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

Credit needed
Good
APR
12.24%-22.24%
Annual Fee
$0

Card Summary

You earn 3 points for every dollar you spend when booking your travel via the Bank of America Travel Center, and 1.5 points for all purchases. Points never expire and you can get unlimited points.

Sign up for the card and receive 30,000 points if you make $3,000 of net purchases within 90-days.

There is no annual charge and a promotional APR on all purchases.

The cardholders receive travel insurance that includes lost luggage reimbursement, trip cancellation protection, trip delay reimbursement, and travel accident coverage.

Card Summary - Cons

Rates and fees

Issuer Name
Bank of America
Penalty APR
N/A
Credit Needed
Good
Balance Transfer Fee
The greater of $10 or 4% depending on the transaction amount, whichever is higher.
Annual Fee
$0
Cash Advance Fee
$10, or 4%, depending on the transaction amount. Overdraft Protection Cash advance (if you are enrolled): $10, or 3%, depending on the transaction amount.
APR
12.24%-22.24%
Foreign Transaction Fee
None
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The Best Features

Unlimited Rewards: The card can earn unlimited points. You will earn 3 points for every dollar you spend when you book travel with the Bank of America Travel Center, and 1.5 points for all purchases.

There is no cap on how many points you earn. Cardholders receive a zero percent APR for the first nine billing cycles.

The card's APR ranges from 12.24% to 22.24% depending on the creditworthiness of your personal and business.

Get 30,000 bonus points when you spend $3,000 on net purchases within the first 90 days after account opening.

Rewards

Sign up bonus

APR Requirements

Drawbacks

There are a few bonus categories. The Bank of America Travel Center earns you 3 points for every dollar that your card spends on travel, and 1.5 points for all purchases.

There are other business credit cards that offer additional bonus categories like gas stations and office supplies.

Balance transfers have no introductory rates: Cardholders are eligible for a 0% APR for purchases within the first nine billing cycles.

However, balance transfers do not qualify for an introductory rate.

Based on the creditworthiness of your company or personal credit, there is an APR of 12.24%-22.24%.

Highlights

You can earn 30,000 bonus points if you spend at least $3,000 net within the first 90 days after your account opens. These points can then be used to redeem a $300 credit toward travel purchases.

Unlimited 1.5 Points for each $1 spent on any purchase, anywhere, anytime - regardless of how large or small. Book your trip (hotel, car, or airline) with the Bank of America Travel Center and earn 3 points for every $1 spent There is no limit on the amount of points that you can earn, and they don't expire.

You'll earn 75% more points when you are a Platinum Honors member of Preferred Rewards Business Platinum. This means that you will earn 2.62 points on every purchase and 4.12 points per $1 spent at the Bank of America Travel Center.

There is no annual fee or international transaction fee. You can use points to get a credit on your statement for purchases you make with your travel card. Or, to redeem your points for travel payments at the Bank of America Travel Center.

Benefits

Comparative Analysis with Other Cards

Bank of America Business Advantage World Mastercard Credit Card vs. Capital One® Spark Miles Business

Annual fee: There is no annual fee for the Bank of America Business Advantage World Mastercard Credit Card. Capital One Spark Miles for Business cards require an annual fee. It is $0 for the first year and $95 thereafter.

Reward: The Bank of America Business Advantage Travel rewards World Mastercard credit cards will give you 3 points for every dollar you spend when you book travel via the Bank of America Travel Center, and 1.5 points for all purchases.

Capital One Travel offers 5 Miles per Dollar for hotel or rental car reservations. Capital One Spark Miles Business gives you 2 Miles per Dollar on all purchases.

Sign up bonus: When you make $3,000 of net purchases with the Bank of America Business Advantage World Mastercard credit cards, you'll earn 30,000 points. Cardholders who open Capital One Spark Miles for business receive 50,000 bonus miles for every $4,500 they spend within 3 months of account opening.

Benefits: Cardholders of the Bank of America Business Advantage World Mastercard Credit card can get travel insurance and lost luggage reimbursement. Trip cancellation coverage is also available.

Capital One Spark Miles benefits for business include an extended warranty, an auto rental collision damages waiver and travel and emergency assistance.

Bank of America Business Advantage World Mastercard Credit Card vs. Chase Sapphire Prefer Card

Annual Fee: There is no annual fee for the Bank of America Business Advantage World Mastercard Credit Card. Chase Sapphire Preferred Card charges $95 annually.

Reward: The Bank of America Business Advantage Travel rewards World Mastercard card will give you 3 points for every dollar you spend when you book travel via the Bank of America Travel Center, and 1.5 points for all purchases.

Chase Sapphire Preferred Card gives you five points per $1 on Lyft (valid until March 2022), three points for dining out at restaurants, two points for travel and one point on any other purchase.

Sign up bonus: The Bank of America Business Advantage World Mastercard credit card will give you 30,000 points if you make $3,000 of net purchases within the first 90 days of your account opening. Chase Sapphire Preferred Card gives you 60,000 bonus points if $4,000 is spent within the first three months of account opening.

Benefits: Cardholders of the Bank of America Business Advantage World Mastercard Credit card receive travel insurance and reimbursement for lost luggage, cancellation, delay, and travel accidents.

Chase Sapphire Preferred Card Holders get Trip Cancellation and Interruption Insurance, Auto Rental Collision Damage Waiver, Travel and Emergency Assistance Services, Purchase Protection and Extended Warranty Protection.

Bank of America Business Advantage World Mastercard cardholders can enjoy the following benefits:

Travel accident insurance Refunds for lost luggage Trip cancellation coverage Trip delay reimbursement.

Redeeming Rewards

Maximizing Rewards

Annual Fees

Conclusion

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No late fees. Reduced interest charges. Pay off

Bank of America