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

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

Your options may be limited if you’re searching for a credit card that offers valuable travel rewards without requiring an annual fee. However, the Bank of America Business Advantage Travel Rewards World Mastercard is one of the few cards that meet these criteria. In addition to no annual fee, this card also provides a boosted rewards rate on general purchases. For frequent business travelers, the ability to use their rewards towards even more travel will surely be a significant perk of this credit card. If you’re looking for a valuable credit card that caters specifically to your business travel needs, the Bank of America Business Advantage Travel Rewards World Mastercard should be on your list of considerations. With its competitive rewards program and no annual fee, it’s a top choice for those seeking to maximize their travel savings while avoiding unnecessary costs. Explore this card’s benefits and see how it can enhance your business travel experiences today!

Quick Highlights

• Earn 30,000 online bonus points after spending $3,000 in the first 90 days of account opening.
• Use your bonus points for a $300 statement credit towards travel or dining purchases.
• Unlimited 1.5 points for every $1 spent and up to 2.62 points for every $1 spent with Preferred Rewards for Business Platinum Honors tier.
• Points earned only expire if your account is open.
• There are no annual fees and no international transaction fees.
• Flexible redemption options, including statement credit, travel bookings, cash back, or gift cards.
• Enjoy an introductory 0% purchase APR for the first nine billing cycles.
• After the intro APR offer ends, a variable APR of 18.49% to 28.49% will apply.
• Contactless cards for added security and convenience.
• Limited-time offer – take advantage of this by applying now without leaving this page or visiting our website.

Earning and Using Rewards with the Bank of America Business Advantage Travel Rewards World Mastercard Credit Card

This card offers a variety of ways to earn and redeem rewards for your business spending.

Earning Points

• Earn 1.5 points for every $1 spent on all purchases (unlimited).
• Earn an additional 1.5 points for every $1 spent when you book travel through the Bank of America Travel Center (for 3 points per $1).
• There are no limits on the number of points you can earn.
• Points never expire as long as your account remains open.

Redeeming Points

• Redeem points for travel, travel credits, cash rewards, or gift cards.
• Travel and travel credit redemptions start at 2,500 points.
• Gift card redemptions start at 3,500 points.

Travel Credits

• Redeem points for statement credits to offset travel and dining purchases from qualifying merchants.
• Points redeemed for travel credit are worth $0.01 each (2,500 points = $25).
• Travel credits can offset qualifying purchases made within the past 12 months (limited to the most recent 2,500 purchases).

Cash Rewards and Gift Cards

• Redeem points for cash deposited into your Bank of America® checking or savings account, a Merrill® investment account, or a check.
• Points redeemed for cash rewards are worth $0.006 each (2,500 points = $15).
• The redemption value for gift cards varies.

Benefits of Bank of America Business Advantage Travel Rewards World Mastercard Credit Card

As a business owner, having the right tools and resources is crucial for managing your finances effectively. With Bank of America’s Business Advantage Travel Rewards World Mastercard credit card, you can access various benefits that help streamline your cash flow management and provide peace of mind while traveling. Here are just a few of the perks you can enjoy with this credit card: 

• Bonus Offer: Earn 30,000 bonus points after spending $3,000 in the first 90 days (worth $300 in statement credit towards travel or dining).
• No Annual Fee and No Foreign Transaction Fees: Enjoy the card’s benefits without an annual fee and avoid foreign transaction fees when using your card abroad.
• 0% Introductory APR: 0% APR on purchases for the first nine billing cycles (variable APR applies after the introductory period).
• Zero Liability Protection: Enjoy peace of mind knowing you are protected against unauthorized transactions.
• Additional Protections: Get coverage for certain purchases against loss, damage, theft, or fire and extend warranty coverage.
• Balance Connect for Overdraft Protection: Link your credit card to a Bank of America business checking account to prevent declined purchases, returned checks, or other overdrafts.
• Fraud Monitoring: Our advanced fraud detection system monitors your account for abnormal patterns and alerts you if any suspicious activity is detected.
• Paperless Statement Option: Opt for paperless statements to increase account security and reduce paper consumption.

Additional Benefits

• Cash Flow Management Tools: The Business Advantage Travel Rewards World Mastercard offers online services, including automatic payments, transfers, and transaction downloads into QuickBooks. These tools can save you time and help you stay on top of your business finances.
• Online & Mobile Access: With 24/7 access to Online and Mobile Banking, you can easily manage your account anywhere and anytime. Keep track of your balance and easily monitor account activity for yourself and your employees.
• Travel and Emergency Services: As a cardholder, you will receive $1 million in travel accident insurance, lost luggage reimbursement, trip cancellation coverage, and trip delay reimbursement. These services offer valuable protection for both you and your business while traveling.
• Free Access to Business Credit Scores: Using Business Advantage 360, Bank of America’s Small Business Online Banking platform, you can view your Dun & Bradstreet business credit scores for free. This information is vital for understanding and improving your business creditworthiness.
• Redemption Flexibility: Redeem points for statement credits towards travel and dining, travel bookings through Bank of America Travel Center, cash back, or gift cards.

Why get the Business Advantage Travel Rewards Mastercard?

If you’re considering getting the Bank of America Business Advantage Travel Rewards Mastercard, here are some potential reasons why it might be a good fit for you:

• You often travel for business and want to earn rewards on those expenses without paying an annual fee.
• You want to earn higher bonuses on everyday business purchases.
• You value simplicity and prefer a straightforward rewards program.
• You prefer earning points rather than cash back. 

How to Make the Most of Your Business Advantage Travel Rewards Mastercard?

To get the most out of your Bank of America Business Advantage Travel Rewards Mastercard, here are some tips to follow:

• Use your card for most business and travel expenses to maximize your rewards earnings.
• Book your travel through Bank of America to earn a bonus of three points per dollar spent.
• Take advantage of the sign-up bonus by spending at least $3,000 on your card within the first 90 days.
• Increase your reward potential by giving free cards to employees and having them charge company expenses. 

Applying for the Bank of America Business Advantage Travel Rewards World Mastercard Credit Card

Eligibility Criteria

While Bank of America doesn’t publicly disclose exact eligibility requirements, they typically look for businesses that meet the following criteria:

• Legal Business Structure: The card is likely for established businesses with a legal structure such as an LLC, corporation, or partnership.
• Operating History: A track record of operating your business for some time may be beneficial.
• Creditworthiness: Having a good business credit history is essential for approval. Bank of America may consider a Dun & Bradstreet business credit score alongside other factors.
• Bank Relationship: Existing business banking relationships with Bank of America may improve your approval odds.

Application Process

The Bank of America Business Advantage Travel Rewards World Mastercard® Credit Card application can likely be found on the Bank of America website or by contacting a business banking representative. The application will likely ask for information about your business, including:

• Business name and legal structure
• Tax ID number
• Business address and phone number
• Number of employees
• Annual revenue
• Ownership information
• Personal information of the business owner(s) or authorized signatories

Approval Process

Once you submit your application, Bank of America will review your information and credit history to determine your eligibility. The approval process typically takes several business days. Bank of America may request additional documentation to verify your information.

Customer Service

• Helpline Number: (800) 892-3219
• Official Website:  Bank of America

Conclusion

The Bank of America Business Advantage Travel Rewards World Mastercard Credit Card offers a compelling option for business owners who travel frequently and prioritize rewards over cash back. With no annual fee, easy-to-earn rewards, and the potential for bonus points, this card can be a valuable tool for maximizing your return on business spending. However, it’s essential to consider your spending habits and travel needs. If you don’t book travel through Bank of America or don’t expect to earn the sign-up bonus, there might be other cards with better reward rates. Additionally, if you carry a balance, the high APR can quickly outweigh the benefits of the rewards program.

WhatCard Recommended Credit Cards

• Bank of America Travel Rewards credit card for Students Review
• Bank of America Unlimited Cash Rewards credit card for Students