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Best Bank of America Business Credit Cards Comparison
Card Name | Best For | Annual Fee | Rewards |
Bank of America® Business Advantage Travel Rewards World Mastercard® credit card | Overall | $0 | Points |
Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card | Cash Back | $0 | Cash Back |
Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card | Bonus Rewards | $0 | Cash Back |
Alaska Airlines Visa® Business card | Airline Rewards | $70 for the company, $25 per card | Miles |
Business Advantage Unlimited Cash Rewards Secured credit card | Bad Credit | $0 | Cash Back |
Limiting yourself to cards from a single issuer usually isn’t wise, as it’s a recipe for missing great deals. So we recommend comparing your favorite Bank of America business credit card to the best business cards from other issuers. You may also want to consider consumer cards in certain situations, such as when you don’t plan to pay your balance in full every month.
Finally, as you can see above, Bank of America business credit cards all require good credit or better for approval. And it’s your personal credit standing that matters. So it’s a good idea to check your latest credit score for free on WalletHub to confirm that you can qualify.
Methodology for Selecting the Best Bank of America Business Credit Cards
To identify the best business credit cards from Bank of America, WalletHub’s editors regularly compare all of the Bank of America-issued business cards from our database of 1,500+ credit card offers. In comparing the cards, we focus on expected cardholder savings, whether from rewards or financing deals, after factoring in annual fees and other key WalletHub Rating components.
How Two-Year Cost Is Calculated
Two-year cost is used to approximate the monetary value of cards for better comparison and is calculated by combining annual and monthly membership fees over two years, adding any one-time fees or other fees (like balance transfer fees), adding any interest costs, and subtracting rewards. Negative amounts indicate savings. When fees or other terms are presented as a range, we use the
midpoint for scoring purposes.
Rewards bonuses and credits have been taken into account for two-year cost calculations. However, bonuses applicable to only a very small portion of cardholders are not considered. For example, credits and bonuses awarded for spending or redeeming rewards through a company portal with non-co-branded cards have not been taken into account. Similarly, bonuses and credits related to spending with specific merchants using a non-co-branded card have not been taken into account (for example, if Card A offers credits with DoorDash, this feature would not be factored into calculations because it is hard to assess how many cardholders would use the benefit or exactly how much value they'd get from it).
Cardholder Spending Profiles
Given that different users have different goals and are likely to use their credit cards differently, we identified spending profiles that are representative of different users’ financial priorities and behaviors. For each cardholder type, we have assumed a specific amount of monthly spending by purchase type (e.g., groceries, gas, etc.), as well as an average balance, balance transfer amount, amount spent on large purchases and average monthly payment. Spending assumptions are based on PEX data.