MoneyGeek’s Take

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

The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card is an excellent option for business owners looking for a no-annual-fee credit card with travel-related advantages and cash back savings.

Advertising & Editorial DisclosureLast Updated: 11/21/2022
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Last Updated: 11/21/2022

Cardholders can earn up to 30,000 bonus points after spending at least $3,000 in the first 90 days of opening an account. These points can be redeemed for a $300 statement credit toward travel or dining expenses.

Card Details to Know Up Front
  • Bonus, Fee or Feature
    Has or Not
  • Has Annual Fee
  • Has Balance Transfer Offer
  • Has APR Offer
  • Cash Back Rewards
  • Travel Rewards
Click to see this card’s rates, fees and how they compare to other cards in our dataset.

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

For every dollar spent on purchases with this card, you’ll receive 1.5 points in rewards. Additionally, for every dollar spent on travel booked via the Bank of America Travel Center, you’ll earn 3 points, with no cap on the number of total points you can earn.

Cardholders get 0% APR on purchases for the first 9 billing cycles. Afterwhich, the card's standard annual percentage rate (APR) of 15.24% to 25.24% applies.


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

    A great no-annual-fee business rewards card with several added benefits


    • $0Annual Fee
    • 15.24% – 25.24%APR
    • 9 monthsAPR Offer Duration
    • 1.5-3 PointsRewards Rate
    • 3xRewards Rate on Air Travel

Pros & Cons Explained

It’s important to weigh the pros and cons of the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card before deciding if it’s the right card for you.

Pros

  • Benefits
    Description
  • No annual fee
    Bank of America doesn’t charge an annual fee to keep the card active.
  • No foreign transaction fees
    Cardholders pay no foreign transaction fees and earn points on international purchases.
  • Generous rewards
    Bank of America will give 30,000 bonus points to new cardholders that spend at least $3,000 in the first 90 days of opening their account. These bonus points will be redeemable for a $300 statement credit toward travel or dining. Having a Bank of America business checking account qualifies you for Bank of America's top Preferred Rewards program, which can help you earn up to 75% more points on every transaction. For example, at the Bank of America Travel Center, you can earn up to 5.25 points for every dollar spent. When booking travel plans through merchants other than Bank of America, you can still earn up to 2.62 points for every dollar spent.
  • No limit to earning
    There is no limit to the number of points you can earn with the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card and points don’t expire.

Cons

  • Drawbacks
    Description
  • Excellent credit score requirement
    The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card requires an excellent credit score.
  • Potentially high APR
    For the first 9 billing cycles, cardholders may make purchases at 0% interest. After the intro APR period expires, a variable APR ranging from 15.24% – 25.24% will apply, depending on the cardholder's creditworthiness.
  • Only travel-related perks
    Cardholders can only redeem points for a statement credit to offset travel and dining-related purchases.
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LOOKING FOR THE BEST CREDIT CARDS OF 2022?

MoneyGeek selected the top business rewards credit cards for individuals looking for a business travel rewards card in 2022. At MoneyGeek, we consistently recheck data sources for updated information and reevaluate ratings if necessary to help you make the most informed decision.

Bonuses & Rewards Explained

With the Bank of America Business Travel Rewards credit card, you can earn points on regular purchases and travel booked through the Bank of America Travel Center. Additionally, the 30,000 bonus points intro offer to cardholders that spend at least $3,000 in the first 90 days of user registration, is a notable incentive. These points can be redeemed for a $300 statement credit for travel or dining-related expenses.

1

Regular purchases

Cardholders can earn 1.5 points for every dollar spent on regular purchases.

2

Travel purchases

Besides regular purchases, Cardholders can earn 3 points for every dollar spent on travel purchases made through the Bank of America Travel Center.

3

Cardholders with a business checking account with Bank of America

If you have a business checking account with Bank of America and qualify for their highest Preferred Rewards for Business Tier, you may earn up to 75% more points on every transaction. That means you may earn up to 2.62 points for every dollar spent on all purchases and up to 5.25 points for every dollar spent at the Bank of America Travel Center.

4

Redeemable rewards

Cardholders can redeem their points for cash back, credit toward future travel purchases or credit toward travel booked via Bank of America.

Other Features Explained

Aside from the generous bonus features, the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card has additional features. They are as follows:

  • Card Feature
    Description
  • Travel and emergency services
    The Bank of America Business Advantage Travel Reward credit card provides travel services for cardholders' business needs, such as $1 million in travel accident insurance, lost luggage reimbursement, trip cancellation coverage and trip delay reimbursement.
  • $0 fraud liability
    This provider has a $0 liability policy, which means they will pay for any unauthorized charges to your account.
  • Fraud monitoring
    This provider proactively bans any unusual patterns on your account to prevent fraud and notifies you of steps you may take to secure your account.
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MONEYGEEK QUICK TIP

To avoid paying finance charges on purchases, keep in mind that your due date is at least 25 days from your statement closing date. If you pay your entire balance in full by the due date each month, Bank of America won’t apply finance charges to your purchases.

Understanding the Fine Print

It's important to read the terms and conditions of any credit card before applying. That way, you understand all rates and fees specific to that card.

  • Card Feature
    Amount or Rate
  • APR
    15.24% – 25.24%
  • Annual Fee
    $0
  • Cash Back Rewards
  • Rewards Rate
    1.5-3 Points
  • Airline Benefits
  • This is an icon

    Into APR

    The card features a 0% intro APR for the first 9 billing cycles after you open your account, after which, the regular APR applies.

  • This is an icon

    Regular APR

    The variable APR on the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card ranges from 15.24% – 25.24%. This APR is subject to change depending on the current prime rate.

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    Balance Transfer APR and Fees

    The card's variable APR for balance transfers ranges from 15.24% to 25.24%, depending on your personal or business creditworthiness when you open your account. This provider also charges balance transfer fees of $10 or 4% of the transaction amount, whichever is higher.

    >>MORE: YOUR GUIDE TO CARRYING OUT BALANCE TRANSFERS WITH BANK OF AMERICA
  • This is an icon

    Cash Transfer APR and Fees

    The variable APR for cash transfers on this card is 27.24% and it varies with the market depending on the Prime Rate. Cash transfer fees of $10 or 4% of the transaction amount, whichever is greater, are also charged by this provider.

  • Penalty Fees

    Bank of America charges the following late payments based on the leftover balance in your account.

    • For balances less than or equal to $100, a $19 fee applies.
    • For balances between $100.01 and $1,000, a $29 fee applies.
    • For balance between $1,000.01 to $5,000, a $39 fee applies.
    • For balances greater than $5,000, a $49 fee applies.
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WHERE TO FIND THIS INFORMATION?

When comparing this card to other business reward travel credit cards, keep the APR and any related fees in mind. If you want to compare it to a card you already have, you can look through your most recent billing statement or visit your card provider's website or app. Alternatively, you can get information from the Consumer Financial Protection Bureau's credit card agreement database (CFPB).

Who Should & Shouldn’t Consider Bank of America® Business Advantage Travel Rewards World Mastercard® credit card?

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

Before applying for the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card, be sure to think about how you will use it. You'll want to think about whether this will be your sole card or whether you want to use it as an extra card in your wallet before making a decision.

Things to Consider if This Will Be Your First or Only Credit Card

When making purchases with this card, bear in mind the high APR if this is your first or only credit card. If you carry debt from month to month, you'll wind up paying a lot in interest because of this card's high APR. Keep in mind that cardholders will also incur late payment penalties based on the amount leftover in their account.

Things to Consider if This Will Be an Additional Card in Your Wallet

If you plan to use this card as an additional card in your wallet, it might be a good option if you make a lot of purchases due to its unlimited 1.5 points for every one dollar spent rewards program. This card may save you money on annual fees and foreign transaction fees since it does not charge either.

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WHY TRUST OUR REVIEWS:

In our credit card reviews, we follow a well-defined and established methodology. The database of the Consumer Financial Protection Bureau is used to collect information, standardize data points for comparison, estimate typical spending profiles, establish long-term value and perform regular re-ranking.

How Bank of America® Business Advantage Travel Rewards World Mastercard® credit card Compares to Other Cards

To put it simply, this credit card stacks up against other similar business credit cards that offer travel rewards. Whether or not this card is right for you will ultimately depend on your current credit score and how much you intend to use the credit card.

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

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

  • APR for purchases: 15.24% – 25.24%
  • APR for cash advances: 27.24%
  • Annual fee and foreign transaction fees: $0
  • Creditworthiness: Excellent
  • Best for: Frequent travelers looking to save money on annual fees and foreign transaction fees
creditCard1

Wells Fargo Business Secured Credit Card

  • APR for purchases: *Prime Rate + 11.40%
  • APR for cash advances: *Prime Rate + 20.74%
  • Annual fee and foreign transaction fees: $0
  • Creditworthiness: Bad credit or no credit
  • Best for: Businesses with little or no credit history

*Prime Rate is specific to Wells Fargo and is subject to change at any time. Currently, the prime rate is 3.50%.

Other Helpful Decision-Making Q&As

MoneyGeek answers some of the most commonly asked questions about the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card to help you determine if its the best option for you.

Still not sure about this card? Consider these options.

If you're not sure how well this card will work for you, try looking at what some of the other top business cards have to offer. If you don't specifically need a business credit card, a rewards credit card or a cash back credit card are good alternative options.

Learn more about credit cards in general

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*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity.
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