Credit Cards Credit Card Reviews

Bank of America Business Advantage Travel Rewards World Mastercard Review

overall rating
4.0

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The Bank of America Business Advantage Travel Rewards World Mastercard has no annual fee and allows you to earn unlimited points on travel expenses booked through the bank and, at a lower rate, on all other purchases, too. The card comes with an easily earned bonus of 30,000 reward points after spending $3,000 in the first 90 days of account opening, worth $300.

Business Advantage Travel Rewards credit card

overall rating
4.0
Business Advantage Travel Rewards credit card
On Bank of America's Secured Site.

Current Offer:

30,000 bonus points when you spend $3,000 in the first 90 days.

Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 12.24% - 22.24% variable
Annual Fee $0
Rewards Earning Rate Earn unlimited 1.5 points for every $1 you spend on all purchases. Earn 3 points per $1 spent on travel booked through the Bank of America Travel center - powered by Expedia.
INTRO PURCHASE APR 0% for 9 Billing Cycles
Balance Transfer Fee Either $10 or 4% of the amount of each transaction, whichever is greater.
Cash Advance APR (%) 24.24%
Cash Advance Fee Either $10 or 4% of the amount of each transaction, whichever is greater
how this card stacks up
When compared among all business cards in our database:
Rewards
Benefits
Low Fees
Security/Customer Experience
Low Interest
worst best

Currently rated one of our

Full Review of Bank of America Business Advantage Travel Rewards World Mastercard

Pros
  • Earn unlimited points with no spending caps

  • Easily earned, if modest, bonus

  • Rewards boost with a high-balance bank or investment account

Cons
  • Limited options for getting the best return on rewards

  • No premium travel benefits

Pros Explained

  • Earn Unlimited Points with No Spending Caps: Some business rewards cards limit the amount of spending every year that is eligible for rewards, especially at the highest earnings rates. The Bank of America Business Advantage Travel Rewards World Mastercard credit card offers unlimited points on purchases, with no limits. You earn 3 points for every dollar spent at the Bank of America Travel Center and 1.5 points on all other purchases.
  • Easily Earned, if Modest, Bonus: Plenty of cards, even those with no annual fee, offer a richer bonus than the 30,000-point offer with the Bank of America Business Advantage Travel Rewards World Mastercard, which is worth $300 if the points are used for travel. The spending requirement to earn the bonus on this card is in line with other business rewards cards in the market.
  • Rewards Boost With a High-Balance Bank or Investment Account: You may be able to increase your rewards rates if you hold a business bank account with Bank of America or a business investment account with Merrill. However, you need to have a substantial account balance to qualify. The minimum balance is $20,000, which earns a 25% points bonus. Those with a balance of $50,000–$99,999 earn a 50% bonus and customers with a balance of $100,000 or more earn the maximum bonus of 75%.

Cons Explained

  • Limited Options for Getting the Best Return on Rewards: While this card earns rewards as points, you needn’t master a complex program in order to make the most of those earnings when they’re redeemed. Instead, points are simply converted to dollars. However, to receive the highest value of a cent per point customarily requires using points for travel, either as a credit against travel expenses on your statement or through booking travel directly with the Bank of America Travel Center. You get only $0.006 per point when you redeem them for cash back, which means a 2,500-point redemption would earn you only $15. Gift-card rates vary by the vendor.
  • No Premium Travel Benefits: If you're looking for travel perks, such as complimentary lounge access, fee credits for TSA PreCheck or Global Entry or free checked bags, you're out of luck with this card. As is often the case for a no-annual-fee business card, travel benefits are basic and limited to pluses like travel-accident insurance and lost-luggage reimbursement.

This Card is Best For

  • Avatar for Rewards Strategist Persona
    Seeks to maximize points or miles earnings across spending categories
    Rewards Strategist
  • Avatar for Frequent Flyer Persona
    Flies often for business or leisure
    Frequent Flyer
  • Avatar for Frequent Diner Persona
    Dines out regularly while traveling or in home city
    Frequent Diner
  • Avatar for Business Owner Persona
    Earning a primary or side income from a small business
    Business Owner

This card is best suited to frequent travelers who hold a five-figure balance in a Bank of America business account or a business investment account with Merrill. By qualifying the business as a Preferred Rewards for Business account, such a balance will increase the points earned with the card by up to 75%, for earnings as high as 4.12 points per dollar spent. 

The Bank of America Business Advantage Travel Rewards World Mastercard might also be a decent fit for a business that seeks a card to which all travel expenses are charged, and the resulting rewards used to buy more travel—since that’s the most lucrative use of the card's points. 

The business might then consider opting for other cards that offer better rewards for other spending, and a wider range of rewarding redemption options.

Helping this case is the ease by which the card's 30,000-point introductory bonus, worth $300 when used for travel, can be earned, with just $3,000 in spending over the first 90 days. 

Bank of America Business Advantage Travel Rewards World Mastercard Bonus

This card offers a modest introductory bonus that's readily earned.You receive 30,000 points if you make $3,000 in net purchases within the first 90 days of account opening—which is in line with other business cards in this category. 

Since points earned with the card are worth a cent each when used for travel, that makes this bonus worth $300 when applied as a statement credit against travel purchases or booked directly through the Bank of America Travel Center. 

Rewards Earning Details

The rewards structure with this card is fairly simple. When you book travel, including airfare, hotels and rental cars, through the Bank of America Travel Center you earn unlimited 3 points per dollar. All other purchases earn an unlimited 1.5 points per dollar. 

The only exception to these earnings are for businesses that are members of the Bank of America Preferred Rewards for Business program. Here are the stipulations for the three levels of the program, expressed as the size of balance required in either a Bank of America business bank account or a Merrill business investment account. 

  • Gold ($20,000 to $49,999): 25% points bonus
  • Platinum ($50,000 to $99,999): 50% points bonus
  • Platinum Honors ($100,000 to $250,000): 75% points bonus

The bonuses apply to both travel expenses and of all other purchases made with the card. In terms of how much you'd earn with this card if you qualify for the bonus, at the Platinum Honors level you'd earn 4.12 points per dollar on travel bought from Bank of America. All other purchases made with the card increase from a 1.5 points-per-dollar-spent rate to one of 2.62 points. 

Rewards Redemption Details

Bank of America makes redeeming rewards simple, if limited. Your options for rewards redemption are:

  • Statement credit against travel purchases
  • Using points to buy travel through the issuer’s Travel Center
  • Cash back
  • Gift cards

When using points for travel statement credit, they're worth 1 cent each. The same value applies for purchases through the Bank of America Travel Center, which also allows you to avoid the blackout dates or other restrictions that can accompany loyalty programs from airlines, hotels, and more.

You get only $0.006 per point when you redeem for cash back, which means a 2,500-point redemption would earn you only $15. Gift-card rates vary by the vendor.

How to Maximize Your Rewards

Earning the most you can with the Bank of America Business Advantage Travel Rewards World Mastercard credit card begins with ensuring you earn its $300 introductory bonus. Doing so should be manageable for almost any business, since it requires spending only a minimum of $500 for each of your first two months with the card. 

After that, you should make all your travel purchases using the card, and do so through the Bank of America Travel Center, which is the only option for earning 3 points per dollar spent, the card's highest rewards rate. Then, you should charge future travel expenses to the card, so you can apply the value of your points as a statement credit to cover or at least offset their cost. Here are two examples of how this process might work.

Average Case

Let's assume that your business spending leans more toward everyday purchases than travel. You charge $5,000 per year in flights for business trips, say, along with $15,000 in other purchases, such as advertising, office supplies and utilities.

That spending pattern would yield 15,000 points annually on travel, if it’s purchased through the Bank of America Travel and so earns 3 points per dollar for the $5,000 spent. All other purchases would earn 22,500 points on all other purchases. Earning 37,500 in points per year would earn your business $375 in statement credit to be applied to future travel expenses. 

Aspirational Case

Now, let's assume both that travel is a more frequent component of your business operations, and that you have a larger budget for all other spending, too. You charge $10,000 in travel each year and an additional $20,000 in other expenses. Let’s further assume your business banks with Bank of America and holds a balance of $150,000. That arrangement would entitle you to Platinum status in the Preferred Rewards for Business program, which yields a 75% bonus in points rewards. 

Using those numbers, your annual base earnings would be 60,000 points—30,000 points for travel (for $10,000 times 3 points per dollar spent), along with 30,000 points for all other purchases ($20,000 spent at 1.5 points earned per dollar). The points bonus for Platinum status in the Preferred Rewards program would boost those earnings by 75%, to 93,600 points. Those points could then be used to buy or offset $936 in future travel spending charged to the card.  

Standard Benefits

  • Cash flow management tools
  • Travel and emergency services
  • Overdraft protection
  • Fraud monitoring
  • $0 liability protection

Cardholder Experience

Bank of America received a 798 rating in J.D. Power's 2019 U.S. Credit Card Satisfaction Survey. While that falls just below the average score of 806 for national credit-card issuers, the survey ranking includes Bank of America in a sizable group of issuers with average satisfaction, including Capital One, Chase, Citi, and—just above Bank of America—Citibank.

The bank offers 24/7 customer service, which is common among major financial institutions. There’s also a live chat option on the website, and it’s available even if you’re not a customer of the company who is logged into your account—a level of accessibility that isn't offered by the customer service portals of all card issuers. 

Security Features

This card comes with the security features that are typical of other business credit cards. Those features include:

  • Chip protection
  • $0 fraud liability protection
  • Fraud monitoring
  • Overdraft protection
  • Paperless statements

You can also set up security alerts and notifications when you log in to your online account. That can make it easier to monitor account activity, such as purchases or wire transfer requests, to help you detect and avoid fraud. 

Fees to Watch Out For

This card has no annual fee and no foreign transaction fee, which is great if you're looking to avoid high fees with a rewards card. One thing to note is that while purchases enjoy a 0% introductory APR for the first 9 billing cycles after which the rate becomes 12.24% to 22.24% depending on creditworthiness, there's no promotional APR for balance transfers. That could make it a less than ideal choice if you have a balance to transfer. 

Our Verdict

The Bank of America Business Advantage Travel Rewards World Mastercard is indeed travel-centric. Its most generous rewards are for travel purchases booked through Bank Of America’s Travel Center, and its best redemption options are to convert points into a statement credit to offset travel purchases or to use points directly to buy more travel from the Travel Center.

The card offers no premium travel benefits. Unlike some cards that impose a charge of 3% or so on purchases made outside the country, though, it has no foreign transaction fee—which makes it helpful for both business travel abroad and when ordering from international suppliers. 

The 0% APR offer with the Bank of America Business Advantage Travel Rewards World Mastercard doesn't extend to balance transfers, but its 9-plus-month break on paying interest on new purchases could be a boon for your business’s cash flow.

This card's appeal diminishes, though, when it comes to its rewards and redemption options. Points must be used for travel for the best redemption value, and can’t be transferred to other programs. Unless you book through the Bank of America Travel Center, you'll earn a modest 1.5 points per dollar on travel, rather than 3 points, with the same 1.5-point rewards on everything else you buy. Businesses that have at least $20,000 in a Bank of America or Merrill business account can boost those earnings by between 25% and 75%, but such a balance may be beyond the financial means of many small businesses.

Apply Now
For Business Advantage Travel Rewards credit card
on Bank of America's Secured Site.
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CURRENT CARD
Business Advantage Travel Rewards credit card
overall rating
4.0
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 12.24% - 22.24% variable
Annual Fee $0
Rewards Earning Rate Earn unlimited 1.5 points for every $1 you spend on all purchases. Earn 3 points per $1 spent on travel booked through the Bank of America Travel center - powered by Expedia.
Investopedia Credit Card Rating Methodology
Investopedia is committed to delivering the best credit card recommendations in the industry. We’ll tell you when a card is good, we’ll tell you when a card is bad, and we’ll only call a card the best if we would recommend it to our friends or family members.
Overall Star Rating Explained
To rate credit cards we objectively assess, score and weight nearly 100 individual card features which roll up into five major feature sets: fees, interest, rewards, benefits and security/customer service. Here’s how we weighted those feature sets for the overall star rating of a card:
We have applied our proprietary rating methodology to every generally-accepted credit card in the U.S. domestic market to allow consumers to make fully informed choices. It’s important to note that for our overall score that we make a number of assumptions about how you would be using your credit card:
  1. While we make no assumption as to whether balances are carried on a given card we do assign varying weights to all credit cards’ introductory APR (if present) in addition to the regular, long term purchase and balance transfer interest rates.
  2. We utilize BLS (U.S. Bureau of Labor Statistics) income and average category spending data to calculate annual earnings rates for rewards cards that offer cash back, points or miles rewards at a set rate on all spending or in consideration of bonus rewards for certain spending categories, like gasoline, groceries, restaurants or travel.
  3. We determine the maximum points value of rewards cards by dividing the points, cash back or miles required to exchange for the retail price of the most valuable redemption option (for example, in the case of a card that offers a domestic roundtrip airline ticket as a redemption option vs. another redemption option of lesser value that requires the same amount of points or miles to acquire, we would base the rewards value on the airline ticket).
  • Cards that are selected best overall in their respective categories generally feature most if not all of the following attributes:
  • Low or Reasonable Fees Credit card fees come in many forms but the primary ones involve those for annual card membership and balance transfer. There are a myriad of reward and non-reward card options that charge no annual fee but for the many that do assess an annual fee the cost is often justified by their lucrative ongoing rewards and initial signup bonuses. Balance transfer fees are occasionally waived during introductory periods with certain cards, a factor which is heavily and positively weighted in our scoring model for cards offering this benefit. When charged, balance transfer fees range between 3% - 5%, which we grade accordingly. Other standard fees can generally be avoided, such as those for paying late or taking cash advances but we rate those relative to other cards in the market for reference, though with less weight assigned
  • Competitive Interest Many cards offer 0% introductory APR on purchases and balance transfers for varying lengths and then revert to a permanent or regular APR (based on a variable rate tied to the prime rate) that applies to any balances not paid in full. We rate both introductory APR percentage and length (in months) along with the midpoint of the variable regular APR interest rate range.
  • Valuable Rewards Credit card reward programs can be based on cash back, points or travel rewards (which can be generic or travel partner-specific, as with airline and hotel co-brand card programs). For cards that offer rewards we determine the value per dollar spent along with average redemption values and assign more favorable ratings to cards that offer superior consumer value. We also assign value to sign-up bonus offers and their initial spending requirements, when present.
  • Excellent Benefits Credit card benefits cover a range of offerings like concierge service, TSA Pre-check, auto rental coverage, travel accident insurance, lost luggage assistance and free credit scores. We rate cards on the number and level of over a dozen standard and upscale benefits and provide extra weighting emphasis for those travel-related perks that apply to premium travel cards when present.
  • Solid Security/Customer Service Security and customer service features like lost or stolen card replacement, being able to lock one’s card from an issuer app and 24 hour customer support are becoming more standard across the card market and we provide a significant amount of weighting to features in this area.
  • You can also read the full version of our methodology for a more in-depth look at how we assess cards and award them the best in various categories.