BEST OF

Best Bank of America Business Credit Cards of April 2023

Jan 3, 2023

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Bank of America® offers multiple business credit cards that earn cash back or travel rewards, along with other perks, 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.

Bank of America® business credit cards generally require excellent personal credit scores (720+) to qualify. Other small-business credit cards accept applicants with FICO scores in the good range (690 to 719),

All of our selections for the best Bank of America business cards are chosen by our editorial team, which independently evaluates and rates cards based on fees, rewards rates and redemption options, among numerous other factors. Below, you’ll find our picks for the best Bank of America® business credit cards, as well as top alternatives to consider.

Note: Some of our selections can be applied for through NerdWallet, and some cannot. Below, you’ll find application links for the credit cards from our partners that are available through NerdWallet, followed by the full list of our picks.

Best Bank of America Business Credit Cards From Our Partners

Our pick for

Travel rewards

Apply now

on Bank of America's website

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

3.9

NerdWallet rating 
Apply now

on Bank of America's website

Annual fee

$0

Rewards rate

1.5x

Points

Intro offer

30,000

Points

Recommended Credit Score

Pros

  • No annual fee

  • New cardholder bonus offer

  • No reward caps

  • No foreign transaction fees

  • Intro APR period

Cons

  • Requires excellent credit

  • 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.

  • 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.

  • No limit to the amount of points you can earn and points don't expire.

  • You can 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.

  • No annual fee and no international transaction fees.

  • Choose how to redeem points - for a statement credit to offset travel and dining purchases, travel with no blackout dates at the Bank of America® Travel Center, for cash back or gift cards.

  • 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 16.74% to 26.74% 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.

Read full review

Our pick for

Flat-rate cash back

Apply now

on Bank of America's website

Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card

4.3

NerdWallet rating 
Apply now

on Bank of America's website

Annual fee

$0

Rewards rate

1.5%

Cashback

Intro offer

$300

Recommended Credit Score

Pros

  • No annual fee

  • New cardholder bonus offer

  • High cash back rate

  • Intro APR period

Cons

  • Has foreign transaction fee

  • Requires excellent credit

  • Get a $300 online 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 16.74% to 26.74% 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.

Read full review

Our pick for

Bonus categories

Apply now

on Bank of America's website

Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card

3.6

NerdWallet rating 
Apply now

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

  • Rotating bonus categories

  • Intro APR period

Cons

  • Requires excellent credit

  • Complicated rewards

  • Foreign transaction fee

  • Spending caps on bonus rewards

  • Best rewards limited to certain customers

  • Get a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.

  • Earn 3% cash back in the category of your choice: gas stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services, 2% cash back on dining purchases and 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.

  • 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 5.25% cash back in your selected choice category and up to 3.5% cash back 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.

  • No annual fee.

  • 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. Cash rewards don’t expire.

  • To change your choice category for future purchases, you must go to the Mobile Banking app or Business Advantage 360, our small business online banking. You can change it once each calendar month, or make no change and it stays the same.

  • 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 16.74% to 26.74% 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.

Read full review

Our pick for

Airline miles

Apply now

on Bank of America's website

Alaska Airlines Visa® Business card

4.5

NerdWallet rating 
Apply now

on Bank of America's website

Annual fee

$70 for the company and $25 per card

Rewards rate

1x-3x

Miles

Intro offer

70,000

Miles

Recommended Credit Score

Pros

  • Companion benefit

  • Free checked bag

Cons

  • Requires excellent credit

  • Has annual fee

  • Rewards have limited flexibility

  • Get 70,000 bonus miles plus Alaska's Famous Companion Fare™ from $122 ($99 fare plus taxes and fees from $23) with this offer. To qualify, make $4,000 or more in purchases within the first 90 days of opening your account.

  • Earn 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 $122 ($99 fare plus taxes and fees from $23) after spending $6,000 or more on purchases within the anniversary year. Valid on all Alaska Airlines flights booked on alaskaair.com.

  • Free checked bag for you and up to 6 guests on the same reservation, when you pay for your flight with your card – Now available for all Alaska cardholders when they book a reservation too! That’s a savings of $60 per person roundtrip!

  • Priority Boarding for all cardholders when paying for the flight with an Alaska Airlines Business card.

  • Earn unlimited 3 miles for every $1 spent on eligible Alaska Airlines purchases, unlimited 2 miles for every $1 spent on eligible gas, shipping and local transit including rideshare purchases and unlimited 1 mile for every $1 spent on all other purchases. And, your miles don't expire on active accounts.

  • Enjoy 20% back on Alaska Airlines inflight purchases when you pay with your card.

  • With oneworld® Alliance member airlines and our Global Partners, you can earn and redeem miles to over 1,000 destinations worldwide.

  • Flexibility with no blackout dates on Alaska Airlines flights when booking with miles or a companion fare.

  • Plus, no international transaction fees and a low annual fee of $70 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.

Read full review

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. Learn more and apply.

Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card

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 1.5% 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 2.62% — which is tough to beat among flat-rate cash-back business credit cards. Learn more and apply.

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. Learn more and apply.

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 — $70 for the company and $25 per card. Learn more and apply.

Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® Secured credit card

Our pick for: Secured business card

This card is rare on two fronts. First, it's a secured credit card that caters to businesses. Second, it earns 1.5% cash back rewards. The Business Advantage Unlimited Cash Rewards Mastercard® Secured card requires a security deposit of at least $1,000, and your available credit line will be equal to your deposit. Bank of America automatically reviews secured accounts and you can upgrade to an unsecured card if your credit history improves.

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 17.74%-23.74% 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. Earn an unlimited 5x miles on hotels and rental cars booked through Capital One 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 3, 2023

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. Learn more about how we rate business credit cards.

Frequently asked questions