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Bank of America Business Advantage Travel Rewards Card Review: A Solid Business Travel Card With No Annual Fee

Review Updated
Natasha Etzel
Steven Porrello
By: Natasha Etzel
Natasha Etzel
Natasha Etzel
Writer

Natasha has been a freelance writer since 2015. She specializes in credit card and credit card rewards content. When not busy writing, she's either dreaming up her next credit card rewards redemption or traveling the globe. Her goal is to encourage more people to experience the world around them while making smart financial choices.

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 and  Steven Porrello
Steven Porrello
Steven Porrello
Writer

Steven is a personal finance writer covering topics from mortgages to credit cards to market news. He has written for The Motley Fool Canada, Ramsey Solutions, Nerdwallet, Clever Real Estate, and other major outlets. Steven launched his writing career at the age of four with his first book, "Revenge of the Bad Guys." He currently lives in Portland, Oregon.

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Nathan Alderman
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Nathan Alderman has worked with The Motley Fool since 2005, making errors his arch-enemies in a variety of roles including a six-year stint as the dedicated fact-checker for The Motley Fool's premium newsletter services. As The Ascent's Compliance Lead, he makes sure that all the site's information is accurate and up to date, which ensures we always steer readers right and keeps various financial partners happy. A graduate of Northwestern University's Medill School of Journalism, Nathan spends his spare time volunteering for civic causes, writing and podcasting for fun, adoring his wife, and wrangling his two very large young children.

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The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card is a solid travel credit card for business owners who want a no annual fee card that earns rewards. Bank of America customers who are Preferred Rewards for Business members will get the most out of it, earning up to 75% more rewards. Read our full Bank of America® Business Advantage Travel Rewards World Mastercard® credit card review to see if this is the right business travel card for you.

Ratings Methodology

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

Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Credit Score: Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Excellent (740-850)
Credit Score Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Excellent (740-850)

Intro APR Circle with letter I in it. 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 16.74% - 26.74% will apply.

Purchases: 0%, 9 billing cycles

Balance Transfers: N/A

Regular APR

16.74% - 26.74% (Variable)

Rewards Circle with letter I in it. 1.5 points (Unlimited) for every $1 you spend on all purchases; 3 points per dollar spent when you book your travel (car, hotel, airline) through the Bank of America® Travel Center. Points don't expire.

1.5x - 3x points

Annual Fee

$0.00

Welcome Offer Circle with letter I in it. 30,000 online bonus points after you make at least $3,000 in net purchases in the first 90 days of your account opening which can be redeemed for a $300 statement credit towards travel or dining purchases.

30,000 points

  • A solid travel credit card for business owners who want to earn unlimited rewards, access travel perks, and avoid paying an annual fee.

    • New cardmember bonus offer
    • No annual fee
    • Earns rewards
    • 0% intro APR offer on purchases
    • Travel benefits
    • No foreign transaction fees
    • Some restrictions on travel earning
    • No premium travel perks
    • Earn 30,000 online bonus points after you make at least $3,000 in net purchases in the first 90 days of your account opening which can be redeemed for a $300 statement credit towards travel or dining purchases.
    • Earn unlimited 1.5 points for every $1 spent on all purchases everywhere, every time-no matter how much you spend. Points don't expire.
    • Earn 3 points per every dollar spent on travel purchases (car, hotel, airline) booked through the Bank of America® Travel Center.
    • No annual fee and no international transaction fees.
    • 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 16.74% - 26.74% will apply.
    • Redeem points for a statement credit to offset travel and dining purchases, travel with no blackout dates at the Bank of America Travel Center, cash back or gift cards.
    • Earn up to 75% more points on every purchase, if you have a business checking account with Bank of America and qualify for our highest Preferred Rewards for Business tier. That means you could earn up to an unlimited 2.62 points per $1 spent on all purchases and up to 5.25 points per $1 spent at the Bank of America Travel Center.
    • Contactless Cards - The security of a chip card, with the convenience of a tap.
    • This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.

Our Top Business Credit Card Alternate Options

We recommend comparing options to ensure the card you're selecting is the best fit for you and your small business needs. Not all cards are the same and not all businesses have the same needs. To make your search easier, here's a short list of standout business credit cards that we feel offer a lot of value to a wide range of businesses.

Offer Our Rating Welcome Offer Rewards Program APR Learn More
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Earn up to $750 bonus cash back Circle with letter I in it. Earn $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening. Earn 5% cash back in select business categories Circle with letter I in it. Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other card purchases with no limit to the amount you can earn.

Intro: Circle with letter I in it. 0% Intro APR on Purchases

Purchases: 0% Intro APR on Purchases, 12 months

Balance Transfers: N/A

Regular: 18.49% - 24.49% Variable

Apply Now for Ink Business Cash® Credit Card

On Chase's Secure Website.

Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Earn $900 bonus cash back Circle with letter I in it. Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening. Earn unlimited 1.5% cash back on every purchase Circle with letter I in it. Earn unlimited 1.5% cash back on every purchase made for your business

Intro: Circle with letter I in it. 0% Intro APR on Purchases

Purchases: 0% Intro APR on Purchases, 12 months

Balance Transfers: N/A

Regular: 18.49% - 24.49% Variable

Apply Now for Ink Business Unlimited® Credit Card

On Chase's Secure Website.

Full Bank of America Business Advantage Travel Rewards card review

This credit card is a good fit for: Business travelers who want to earn rewards without paying an annual fee.

Top perks

New cardmember bonus offer

The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card offers a bonus for new cardholders: Earn 30,000 online bonus points after you make at least $3,000 in net purchases in the first 90 days of your account opening which can be redeemed for a $300 statement credit towards travel or dining purchases.

See more: Best Sign-Up Bonus Credit Cards

No annual fee

If you're looking for a business credit card with no annual fee, this card fits. Getting a credit card without an annual fee is an excellent way to minimize expenses.

0% Intro APR offer on purchases

The Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card has a 0% intro APR offer on purchases. This is valid for the first nine billing cycles. After the promotional period, the go-to 16.74% - 26.74% (Variable) rate applies.

Earn up to 3 points per $1

Here's a breakdown of how you can earn rewards using the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card:

  • Earn 3 points per $1 on travel booked through the Bank of America Travel Center
  • Earn 1.5 points per $1 on other purchases

Earn unlimited rewards

Some rewards cards limit rewards. With the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card, there are no spending caps, so you earn unlimited rewards.

Read more: Best Rewards Credit Cards

Preferred Rewards for Business members can earn up to 75% more rewards

If you have a Bank of America business checking account and are a Preferred Rewards for Business member, you earn even more rewards with your card.

Here's a breakdown of the extra rewards you earn depending on your Preferred Rewards for Business membership tier level:

  • Gold: 25% bonus rewards
  • Platinum: 50% bonus rewards
  • Platinum Honors: 75% bonus rewards

As a Platinum Honors member, you could earn 5.25 points per $1 spent at the Bank of America Travel Center, and 2.62 points per $1 on other purchases.

Read more: Best Bank of America Credit Cards

Travel benefits

The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card includes benefits that could improve your travel experience, including:

  • Travel accident insurance
  • Lost luggage reimbursement
  • Trip cancellation coverage
  • Trip delay reimbursement

No foreign transaction fees

The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card charges no foreign transaction fees. This can save you money if you travel abroad, with many credit cards adding around 3% to every international transaction.

Several award redemption options

You can redeem your earned points in a few ways. You can get reimbursed for travel and dining purchases via a statement credit, book travel through the Bank of America Travel Center, or redeem for cash back or gift cards.

What could be improved

Restrictions on how you earn travel rewards

If you want to earn travel rewards at the highest rate (3 points per $1, or more for Preferred Rewards for Business members), you have to fulfill certain restrictions. You must book travel through the Bank of America Travel Center to earn the highest rate. Travel paid for outside the Travel Center will qualify at the standard rewards earning rate of 1.5 points per $1 (or more for more for Preferred Rewards for business members). Some other travel credit cards offer a higher rate when you make travel purchases with your card.

No premium travel perks

While this card includes some travel perks, it's missing the higher-end benefits. Since the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card has no annual fee, its perks are more limited. Some other business travel credit cards earn travel credits and also offer other premium perks. If you're looking for a business credit card that's heavy on travel benefits or want more exclusive travel perks, you'll want to look elsewhere.

Learn more: Best Travel Rewards Credit Cards

Suggested credit score

This card is intended for consumers with excellent credit. A FICO® Score of 740 is recommended when applying for the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card. It's possible to get approved with a lower score, or be denied with a higher credit score.

You do need to have a business to apply for this credit card, but various business types qualify. For example, freelancers, entrepreneurs, and small business owners may be eligible for a business card.

Related: Check out The Ascent's complete list of the best business cards for travel.

The Bank of America Business Advantage Travel Rewards card is right for you if:

  • You're a business owner who travels and manages your business banking through Bank of America.
  • You want a no annual fee business credit card.
  • You could benefit from a 0% APR intro offer.
  • You can meet the minimum spend requirements to earn the bonus offer.
  • You don't mind booking your travel purchases through the Bank of America Travel Center to maximize your rewards.

You might also like: Bank of America® Platinum Plus® Mastercard® Business card

Our credit card methodology

At The Motley Fool Ascent, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.

We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how The Ascent rates credit cards.

FAQs

  • Mastercard offers Standard, World, and World Elite Mastercard options. World is the mid-tier option, offering additional benefits, amenities, and upgrades versus the Standard card.

  • Yes, you can pay with a tap at all points of sale where this method of payment is accepted.

  • No, there's no time limit for using your travel rewards. So depending on your travel goals, you can redeem them as you go or keep saving them up for a bigger purchase.