How to Maximize the Bank of America Business Advantage Travel Rewards World Mastercard

Joining the Bank of America®‎ Preferred Rewards for Business program will boost your rewards earnings.

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The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card has a $0 annual fee and a straightforward rewards program.

Cardholders who are also Bank of America business banking customers can potentially get more value. Here's how to maximize this credit card.

Ways to get the most from your card

Earn welcome bonus points

Here’s the current Bank of America® Business Advantage Travel Rewards World Mastercard® credit card welcome bonus: Earn 30,000 online bonus points after you make at least $3,000 in net purchases in the first 90 days of your account opening which can be redeemed for a $300 statement credit towards travel or dining purchases.

That’s a decent sign-up bonus for a card with $0 annual fee.

Earn points by using the card

Every time you use the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card for qualifying purchases, you’ll earn points redeemable toward travel, gift cards and other rewards. Cardmembers earn:

  • 3 points per dollar spent when booking travel through the Bank of America Travel Center.

  • 1.5 points per dollar spent on all other purchases.

Join the Preferred Rewards for Business program

But there’s a way to earn even more points on purchases. Cardmembers who also participate in the Bank of America® Preferred Rewards for Business program and maintain a certain minimum balance in checking and investment accounts get a boost on the number of points earned for each purchase.

To qualify for the Bank of America®‎ Preferred Rewards for Business program, you’ll need:

  • A Bank of America®‎ business checking account.

  • $20,000 or more in qualifying Bank of America® business deposit accounts, which include eligible Merrill investment accounts (calculated as a three-month average of combined balances).

Once you qualify, there are three levels of membership that are dependent on account balances.

Program tier

Required balance

Relationship bonus


$20,000 to $49,999



$50,000 to $99,999


Platinum Honors

$100,000 to $999,999



$1,000,000 to $9,999,999


Diamond Honors

$10 million or more


The Preferred Rewards for Business relationship bonus speeds up your points earning when you use the card. Here’s how the annual rewards rack up for a business owner charging $1,000 a month.

Preferred Rewards level

Rewards boost

Points per $1 spent

Annual points ($12,000 in spending)












Platinum Honors, Diamond or Diamond Honors




Preferred Rewards for Business offers more than a points boost. Depending on the membership level, you can also get interest-rate boosts on business savings accounts, no-fee ATM transactions and loan rate discounts, among other perks.

Redeem points for travel

You can redeem points for travel, cash back or gift cards. Points are worth 1 cent each toward travel redemptions, and the minimum redemption amount is 2,500 points (a value of $25). Your points are worth less when redeemed for cash back. The value for gift card redemptions vary.

Redeeming points for travel is simple. Just pay for travel with your card, then use your points to get a statement credit for the eligible purchase. A travel credit is applied as a statement credit to your account to offset travel purchases including airfare, hotels, campgrounds, car rentals, cruises, taxis, parking garages and more.

A benefit of this card’s rewards program is that you don’t have to worry about blackout dates. You also aren’t limited to using points with specific travel partners — you can just book travel as you normally do, pay with your card, then use points to offset the purchase.

The bottom line

The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card has a straightforward rewards structure, which makes it simple to use points to offset travel purchases. Cardholders who qualify for Gold, Platinum or Platinum Honors with the Preferred Rewards for Business program can earn up to 75% more points on everyday purchases.

Redeeming points for travel will give the most value for your rewards, but you also have the flexibility to use them for gift cards or cash at a lesser redemption value.

How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2022, including those best for:

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