The
Bank of America® Business Advantage Travel Rewards World Mastercard® credit card is a good credit card for business owners with
excellent credit who want to earn bonus rewards on travel without having to pay an annual fee. This card is especially good if you have a business checking account from Bank of America, as that can get you even more bonus rewards.
The card’s positive attributes include rewards of
1.5 points per $1 on purchases, along with an initial bonus of
30,000 points for online applicants who spend at least
$3,000 in the first
90 days after opening an account. Bank of America rewards points are worth an average of 1 cent each. New cardholders will also enjoy a
0% introductory APR on new purchases.
On the other hand, the
Bank of America Travel Rewards Business Card does have some shortcomings, too. Most notably, its regular APR could be anywhere from
18.49% to 28.49% Variable.
Bank of America® Business Advantage Travel Rewards World Mastercard® credit card Review Highlights
30,000-point initial bonus
If you apply for the
Bank of America Travel Rewards Business Card online and then make at least
$3,000 in purchases during the first
90 days your account is open, you will earn an initial bonus of
30,000 points. That bonus is worth $300 in statement credits towards travel or dining-related purchases.
For comparison, the average initial bonus available right now is
30,381 points or miles, or
$242 cash back. In other words, the
Bank of America Travel Rewards Business Card’s bonus is better than average.
1.5 points per $1 in purchases
The
Bank of America Travel Rewards Business Card gives at least
1.5 points / $1 spent on all purchases, which makes it more rewarding than the average credit card offer – before we even discuss the maximum rewards rate. The
Bank of America Travel Rewards Business Card gives 3 points / $1 spent on hotels, airfare and rental cars booked through the Bank of America Travel Center. That is one of the card’s most important features. You probably shouldn’t apply if you’re not comfortable booking travel through Bank of America.
Up to 75% more rewards for banking customers
Cardholders who also own a Bank of America business checking account can get 25% to 75% more rewards on every purchase. The account needs to have an average balance of at least $20,000 to be eligible.
This feature could be the deciding factor for business owners who already bank with Bank of America.
$0 annual fee
The
Bank of America Travel Rewards Business Card’s
$0 annual fee makes the card
$21.58 per year cheaper than the average credit card offer. It’s a good idea to target a business credit card with no annual fee if you won’t be able to save more money overall with a card that charges a fee but offers better rewards.
0% introductory APR
The
Bank of America Travel Rewards Business Card is a good option for new-purchase financing early on, as it offers an introductory APR of
0% for 9 billing cycles. This financing deal shouldn’t be the main reason you apply, however. If you really want a card to help you save on interest, you’re better off comparing the best 0% APR credit cards.
18.49% - 28.49% Variable regular APR
If you get approved for the
Bank of America Travel Rewards Business Card, you will be assigned an APR depending on your creditworthiness. None of the possibilities are very exciting, unfortunately. The minimum rate possible is still about average compared to other credit cards for people with
excellent credit. Similarly, the maximum rate possible is a lot higher than the average APR among business credit card offers.
In other words, it’s best to pay the bill in full every month that regular APR is in effect.
750+ credit score recommended
The
Bank of America Travel Rewards Business Card requires
excellent credit for approval, which means applicants will need a credit score of
750 or higher for good approval odds. You can
check your credit score for free on WalletHub.