Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
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Recommended Credit Score
Excellent
(740 - 850)
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financial product.
A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.
- Annual Fee:
- $0
- Purchase Intro APR:
- 0% for 9 billing cycles
- Regular APR:
- 12.24% to 22.24% Variable APR on purchases and balance transfers
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The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card review was last updated 2.10.2020.
The information about the 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.
Bank of America Business Advantage Travel Rewards World Mastercard: Details and benefits
If you want to capitalize on frequent business travel without paying an annual fee, this card is hard to beat. The catch is that you have to book through BoA’s Travel Center to earn high-rate rewards.
This particular Travel Rewards card offers 3 points per dollar when you book travel through the Bank of America Travel Center. That’s in addition to the 1.5 flat earning rate on all other purchases. And, if you are a Preferred Rewards for Business member, an additional 25 percent – 75 percent bonus can be had on the base earn of every purchase –– resulting in another 2.62 points per dollar at most.
Advantages
- There are no limits on earning points with this card
- The points you earn don’t expire
- You can travel internationally and make purchases with no foreign transaction fee
- This card carries a flat 1.5 percent earning rate on other business-related purchases
- You get a solid bonus offer of 30,000 points after spending $3,000 in the first 90 days
Disadvantages
- You are limited to booking travel through the Bank of America Travel center
- You are unable to transfer points to other travel loyalty programs
- Your credit score needs to be excellent to approve for this card (740 – 850)
Is the Bank of America Business Advantage Travel Rewards World Mastercard worth it for you?
If you spend thousands on travel every month and don’t need the flexibility to book through portals like Kayak, then yes.
The only potential drawbacks have to do with the lack of flexibility with the rewards program. For starters, the bulk of the rewards are contingent upon booking through Bank of America. It’s a bit limiting in that you can’t really search around for the best travel rates to take advantage of. Also, you’re unable to transfer points to other frequent flyer and hotel loyalty programs with this card.
Get the most value from the Bank of America Business Advantage Travel Rewards World Mastercard
Business travelers who are interested in the bottom line will love this card’s no-hassle rewards program and higher-than-average bonus. Booking your business travel through the Bank of America Travel Center is what earns you the 3 points per dollar value. So $10,000 spent in a month earns you $300 in points. Think of how much that can add up over months if all of your employees used this card for their expenses.
Not to leave the more modest spenders out – this card earns a flat rate on other purchases such as office supplies and shipping fees as well. While not providing as much bang for the buck as travel spending does, it’s a welcome 1.5x points for a card without an annual fee.
How much are the Bank of America Business Advantage Travel Rewards World Mastercard rewards worth?
The 30,000–point bonus offer that comes after spending $3,000 in the first 90 days is a nice welcome gift. With this card, those 30,000 bonus points are worth $300 in statement credits toward travel. That means you can use your points to offset any travel purchases, but at a $0.01 monetary value per point.
$0.01 is the highest value for BoA travel points when redeeming for travel credit.
How to redeem rewards
Bank of America cardholders redeem travel rewards through one of two options: WorldPoints Rewards or Travel Rewards.
While you can redeem points for gift cards and cash rewards, it’s clear that most of your value with this card is found through travel credit. In order to make a substantial dent in your business travel costs, it makes sense to take advantage of as many bonus point opportunities as possible to raise the monetary value.