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Bank of America Business Advantage Travel Rewards: Get More for Your Business Travel

July 2, 2018
Business Credit Cards, Credit Cards, Travel Credit Cards
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We adhere to strict standards of editorial integrity. Some of the products we feature are from our partners. Here’s how we make money.

Business travel can be expensive, and most business travel credit cards add to the expense with an annual fee. The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card, however, is a low-cost alternative with rewards that even some of the best business travel cards can’t match.

Bank of America® Business Advantage Travel Rewards World Mastercard® credit card: Benefits and basics

If you’re approved for the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card, you’ll get the chance to earn an easy sign-up bonus: Earn 25,000 bonus points when you make at least $1,000 in net purchases within 60 days of your account opening which can be redeemed for a $250 statement credit towards travel purchases. Let’s take a look at what makes this card worthy of consideration.

great travel rewards

For ongoing rewards, you’ll earn 1.5 WorldPoints per $1 spent. If you book your travel through the Bank of America® Travel Center, you’ll earn 3 points per $1 spent. The best you can get with other business cards that offer general travel rewards is usually 2 points per $1 spent. So if your business requires heavy travel, you’re likely to rack up rewards more quickly with this card.

introductory apr deal

If you’re planning on a one-time, big-ticket purchase or you expect your cash flow to be slow for a few months, the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card can help you with its introductory 0% APR period on purchases: 0% on Purchases for 9 billing cycles, and then the ongoing APR of 12.99% - 22.99% Variable APR.

no annual fee or foreign transaction fee

You should never have to pay a foreign transaction fee on a travel card, especially if your business requires a lot of overseas trips. This card doesn’t charge one. It also has an annual fee of $0, so you don’t have to worry about that, either.

Bank of America® Business Advantage Travel Rewards World Mastercard® credit card: Pitfalls and other possibilities

While the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card is a great choice if you spend a lot on travel, there are a couple of things to consider before making your decision:

a cash-back card provides more flexibility

Getting extra rewards for booking travel through the Bank of America® Travel Center is nice, but if you want to redeem your WorldPoints as cash, you’re not going to get as much value. Cash redemption starts at 2,500 points for $15, and 3,500 points earn a $25 gift card. If you redeem for travel, however, 2,500 points are worth $25 in travel.

The Capital One® Spark® Cash Select for Business, on the other hand, earns 1.5% cash back on every purchase. It doesn’t offer extra rewards for certain travel purchases like the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card. However, you can use your cash back for anything you want without worrying about getting a subpar redemption rate for it.

The card comes with a $0 annual fee and a decent sign-up bonus: Plus, a one-time $200 cash bonus once you spend $3,000 on purchases within 3 months from account opening. It also offers an annual percentage rate of 0% on Purchases for 9 months, and then the ongoing APR of 14.74% - 22.74% Variable APR. Like all Capital One cards, it doesn’t charge a foreign transaction fee.

travel rewards are better elsewhere

If your business spends enough to merit carrying a card with an annual fee, you’re more likely to get a bigger sign-up bonus and better ongoing rewards with the Capital One® Spark® Miles for Business. The card offers 2 miles per $1 spent on every purchase, plus a killer sign-up bonus: A one-time bonus of 50,000 miles once you spend $4,500 on purchases within 3 months from account opening.

The card has an annual fee of $0 for the first year, then $95. However, you’ll make up for the fee if you spend $4,750 annually. Any rewards you earn beyond that are gravy. Plus, you’ll pay no foreign transaction fee.

Is the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card right for you?

The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card is a decent option if you’re looking for a business credit card. It’s especially rewarding if you plan on spending a lot on travel. But for more flexibility and bigger rewards, you may be better off looking elsewhere.