Bank of America® Business Advantage Travel Rewards World Mastercard® credit card review
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.
Points as welcome offer
Up to 3x
Intro purchase APR
for the first 9 billing cycles (then 12.24% to 22.24% variable)
|Welcome Offer||30,000 points after spending $3,000 in the first 90 days|
|Rewards||3x points on travel booked through Bank of America Travel Center and 1.5x points on all other purchases|
|Purchase APR||0% intro for the first 9 billing cycles (then 12.24% to 22.24% variable)|
|Balance transfer APR||12.24% to 22.24% variable|
|Recommended minimum credit score||740|
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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.
How to apply for the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card?
- Go to the Bank of America website.
- Select the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card and click Apply now.
- Complete the application form with requested information about you and your business.
- Review your application and submit it.
- 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 12.24% to 22.24% 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 month||Standard points earned||Business Advantage Relationship Rewards program points earned|
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.
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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.
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.
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