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 bonus points when you make at least $3,000 in net purchases within 90 days of your account opening which can be redeemed for a $300 statement credit towards travel 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.
$20,000 to $49,999
$50,000 to $99,999
$100,000 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
Points per $1 spent
Annual points ($12,000 in spending)
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.
» Learn more: Best travel credit cards for business
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 2021, including those best for:
Airline miles and a large bonus: Chase Sapphire Preferred® Card
No annual fee: Wells Fargo Propel American Express® card
Flat-rate rewards with no annual fee: Bank of America® Travel Rewards credit card
Premium travel rewards: Chase Sapphire Reserve®
Luxury perks: The Platinum Card® from American Express
Business travelers: Ink Business Preferred® Credit Card