Best Bank of America Business Credit Cards of 2021

Best Bank of America Business Credit Cards of 2021

Looking for a Bank of America business credit card? Here are our picks for the best Bank of America business credit cards based on needs, rewards style and spending patterns.

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Are you a small business owner looking for a solid business credit card with good benefits and low fees? A Bank of America credit card might make an excellent addition to your wallet.

Bank of America offers four business credit cards to suit a variety of small business types and needs. Bank of America's business card offerings consist of a cashback business credit card, a travel business credit card, a low-interest business credit card and an airline business credit card.

This simple line of business credit cards doesn’t cater to the luxury credit card market or brand new business owners building credit. Instead, Bank of America provides a happy medium of affordable cards with an array of competitive benefits with and extras for current business banking customers. Other Bank of America business credit card benefits include cash flow management tools and a low (or no) annual fee.

What is the best Bank of America business credit card? Our pick is the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card. This card also made our list of the best business credit cards for travel and is part of the Bank of America Travel Rewards program, known for its simplicity and good value.

Best Bank of America business credit cards 2021

Methodology

To make choosing the right card easier, we've looked at credit cards reviewed on ValuePenguin as well as cards on major issuer sites to compile a list of the best rewards credit cards available right now. Our recommendations are based on the additional value you can earn with the cards — including the rewards value, cost of ownership and value of benefits such as travel and purchase protections, lounge membership and airline companion passes. Our choices are not influenced by our advertisers. Learn more on how we calculate rewards.

{"backgroundColor":"butter","content":"\n\u003Cstrong\u003EMethodology\u003C\/strong\u003E\u003C\/p\u003E\n\n\u003Cp\u003ETo make choosing the right card easier, we've looked at credit cards reviewed on ValuePenguin as well as cards on major issuer sites to compile a list of the best rewards credit cards available right now. Our recommendations are based on the additional value you can earn with the cards \u2014 including the rewards value, cost of ownership and value of benefits such as travel and purchase protections, lounge membership and airline companion passes. Our choices are not influenced by our advertisers. Learn more on how we \u003Cspan\u003E\u003Ca class=\"ShortcodeLink--root ShortcodeLink--black\" title=\"calculate rewards\" href=\"https:\/\/www.valuepenguin.com\/credit-card-methodology\"\u003Ecalculate rewards\u003C\/a\u003E\u003C\/span\u003E.\n","padding":"double"}

Best Bank of America business credit card for cash back

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

$300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening.

Our thoughts

The Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card is a good choice for loyal Bank of America customers who have a Bank of America business checking account and don't want to pay an annual fee.

This card also is a natural fit for business owners who like to have control and flexibility in their rewards earning. That's because you can Earn 3% cash back in the category of your choice, 2% cash back on dining and unlimited 1% cash back on all other purchases. You'll get 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter. If you spend heavily in one of the available categories, this feature may really allow you to maximize your rewards.

The Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card also offers excellent value for business owners who already do business with Bank of America and qualify for the Preferred Rewards for Business program. You can get a 25%, 50% or 75% boost on your rewards earning on the card, based on the average balances in your Bank of America business deposit and Merrill Business investment accounts.

The card may not be a great choice for business owners who travel internationally, however, due to its foreign transaction fee.

  • Flexible rewards structure lets you earn 3% cash back in your choice of one of six bonus categories plus 2% back on dining
  • Ability to earn 25% to 75% extra rewards if you have a Bank of America business checking account and qualify for Preferred Rewards for Business
  • Intro APR of 0% for 9 billing cycles on purchases (then a 12.24% - 22.24% variable APR applies)
  • $0 annual fee
  • Bonus on 3% and 2% categories is capped at $50,000 in combined purchases
  • Welcome bonus is not very lucrative compared with other business credit cards
  • Rewards redemption options limited to bank account deposit, statement credit or check
  • 3% of the U.S. dollar amount of each transaction foreign transaction fee
{"backgroundColor":"white","content":"\u003C\/p\u003E\n\n\u003Ch3\u003EBank of America® Business Advantage Customized Cash Rewards Mastercard® credit card\u003C\/h3\u003E\n\n\u003Cp\u003E\u003Cdiv class=\"ShortcodePullquote--root\"\u003E\n \u003Cp class=\"ShortcodePullquote--text ShortcodePullquote--blue\"\u003E\n $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening.\n \u003C\/p\u003E\n\u003C\/div\u003E\u003C\/p\u003E\n\n\u003Ch3\u003EOur thoughts\u003C\/h3\u003E\n\n\u003Cp\u003EThe \u003Cspan\u003E\u003Ca class=\"ShortcodeLink--root ShortcodeLink--black\" title=\"Bank of America\u00ae Business Advantage Cash Rewards Mastercard\u00ae credit card Review\" href=\"https:\/\/www.valuepenguin.com\/bank-america-business-advantage-cash-rewards-credit-card-review\"\u003EBank of America® Business Advantage Customized Cash Rewards Mastercard® credit card\u003C\/a\u003E\u003C\/span\u003E is a good choice for loyal Bank of America customers who have a Bank of America business checking account and don't want to pay an annual fee.\u003C\/p\u003E\n\n\u003Cp\u003EThis card also is a natural fit for business owners who like to have control and flexibility in their rewards earning. That's because you can Earn 3% cash back in the category of your choice, 2% cash back on dining and unlimited 1% cash back on all other purchases. You'll get 3% and 2% cash back on the first $50,000 in combined choice category\/dining purchases each calendar year, 1% thereafter. If you spend heavily in one of the available categories, this feature may really allow you to maximize your rewards.\u003C\/p\u003E\n\n\u003Cp\u003EThe Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card also offers excellent value for business owners who already do business with Bank of America and qualify for the \u003Cspan\u003E\u003Ca class=\"ShortcodeLink--root ShortcodeLink--black\" title=\"Bank of America Preferred Rewards Program Guide: Maximizing Your Banking Relationship and Credit Card Spending\" href=\"https:\/\/www.valuepenguin.com\/bank-america-preferred-rewards-program\"\u003EPreferred Rewards for Business program\u003C\/a\u003E\u003C\/span\u003E. You can get a 25%, 50% or 75% boost on your rewards earning on the card, based on the average balances in your Bank of America business deposit and Merrill Business investment accounts.\u003C\/p\u003E\n\n\u003Cp\u003EThe card may not be a great choice for business owners who travel internationally, however, due to its foreign transaction fee.\u003C\/p\u003E\n\n\u003Cp\u003E\u003Cdiv class=\"ShortcodeToggle--root ShortcodeToggle--article \" id=\u003E\n \u003Cbutton class=\"ShortcodeToggle--toggle\" onclick=\"this.parentNode.classList.toggle('ShortcodeToggle--open');\"\u003E\u003Ch3 class=\"ShortcodeToggle--label\"\u003EBenefits\u003C\/h3\u003E\u003C\/button\u003E\n \u003Cdiv class=\"ShortcodeToggle--contents-wrapper\"\u003E\n \u003Cdiv class=\"ShortcodeToggle--contents\"\u003E\n \u003C\/p\u003E\n\n\u003Cp\u003E\u003Cdiv class=\"ShortcodeList--root \"\u003E\n\n \u003Cdiv class=\"ShortcodeList--content ShortcodeList--content-margin\"\u003E\n \u003Cdiv class=\"ShortcodeList--column\"\u003E\n \u003Cul class=\"ListUnordered--root ListUnordered--bullet\"\u003E\n \u003Cli class=\"ListUnordered--list-item\"\u003E\n Flexible rewards structure lets you earn 3% cash back in your choice of one of six bonus categories plus 2% back on dining\n \u003C\/li\u003E\n \u003Cli class=\"ListUnordered--list-item\"\u003E\n Ability to earn 25% to 75% extra rewards if you have a Bank of America business checking account and qualify for Preferred Rewards for Business\n \u003C\/li\u003E\n \u003Cli class=\"ListUnordered--list-item\"\u003E\n Intro APR of 0% for 9 billing cycles on purchases (then a 12.24% - 22.24% variable APR applies)\n \u003C\/li\u003E\n \u003Cli class=\"ListUnordered--list-item\"\u003E\n $0 annual fee\n \u003C\/li\u003E\n \u003C\/ul\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\n\u003C\/p\u003E\n\n\u003Cp\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\u003C\/p\u003E\n\n\u003Cp\u003E\u003Cdiv class=\"ShortcodeToggle--root ShortcodeToggle--article \" id=\u003E\n \u003Cbutton class=\"ShortcodeToggle--toggle\" onclick=\"this.parentNode.classList.toggle('ShortcodeToggle--open');\"\u003E\u003Ch3 class=\"ShortcodeToggle--label\"\u003EDrawbacks\u003C\/h3\u003E\u003C\/button\u003E\n \u003Cdiv class=\"ShortcodeToggle--contents-wrapper\"\u003E\n \u003Cdiv class=\"ShortcodeToggle--contents\"\u003E\n \u003C\/p\u003E\n\n\u003Cp\u003E\u003Cdiv class=\"ShortcodeList--root \"\u003E\n\n \u003Cdiv class=\"ShortcodeList--content ShortcodeList--content-margin\"\u003E\n \u003Cdiv class=\"ShortcodeList--column\"\u003E\n \u003Cul class=\"ListUnordered--root ListUnordered--bullet\"\u003E\n \u003Cli class=\"ListUnordered--list-item\"\u003E\n Bonus on 3% and 2% categories is capped at $50,000 in combined purchases\n \u003C\/li\u003E\n \u003Cli class=\"ListUnordered--list-item\"\u003E\n Welcome bonus is not very lucrative compared with other business credit cards\n \u003C\/li\u003E\n \u003Cli class=\"ListUnordered--list-item\"\u003E\n Rewards redemption options limited to bank account deposit, statement credit or check\n \u003C\/li\u003E\n \u003Cli class=\"ListUnordered--list-item\"\u003E\n 3% of the U.S. dollar amount of each transaction foreign transaction fee\n \u003C\/li\u003E\n \u003C\/ul\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\n\u003C\/p\u003E\n\n\u003Cp\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\u003C\/p\u003E\n\n\u003Cp\u003E","padding":"double"}

Best Bank of America business credit card for general travel

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

30,000 bonus points when you make at least $3,000 in net purchases within 90 days of your account opening which can be redeemed for a $300 statement credit towards travel or dining-related purchases

Our thoughts

The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card is a great choice for business owners who want to rack up rewards without paying an annual fee. It may be a good fit for cardholders who do some international travel but aren't frequent flyers. And while it doesn't offer a slew of fancy travel perks, the lack of a foreign transaction fee means business owners can rely on this card during trips out of the country.

This Bank of America® Business Advantage Travel Rewards World Mastercard® credit card also works well for business owners whose spending varies from month to month. The card offers the same rate on most purchases: 3 points for every $1 spent for travel booked through the Bank of America® Travel Center and 1.5 rewards points for every $1 on all purchases . The simple rewards structure means you don't have to think about bonus categories or grab different cards for different purchases.

This card also richly rewards current Bank of America and Merrill customers who keep the balances in their business checking or investment accounts high enough to qualify for Preferred Rewards for Business. These customers can really ramp up rewards and reap big benefits from this card.

  • Simple rewards structure offers the same rate on most purchases
  • You can earn up to 75% more rewards if you have a Bank of America business checking account and qualify for Preferred Rewards for Business
  • Foreign transaction fee: None
  • Intro APR of 0% for 9 billing cycles on purchases (then a 12.24% - 22.24% Variable APR on purchases applies)
  • $0 annual fee
  • Business owners who spend a lot on travel or dining and don't want to book through Bank of America Travel Center may earn more rewards with a different card
  • Less attractive welcome bonus than those offered by many other business cards
{"backgroundColor":"white","content":"\u003C\/p\u003E\n\n\u003Ch3\u003EBank of America\u00ae Business Advantage Travel Rewards World Mastercard\u00ae credit card\u003C\/h3\u003E\n\n\u003Cp\u003E\u003Cdiv class=\"ShortcodePullquote--root\"\u003E\n \u003Cp class=\"ShortcodePullquote--text ShortcodePullquote--blue\"\u003E\n 30,000 bonus points when you make at least $3,000 in net purchases within 90 days of your account opening which can be redeemed for a $300 statement credit towards travel or dining-related purchases\n \u003C\/p\u003E\n\u003C\/div\u003E\u003C\/p\u003E\n\n\u003Ch3\u003EOur thoughts\u003C\/h3\u003E\n\n\u003Cp\u003EThe \u003Cspan\u003E\u003Ca class=\"ShortcodeLink--root ShortcodeLink--black\" title=\"Bank of America\u00ae Business Advantage Travel Rewards World Mastercard\u00ae credit card Review\" href=\"https:\/\/www.valuepenguin.com\/bank-america-business-advantage-travel-rewards-credit-card\"\u003EBank of America\u00ae Business Advantage Travel Rewards World Mastercard\u00ae credit card\u003C\/a\u003E\u003C\/span\u003E is a great choice for business owners who want to rack up rewards without paying an annual fee. It may be a good fit for cardholders who do some international travel but aren't frequent flyers. And while it doesn't offer a slew of fancy travel perks, the lack of a \u003Cspan\u003E\u003Ca class=\"ShortcodeLink--root ShortcodeLink--black\" title=\"Foreign Transaction Fee: What is it? How does it work?\" href=\"https:\/\/www.valuepenguin.com\/credit-card-foreign-transaction-fees\"\u003Eforeign transaction fee\u003C\/a\u003E\u003C\/span\u003E means business owners can rely on this card during trips out of the country.\u003C\/p\u003E\n\n\u003Cp\u003EThis Bank of America\u00ae Business Advantage Travel Rewards World Mastercard\u00ae credit card also works well for business owners whose spending varies from month to month. The card offers the same rate on most purchases: 3 points for every $1 spent for travel booked through the Bank of America\u00ae Travel Center and 1.5 rewards points for every $1 on all purchases . The simple rewards structure means you don't have to think about bonus categories or grab different cards for different purchases.\u003C\/p\u003E\n\n\u003Cp\u003EThis card also richly rewards current Bank of America and Merrill customers who keep the balances in their business checking or investment accounts high enough to qualify for Preferred Rewards for Business. These customers can really ramp up rewards and reap big benefits from this card.\u003C\/p\u003E\n\n\u003Cp\u003E\u003Cdiv class=\"ShortcodeToggle--root ShortcodeToggle--article \" id=\u003E\n \u003Cbutton class=\"ShortcodeToggle--toggle\" onclick=\"this.parentNode.classList.toggle('ShortcodeToggle--open');\"\u003E\u003Ch3 class=\"ShortcodeToggle--label\"\u003EBenefits\u003C\/h3\u003E\u003C\/button\u003E\n \u003Cdiv class=\"ShortcodeToggle--contents-wrapper\"\u003E\n \u003Cdiv class=\"ShortcodeToggle--contents\"\u003E\n \u003C\/p\u003E\n\n\u003Cp\u003E\u003Cdiv class=\"ShortcodeList--root \"\u003E\n\n \u003Cdiv class=\"ShortcodeList--content ShortcodeList--content-margin\"\u003E\n \u003Cdiv class=\"ShortcodeList--column\"\u003E\n \u003Cul class=\"ListUnordered--root ListUnordered--bullet\"\u003E\n \u003Cli class=\"ListUnordered--list-item\"\u003E\n Simple rewards structure offers the same rate on most purchases\n \u003C\/li\u003E\n \u003Cli class=\"ListUnordered--list-item\"\u003E\n You can earn up to 75% more rewards if you have a Bank of America business checking account and qualify for Preferred Rewards for Business\n \u003C\/li\u003E\n \u003Cli class=\"ListUnordered--list-item\"\u003E\n Foreign transaction fee: None\n \u003C\/li\u003E\n \u003Cli class=\"ListUnordered--list-item\"\u003E\n Intro APR of 0% for 9 billing cycles on purchases (then a 12.24% - 22.24% Variable APR on purchases applies)\n \u003C\/li\u003E\n \u003Cli class=\"ListUnordered--list-item\"\u003E\n $0 annual fee\n \u003C\/li\u003E\n \u003C\/ul\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\n\u003C\/p\u003E\n\n\u003Cp\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\u003C\/p\u003E\n\n\u003Cp\u003E\u003Cdiv class=\"ShortcodeToggle--root ShortcodeToggle--article \" id=\u003E\n \u003Cbutton class=\"ShortcodeToggle--toggle\" onclick=\"this.parentNode.classList.toggle('ShortcodeToggle--open');\"\u003E\u003Ch3 class=\"ShortcodeToggle--label\"\u003EDrawbacks\u003C\/h3\u003E\u003C\/button\u003E\n \u003Cdiv class=\"ShortcodeToggle--contents-wrapper\"\u003E\n \u003Cdiv class=\"ShortcodeToggle--contents\"\u003E\n \u003C\/p\u003E\n\n\u003Cp\u003E\u003Cdiv class=\"ShortcodeList--root \"\u003E\n\n \u003Cdiv class=\"ShortcodeList--content ShortcodeList--content-margin\"\u003E\n \u003Cdiv class=\"ShortcodeList--column\"\u003E\n \u003Cul class=\"ListUnordered--root ListUnordered--bullet\"\u003E\n \u003Cli class=\"ListUnordered--list-item\"\u003E\n Business owners who spend a lot on travel or dining and don't want to book through Bank of America Travel Center may earn more rewards with a different card\n \u003C\/li\u003E\n \u003Cli class=\"ListUnordered--list-item\"\u003E\n Less attractive welcome bonus than those offered by many other business cards\n \u003C\/li\u003E\n \u003C\/ul\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\n\u003C\/p\u003E\n\n\u003Cp\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\u003C\/p\u003E\n\n\u003Cp\u003E","padding":"double"}

Best Bank of America business credit card with a low APR

Bank of America® Platinum Plus® Mastercard® Business card

$300 statement credit when you make at least $3,000 in net purchases within 60 days of your account opening.

Our thoughts

The Bank of America® Platinum Plus® Mastercard® Business card doesn't outshine many other business cards on the market, but it may be a good choice for business owners who don't want to pay an annual fee and need flexibility due to ebbs in cash flow.

Because this card offers a low APR, it can help business owners who need to avoid getting hit with high interest if they're unable to pay their credit card bill in full every month. It's also a good choice for business owners who want to finance a big purchase and may not be able to pay off the entire amount during the introductory period.

For small business owners who plan to use the card to finance a costly item, that initial big purchase may offer an easy way to meet the minimum spending requirement and put $300 in your pocket through the welcome bonus.

  • Low APR of 10.24% - 21.24% Variable APR makes this card a good option for business owners who can't always pay in full each month
  • Intro APR of 0% for 7 billing cycles on purchases (then a 10.24% - 21.24% Variable APR applies)
  • Using this low-interest card to finance a big purchase could be an easy way to earn the $300 sign-up bonus
  • $0 annual fee
  • Sign-up bonus lower than those offered by many other business credit cards
  • Lack of rewards means you won't earn cash back, points or miles for business spending on this card
  • The introductory period for purchases is a little on the short side, which means you’ll need to pay off purchases quickly to avoid interest
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Best Bank of America business credit card for airlines

Alaska Airlines Visa® Business credit card

40,000 bonus miles when you make at least $2,000 in purchases within the first 90 days of opening your account

Our thoughts

The Alaska Airlines Visa® Business credit card is a great option for business owners who are also Alaska Airlines frequent flyers.

The card offers unlimited 3 miles for every $1 spent on eligible Alaska Airlines purchases and unlimited 1 mile for every $1 spent on all other purchases.. It also includes several nice airline perks such as free checked bags for you and up to six companions and steeply discounted lounge passes.

One key perk of this card is its annual companion fare: a discount code that allows you to buy an annual companion fare for just $121 ($99 plus taxes and fees) when you purchase a full-fare domestic coach ticket. This companion fare and the other travel benefits can add significant value for those who fly Alaska Airlines often enough to reap the rewards.

The card does charge an annual fee, but it's modest compared with many other airline business credit cards, provided you carry only one card.

  • Offers a competitive welcome bonus with an Alaska Airlines Companion Fare offer to sweeten the deal
  • Airline perks including free checked bags and 50% off Alaska Lounge day passes
  • Miles redemption flexibility with no blackout dates on Alaska Airlines, plus option to redeem on partner airlines
  • You must be a frequent Alaska Airlines flyer to reap full benefits
  • Annual fee of $50 for the company and $25 per card
  • Lackluster rewards rate outside of Alaska Airlines purchases (only 1 mile per $1 spent)
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It also includes several nice airline perks such as free checked bags for you and up to six companions and steeply discounted lounge passes.\u003C\/p\u003E\n\n\u003Cp\u003EOne key perk of this card is its \u003Cspan\u003E\u003Ca class=\"ShortcodeLink--root ShortcodeLink--black\" title=\"The 15 Best Credit Cards with Companion Tickets\" href=\"https:\/\/www.valuepenguin.com\/travel\/best-credit-cards-with-companion-fare-tickets\"\u003Eannual companion fare\u003C\/a\u003E\u003C\/span\u003E: a discount code that allows you to buy an annual \u003Cspan\u003E\u003Ca class=\"ShortcodeLink--root ShortcodeLink--black\" title=\"The 15 Best Credit Cards with Companion Tickets\" href=\"https:\/\/www.valuepenguin.com\/travel\/best-credit-cards-with-companion-fare-tickets\"\u003Ecompanion fare\u003C\/a\u003E\u003C\/span\u003E for just $121 ($99 plus taxes and fees) when you purchase a full-fare domestic coach ticket. This companion fare and the other travel benefits can add significant value for those who fly \u003Cspan\u003E\u003Ca class=\"ShortcodeLink--root ShortcodeLink--black\" title=\"The Ultimate Guide to the Alaska Airlines Mileage Plan Program\" href=\"https:\/\/www.valuepenguin.com\/2019\/09\/ultimate-guide-alaska-airlines-mileage-plan-program-2019\"\u003EAlaska Airlines\u003C\/a\u003E\u003C\/span\u003E often enough to reap the rewards.\u003C\/p\u003E\n\n\u003Cp\u003EThe card does charge an annual fee, but it's modest compared with many other airline business credit cards, provided you carry only one card.\u003C\/p\u003E\n\n\u003Cp\u003E\u003Cdiv class=\"ShortcodeToggle--root ShortcodeToggle--article \" id=\u003E\n \u003Cbutton class=\"ShortcodeToggle--toggle\" onclick=\"this.parentNode.classList.toggle('ShortcodeToggle--open');\"\u003E\u003Ch3 class=\"ShortcodeToggle--label\"\u003EBenefits\u003C\/h3\u003E\u003C\/button\u003E\n \u003Cdiv class=\"ShortcodeToggle--contents-wrapper\"\u003E\n \u003Cdiv class=\"ShortcodeToggle--contents\"\u003E\n \u003C\/p\u003E\n\n\u003Cp\u003E\u003Cdiv class=\"ShortcodeList--root \"\u003E\n\n \u003Cdiv class=\"ShortcodeList--content ShortcodeList--content-margin\"\u003E\n \u003Cdiv class=\"ShortcodeList--column\"\u003E\n \u003Cul class=\"ListUnordered--root ListUnordered--bullet\"\u003E\n \u003Cli class=\"ListUnordered--list-item\"\u003E\n Offers a competitive welcome bonus with an Alaska Airlines Companion Fare offer to sweeten the deal\n \u003C\/li\u003E\n \u003Cli class=\"ListUnordered--list-item\"\u003E\n Airline perks including free checked bags and 50% off Alaska Lounge day passes\n \u003C\/li\u003E\n \u003Cli class=\"ListUnordered--list-item\"\u003E\n Miles redemption flexibility with no blackout dates on Alaska Airlines, plus option to redeem on partner airlines\n \u003C\/li\u003E\n \u003C\/ul\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\n\u003C\/p\u003E\n\n\u003Cp\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\u003C\/p\u003E\n\n\u003Cp\u003E\u003Cdiv class=\"ShortcodeToggle--root ShortcodeToggle--article \" id=\u003E\n \u003Cbutton class=\"ShortcodeToggle--toggle\" onclick=\"this.parentNode.classList.toggle('ShortcodeToggle--open');\"\u003E\u003Ch3 class=\"ShortcodeToggle--label\"\u003EDrawbacks\u003C\/h3\u003E\u003C\/button\u003E\n \u003Cdiv class=\"ShortcodeToggle--contents-wrapper\"\u003E\n \u003Cdiv class=\"ShortcodeToggle--contents\"\u003E\n \u003C\/p\u003E\n\n\u003Cp\u003E\u003Cdiv class=\"ShortcodeList--root \"\u003E\n\n \u003Cdiv class=\"ShortcodeList--content ShortcodeList--content-margin\"\u003E\n \u003Cdiv class=\"ShortcodeList--column\"\u003E\n \u003Cul class=\"ListUnordered--root ListUnordered--bullet\"\u003E\n \u003Cli class=\"ListUnordered--list-item\"\u003E\n You must be a frequent Alaska Airlines flyer to reap full benefits\n \u003C\/li\u003E\n \u003Cli class=\"ListUnordered--list-item\"\u003E\n Annual fee of $50 for the company and $25 per card\n \u003C\/li\u003E\n \u003Cli class=\"ListUnordered--list-item\"\u003E\n Lackluster rewards rate outside of Alaska Airlines purchases (only 1 mile per $1 spent)\n \u003C\/li\u003E\n \u003C\/ul\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\n\u003C\/p\u003E\n\n\u003Cp\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\u003C\/p\u003E\n\n\u003Cp\u003E","padding":"double"}

Bank of America business credit card benefits

Bank of America offers a good selection of business credit cards designed to appeal to a variety of small business owners. These additional Bank of America business credit card benefits may make a Bank of America business card a good choice for you.

Many Bank of America small business credit cards include a 0% introductory APR on purchases. This is an attractive perk for small businesses that need to finance a big purchase, like a computer or office furniture, while minimizing borrowing costs. The 0% introductory period on Bank of America business cards ranges from seven to nine billing cycles, depending on the card. While Bank of America isn't offering the longest introductory periods on the market, these offers may provide plenty of time for some small businesses to pay off a purchase with zero interest.

Bank of America offers two business credit cards with no foreign transaction fees. What are foreign transaction fees? These sneaky fees appear as a percentage that gets tacked onto every purchase made outside the United States. These fees, which typically range from 1% to 3% extra, may surprise unsuspecting travelers and add unnecessary costs to a business trip.

These Bank of America business credit cards come with no foreign transaction fee:

  • Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
  • Alaska Airlines Visa® Business credit card

The other two Bank of America business credit cards charge "international transaction fees" of 3%, which is a typical foreign transaction fee. It's smart to know which cards charge such a fee, so you can plan ahead and avoid using these cards on trips outside the country.

Bank of America credit cards also come with some handy cash flow management tools that can help business owners stay on top of their expenses.

You can set up automatic payments and transfers and download transactions into QuickBooks for easier bookkeeping. If you're a Bank of America business banking customer, you can also use QuickBooks with your Bank of America business checking, savings and money market accounts. As such, a Bank of America small business credit card may be a good option for existing customers looking for more seamless transactions and record keeping.

How to apply for a Bank of America business credit card

You can apply for a Bank of America business credit card online by choosing the card you want and clicking on the "apply now" button to fill out an application. Existing Bank of America customers have the time saving option to pre-fill an online application.

It’ll be faster and easier to apply if you start by gathering the business and personal information you'll need for your application. Here's what you need to apply for a Bank of America business credit card:

  • Information about the business: the legal name, date business was formed, tax ID, gross sales and net profit
  • Information about you: your name, date of birth, Social Security number (SSN), address and email
  • Information about owners: personal information (such as name, date of birth and SSN) for each beneficial owner and controlling manager for the company

Keep in mind that when you apply for a Bank of America small business credit card, you're making a personal guarantee to be responsible for the spending on the card — that’s true for most small business cards. That means late payments or default on the card may negatively affect your personal credit history. As such, it's a good idea to think it through and make sure you're willing to take responsibility for the charges before you apply.

All Bank of America business credit cards require excellent credit. Want to improve your odds of getting approved for a Bank of America small business credit card? Make sure to check your personal credit history and your credit score before you apply.

Excellent credit means having a score between 800 and 850 as a general rule. If your score is close but not quite there, there are some easy ways to improve your credit score before you apply. Our recommendation: Pay down your balances on other cards to decrease your credit utilization — one of the biggest factors in determining your score. You should also get in the habit of paying your bill on time, every time — that means making at least the minimum payment, though ideally you'd pay in full each month.

How to check your Bank of America business credit card application status

When you apply for a Bank of America small business credit card, it's possible that you could get an answer within 24 hours. However, the process may take as long as 10 to 12 business days, and you may get a phone call if there are additional questions about your application.

Here are two ways to get your Bank of America business credit card application status:

  • Check your Bank of America business card application status online: If you haven't received an answer yet, you can check the status of your Bank of America business credit card application on the Bank of America website.
  • Contact Bank of America to check your business card application: You can also contact Bank of America by phone or mail to request an update on the status of your small business card application.

Whether you check the status of your application or not, you will receive an answer from Bank of America by mail within 30 days.

The information related to Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card, Bank of America® Business Advantage Travel Rewards World Mastercard® credit card, Bank of America® Platinum Plus® Mastercard® Business card and Alaska Airlines Visa® Business credit card has been independently collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication.

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.

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).