Best Bank of America Business credit cards of March 2023

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 a say on where they earn most. 
• 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 Plus 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 since there’s 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.

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 six categories instead of automatically assigning one.

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 on interest while financing business expenses.
• Who this card is good for: Established business owners who aren’t set on earning rewards.
• 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.
• 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 steep at $1,000 minimum, so be sure you’ve got all that you need to commit to this credit-building strategy.
• 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, which can cover business travel and meals. Your flat-rate earnings on all other purchases can cover a whole host of other business expenses. Just beware of the higher APR and the costliness of carrying a balance.

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.

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.

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.

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:

*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:

*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.

They are, especially if you qualify for Preferred Rewards for Business. If you’re a Bank of America loyalist and use the issuer for your business, savings, checking and investment accounts, you may find it easier to have a qualifying balance that could score you boosted rewards rates. These rates are some of the highest on the market if you qualify. Many of Bank of America’s business cards also offer features that may be especially attractive to business owners, like a secured credit card for building business credit or letting you choose where you earn the most. For a business that’s big or small, a Bank of America card is worth a look.