Bank of America Business Advantage Travel Rewards overview

Preferred Rewards® (for Business) The credit card is a good option for everyday business expenses, as it’s the Bank of America® Business Advantage Travel rewards World Mastercard® that you can use to pay for your bank account. But other card options will offer more value to other customers, even if they are not s. *****Card Rating* ‘**,.

* Card rating is based on the opinion of TPG’s editors and is not influenced by the card issuer.

One of a handful of Bank of America business cards that earn rewards is the Bank Of America Business Advantage Travel Rewards World Mastercard credit card, which was designed by The Bank.

For example, it earns a fixed 1 by its . All purchases are rated at 5 points per dollar for every purchase. But you can earn even more if you have a business checking account with Bank of America and are on Preferred Rewards for Business.

We recommend applicants with a credit score of at least 670 to increase their chances for approval, and it is not an annual fee.

While it may seem to be a lot of value for existing Bank of America customers, make sure that’s the business card you should choose. Other low-budget business cards offer a higher return and more flexible redemption options.

Related: How to pick a strategy for your small-business credit cards

Bank of America Business Travel Rewards pros and cons

| Pros | Cons |
| — | — |
| * Simple earning rate * Higher returns for Bank of America customers * No annual fee | * Other no-annual-fee business cards offer higher earning rates * Limited value if you’re not a Bank of America customer |

Bank of America Business Travel Rewards welcome offer

A good welcome bonus is provided by the Business Advantage Travel Rewards, which offers a no-annual-fee card to you. After $5,000 on purchases in the first 90 days of account opening, you’ll earn 50,000 points. That is about $500 for travel or dining that can be redeemed as statement credits.

THE POINTS GUY

It’s certainly not the highest welcome bonus available right now, but $500 for only $5,000 in spending isn’t bad.

Bank of America Business Travel Rewards benefits

The Business Advantage Travel Rewards aren’t all about perks and benefits. That’s not surprising, though, because it doesn’t charge an annual fee for .

You will get business tools such as QuickBooks integration to help make expense tracking easier.

Also, you’ll be protected from travel insurances such as travel accident insurance, lost luggage reimbursement, trip cancellation coverage and trip delay reimbursement. This will save you a hundred of dollars when things go wrong on the road and your business is saved by these.

Earning points with the Bank of America Business Travel Rewards

With the Business Advantage Travel Rewards, you’ll earn a flat 1.5 points per dollar spent on all purchases.

The Preferred Rewards for Business Program makes this a good business card for nonbonus spending, but the high income of this earner is one of the best ways to win. However, big changes were recently announced for the consumer Preferred Rewards program (which will be implemented by BofA Rewards starting May 27), so that we can expect to see similar changes in the business version as well as other new ones.

PEKIC/GETTY IMAGES

It’s like the Preferred Rewards for Business program similar to the soon-to-change personal version of a phrase. With a balance of $20,000 three months in qualifying Bank of America business deposit accounts or Merrill businesses investment account, you can sign up.

There are three levels of banking and credit card benefits with a number of banks and credits. A 75% bonus (up to 2. If you are eligible for Platinum Honors tier, then base points earned with the card were 62 points per dollar spent on all purchases. Gold & Platinum 25% and 50% bonuses for lower tiers, respectively.

Related: Business cards vs. personal cards: Key differences

Redeeming points with the Bank of America Business Travel Rewards

You can redeem your Business Advantage Travel Rewards points as a statement credit for:

• Cash back: 0.6 cents per point
• Eligible travel purchases: 1 cent
• Eligible dining purchases: 1 cent
• Gift cards: Varies

TPG editor Emily Thompson (left) says you’ll get the most out of your points when you redeem them as a statement credit for travel or dining. Just remember, there is a minimum redemption of 2,500 points ($25 for travel or dining purchases) on the redeemer’s behalf.

Related: How (and why) to calculate award redemption values

Which cards compete with the Bank of America Business Travel Rewards?

There are several cards that compete with the Business Advantage Travel Rewards:

• If you prefer American Express:

The Blue Business® Plus Credit Card from American Express

has no annual fee (see

rates and fees

) and earns 2 points per dollar on purchases. However, the 2 points per dollar rate is only on the first $50,000 spent per calendar year (you’ll make 1 point a dollar later)? Read out our for more information.

full review of the Blue Business Plus

.

• If you prefer Chase: The

Ink Business Unlimited® Credit Card

(see

rates and fees

Those who are interested in Chase cards can choose to use the business-card option (such as ) for their card. Card 1. If you can get 5% cash back on your purchases and you do.

convert these earnings to Chase Ultimate Rewards points

if you also have a premium Chase card. For more information, read our

full review of the Ink Business Unlimited

.
The Capital One Spark Miles Select for Business earns 1** if you like CapitalOne** * ***** It’s a solid no-annual-fee option for business owners, with 5 miles per dollar spent on all purchases. Miles can also be transferred to travel partners as well as a . Read our review of for more information.

full review of the Spark Miles Select

.

For additional options, check out our full list of the best business cards.

A points guy, The Points Guy, has independently collected the information for the Capital One Spark Miles Select for Business. On this page, the card issuer has not reviewed or provided any information about the cards details.

Related: Your guide to the Chase Ink Business credit cards

Is the Bank of America Business Travel Rewards worth it?

If you are a Preferred Rewards for Business member, the Business Advantage Travel Rewards is worth it. But if you’re not, consider a card like the Capital One Spark Miles for Business which offers better redemption options because it has its suite of transfer partners.

Related: How to choose the right credit card for your business expenses

Bottom line

In case you qualify for the Preferred Rewards for Business program, then it’s nice to earn travel rewards with the business Advantage Travel Rewards. During the top Platinum Honors tier, you’ll make 2$2. It’s 62 points per dollar for everything you do to pay for your business with this card.

However, nonmembers should look elsewhere for higher returns on both travel rewards and everyday spending.

Apply here: Bank of America Business Advantage Travel Rewards World Mastercard

For rates and fees of the Blue Business Plus Amex, click here.

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