Is the Bank of America® Business Advantage Travel Rewards World Mastercard® right for you?

Kat Tretina

April 14, 2019  •  3 Minute Read

Credit Cards

As a business owner, having access to a reliable source of credit is essential for your business’ well-being and operations. A good credit card can be invaluable, helping you purchase the inventory and supplies you need, when you need them.

However, it’s easy to get overwhelmed by the many different business credit cards out there; they each have their pros and cons. If you’re considering the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card (Offer Expired), here’s what you need to know.

Rewards

With the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card (Offer Expired), you can earn unlimited 1.5 points for every dollar you spend on all purchases, without having to worry about rotating spending categories. You’ll also earn 3 points per $1 spent on travel — including flights, rental cars, and hotel stays — booked through the Bank of America® Travel Center.

As an added bonus, you can earn 30,000 bonus reward points after spending at least $3,000 in net purchases within the first 90 days of your account opening. That’s the equivalent of a $300 statement credit towards travel purchases.

You can redeem your rewards for flights, hotel stays, or even cash back and gift cards. There are no blackout dates or travel restrictions when booking your travel through the Bank of America Travel Center.

Benefits

If you’re a business owner, the Bank of America® Business Advantage Cash Rewards Mastercard® credit card (Offer Expired) has two main benefits that will enhance your cardholder experience.

• Cash flow management: Your transactions will sync with Quickbooks, simplifying your bookkeeping.
• Travel and emergency services: Get perks like travel accident insurance, lost luggage reimbursement, trip cancellation coverage, and trip delay reimbursement.

Compared to some other business credit cards, the benefits of this card are fairly scarce. But most of the card’s value comes from its rewards.

Terms & Fees

As a business owner, your focus is on keeping your costs low. That’s why the Bank of America® Business Advantage Cash Rewards Mastercard® credit card (Offer Expired) can be a smart choice; it has zero annual fee, and offers a 0% introductory APR on new purchases made during the first nine billing cycles. After that, there is a variable APR on purchases of 13.74% - 23.74%.

2 Alternatives to the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card (Offer Expired)

While the Bank of America® Business Advantage Cash Rewards Mastercard® credit card (Offer Expired) is a solid option for many entrepreneurs and business owners, there may be better cards for you based on your needs and spending habits. Here are two potential alternatives:

1. Ink Business Preferred® Credit Card

With the Ink Business Preferred® Credit Card, you can earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases.

There is a $95 annual fee. Points are worth 25% more when you redeem for travel through Chase Travel℠ and you can redeem points for travel, cash back, gift cards and more - your points don't expire as long as your account is open.

2. Capital One® Spark® Cash Select for Business

If your focus is on cash back rather than travel rewards, the Capital One® Spark® Cash Select for Business credit card might be for you. With it, you can earn unlimited 1.5% cash back for your business on every purchase, everywhere, no limits or category restrictions. Plus, you can get a one-time $200 cash bonus if you spend at least $3,000 on purchases within the first three months of opening an account. And, like the Bank of America® Business Advantage Cash Rewards Mastercard® credit card (Offer Expired), there is no annual fee.

*Information for this card not reviewed by or provided by Capital One

The bottom line

While looking for a new credit card can be overwhelming, using our resources can help streamline the process. If you’re looking for a new business credit card, check out our favorite options.