| Last updated on February 29th, 2024
Business Advantage Travel Rewards World Mastercard®
Business Advantage Travel Rewards World Mastercard®
Business Advantage Travel Rewards World Mastercard®
- 18.49% to 28.49% variable based on creditworthiness and the Prime Rate Regular Purchase APR
- 18.49% to 28.49% variable based on creditworthiness and the Prime Rate Balance Transfer APR
- 29.49% variable based on the Prime Rate Cash Advance APR
- 0% for 9 months from account opening date Intro Purchase APR
At a Glance
The sign-up bonus of 30,000 bonus points offered by the Business Advantage Travel Rewards World Mastercard® credit card after making at least $3,000 in net purchases in the first 90 days is practically a given for the business travelers that this card caters to. Those points can be redeemed for a $300 statement credit towards travel purchases, which could cover a flight to a can’t-miss industry convention.
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- Online exclusive: Earn 30,000 bonus points after making at least $3,000 in net purchases in the first 90 days of your account opening
- 3X points for ever $1 spent on travel booked through the Bank of America Travel Center
- 1.5X points for every $1 spent on all other purchases
- 0% on purchases for 9 months
- No annual fee
- No foreign transaction fees
- Intro Purchase APR: 0% for 9 months from account opening date
- Regular Purchase APR: 18.49% to 28.49% variable based on creditworthiness and the Prime Rate
- Balance Transfer APR: 18.49% to 28.49% variable based on creditworthiness and the Prime Rate
- Balance Transfer Transaction Fee: Either $10 or 4% of the amount of each transaction, whichever is greater
- Cash Advance APR: 29.49% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either $10 or 4% of the amount of each cash advance, whichever is greater
- Late Payment Penalty Fee: Up to $49
- Return Payment Penalty Fee: $39
- You travel frequently for work purposes
- You can earn lots of bonus points for regular business expenses
- You do not want to pay an annual fee or foreign transaction fees
In-Depth Review: Bank of America® Business Advantage Travel Rewards World Mastercard®
The Bank of America Business Advantage Travel Rewards World Mastercard® from Bank of America is a decent business credit card for companies that prefer flat-rate rewards on travel expenses over confusing categories. Factor in that the card has no annual fee, no foreign transaction fees, and a 0% introductory APR on purchases for nine months, and you’re in business with the Business Advantage Travel Rewards World Mastercard®.
How to Get the Card
You must meet certain criteria to qualify for the Business Advantage Credit Card. The card is designed for small to medium-sized businesses, so you must have a registered business entity to apply. Sole proprietors, partnerships, and corporations can apply for this card.
Regarding credit requirements, the Business Advantage Credit Card typically requires a good to excellent credit score. This means that you should have a solid credit history and a responsible credit management track record. If your personal or business credit score is lower, you should work on improving it before applying for this card to increase your chances of approval.
0% Intro APR Offer
New accounts enjoy 0% intro APR on purchases for the first nine billing cycles from account opening. Once the introductory APR ends, businesses can expect a highly competitive rate that varies based on their creditworthiness and the Prime Rate.
How to Earn Rewards
Welcome Bonus
The Business Advantage Travel Rewards comes with a decent welcome points bonus. New accounts can earn 30,000 bonus points after spending at least $3,000 on card purchases within the first 90 days of account opening. That offer has a redemption value of around $300 for travel and dining purchases and is on par with Bank of America’s other business rewards cards.
Earn Unlimited Points On Every Purchase
The Business Advantage Travel Rewards World Mastercard offers unlimited rewards on every business purchase. Cardholders earn unlimited 1.5X points on all purchases, with no caps on points, regardless of the amount spent.
Earn More Rewards with Preferred Rewards
While 1.5X on purchases is not the highest in the industry, it is a solid reward rate. This rate can increase even further for eligible Bank of America Preferred Rewards for Business account holders.
Businesses can earn even more points through Bank of America Preferred Rewards for Business. The Preferred Rewards program allows you to earn up to 75% more points on every purchase if you have a business checking account with Bank of America and qualify for the Preferred Rewards for Business Platinum Honors tier. This means you could earn up 2.625X points with the card
Bank of America Preferred Rewards for Business offers 25% more rewards, or 1.875X, on all purchases even at the base level. These tiers make the Business Advantage Travel Rewards Credit Card a great choice for companies with a relationship with Bank of America.
How to Redeem Rewards
The Business Advantage Travel Rewards Card offers a few additional redemption options compared to the bank’s cash back business cards. Account managers have the flexibility to redeem their accumulated points in various ways. They can choose to use their points for a statement credit, which can be applied to offset travel and dining purchases.
Another option is to redeem points for travel without any blackout dates at the Bank of America Travel Center. Additionally, account managers can opt for cash back or gift cards as their preferred redemption method. This wide range of choices allows for greater flexibility and customization in utilizing the rewards earned through the card.
Business Management Benefits
The Bank of America® Business Advantage Travel Rewards Card offers several benefits that can streamline business operations and enhance financial management.
Flexible Credit Limit
One of the primary advantages of this card is its flexible credit limit, which allows you to make larger purchases and manage your cash flow more effectively.
Simplified Money Management
The card also simplifies money management with a selection of useful features:
- 24/7 online and mobile banking
- Automatic bill payments
- QuickBooks account integrations
This flexibility is particularly important for cardholders when keeping track of an employee’s account activity after giving them a card at no additional cost.
Spending Limits and Expense Management
The Bank of America Business Advantage Travel Rewards Credit Card offers not only well-known benefits but also some lesser-known features that can greatly enhance its value for business owners, like spending limits for your employees. This feature allows you to have control over your business’s expenses and prevent any unauthorized or excessive spending.
Moreover, the card provides expense management tools that can assist you in tracking and categorizing your business expenses. These tools make it easier for you to manage your finances effectively.
World Mastercard® Business Benefits
| Zero Liability | ID theft Protection | Global Emergency Services | Mastercard Biz |
| Car Rental Insurance | Mastercard Airport Concierge | Priceless Golf | Business Controls |
| Mastercard Receipt Management | Mastercard Easy Savings® | Intuit QuickBooks® and TurboTax® | Salesforce Essentials |
| Microsoft 365 | 24/7 Business Assistant | Mastercard Premium Easy Savings | Mastercard Travel & Lifestyle Services |
Comparison
| Business Advantage Customized Cash Rewards Card | Business Advantage Travel Rewards Card | Chase Ink Business Cash® Card | |
|---|---|---|---|
| Annual fee | $0 | $0 | $0 |
| Rewards | Earn 3% cash back on the category of your choice, 2% back at restaurants, 1% on all else | Earn3X points on travel booked through the Bank of America Travel Center, 1.5X on all other purchases | Earn 5% back on the first $25,000 spent at office supply stores and on internet, cable, and phone services each account anniversary year, 2% back on the first $25,000 spent at gas stations and restaurants, 1% back on all else |
| 0% APR? | Purchases for 9 months | Purchases for 9 months | Purchases for 12 months |
| Employee cards | Free | Free | Free |
What We Like About the Card
No Foreign Transaction Fees
The Business Advantage Travel Rewards World Mastercard® is the only Bank of America business card that does not charge foreign transaction fees. Unlike other cards from the bank, which impose a 3% fee on transactions made in U.S. dollars, this card can help you avoid significant increases in your business costs if your employees frequently travel abroad for business purposes.
Preferred Rewards Offers More Points
Another benefit of this credit card is the additional rewards for Bank of America customers. If you have an eligible Bank of America business checking account, you can earn even higher rewards rate, up to 5.25X points per $1 spent. This loyalty bonus can make a substantial difference in your overall rewards earnings.
Things to Consider
Limited Redemption Options
The Travel Rewards Card offers unlimited 1.5X points on all eligible purchases. While unlimited rewards are appealing, the earning rate of 1.5X isn’t as impressive. Although it is 50% higher than that of a flat-rate business rewards card, there are more lucrative business travel cards available with no annual fee.
Bank of America Ratings
How does Bank of America stack up as a credit card issuer? Here is a selection of expert and consumer ratings for Bank of America:
| BestCards | Better Business Bureau | TrustPilot |
|
2/5 |
1.5/5 |
1.5/5 |
Should You Apply for the Business Advantage Travel Rewards World Mastercard®?
Overall, the Business Advantage Travel Rewards Card is an excellent travel card for companies that plan to really make use of it. And that shouldn’t be an issue given the unlimited 1.5X points on offer with every purchase. The introductory bonus of 30,000 points is another great perk – and one that is easily attainable. Bank of America Rewards is an excellent loyalty program, so companies will find impressive value for those big point tallies they amass
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