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

 /  4 min
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Snapshot

3.9

Bankrate rating
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Rating: 3.9 stars out of 5
Bank of America® Business Advantage Travel Rewards World Mastercard® credit card

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

Recommended credit score:(740 - 850)

Intro offer

30,000 points

Rewards Rate

1.5X

Annual fee

$0

Regular APR

17.74% – 27.74% Variable APR on purchases and balance transfers

3.9

Bankrate score

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Bank of America Business Advantage Travel Rewards World Mastercard Overview

If you travel a lot for your business, the *Bank of America® Business Advantage Travel Rewards World Mastercard can help fund your company trips. With this Bank of America credit card for business, you receive rewards for your regular spending that you can redeem for things like travel or gift cards. Here’s our breakdown of everything you need to know.

What are the advantages and disadvantages?

Pros

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    Unlimited rewards with no annual fee

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    Easy-to-earn welcome offer

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    No foreign transaction fee

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    Lower APR than many competitor cards

Cons

  • No luxury business perks

  • Must redeem your points for travel to get the most value

  • Reward rates aren’t quite as high as the competition

A deeper look at the current card offer

Quick highlights

  • Rewards rate: An unlimited 3X points on travel booked through Bank of America Travel Center and 1.5X points on all other purchases
  • Welcome offer: Earn 30,000 bonus points after you make at least $3,000 in net purchases in the first 90 days of your account opening
  • Annual fee: $0
  • Purchase intro APR: 0% for 9 billing cycles for purchases for the first 9 billing cycles
  • Balance transfer intro APR: N/A
  • Regular APR: 17.74% – 27.74% Variable APR on purchases and balance transfers Variable APR

Current welcome offer

You’ll get 30,000  bonus points after you spend $3,000 in the opening 90 days of your account, worth a $300 statement credit you can use toward travel. If you’re already spending that kind of money in a three-month timespan, you might as well get rewarded for it.

Rewards rate

With the Business Advantage Travel Rewards World Mastercard, you’ll earn points on everything you buy. Plus, you can double the number of points—3X points you get every time you spend on travel purchases, like airlines, rental cars or hotels through the Bank of America Travel Center.

Earning rewards

You can earn twice as much on any travel purchases—3X points—and get a flat 1.5X the points on everything else. There’s no limit on how many points you can receive, either. Plus, if you become a Preferred Rewards for Business Platinum Honors tier member, you can get up to 75 percent more points on everything you buy. To qualify, you have to hold the card, have a Bank of America checking account and an average $20,000 balance over three months in your qualifying deposit accounts.

Redeeming rewards

To redeem points earned with the Business Advantage Travel Rewards World Mastercard, you have a few options, but using it for travel will get you the most value. You can get a statement credit to use toward travel or at the Bank of America Travel Center. Otherwise, you can get cash back or gift cards, but the points are worth less.

How much are points worth?

Based on calculations from the welcome offer, when you use your points toward travel, each point is worth around $0.01. However, when you use the points toward gift cards or cash back, they’re only worth $0.006, meaning 2,500 points equals $15.

Key cardholder perks

This Bank of America business credit card has several travel benefits and a few more general rewards. Typically, you have to pay $95 or more to get any business travel benefits, but this card is different.

No annual fee

You don’t have to pay an annual fee with this card. Many business credit cards have a waived annual fee for the first year, but they require you to pay the fee going forward. That’s not the case with this card.

Unlimited points

There’s no limit to how many points you can earn from travel or general spending with this card. For a no-annual-fee card, this unlimited point allowance is an especially enticing perk. Also, you have the opportunity to increase your points earnings by up to 75 percent if you become a Preferred Rewards for Business member.

Travel protections

When you use this card for travel, you’ll get several built-in benefits. You’ll have one million dollars of travel accident insurance, reimbursement for lost luggage and trip delays and coverage for trip cancellations.

No foreign transaction fees

This business credit card doesn’t charge foreign transaction fees, which is great for the international business traveler.

Rates and fees

First and foremost, there’s no annual fee with this card. You’ll also get a 0% for 9 billing cycles for purchases intro purchase APR for the first nine billing cycles, then a variable APR between 17.74% – 27.74% Variable APR on purchases and balance transfers. Plus, there are no foreign transaction fees, so you don’t have to pay extra to swipe your card overseas. You can also expect a welcome bonus of 30,000 points which can be redeemed for a $300 statement credit towards travel purchases if you spend at least $3,000 in the first 90 days, which is nothing to sneeze at—especially considering you won’t pay an annual fee.

Best cards to pair with the Business Advantage Travel Rewards World Mastercard Credit Card

You would do well to pair the Business Advantage Travel Rewards World Mastercard with a more flexible business cash back card that lets you earn cash back on your purchases more easily.

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

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

Annual fee

$0

Intro offer

30,000 points
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Rewards rate

1.5X
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Recommended Credit Score

Excellent (740 – 850)
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Image of Ink Business Preferred® Credit Card
Bankrate Score
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on Chase's secure site

Annual fee

$95

Intro offer

Earn 90,000 bonus points
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Rewards rate

1X - 3X
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Recommended Credit Score

Good to Excellent (670 – 850)
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Image of Capital One Spark Miles for Business

Annual fee

$0 intro for first year; $95 after that

Intro offer

50,000 miles
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Rewards rate

2 Miles - 5 Miles
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Recommended Credit Score

Good to Excellent (670 – 850)
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Bankrate’s Take—Is the Bank of America Business Advantage Travel Rewards World Mastercard worth it?

This card could be great for frequent business travelers who want to use their rewards on travel expenses, as you can get more out of the card when you redeem your points for travel.

Don’t expect luxury perks like airport lounge access when it comes to this card—those benefits are hard to come by unless you pay an annual fee. If you’re hoping for top-of-the-line perks from a travel credit card, or if you don’t travel much for business, you might want to look elsewhere.

*The information about Bank of America® Business Advantage Travel Rewards World Mastercard® credit card has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.

* See the online application for details about terms and conditions for these offers. Every reasonable effort has been made to maintain accurate information. However all credit card information is presented without warranty. After you click on the offer you desire you will be directed to the credit card issuer's web site where you can review the terms and conditions for your selected offer.

Editorial Disclosure: Opinions expressed here are the author's alone, and have not been reviewed or approved by any advertiser. The information, including card rates and fees, is accurate as of the publish date. All products or services are presented without warranty. Check the bank’s website for the most current information.