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Bank of America® Business Advantage Travel Rewards World Mastercard® credit card review

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A solid no-annual-fee travel credit card for small businesses.

finder.com’s rating: 4.4 / 5

★★★★★

  • 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.

30,000

Points as welcome offer

Up to 3x

Points

$0

Annual fee

0%

Intro purchase APR

for the first 9 billing cycles (then 11.24% to 21.24% variable)

Details

Product NameBank of America® Business Advantage Travel Rewards World Mastercard® credit card
Card typeMastercard
Annual fee$0
Purchase APR0% intro for the first 9 billing cycles (then 11.24% to 21.24% variable)
Balance transfer APR11.24% to 21.24% variable
Balance transfer fee$10 or 4% of the transaction, whichever is greater
Cash advance rate25.74% variable
Cash advance fee$10 or 4% of the cash advance amount, whichever is greater
Foreign transaction feeNone
Interest free periodUp to 25 days
Late payment feeUp to $49
Returned payment fee$39
Additional cardholder fee$0

Expert review

Kliment Dukovski

Review by


Kliment Dukovski is a credit cards writer. He's written over 600 articles to help readers find and compare the best credit cards. Kliment has also written on money transfers, home loans and more. Previously, he ghostwrote guides and articles on foreign exchange, stock market trading and cryptocurrencies.

Expert review

The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card comes with a $0 annual fee and a rewards program with 3x points on bookings made through the Bank of America Travel Center. You can boost this rewards rate to up to 4.12x on travel purchases if you are a member of the Preferred Rewards for Business program.

In addition, you get to earn a solid signup bonus of 30,000 points, and you get 9 billing cycles of 0% intro APR period on purchases.

This card doesn’t have many downsides, though to maximize the value of this card you’ll need to be a Bank of America banking customer. If that isn’t the case, you’ll want to carefully compare this card against others – there are a variety of business credit cards with equally great value with fewer restrictions.

Card benefits

  • Rewards points.
    Earn 1.5x points on everyday purchases and 3x points for bookings through the Bank of America Travel Center. 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.
  • No foreign transaction fees.
    Use your credit card freely abroad or online with foreign merchants without paying a foreign transaction fee.
  • Intro APR period on purchases.
    For the first 9 billing cycles after your account is account opening, you get a 0% introductory APR, which reverts to 11.24% to 21.24% variable APR after that. This is a good feature for businesses looking to make a large purchase early on.
  • Signup bonus.
    Earn 30,000 points after spending $3,000 in the first 90 days, redeemable for $300 statement credit you can apply to travel purchases.
  • No annual fees.
    The Bank of America® 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.
  • Points boost.
    Earn between 25% and 75% additional points if you’re a member of the Business Advantage Relationship Rewards program.

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 reward bonus alone turns your 1.5x points to up to 2.62x on all purchases and your 3x points on travel purchases to up to 4.12x. So assuming you spend $400 on travel and $600 on everything else each month, here’s how the points breakdown:

Money spent in a monthStandard points earnedBusiness Advantage Relationship Rewards program points earned
Travel: $4001,2001,648
Other: $6009001,572

This is a sizable boost to points and makes the card’s reward rate on standard purchases much more appealing.

What to watch out for

  • No intro APR period on balance transfers.
    There’s no intro balance transfer APR for this card, which means you start off with a APR on balance transfers right away. If this is a feature you want your card to have, compare balance transfer business credit cards.

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

  1. Go to the Bank of America website.
  2. Select the Bank of America® 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.

Compare business credit cards

Data indicated here is updated regularly
Name Product Rewards Purchase APR Annual fee
Ink Business Preferred® Credit Card
3x points on the first $150,000 on travel and select business categories annually, then 1x after and on all other purchases
15.99% to 20.99% variable
$95
100,000 bonus points after you spend $15,000 on purchases in the first 3 months after account opening. That's $1,250 toward travel rewards when you redeem through Chase Ultimate Rewards®
Ink Business Cash℠ Credit Card
5% at office supply stores, on Internet, cable and phone up to $25,000 combined annually (then 1%), 2% on gas and dining up to $25,000 combined annually then 1% after that and on all other purchases
0% intro for the first 12 months (then 13.24% to 19.24% variable)
$0
$500 bonus cash back after you spend $3,000 in the first 3 months.
Ink Business Unlimited℠ Credit Card
1.5% cash back on all purchases
0% intro for the first 12 months (then 13.24% to 19.24% variable)
$0
$500 bonus cash back after you spend $3,000 on purchases in the first 3 months after account opening.
United℠ Business Card
2x miles on United, transit and rideshares, and at gas stations, office supply stores and restaurants, and 1x miles on all other purchases
16.49% to 23.49% variable
$0 intro annual fee for the first year ($99 thereafter)
Earn 60,000 miles once after spending $3,000 in your first 3 months.
Universal Premium Mastercard®
3 cents off per gallon when you buy 30,000 or more gallons in a month plus 3 cents off at the Retail Savings Network
27.24% variable
Up to $120
Earn 3 cents off per gallon when you buy 30,000 or more gallons in a month plus 3 cents off at the Retail Savings Network.
Southwest Rapid Rewards® Performance Business Credit Card
3x points on Southwest Airlines, 2x points on social media and search engine advertising, Internet, cable, and phone services and 1x points on all other purchases
15.99% to 22.99% variable
$199
Earn 70,000 points when you spend $5,000 on purchases in the first 3 months. Plus, earn an additional 30,000 points after you spend $25,000 on purchases in the first 6 months.
Brex for Startups
7x points on rideshares, 4x on Brex Travel, 3x at restaurants, 2x on software subscriptions and 1x points on all other purchases
N/A
$0
The first corporate card for startups. No personal liability or security deposit needed, meaning your personal credit score won't be affected.
Southwest Rapid Rewards® Premier Business Credit Card
2x points on Southwest Airlines and 1x points on all other purchases
15.99% to 22.99% variable
$99
Earn 60,000 points after spending $3,000 in the first 3 months and 6,000 points after your card anniversary.
Brex for Ecommerce
N/A
N/A
$0
60-day interest-free financing for e-commerce businesses.
BP Business Solutions Mastercard®
Up to 6 cents per gallon on fuel and 3.5 cents per gallon on diesel depending on number of gallons purchased per month
27.24% variable
Up to $120
Up to 6 cents per gallon on fuel and 3.5 cents per gallon on diesel depending on number of gallons purchased per month.
ARCO Business Solutions Fuel Card
18.24% to 27.24% variable
Up to $180
The ARCO Business Solutions Fuel Card gives your drivers access to greater performance with high quality fuels at ARCO locations. The card provides fleet managers with detailed reporting and individual spending controls for each and every driver.
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What size business is the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card good for?

For a small business that has heavy travel expenses, the Bank of America® 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.

Bottom line

If your business spends a lot on travel and you’re a Bank of America banking customer, look into the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card. The generous base perks combined with the interesting additions of the Business Advantage Relationship Rewards program make for a card that offers good value for no annual fee.

But if you’re not sure whether this could be the right card for your business, compare other business travel credit cards until you find the right fit.

Frequently asked questions

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Our team evaluates credit cards to determine their value against similar cards on the market.

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