Best Bank of America Business Credit Cards of February 2022
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Bank of America® offers multiple business credit cards designed to meet the different needs of small businesses.
Existing business checking customers will get the most value out of the Bank of America® Business Advantage cards, as they can earn additional rewards with their cards if they qualify for the Preferred Rewards for Business program.
Unlike some other small-business credit cards, which accept good credit scores (690 to 719 FICO), Bank of America® business credit cards generally require excellent credit scores (720+) to qualify.
Below, you’ll find our selections for the best Bank of America® business credit cards, as well as top alternatives to consider.
Bank of America® offers multiple business credit cards designed to meet the different needs of small businesses.
Existing business checking customers will get the most value out of the Bank of America® Business Advantage cards, as they can earn additional rewards with their cards if they qualify for the Preferred Rewards for Business program.
Unlike some other small-business credit cards, which accept good credit scores (690 to 719 FICO), Bank of America® business credit cards generally require excellent credit scores (720+) to qualify.
Below, you’ll find our selections for the best Bank of America® business credit cards, as well as top alternatives to consider.
Best Bank of America Business Credit Cards
| Credit Card | NerdWallet Rating | Annual fee | Rewards rate | Intro offer | Learn More |
|---|---|---|---|---|---|
Bank of America® Business Advantage Travel Rewards World Mastercard® credit card Apply now on Bank of America's website | Best for Travel rewards | $0 | 1.5x- Points | 30,000 Points | Apply now on Bank of America's website |
Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card Apply now on Bank of America's website | Best for Flat-rate cash back | $0 | 1.5x Cashback | $300 | Apply now on Bank of America's website |
Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card Apply now on Bank of America's website | Best for Bonus categories | $0 | 1%- Cashback | $300 | Apply now on Bank of America's website |
Alaska Airlines Visa® Business card Apply now on Bank of America's website | Best for Airline miles | $50 for the company and $25 per card | 1x- Miles | 60,000 Miles | Apply now on Bank of America's website |
Our pick for
Travel rewards
on Bank of America's website
on Bank of America's website
Annual fee
$0
Rewards rate
1.5x-3x
Points
Intro offer
30,000
Points
Recommended Credit Score
Pros
No annual fee
New cardholder bonus offer
Intro APR period
No reward caps
No foreign transaction fees
Cons
Requires excellent credit
Best rewards limited to certain customers
Pros
No annual fee
New cardholder bonus offer
Intro APR period
No reward caps
No foreign transaction fees
Cons
Requires excellent credit
Best rewards limited to certain customers
Earn 30,000 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-related purchases
Earn unlimited 1.5 points for every $1 spent on all purchases everywhere, every time-no matter how much you spend. Points don't expire.
Earn 3 points per every dollar spent on travel purchases (car, hotel, airline) booked through the Bank of America® Travel Center
No annual fee and no international transaction fees
0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 12.24% to 22.24% will apply.
Redeem points for a statement credit to offset travel and dining-related purchases, travel with no blackout dates at the Bank of America Travel Center, cash back or gift cards
Earn up to 75% more points on every purchase, if you have a business checking account with Bank of America and qualify for our highest Preferred Rewards for Business tier. That means you could earn up to an unlimited 2.62 points per $1 spent on all purchases and up to 5.25 points per $1 spent at the Bank of America Travel Center.
Contactless Cards - The security of a chip card, with the convenience of a tap
This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Our pick for
Flat-rate cash back
on Bank of America's website
on Bank of America's website
Annual fee
$0
Rewards rate
1.5x
Cashback
Intro offer
$300
Recommended Credit Score
Pros
No annual fee
Intro APR
New cardholder bonus offer
High cash back rate
Cons
Has foreign transaction fee
Requires excellent credit
Pros
No annual fee
Intro APR
New cardholder bonus offer
High cash back rate
Cons
Has foreign transaction fee
Requires excellent credit
Get a $300 statement credit after you make at least $3,000 in net purchases in the first 90 days of your account opening
Earn unlimited 1.5% cash back on all purchases everywhere, every time
No annual cap and cash rewards don’t expire
No annual fee
You can earn up to 75% more cash back on every purchase, if you have a business checking account with Bank of America and qualify for our highest Preferred Rewards for Business tier. That means you could earn up to an unlimited 2.62% cash back on all purchases.
Choose how to redeem your cash rewards – as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you
0% Introductory APR on purchases for the first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 12.24% to 22.24% will apply.
Contactless Cards - the security of a chip card, with the convenience of a tap
This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Our pick for
Bonus categories
on Bank of America's website
on Bank of America's website
Annual fee
$0
Rewards rate
1%-3%
Cashback
Intro offer
$300
Recommended Credit Score
Pros
No annual fee
High rewards rate
New cardholder bonus offer
Intro APR period
Rotating bonus categories
Cons
Requires excellent credit
Complicated rewards
Foreign transaction fee
Spending caps on bonus rewards
Best rewards limited to certain customers
Pros
No annual fee
High rewards rate
New cardholder bonus offer
Intro APR period
Rotating bonus categories
Cons
Requires excellent credit
Complicated rewards
Foreign transaction fee
Spending caps on bonus rewards
Best rewards limited to certain customers
Get a $300 statement credit after you make at least $3,000 in net purchases in the first 90 days of your account opening – with no annual fee and cash rewards don't expire
Earn 3% cash back in the category of your choice, 2% cash back on dining purchases and unlimited 1% cash back on all other purchases
You'll earn 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter
0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 12.24% to 22.24% will apply.
Redeem your cash back as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you
Earn up to 75% more cash back on every purchase, if you have a business checking account with Bank of America and qualify for our highest Preferred Rewards for Business tier. That means you could earn up to 5.25% on your selected choice category and up to 3.5% on dining purchases on the first $50,000 in those combined purchases each calendar year, and up to an unlimited 1.75% cash back on all other purchases.
Contactless Cards - The security of a chip card, with the convenience of a tap
This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Our pick for
Airline miles
on Bank of America's website
on Bank of America's website
Annual fee
$50 for the company and $25 per card
Rewards rate
1x-3x
Miles
Intro offer
60,000
Miles
Recommended Credit Score
Pros
Companion benefit
Free checked bag
Cons
Requires excellent credit
Has annual fee
Rewards have limited flexibility
Pros
Companion benefit
Free checked bag
Cons
Requires excellent credit
Has annual fee
Rewards have limited flexibility
Limited Time Offer! Get 60,000 bonus miles plus Alaska's Famous Companion Fare™ from $121 ($99 fare plus taxes and fees from just $22) with this offer. To qualify, make purchases of $3,000 or more within the first 90 days of opening your account.
Get another Alaska's Famous Companion Fare™ every year! Each Year on your credit card account anniversary you'll receive a companion fare which allows you to book a companion flight from just $121 ($99 fare plus taxes and fees from $22). Valid on all Alaska Airlines flights booked on alaskaair.com.
Free checked bag for you and up to 6 guests on the same reservation - that's a savings of $60 per person roundtrip!
Earn unlimited 3 miles for every $1 spent on eligible Alaska Airlines purchases and unlimited 1 mile for every $1 spent on all other purchases
Enjoy 50% off day passes at the Alaska Lounge and 20% back on all Alaska Airlines inflight purchases when you pay with your card
With oneworld® Alliance we've expanded our global reach to over 1,000 destinations worldwide, bringing more airline partners and more ways to earn and redeem miles
Flexibility when booking with no blackout dates on Alaska Airlines flights and miles don't expire on active accounts
Plus, no international transaction fees and a low annual fee of $50 for the company and $25 per card
This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
BEST BANK OF AMERICA® BUSINESS CREDIT CARDS
Click the card name to read our review. Before applying, confirm details on the issuer’s website.
Our pick for: Travel rewards
This is the business version of the issuer's excellent no-annual-fee travel card. The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card pays solid rewards on every purchase and gives you wide flexibility in redeeming your points for any travel purchase, without the restrictions of branded airline and hotel cards. Read our review.
Our pick for: Flat-rate cash back
If your spending doesn't align with typical bonus categories, consider the Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card. This card offers 1.5x cash back on all purchases with no annual cap. Rewards can climb even higher for Bank of America® customers who qualify for the Preferred Rewards for Business tier — up to 2.62x — which is tough to beat among flat-rate cash-back business credit cards.
Our pick for: Bonus categories
The Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card gives entrepreneurs a little control over their credit card rewards by letting them choose which category earns the highest cash-back rate. Options include gas stations, office supplies, travel, computer services and more. There are also bonus rewards on dining and no annual fee. Read our review.
Our pick for: Airline miles
The Alaska Airlines Visa® Business card is well-suited for business owners who fly frequently on Alaska Airlines. You’ll receive ongoing rewards for spending with the airline, plus no foreign transaction fees. The card’s sign-up bonus, annual Companion Fare, free checked bag perk and other airline-specific discounts are also great travel benefits and help offset the already low annual fee — $50 for the company and $25 per card. Read our review.
Other business credit cards issued by Bank of America®
Bank of America® also offers the Platinum Plus® Mastercard® Business credit card, which has a competitive APR and a $0 annual fee. Like the other Bank of America® small-business credit cards, this card typically requires excellent credit to qualify; however, it does not earn any ongoing rewards.
If you have excellent credit, you’ll likely find alternatives that can offer greater benefits for your business.
Bank of America® business credit card benefits
In addition to the perks associated with each individual card, here are the benefits you’ll receive with all Bank of America® small-business credit cards:
Employee cards: Get cards for your employees and set individual spending limits.
Cash management tools: Download transactions into QuickBooks, make automatic payments and take advantage of other online services to manage your finances.
$0 liability guarantee: Zero liability for unauthorized transactions. Additional terms and conditions apply.
Chip cards: Insert your card or tap to pay where you see the contactless symbol.
Overdraft protection: Optional service to link your Bank of America® business checking account to prevent overdrafts, declined purchases or returned checks.
Paperless statement option: Opt for online statements instead of paper statements.
Online and mobile banking: Manage your account 24/7, no matter where you are.
Travel and emergency services: Access to a minimum of $100,000 in travel accident insurance, auto rental insurance, emergency ticket replacement and lost-luggage assistance associated with your card.
Alternatives to Bank of America® business credit cards
If you’re not an existing Bank of America® business customer or want to consider a small-business credit card with a longer 0% introductory APR or more flexible rewards, either of these alternatives could be a good fit.
Ink Business Unlimited® Credit Card
Best for: Intro APR and simple cash back
If you’re looking for a longer intro APR period than what the Bank of America® business credit cards offer, consider the Chase Ink Business Unlimited® Credit Card. This card offers a 0% intro APR on Purchases for 12 months, and then the ongoing APR of 13.24%-19.24% Variable APR.
This card is also a great option if you don’t qualify for the Preferred Rewards for Business tier, as it matches the unlimited 1.5% cash back of the Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card — with a more lucrative sign-up bonus for bigger spenders.
Capital One Spark Miles for Business
Best for: Flexible travel rewards
With the Capital One Spark Miles for Business you earn an unlimited 2x miles per dollar on every purchase with no blackouts or seat restrictions on travel. You can redeem your miles for flights, hotels and vacation packages, as well as transfer miles to a variety of Capital One’s travel partners.
This card also has a great sign-up bonus, includes a Global Entry or TSA Precheck credit and allows you to get free cards for your employees (which also earn an unlimited 2x miles per dollar).
Although the Capital One Spark Miles for Business has an annual fee ($0 intro for the first year, then $95), its simple rewards structure and flexible redemption might be a better travel option for you than the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card or Alaska Airlines Visa® Business card.
Last updated on January 20, 2022
Methodology
NerdWallet's Credit Cards team selects the best credit cards for small business based on overall consumer value, as evidenced by star ratings, as well as their suitability for specific kinds of small-business operators. Factors in our evaluation include annual and other fees, rewards rates, the earning structure (for example, flat-rate rewards versus bonus categories), redemption options, bonus offers for new cardholders, introductory and ongoing APRs, and other noteworthy features such as special financing arrangements, free cards for employees or tools for managing business expenses.
Frequently asked questions
You can check the status of your Bank of America® business credit card application online or by calling Bank of America directly at 866-422-8089.
Some small-business credit card applications can be processed within 24 hours, but generally, applications are completed within 10 to 12 business days. A Bank of America® representative will contact you by phone if they have questions about your application or you need to provide additional documentation.
No, Bank of America® does not have a secured business credit card. If you’re looking for a secured card to build your personal credit, however, Bank of America offers two options: BankAmericard® Secured and Bank of America® Customized Cash Rewards Secured.
Bank of America® does not report business credit card activity to the personal credit bureaus as long as your account is in good standing. This means you can’t use your Bank of America® business credit card to improve your personal credit, but you can damage your credit if you fail to make payments on time.
You’re ultimately responsible for any debt you accumulate on the card. A personal guarantee, the legal promise to repay your debt, is included within the terms and conditions of the Bank of America® business credit card application.
