Apply now
On Bank of America's secure site
Rewards rate
  • 3% 3% cash back in the category of your choice (on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter).
  • 2% 2% cash back on dining purchases (on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter).
  • 1% 1% unlimited cash back on all other purchases.
Intro offer
$300 
Annual fee
$0
Regular APR
15.24% - 25.24% Variable APR on purchases and balance transfers
Recommended credit
Excellent (740 - 850)
Apply now
On Bank of America's secure site
Rewards rate
  • 1.5% Earn unlimited 1.5% cash back on all purchases everywhere, every time.
Intro offer
$300 
Annual fee
$0
Regular APR
15.24% - 25.24% Variable APR on purchases and balance transfers
Recommended credit
Excellent (740 - 850)

*The information about the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card, Alaska Airlines Visa® Business credit card, Bank of America® Platinum Plus® Mastercard® Business card and Business Advantage Unlimited Cash Rewards Secured credit card have been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.

Compare Bankrate’s Top Bank of America business credit cards

Card name Rewards highlights Bankrate score
Bank of America Business Advantage Customized Cash Rewards Mastercard credit card 3% cash back in a category of your choice (on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter), 2% cash back on dining purchases (on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter) 3.5 / 5
Read full card review
Bank of America Business Advantage Unlimited Cash Rewards Mastercard credit card Unlimited 1.5% cash back on all purchases 4.1 / 5
Read full card review
Bank of America Business Advantage Travel Rewards World Mastercard credit card Unlimited 3X points on travel booked through Bank of America® Travel Center and 1.5X points on all other purchases 3.9 / 5
Read full card review
Alaska Airlines Visa Business credit card 3X miles on eligible Alaska Airlines purchases and 1X mile on all other purchases 3.6 / 5
Read full card review
Bank of America Platinum Plus Mastercard Business card N/A 3.2 / 5
Read full card review
Business Advantage Unlimited Cash Rewards Mastercard Secured credit card Unlimited 1.5% cash back on all purchases N/A

A closer look at our to Bank of America business credit cards

Bank of America Business Advantage Customized Cash Rewards Mastercard credit card: Best for choice of cash back category

  • What we love about the Bank of America Business Advantage Customized Cash Rewards card: The power to choose your highest earning category from the available categories gives cardholders the next level of control over their rewards-earning journey.
  • Who this card is good for: The credit go-getter who wants more direct control over how they’re earning.
  • Alternatives: If you’d like to cast a wider net on what purchases earn the most rewards, you may opt for a flat-rate rewards card like the Bank of America Business Advantage Unlimited Cash Rewards Mastercard credit card or the Capital One Spark Cash Plus. Keep in mind that although the Spark Cash Business earns one of the highest flat rewards rates and those rewards are unlimited, your earning power does come at a price of a $150 annual fee.

Learn more: Is the Business Advantage Customized Cash Rewards Mastercard worth it?
Read our full Bank of America Business Advantage Customized Cash Rewards Mastercard credit card review or jump back to offer details.

Bank of America Business Advantage Unlimited Cash Rewards Mastercard credit card: Best for Bank of America Loyalists

  • What we love about the Bank of America Business Advantage Unlimited Cash Rewards card: The rewards you earn with this card are truly unlimited: no spending caps and no expiration of rewards for the life of the account.
  • Who this card is good for: Bank of America loyalists who can qualify for the Bank of America Preferred Rewards program for Business. Eligible account holders could qualify for the highest cash back earning rates on the market.
  • Alternatives: The Ink Business Unlimited® Credit Card offers a similar rewards program while still skipping the annual fee. The Ink Business comes with a more valuable welcome offer and a slightly lower barrier of entry for application approval, as you only need good to excellent credit to apply compared to the Bank of America Business Advantage Unlimited’s recommendation of excellent credit to apply.

Read our full Bank of America Business Advantage Unlimited Cash Rewards Mastercard credit card review or jump back to offer details.

Bank of America Business Advantage Travel Rewards World Mastercard credit card: Best for travel purchases

  • What we love about the Bank of America Business Advantage Travel Rewards card: Its generous travel rewards when booking through Bank of America’s travel portal paired with an intro APR on purchases to buy time to cover early expenses without added interest.
  • Who this card is good for: Business travelers who spend the most on travel-related purchases and dining.
  • Alternatives: The Bank of America Business Advantage Customized Cash Rewards card lets you choose your top earning spending category from the available 6 categories instead of automatically assigning one like this travel rewards card. Your second-highest earning category is on dining purchases, but beware of caps on your combined spending in your top two categories.

Read our full Bank of America Business Advantage Travel Rewards World Mastercard credit card review or jump back to offer details.

Alaska Airlines Visa Business credit card: Best for Alaska Airlines flyers

  • What we love about the Alaska Airlines Visa Business credit card: The welcome bonus, which includes both bonus miles and a companion pass without spending excess money for eligibility.
  • Who this card is good for: Alaska Airlines loyalists who don’t spend much outside of this particular airline and who can take advantage of in-flight discounts and other specialized perks.
  • Alternatives: If you don’t want to be tied down to one particular airline, the Bank of America Business Advantage Travel Rewards card has a similar rewards structure without the designated airline attached, letting you reap your rewards wherever you fly most. You can also earn on other travel-related purchases outside of airfare.

Read our full Alaska Airlines Visa Business credit card review or jump back to offer details.

Bank of America Platinum Plus Mastercard Business card: Best for financing business purchases

  • What we love about the Bank of America Platinum Plus Mastercard Business card: The card’s intro APR offer on purchases allows for cardholders to save a bit on interest while financing business expenses.
  • Who this card is good for: Established business owners who aren’t set on earning rewards, but want an extra card to help with financing a few business needs.
  • Alternatives: This card’s biggest drawback is its lack of a rewards program. If you want a low-cost card with a competitive and flat cash back rate for the lowest maintenance, look into something like the Capital on Tap Business Credit Card. If you don’t mind putting a bit more work into an earning strategy for some higher returns, the Ink Business Cash® Credit Card has a tiered rewards program with highly competitive rates and still charges no annual fee.

Read our full Bank of America Platinum Plus Mastercard Business card review or jump back to offer details.

Business Advantage Unlimited Cash Rewards Mastercard Secured credit card: Best for building business credit

  • What we love about the Business Advantage Unlimited Cash Rewards Mastercard Secured credit card: This card is a secured business credit card that offers rewards, an interesting feature for a secured card option. Plus, your reward earnings are unlimited.
  • Who this card is good for: New business owners just getting their bearings on building credit for their businesses. The security deposit for this card is a bit steep, so be sure you’ve got all that you need to commit to this credit-building journey.
  • Alternatives: Though it’s not a business card, the Discover it® Secured Credit Card offers some of the best rewards rates for a secured credit card on the market. You’ll earn the most on gas and dining purchases, which can cover business travel and meals. You’ll also still earn a flat rate of rewards on all other purchases, which can cover a whole host of other business expenses. Just beware of the higher APR and the costliness of carrying a balance.

Jump back to offer details.

What are Bank of America Business credit cards?

Bank of America offers a lineup of credit cards for business owners. Similar to a personal credit card, these business credit cards give you a revolving line of credit you can use to make purchases. This level of flexibility can help ensure you have a source of funds to cover expenses. In general, you’ll need to pay these purchases off on time to avoid interest charges piling up and having a negative impact on your business credit score.

Bank of America business credit cards also come with generous incentives that help them compete with many of the top small-business credit cards. If you’re looking to earn rewards for your purchases, enjoy short-term benefits like a sign-up bonus or intro APR offer, or take advantage of features that make it easier to run your business, Bank of America has you covered.

Bank of America Business credit card benefits

No matter the card you choose, Bank of America provides a number of valuable business credit card perks to its small-business customers. Top features include:

  • CARD Act protections. Bank of America is one of the only major issuers to voluntarily provide its small-business credit cards all of the same protections guaranteed by the Credit CARD Act of 2009 to consumers of personal credit cards.
  • Employee cards. There is no limit to the number of additional cards you can request for authorized users, which makes it easier to set limits for each employee and track their usage. Bank of America’s no-annual-fee lineup of small-business credit cards charge no additional fees for employee cards, though the co-branded Alaska Airlines Business Credit Card does charge an annual fee of $25 for each additional card.
  • Accounting software. Your Bank of America Business card comes with cash flow management tools like QuickBooks, which can take a lot of the hassle out of managing your business finances.
  • Travel and emergency services. Small-business owners and their authorized users can enjoy a variety of travel protections that may include travel accident insurance, emergency ticket replacement, lost luggage assistance as well as legal and medical referrals.
  • Overdraft protection. Balance Connect® is an additional service that will automatically transfer funds from a Bank of America Business checking account to a credit card account to protect against overdraft.
  • No penalty APRs. Bank of America business cards won’t charge a default or penalty APR if you make a late payment or a payment that is returned unpaid due to insufficient funds.

Pros and cons of Bank of America business credit cards

Pros

  • Affordability: Most Bank of America business cards skip the annual fee while still offering fairly lucrative rewards rates.
  • Welcome offers: The welcome offers on Bank of America’s business cards are ample and usually fairly competitive.
  • Rewards: A majority of Bank of America business cards offer rewards and more often than not your earnings are unlimited. There are a few cards that do have spending caps, but these cap totals are high, which could be ideal for business expenses.

Cons

  • Foreign transaction fees: Unless the card is geared specifically toward travel, many  Bank of America business cards charge at least a 3 percent foreign transaction fee, which can prove costly if you need to make business purchases abroad.
  • Limited redemption options: Many of these business cards only let you redeem for statement credits or checks.
  • Short or no intro APR offers: If there is an intro APR offer with a Bank of America business card, it is likely much shorter than average at around seven to nine months compared to the more common 12 to 15 months on the low end of prevalent offers.
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Bankrate insight
You could boost your reward earnings up to 75 percent if you qualify for the Bank of America’s Preferred Rewards for Business program with an eligible business card.

How does Preferred Rewards for Business work?

The Bank of America Preferred Rewards for Business lets small-business owners maximize their earnings based on how much money they keep in their accounts. Bank of America customers with a qualifying business checking account and at least $20,000 in a qualifying Bank of America Business deposit account or Merrill® business investment account can unlock greater benefits and rewards on top of the perks found with your eligible business card.

The program has three tiers: Gold, Platinum and Platinum Honors. Each tier comes with a number of banking, investment and credit card perks, including cash back on eligible payroll service fees, select fee waivers, and interest rate discounts on future Business Advantage lines of credit.

Rewards bonus

Preferred Rewards for Business members also receive bonus rewards when using their eligible cards, which include the Business Advantage Unlimited Cash Rewards, Business Advantage Customized Cash Rewards and the Business Advantage Travel Rewards World Mastercard. Here’s a look at what it takes to reach each tier and the rewards boost:

Preferred rewards tier Gold Platinum Platinum honors
Minimum balance* $20,000 to $49,999 $50,000 to $99,999 $100,000 and up
Bonus rewards 25% rewards boost 50% rewards boost 75% rewards boost

*Based on a three-month combined average daily balance in qualifying Bank of America business deposit accounts and/or Merrill® business investment accounts

This boost in rewards alone could be worth hundreds of dollars on top of what you’d already earn just from using a Bank of America Business rewards card. Here’s a look at the enhanced rewards rates each tier earns:

Eligible Bank of America Business card Rewards rate Gold 25% bonus rewards Platinum 50% bonus rewards Platinum Honors 75% bonus rewards
Business Advantage Unlimited Cash Rewards Unlimited 1.5% cash back on all purchases 1.87% 2.25% 2.62%
Business Advantage Customized Cash Rewards 3% in eligible category of choice*

2% in dining*

1% in other eligible purchases

3.75%

2.50%

1.25%

4.5%

3.0%

1.5%

5.25%

3.50%

1.75%

Business Advantage Travel Rewards World Mastercard 3 points for travel

1.5 points for other eligible purchases

3.75 points

1.87 points

4.5 points

2.25 points

5.25 points

2.62 points

*Earn 3 percent and 2 percent cash back on the first $50,000 in combined category/dining purchases each calendar year, followed by 1 percent.

The rewards boost kicks in the month after you qualify for the tier based on a combined three-month average daily balance. If your account balance falls below the minimum tier requirement, you won’t immediately drop out of the tier. You remain at that level until your annual account review, which occurs the month after your anniversary date. If the review finds you lack sufficient funds, you’ll have three months from your anniversary date to restore your qualifying balance.

Who should get a Bank of America business credit card

Businesses loyal to Bank of America

One of the best things Bank of America offers is the Preferred Rewards program. If you’re a business owner and Bank of America loyalist with eligible accounts, you have the potential to boost your rewards rate by up to 75 percent. If you have both business accounts and personal accounts with Bank of America, you could be in good shape to hit the required balances across accounts to qualify.

Small-business owners

Some of the more rewarding Bank of America business credit cards have spending caps on their highest earning categories. If you’re a business owner with a smaller budget or less expenses overall, you could easily get a lot out of these kinds of credit cards without having to worry about hitting spending caps that could hamper your earning potential.

Decisive entrepreneurs

These business owners know where they spend the most and may want the power to choose which of their spending categories earns the highest rewards rate. The ideal card for this kind of forward-focused entrepreneur would be the Bank of America Business Advantage Customized Cash Rewards Mastercard credit card, which lets cardholders choose their highest earning rewards category.

Still unsure if a Bank of America business credit card is right for you? Check out our Credit Card Spender Type Tool where you can get personalized credit card recommendations based on your credit score, spending habits and daily needs.

How to choose the best Bank of America business card

  • Where do you spend the most for your business? Bank of America business cards offer competitive flat-rate options that cover a wide array of purchases or tiered and customizable reward options for you to tailor your earnings to your top spending categories. Decide where you think you’ll spend most for your business and pick a card that will give you the best bang for your buck.
  • Do you value rewards or financing for larger business expenses? Most Bank of America business cards offer rewards, but not all. Some offer no rewards but do have an intro APR offer on purchases, which could save you money on interest for the intro APR offer period. A few cards offer both rewards and an intro APR on purchases. Know what is most valuable to you, earning rewards or saving on interest, and pick a card that aligns with your needs.
  • Can you qualify for Preferred Rewards? Qualifying for Bank of America’s Preferred Rewards program can boost your reward earning rates to some of the highest available on the market if your account balances qualify.
  • How often do you intend to make purchases abroad? Unless the card is specifically marketed as a travel or travel-adjacent card, odds are that your Bank of America business card may charge at least a 3 percent foreign transaction fee. If you travel frequently for your business or your expenses require a lot of foreign transactions, consider picking a travel business card that does not charge a foreign transaction fee and save yourself a few dollars.

How we chose our best Bank of America business cards

We use a methodology that takes into consideration key factors in order to generate a Bankrate Score. For the best Bank of America business cards, we looked at rewards, affordability, fees, and more to determine the top cards in this category.

Rewards rates

We chose Bank of America business cards that could earn highly across many kinds of business expenses. We aimed to include flat-rate rewards cards and bonus category rewards cards to showcase a variety of rates and earning potential.

Affordability

Since many business credit cards come with annual fees, we chose Bank of America business credit cards that have low or no annual fees to aid in cutting some of the extra costs associated with running a successful business.

Intro offers

An extra windfall of rewards to offset some business expenses is always a plus, so we picked Bank of America business cards with intro offers that were easy to access with reasonable spending requirements and a decent spend-to-earn ratio.

Earning flexibility

One of the best features of a few Bank of America cards in general is the ability to choose your highest earning spending categories. We wanted to highlight one such card here to note the benefits of having the choice to tailor your spending to earn maximum rewards.

Frequently asked questions about Bank of America business credit cards

about the author
As a Bankrate credit cards editor, Ashley Parks is fascinated by the ways people can make credit cards work for them when armed with the right knowledge.
about the editor
Courtney Mihocik is an editor at Bankrate Credit Cards and CreditCards.com specializing in credit card news and personal finance advice. Previously, she led insurance content at Reviews.com and worked as the loans editor at The Simple Dollar.

* 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.