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Bank of America® Business Advantage Travel Rewards World Mastercard® Credit Card Review


At a Glance
Bank Of America Business Advantage Travel Rewards World Mastercard Credit Card
4.2 / 5

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

  • Sign-Up Bonus: Earn 30,000 bonus points when you make at least $3,000 in eligible purchases during the first 90 days (redeemable for a $300 statement credit toward travel purchases)
  • Rewards: Unlimited 3 points per $1 spent on eligible travel purchases made through the Bank of America® Travel Center; unlimited 1.5 points per $1 spent on all other eligible purchases
  • Benefits: Optional overdraft protection service for Bank of America® deposit account clients; 75% more points for Preferred Rewards for Business Platinum Honors members
  • Intro APR: 0% APR on purchases for the first 9 billing cycles from account opening
  • Regular APR: 13.74% – 23.74% variable
  • Fees: No international transaction fee
  • Annual Fee: $0
  • Credit Needed: Excellent

Advertiser Disclosure: This post includes references to offers from our partners. We receive compensation when you click on links to those products. However, the opinions expressed here are ours alone and at no time has the editorial content been provided, reviewed, or approved by any issuer.

The Bank of America® Business Advantage Travel Rewards World Mastercard® Credit Card is a small business credit card designed for frequent travelers with modest budgets. Like other travel rewards credit cards, it favors spending on most travel purchases, including airfare, hotels, car rentals, and vacation packages. The catch, such as it is: Eligible travel purchases must be made through Bank of America®’s in-house travel portal.

That shouldn’t be a dealbreaker. There’s too much else to like about this card, from a decent (but not spectacular) sign-up bonus, to a nice rewards bonus for loyal business clients.

If you’re intrigued by the prospect of a no-annual-fee travel rewards card designed specifically for low-maintenance business travelers, keep reading.

Key Features

Sign-Up Bonus

As a new Bank of America® Business Advantage Travel Rewards World Mastercard® cardholder, you’re eligible to earn 30,000 bonus points when you spend at least $3,000 on eligible net purchases within the first 90 days of account opening. That’s worth $300 when redeemed for credits against eligible travel purchases.

Earning Travel Rewards

This card has a 2-tiered rewards program.

First, you’ll earn unlimited 3 points per $1 spent on eligible travel purchases made through the Bank of America® Travel Center. Eligible purchases include rental cars, hotels, airline purchases, and other select travel items.

All other eligible purchases earn unlimited 1.5 points per $1 spent. There’s no limit to the total number of points you can earn, and your points don’t expire as long as your account remains open and in good standing. The same goes for points accrued on any employee cards added to your account.

Redeeming Travel Rewards

The best way to redeem your accumulated rewards points is for statement credits against travel purchases made with your card. Virtually all travel purchases are eligible for redemption.

You can redeem for purchases made up to a year prior to the redemption date, subject to limitations, with no blackout dates or general restrictions. Points are worth $0.01 apiece when redeemed for travel credits. Points redeemed for cash back, gift cards, and other non-travel items may be worth less.

Preferred Rewards for Business Program

If you join the Preferred Rewards for Business program as a Platinum Honors member, you’ll earn 75% more points on all eligible spending. That’s 2.62 points per $1 spent on non-travel purchases and 4.12 per $1 spent at the Bank of America Travel Center. See the program’s terms and conditions for more details.

Introductory APR

Enjoy 0% APR on purchases for the first 9 billing cycles your account is open.

Regular APR

Following the end of the introductory promotion, the regular purchase APR is 13.74% to 23.74% variable, depending on your personal creditworthiness and prevailing interest rates. The balance transfer APR falls within the same range from the day you open your account.

Important Fees

This card has no annual fee or international transaction fees. Cash advances and balance transfers both cost the greater of $10 or 4%, with the exception of overdraft protection cash advances, which cost the greater of $10 or 3% (and require enrollment in the Bank of America® overdraft protection program to qualify for the lower fee).

Overdraft Protection Transfers for Bank of America® Deposit Accountholders

Business Advantage Travel Rewards Mastercard cardholders with Bank of America® deposit accounts can opt into the bank’s overdraft protection transfer program. After opting in, checking account transactions that would typically result in overdrafts instead trigger a cash advance on your Business Advantage Travel Rewards credit line, allowing the transaction to go through without resulting in a negative balance.

Cash advances occur in increments of $100 (for instance, a $150 overdraft would incur a $200 transfer) and begin accruing interest at the regular cash advance rate right away, so it’s in your best interest to pay them off as soon as possible. The fee is $10 or 3% (whichever is greater) for each transfer.

Cash Flow Management Tools for Business

This card comes with some useful business cash flow management tools, including:

  • Automatic online payment
  • QuickBooks integration
  • Transaction categorization and tracking

Mastercard-Backed Cardholder Benefits

This card also has a slew of Mastercard-backed benefits, most of which cost nothing out of pocket (though some may incur third-party fees). The most noteworthy include lost luggage replacement, emergency ticket replacement, trip cancellation coverage, and travel accident insurance.

Credit Required

This card requires excellent credit.


  1. No Annual Fee. The Business Advantage Travel Rewards World Mastercard® Credit Card has no annual fee. That’s great news for frugal travelers who simply can’t rack up points fast enough to offset a recurring charge – and cardholders who (rightfully) aim to maximize their net return on spending.
  2. 3x Points Per $1 Spent on Eligible Travel Purchases. This card earns unlimited 3 points per $1 spent on most travel purchases made through Bank of America®’s dedicated booking portal. When redeemed for credits against travel purchases, points earned in this bonus category return 3% on spending – not bad for a no-annual-fee credit card.
  3. Solid Baseline Earning Rate. All other eligible spending earns 1.5 points per $1 spent, a 1.5% rate of return on spending. That’s a solid baseline for the no-annual-fee category, where 1% baselines are common.
  4. Overdraft Protection for Bank of America® Account Holders. If you’re an existing Bank of America® deposit account holder, you can opt into this card’s overdraft protection cash advance scheme for (relatively) low-cost insurance against checking account overdrafts. Bank of America® is one of the few credit card issuers that bothers to offer this perk.
  5. No International Transaction Fee. This card never charges fees on international transactions. If you regularly travel internationally, you’ll save anywhere from 2% to 3% on international-denominated overseas spending relative to competitor cards.


  1. Smaller Sign-Up Bonus Than Some Competing Cards. While this card’s sign-up bonus is welcome, it actually isn’t that remarkable by the travel rewards category’s standards. For a truly remarkable sign-up bonus, look to the Chase Ink Business PreferredSM Credit Card, which offers 80,000 bonus points (worth up to $1,000 in travel redemptions) when you spend at least $5,000 in the first 3 billing cycles.
  2. Redemption Could Be More Flexible. This card’s redemption scheme isn’t as flexible as it could be. If you’re fine with redeeming for travel credits only, you won’t find much to complain about. If, on the other hand, you’re looking for competitive-rate cash back redemptions or a wide array of merchandise on offer, you’re bound to be disappointed.

Final Word

The Bank of America® Business Advantage Travel Rewards World Mastercard® Credit Card is a great card for frugal business travelers prepared to forgo luxe perks and conveniences for the promise of low fees, sensible rewards, and no interest on purchases for 9 billing cycles from account opening.

If that sounds like you, I’d highly recommend taking a closer look at this card. If you’re more keen on traveling in style or racking up eye-popping sign-up bonuses, maybe this isn’t the card for you – and that’s okay. The world is filled with enticing business travel credit cards, and I’m willing to bet one is calling your name. Here’s to finding it!

Bank Of America Business Advantage Travel Rewards World Mastercard Credit Card
4.2 / 5

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

The Bank of America Business Advantage Travel Rewards World Mastercard® Credit Card is ideal for small business owners whose frequent travel belies tight budgets and Spartan tastes. The above-average earning rate on eligible travel purchases and lack of foreign transaction fees benefit frequent international travelers, but limited value-added perks and rewards program limitations alienate more discerning cardholders.

Notable benefits include no annual fee or foreign transaction fees, the elevated rate of return on travel spending and solid baseline rate of return on all other spending, and overdraft protection for Bank of America deposit account holders.

Key drawbacks include the mediocre sign-up bonus and the limited redemption options.

Overall, this is a great card for frequent business travelers who don’t mind missing out on perks like airport lounge access and in-flight discounts.

Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airline, or hotel chain, and has not been reviewed, approved, or otherwise endorsed by any of these entities. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, or hotel chain, and have not been reviewed, approved, or otherwise endorsed by any of these entities.

Brian Martucci
Brian Martucci writes about credit cards, banking, insurance, travel, and more. When he's not investigating time- and money-saving strategies for Money Crashers readers, you can find him exploring his favorite trails or sampling a new cuisine. Reach him on Twitter @Brian_Martucci.

Comments Disclosure: The below 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.

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