Bank of America Business Advantage Travel Rewards Review: Good No-Annual-Fee Option

This no-annual-fee card earns 1.5 points per dollar spent, and 3 points per dollar on travel purchases booked through the Bank of America® Travel Center. Those rates can climb higher if you're a Bank of America® Preferred Rewards for Business member.
Kimberly PalmerSep 24, 2021

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Our Take

4.6

NerdWallet rating 

The bottom line: This card is best for those who already bank with the issuer and qualify for a higher rewards rate, but its simple and versatile rewards also make it a good option for any business operator needing a no-annual-fee travel card.

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

on Bank of America's website

Annual fee

$0

Regular APR

12.24% - 22.24% Variable APR

Intro APR

0% intro APR on Purchases for 9 billing cycles

Recommended Credit Score

Quick Facts

Pros & Cons

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

Alternate Pick: High-end travel perks

The Business Platinum® Card from American Express OPEN Credit Card
NerdWallet rating 

The Business Platinum Card® from American Express

Lofty benefits, if you can stomach the fee

A no-annual-fee card isn't right for everyone. If you're always on the road, consider a card that will ease your travels. This card gives you 5 points per dollar spent on certain travel purchases, luxury perks like airport lounge access and valuable credits for travel costs. It offers big value, but there's also a big annual fee: $595.

Read our review

Compare to Other Cards

NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
Annual fee

$0

Annual fee

$95

Annual fee

$295

Regular APR

12.24% - 22.24% Variable APR

Regular APR

15.99% - 20.99% Variable APR

Regular APR

14.24% - 22.24% Variable APR

Rates & Fees

Intro APR

0% intro APR on Purchases for 9 billing cycles

Intro APR

N/A

Intro APR

N/A

Recommended Credit Score
Recommended Credit Score
Recommended Credit Score

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Full Review

For small-business owners who travel, the  is a good option, offering solid rewards for an annual fee of . And for those who keep a certain amount of money in eligible Bank of America® and Merrill business accounts, its rewards could be best in class.

The card gets you 1.5 points per dollar spent on all purchases and 3 points per dollar on travel purchases booked through the Bank of America® Travel Center. Points are worth 1 cent apiece when redeemed to cover travel purchases made on the card. And if you're enrolled in the issuer's Preferred Rewards for Business program — which you can qualify for if you keep enough money with the bank — you can earn up to 2.62 points per dollar spent, one of the highest base rewards rates you'll find on a -annual-fee card.

Card type: .

Annual fee: .

Sign-up bonus: .

Rewards: 

You can redeem your points for credit against travel purchases, travel booked through Bank of America® or cash rewards. Points are worth 1 cent each when redeemed for travel statement credit and 0.6 cent each when redeemed for cash back.

APR: .

Foreign transaction fees: None.

Other benefits: Preferred Rewards for Business members earn higher rewards rates.

The is more valuable if you keep at least $20,000 in combined balances in eligible Bank of America® and Merrill business accounts. At that point, you can qualify for the program. That gets you access to plenty of perks, including bonus rewards on this card.

The total rewards boost you'll get depends on which tier of the program you qualify for. At the Platinum Honors level — the highest tier — you can earn 75% more points on each purchase, for example. That adds up to 2.62 points for every dollar spent and 5.25 points for every dollar spent at the Bank of America® Travel Center. Gold tier members earn a 25% bonus and Platinum members earn a 50% bonus.

With this card, you can redeem points to pay for a wide variety of travel purchases made on the card, no matter which airline or hotel brand you book. Points are worth 1 cent apiece when redeemed this way. Because Bank of America® has a than other major issuers, you can also redeem rewards for plenty of travel expenses aside from airfare, hotel stays and car rentals. For example, you can use points to pay for renting an RV, staying at campgrounds, going on a cruise, or even visiting a circus or zoo.

If you’re looking to pay down business purchases over time, then this card's introductory APR offer could be beneficial. You'll get . Many small-business cards don't include such offers.

While the rewards rate on is solid, it's not top-of-the-line — unless you're a Preferred Rewards for Business member. Other cards offer higher rewards rates.

With , for example, you earn 2 Membership Rewards points per dollar spent on the first $50,000 of purchases a year (and 1 point per dollar afterward), and the annual fee is . Terms apply (see ). The card also has an introductory APR offer: . The card does have a foreign transaction fee, however, so international travelers will want to use a different card.

You can find a bigger sign-up bonus on other travel rewards cards, especially those with an annual fee. The , for example, comes with a rich sign-up bonus: . You earn 3 points per $1 on bonus categories such as travel and 1 point per $1 on all other purchases. For small-business owners whose spending matches up with the bonus categories, those points could build up quickly — and points are worth 1.25 cents apiece  when redeemed for travel through Chase Ultimate Rewards. The annual fee is .

If you want the flexibility of cash back, go with a different card. When you redeem for cash back on the , then points are worth just over half a cent each. Check out some top cash-back options on

Other small-business cards offer richer ongoing rewards and larger sign-up bonuses. But if you’re a small-business owner and traveler looking for a card that offers steady rewards with an annual fee of , then this card could be a good fit for you —  especially if you’re already a Preferred Rewards for Business member.

To view rates and fees of , see . To view rates and fees of , see .