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

Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
This card is not available through ValuePenguin.
Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
This card is not available through ValuePenguin.

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

Editor's Rating: 4.0/5.0
{"onCurrent":true,"message":"Our team rates credit cards objectively based on independent research, the features the credit card offers users, and how it compares with other available cards in its category. The ratings are the opinion of our editors, and are not influenced by any outside factors, including any compensation the site may receive from certain advertisers."}

Editor's Rating

{"onCurrent":true,"message":"Our team rates credit cards objectively based on independent research, the features the credit card offers users, and how it compares with other available cards in its category. The ratings are the opinion of our editors, and are not influenced by any outside factors, including any compensation the site may receive from certain advertisers."}

4.0/5.0

Editorial Note: The editorial content on this page is not provided or commissioned by any financial institution. Any opinions, analyses, reviews, statements or recommendations expressed in this article are those of the author's alone, and may not have been reviewed, approved or otherwise endorsed by any of these entities prior to publication. This site may be compensated through a credit card partnership.

The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card is an excellent travel card, offering a solid 3X points per dollar spent through the Bank of America Travel Center and a fair 1.5X points per dollar on all other purchases as well. However, what makes these point values even more impressive is the fact that this card has absolutely no annual fee. Despite not having an annual fee, the point system rivals those of luxury travel cards and other general rewards cards.

Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
This card is not available through ValuePenguin.
Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
This card is not available through ValuePenguin.

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

Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
This card is not available through ValuePenguin.
Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
This card is not available through ValuePenguin.
Earn 25,000 bonus points when you make at least $1,000 in net purchases in the first 60 days of your account opening which can be redeemed for a $250 statement credit towards travel purchases
  • Earn unlimited 1.5 points for every $1 spent on all purchases everywhere, every time-no matter how much you spend. Points don't expire.
  • Earn 25,000 bonus points when you make at least $1,000 in net purchases within 60 days of your account opening which can be redeemed for a $250 statement credit towards travel purchases.
  • Earn 3 points per every dollar spent on travel purchases (car, hotel, airline) booked through the Bank of America® Travel Center - powered by Expedia®.
  • No annual fee and no international transaction fees.
  • 0% Introductory APR on purchases for your first 9 billing cycles.
  • Redeem points for travel with no blackout dates, cash back or gift cards.
  • Get a 75% rewards bonus on the base earn of every purchase you make when you’re a Business Advantage Relationship Rewards Platinum Honors tier client. That means you will earn 2.62 points for every $1 you spend and 4.12 points per every $1 you spend at the Bank of America® Travel Center.
  • Earn unlimited 1.5 points for every $1 spent on all purchases everywhere, every time-no matter how much you spend. Points don't expire.
  • Earn 25,000 bonus points when you make at least $1,000 in net purchases within 60 days of your account opening which can be redeemed for a $250 statement credit towards travel purchases.
  • Earn 3 points per every dollar spent on travel purchases (car, hotel, airline) booked through the Bank of America® Travel Center - powered by Expedia®.
  • No annual fee and no international transaction fees.
  • 0% Introductory APR on purchases for your first 9 billing cycles.
  • Redeem points for travel with no blackout dates, cash back or gift cards.
  • Get a 75% rewards bonus on the base earn of every purchase you make when you’re a Business Advantage Relationship Rewards Platinum Honors tier client. That means you will earn 2.62 points for every $1 you spend and 4.12 points per every $1 you spend at the Bank of America® Travel Center.
Annual Fee
$0.00
APR
13.49% - 23.49% Variable APR on purchases
Credit Needed
{"onCurrent":true,"message":"There are various types of credit scores. Each creditor uses a variety of different types of credit scores to make lending decisions."}
Excellent
Editor's Rating
{"onCurrent":true,"message":"Our team rates credit cards objectively based on independent research, the features the credit card offers users, and how it compares with other available cards in its category. The ratings are the opinion of our editors, and are not influenced by any outside factors, including any compensation the site may receive from certain advertisers."}

Looking at the Numbers

The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card serves the role of a travel card excellently. You will be able to earn 3 points per every dollar spent on travel purchases (car, hotel or airline) booked through the Bank of America Travel Center. Beyond this, you will receive unlimited 1.5 points for every dollar spent on all other purchases. Therefore, not only will it serve as a great travel card, but it will also function as a solid all-around rewards card given its consistent points rate across all categories. There is also neither an annual fee nor any foreign transaction fees associated with the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card.

The card also provides you with the opportunity to earn a considerable bonus if you meet the qualifications. Fortunately, the conditions for the bonus are very easy to achieve. If you spend at least $1,000 in net purchases in the first 60 days of opening the account, you will be rewarded with 25,000 points. We believe that most businesses, large and small, will be able to achieve this minimum with relative ease. These bonus points can then be redeemed for a $250 statement credit going toward travel purchases, therefore returning 25% of the money that was spent to achieve the bonus.

Business Advantage Relationship Rewards

The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card has a unique feature that members can enroll in called the Business Advantage Relationship Rewards program. This program consists of three different tiers: Gold, Platinum and Platinum Honors. Your placement into a tier is dependent on your three-month average combined balances in your qualifying Bank of America business deposit and/or your Merrill Edge or Merrill Lynch business investment accounts.

The greatest takeaway is higher tiers result in more rewards points. If your businesses qualifies for Platinum Honors, they will receive a 75% Rewards Bonus on the base earn for eligible business credit cards. In other words, businesses have the potential to earn 2.62 points, from a base of 1.5 points, on all purchases outside of travel. If the previous rewards points were great, then these new values using the Business Advantage Relationship are excellent, rivaling even some of the higher-end luxury business travel cards.

These rewards points can then be redeemed for a variety of benefits. The points can be redeemed for statement credit to pay for flights, hotels, vacation packages, cruises, rental cars or baggage fees. In addition, the points can also be exchanged for gift cards or simply cash back. The flexibility of rewards, in conjunction with the high points-per-dollar rate when paying for travel expenses or in general when you are a Platinum Honors member, will provide great returns to cardmembers.

Our Verdict on the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card

If you need a travel rewards card for a small or midsize business, the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card is a very strong choice. The only downside to the card is its requirement of excellent credit, but that is also a necessary requirement to apply for almost any business travel rewards card. The only other shortcoming is that some of the card’s competitors offer better rewards rates, but those same cards also demand large annual fees, so many of the advantages to a higher rewards rate is mitigated.

We strongly recommend that most small to midsize businesses should apply for this card if it fits their needs of a high rewards yet low cost business travel card.

Alternatives to the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card:

Although the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card occupies a unique niche within the market, there are still alternatives that may be an even better fit for the specific needs of your business. Compare the strengths of the following cards to your needs, and determine for yourself which will help your business the most:

A Better Card for Luxury

On American Express' Secure Website

The Platinum Card® from American Express

On American Express' Secure Website
Earn 60,000 points after you spend $5,000 on purchases on your new card in your first 3 months
  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • Enjoy Uber VIP status and free rides in the U.S. up to $15 each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings.
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5X Membership Rewards points on prepaid hotels booked on amextravel.com.
  • Enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
  • $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. Enrollment required.
  • $550 annual fee.
  • Terms Apply.
  • See Rates & Fees
  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • Enjoy Uber VIP status and free rides in the U.S. up to $15 each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings.
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5X Membership Rewards points on prepaid hotels booked on amextravel.com.
  • Enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
  • $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. Enrollment required.
  • $550 annual fee.
  • Terms Apply.
  • See Rates & Fees
Annual Fee
$550
*Rates and Fees
APR
N/A
Credit Needed
{"onCurrent":true,"message":"There are various types of credit scores. Each creditor uses a variety of different types of credit scores to make lending decisions."}
Excellent/Good
Editor's Rating
{"onCurrent":true,"message":"Our team rates credit cards objectively based on independent research, the features the credit card offers users, and how it compares with other available cards in its category. The ratings are the opinion of our editors, and are not influenced by any outside factors, including any compensation the site may receive from certain advertisers."}

The Platinum Card® from American Express has an extraordinarily high annual fee of $550 (See Rates & Fees), which translates into an entirely different range of benefits and rewards. You will be able to potentially earn 5X Membership Rewards points on prepaid hotels booked on amextravel.com — one of the highest rewards rates across any card.

In addition, there are many complimentary benefits from simply owning the card that are exclusive to The Platinum Card® from American Express. There is an up to $200 airline fee credit per calendar year. You can also earn up to $200 in annual savings by using the Uber app with this card.

However, what may be the most appealing benefit for most people who choose to apply for this card is access to the Global Lounge Collection. This means you will be able to enjoy some of the greatest luxury travel amenities accessible, including entrance to the Centurion lounges and Priority Pass Select lounges. If you desire a luxury traveling experience, The Platinum Card® from American Express is irreplaceable.

For rates and fees of The Platinum Card® from American Express, please click here.

One of the Best Cash Back Cards

Bank of America® Business Advantage Cash Rewards Mastercard® credit card
This card is not available through ValuePenguin.
Bank of America® Business Advantage Cash Rewards Mastercard® credit card
This card is not available through ValuePenguin.

Bank of America® Business Advantage Cash Rewards Mastercard® credit card

Bank of America® Business Advantage Cash Rewards Mastercard® credit card
This card is not available through ValuePenguin.
Bank of America® Business Advantage Cash Rewards Mastercard® credit card
This card is not available through ValuePenguin.
Get a $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening
  • Get a $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening – with no annual fee, no cap on the amount of cash rewards you can earn and they don't expire.
  • Earn 3% cash back on your choice of one of the following six categories: gas stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services, 2% cash back on dining (for the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter) and 1% cash back on all other purchases.
  • 0% Introductory APR on purchases for your first 9 billing cycles.
  • Redeem your cash rewards as a statement credit, check, or have cash deposited into a Bank of America® checking or savings account.
  • Get a 75% rewards bonus on every purchase when you’re a Business Advantage Relationship Rewards Platinum Honors tier client. That means you will earn 5.25% on your selected choice category, 3.5% on dining and unlimited 1.75% cash back on all other purchases.
  • Get a $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening – with no annual fee, no cap on the amount of cash rewards you can earn and they don't expire.
  • Earn 3% cash back on your choice of one of the following six categories: gas stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services, 2% cash back on dining (for the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter) and 1% cash back on all other purchases.
  • 0% Introductory APR on purchases for your first 9 billing cycles.
  • Redeem your cash rewards as a statement credit, check, or have cash deposited into a Bank of America® checking or savings account.
  • Get a 75% rewards bonus on every purchase when you’re a Business Advantage Relationship Rewards Platinum Honors tier client. That means you will earn 5.25% on your selected choice category, 3.5% on dining and unlimited 1.75% cash back on all other purchases.
Annual Fee
$0.00
APR
14.49% - 24.49% Variable APR on purchases
Credit Needed
{"onCurrent":true,"message":"There are various types of credit scores. Each creditor uses a variety of different types of credit scores to make lending decisions."}
Excellent
Editor's Rating
{"onCurrent":true,"message":"Our team rates credit cards objectively based on independent research, the features the credit card offers users, and how it compares with other available cards in its category. The ratings are the opinion of our editors, and are not influenced by any outside factors, including any compensation the site may receive from certain advertisers."}

The Bank of America® Business Advantage Cash Rewards Mastercard® credit card is one of the premier business cash back cards available as it lets users earn 3% cash back in one of the following six categories: gas stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services, 2% cash back on dining (for the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter) and 1% cash back on all other purchases.

Even better, the card has a sign-up bonus in the form of a $300 statement credit. In order to get the bonus, businesses will have to spend $3,000 in net purchases within the first 90 days of account opening. Relative to other existing offers on the market, this sign-up bonus should be relatively easy to hit by most businesses.

Getting a High Number of Miles

On Capital One's Secure Website

Capital One® Spark® Miles Select for Business

On Capital One's Secure Website
One time bonus of 20,000 miles once you spend $3,000 in the first 3 months
  • Earn 1.5 miles per $1 on every purchase
  • Plus, a one-time bonus of 20,000 miles once you spend $3,000 on purchases within 3 months from account opening
  • Miles won't expire for the life of the account, and there are no categories to limit where or what you buy
  • Save on interest with 0% intro APR on purchases for 9 months; 15.24% - 23.24% variable APR after that
  • Pay no annual fee or foreign transaction fees
  • Get online Quarterly and Year-End Summaries
  • There's no limit to the amount of miles you can earn
  • Fly on any airline, anytime, with no blackout dates or seat restrictions

Note: The information in this box was provided by Capital One and is not part of our independent analysis.

  • Earn 1.5 miles per $1 on every purchase
  • Plus, a one-time bonus of 20,000 miles once you spend $3,000 on purchases within 3 months from account opening
  • Miles won't expire for the life of the account, and there are no categories to limit where or what you buy
  • Save on interest with 0% intro APR on purchases for 9 months; 15.24% - 23.24% variable APR after that
  • Pay no annual fee or foreign transaction fees
  • Get online Quarterly and Year-End Summaries
  • There's no limit to the amount of miles you can earn
  • Fly on any airline, anytime, with no blackout dates or seat restrictions
Annual Fee
$0
APR
15.24% - 23.24% (Variable)
Credit Needed
{"onCurrent":true,"message":"There are various types of credit scores. Each creditor uses a variety of different types of credit scores to make lending decisions."}
Excellent, Good
Editor's Rating
{"onCurrent":true,"message":"Our team rates credit cards objectively based on independent research, the features the credit card offers users, and how it compares with other available cards in its category. The ratings are the opinion of our editors, and are not influenced by any outside factors, including any compensation the site may receive from certain advertisers."}

The Capital One® Spark® Miles Select for Business is tailored for small businesses to capitalize on their travel expenses and maximize rewards. It is also worth noting that the Capital One® Spark® Miles Select for Business likewise demands no annual fee whatsoever. Using this card, your business will earn 1.5 miles per every dollar spent on any purchase.

However, the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card offers a stronger rewards rate. You will be able to earn 3X points on travel booked through the Bank of America Travel Center and 1.5X points on all other costs (if you are a member of the Business Advantage Relationship Rewards, then this number will be even greater). Ultimately, this means that while both cards may have no annual fees, the Capital One® Spark® Miles Select for Business is generally less rewarding than Bank of America's offering.

Final Thoughts

The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card is a strong choice for small to midsize businesses that want to capitalize on their travel expenses. The card offers a solid, one-time points bonus that we imagine would be easy to achieve. The rewards points rate is also great, and is further improved if you qualify for a higher tier membership in the Business Advantage Relationship Rewards program. The amount of value offered by this card at absolutely no annual fee is tremendous, and we would strongly recommend this card to you and your business if it fits your needs.

Comments and Questions

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Info about the following cards: American Express® Gold Card, Delta Reserve® Credit Card from American Express, Hilton Honors Surpass® Credit Card, American Express® Blue Sky, American Express® Green Card, The Amex EveryDay® Preferred Credit Card from American Express, The Plenti® Credit Card from Amex, Blue from American Express®, Platinum Card® from American Express Exclusively for Mercedes-Benz, Bluebird, Centurion® Card from American Express, Hilton Honors American Express Aspire Card, and Starwood Preferred Guest® American Express Luxury Card has been collected independently by ValuePenguin. The issuer did not provide the details, nor is it responsible for their accuracy.

Advertiser Disclosure: The products that appear on this site may be from companies from which ValuePenguin receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). ValuePenguin does not include all financial institutions or all products offered available in the marketplace.

How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. The card awards 2 points on travel and dining and 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125).

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