings through the Bank of America Travel Center. You can redeem your points for a statement credit toward flights, cruises, vacation packages, hotels, car rentals or baggage fees, or redeem them for cash back and gift cards. This is especially useful for companies that spend heavily on travel. Comparable credit cards, including the Spark® Miles Select from Capital One®, reward you 1.5 points per $1.

  • No international transaction fees.

    The Business Advantage Travel Rewards World Mastercard® credit card comes in handy for travel abroad — and not just for its travel rewards. No foreign transaction fee stacks up well against other credit cards that typically charge 3% on every transaction outside the US.

  • No annual fees.

    The Business Advantage Travel Rewards World Mastercard® credit card comes with a $0 annual fee, which is a great way to minimize your card fees right out of the gate.

  • Low intro APR.

    For the first 9 billing cycles after your account is account opening, you get a 0% introductory APR, which reverts to 13.49% to 23.49% variable APR after that. This is a good feature for businesses looking to make a large purchase early on.

You’ll also like

  • Signup bonus.

    Earn 25,000 bonus points after making at least $1,000 in purchases in the first 60 days of your account opening, redeemable a $250 statement credit you can apply to travel purchases. The comparable Spark® Cash Select from Capital One® rewards you with a smaller bonus, despite its higher purchase requirement to qualify. You’ll earn 20,000 points — equal to $200 in travel purchases — after you spend $3,000 in the first 90 days your account is open.

  • 0% penalty APR.

    If you miss a payment, you won’t have to worry about a penalty APR. Other cards typically require a penalty APRs as high as 30%.

  • Travel services.

    The Business Advantage Travel Rewards World Mastercard® credit card has you covered for a cool $1 million in travel accident insurance, lost luggage and trip delay reimbursements, as well as a trip cancellation coverage.

  • Zero liability protection.

    You’ll get zero liability protection for unauthorized transactions. You’re also protected from misuse by terminated employees and protection against loss, theft, damage or fire. Knowing that the money you don’t want to spend is safe can keep you at ease.

What to watch out for

  • Late payment fees.

    The Business Advantage Travel Rewards World Mastercard® credit card comes with penalty fees of up to $49 for late payments.

  • No introductory balance transfer APR.

    There’s no intro balance transfer APR for this card, which means you start off with a APR on balance transfers right away.

Consider other cards if …

  • You don’t spend thousands of dollars on travel.

    If your business doesn’t travel much and you aren’t interested in travel rewards, look for other cards that best suit your needs. For a card with a low purchase APR, check out the Platinum Visa® Business Credit Card by Bank of America, which offers a 0% introductory APR on purchases for the first 7 billing cycles, and then 11.49% to 22.49% variable APR after.

  • You want cashback rewards.

    If your company spends thousands on gas or office supplies, consider the Business Advantage Cash Rewards Mastercard® credit card from Bank of America, which offers 3% cash back on gas and office supplies on up to $250,000 per year and 1% thereafter, 2% on restaurant purchases and 1% on all other purchases.

    If you don’t spend much on any particular service or group of products, consider Spark® Cash from Capital One®, which offers unlimited 2% cash back on all purchases.

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Updated May 20th, 2019
Name Product Rewards Purchase APR Annual Fee
N/A
12.24% to 20.24% variable
$0
Enjoy a market-leading 0% intro APR on purchases and balance transfers for the first 20 billing cycles, reverting to a variable 12.24% to 20.24% APR. Rates & Fees
3x on travel, shipping, Internet, cable, phone and online ads up to $150,000 combined annually; then 1x after and on all other purchases
18.24% to 23.24% variable
$95
80,000 bonus points after you spend $5,000 on purchases in the first 3 months after account opening. That's $1,000 toward travel rewards when you redeem through Chase Ultimate Rewards®
5% back at US office supply stores and on US wireless telephone services on up to $50,000 annually (then 1%). 3% on a chosen category on up to $50,000 annually, then 1% after and on everything else
14.49%, 19.49% or 21.49% variable
$0
Save on interest with a 0% intro APR on purchases for 15 months. After that your APR will be 14.49%, 19.49% or 21.49% variable. Rates & fees
2x points on everyday business purchases on up to $50,000 annually, then 1x points
15.49%, 18.49% or 21.49% variable
$0
Earn 2x Membership Rewards® points on everyday business purchases on up to $50,000 with no category restrictions. Rates & fees
5% on office supplies, Internet, cable and phone up to $25,000 combined annually; 2% on gas and dining up to $25,000 combined annually; 1% on all other purchases
15.49% to 21.49% variable
$0
$500 bonus cash back after you spend $3,000 in the first 3 months
12x points at Hilton hotels, 6x points on select business and travel purchases and 3x points on all other purchases
17.99% to 26.99% variable
$95
Earn 125,000 Hilton Honors Bonus Points after you spend $3,000 in eligible purchases within the first 3 months of card membership. Rates & fees
Earn 2x miles on every purchase made directly with Delta and earn 1x miles on all other purchases
17.99%, 21.99% or 26.99% variable
$0 intro annual fee for the first year ($95 thereafter)
Earn 30,000 bonus miles after you make $1,000 in purchases on your new card within your first 3 months. Plus earn $50 after you make your first Delta purchase in the same timeframe. Rates & fees
4x points on two categories on up to $150,000 in combined purchases annually, then 1x points after that and on all other purchases
16.49%, 20.49% or 24.49% variable
$295
Earn 35,000 Membership Rewards® points after you spend $5,000 on eligible purchases with the Business Gold Card within the first 3 months of card membership. Rates & fees
5x points on flights and prepaid hotels through Amex Travel, 1.5x points if you spend $5,000 on a single eligible purchase on up to 1 million additional points per year and 1x points on all other purchases
None (Charge Card)
$595
Earn 50,000 points after spending $10,000 and an extra 25,000 points after spending an additional $10,000 on purchases in the first 3 months from account opening. Rates & fees
2x points on purchases through Amex Travel and 1x points on all other purchases
None (Charge Card)
$0 intro annual fee for the first year ($95 thereafter)
Earn 5,000 Membership Rewards® points after your first purchase on the card within the first year of card membership. Rates & fees
1.5% discount when you pay early, with no cap on what you can earn back
None (Charge Card)
$0 intro annual fee for the first year ($250 thereafter)
Get a 1.5% discount when you pay early, with no cap on what you can earn back. Rates & fees
6x points at Marriott Bonvoy hotels; 4x points at US restaurants, US gas stations, and on US wireless telephone and shipping services; 2x points on all other purchases
17.99% to 26.99% variable
$125
Earn 75,000 bonus points after you use your new card to make $3,000 in purchases within the first 3 months of card membership. Rates & fees
2x miles on direct Delta purchases and 1x miles on all other purchases
17.99%, 21.99% or 26.99% variable
$450
Earn 40,000 bonus miles and 10,000 Medallion Qualification Miles (MQMs) after you spend $3,000 in purchases on your new card in your first 3 months. Rates & fees
2x miles on direct Delta purchases and 1x miles on all other purchases
17.99%, 21.99% or 26.99% variable
$195
Earn 5,000 Medallion Qualification Miles (MQMs) plus 35,000 bonus miles after spending $1,000 in the first 3 months. In addition, earn a $100 statement credit after you make a Delta purchase with your new Card within your first 3 months. Rates & fees
7x points on rideshares, 4x points on travel booked through Brex Travel, 3x points at restaurants, 2x points on software subscriptions and 1x points on all other purchases
None (Charge Card)
$0
The first corporate card for startups. No personal liability or security deposit needed, meaning your personal credit score won't be affected.
N/A
None (Charge Card)
$0
60-day interest-free financing for e-commerce businesses.

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What size business is the Business Advantage Travel Rewards World Mastercard® credit card good for?

For a small business that has heavy travel expenses, the Business Advantage Travel Rewards World Mastercard® credit card may be a good choice. You can earn $7,200 per year in statement credit toward travel purchases if you spend $20,000 monthly through the Bank of America Travel Center.

What should I know before I apply?

To apply for the Business Advantage Travel Rewards World Mastercard® credit card, you’ll need to submit information about yourself, your company and any employee you want to designate as a card holder.

Personal and financial details include:

  • Your business name and address.
  • Your federal tax ID number or employment identification number.
  • The year and country in which your business was legally formed.
  • The type of company your business is.
  • The countries you conduct your business operations in.
  • Your business’s industry and gross annual sales.
  • Your personal information, including your household income, source of income and housing status.

How to apply for the Business Advantage Travel Rewards World Mastercard® credit card?

  1. Go to the Bank of America website.
  2. Select the Business Advantage Travel Rewards World Mastercard® credit card and click Apply now.
  3. Complete the application form with requested information about you and your business.
  4. Review your application and submit it.

How long will it take to be approved?

Generally, it takes 10 to 12 business days for the bank to process your application. If Bank of America requires other documents or has questions regarding your application, a representative will call you.

If approved, you’ll receive your credit card within 7 to 10 business days after application approval.

I got the card. Now what?

  • Manage your spending. Bank of America offers online tools that allow you to manage your account 24/7. Set up autopay and transfers, or track your employees’ spending in the MyReport Center.
  • Avoid paying interest. Your get a grace period on interest for25 days from your statement closing date. Pay your balance by the due date to avoid unnecessary interest.
  • Avoid penalty fees. Avoid fees as high as $49 by paying on time.
  • Customer service. Call Bank of America at 800-732-9194, email through its secure online form or connect on Twitter or Facebook @BankofAmerica.

Bottom line

If your business spends a lot on travel, look into the Business Advantage Travel Rewards World Mastercard® credit card, which comes with no annual fee and the ability to earn 3 points through the Bank of America Travel Center and 1.5x points on everything else — with no cap or expiration.

You can redeem points for statement credit toward flights, car rentals, hotels, cruises, vacation packages or baggage fees. And no international transaction fees sweetens the deal if you travel abroad.

Take advantage of the Business Advantage Travel Rewards World Mastercard® credit card‘s 0% introductory APR on purchases for the first 9 billing cycles, reverting to 13.49% to 23.49% variable APR thereafter.

Before you take off with this card, compare your credit card options. You may find another travel-centric card that better fits your needs.

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