The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card is an excellent travel card that can certainly be worth it for frequent travelers and small business owners alike. Show
This $0-annual-fee card offers 3 points per every dollar spent on travel purchases (car, hotel, airline) booked through 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. Despite not having an annual fee, its point system rivals those of luxury travel cards and other general rewards cards. 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 as it offers high rewards at a low cost. Consumers with a business checking account with Bank of America can earn up to 75% more rewards through the bank’s Preferred Rewards for Business program. The only shortcoming is that some of the card’s competitors offer better rewards rates, but those same cards also demand large annual fees, mitigating many of the advantages to a higher rewards rate. Who is the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card best for?This card is best for frequent travelers who plan to book their trips through the Bank of America Travel Center, as the card offers a high earning rate for travel purchases. Small to midsize business owners can also benefit from this card as they'll earn up to 75% more rewards points when keeping a business checking account with Bank of America and qualifying for the Preferred Rewards for Business program. Because this card doesn't charge an annual fee or foreign transaction fees, it can be a wonderful choice for travelers and business owners looking to keep costs down while getting rewarded for their spending. {"backgroundColor":"ice","content":"\u003C\/p\u003E\n\n\u003Ch3\u003EWho is the Bank of America\u003Csup\u003E\u00ae\u003C\/sup\u003E Business Advantage Travel Rewards World Mastercard\u003Csup\u003E\u00ae\u003C\/sup\u003E credit card best for?\u003C\/h3\u003E\n\n\u003Cp\u003EThis card is best for \u003Cstrong\u003Efrequent travelers\u003C\/strong\u003E who plan to book their trips through the Bank of America Travel Center, as the card offers a high earning rate for travel purchases. \u003Cstrong\u003ESmall to midsize business owners\u003C\/strong\u003E can also benefit from this card as they'll earn up to 75% more rewards points when keeping a business checking account with Bank of America and qualifying for the Preferred Rewards for Business program. Because this card doesn't charge an annual fee or foreign transaction fees, it can be a wonderful choice for travelers and business owners looking to keep costs down while getting rewarded for their spending.\u003C\/p\u003E\n\n\u003Cp\u003E","padding":"double"} Sign-up bonusThe Bank of America® Business Advantage Travel Rewards World Mastercard® credit card offers a considerable sign-up bonus if you meet the qualifications: Earn 30,000 online bonus points after you make at least $3,000 in net purchases in the first 90 days of your account opening which can be redeemed for a $300 statement credit towards travel or dining purchases. Fortunately, reaching the minimum spending threshold to earn the sign-up bonus shouldn't be too challenging for consumers who use their card regularly. What's it worth? $300 statement credit Who's eligible to earn this bonus? New cardholders are eligible to receive this bonus. Only one 30,000 Bonus Reward Points offer is allowed per company account. {"backgroundColor":"ice","content":"\u003C\/p\u003E\n\n\u003Cp\u003E\u003Cdiv class=\"ShortcodeImage--root left\" \u003E\n \u003Cdiv class=\"ShortcodeImage--image-container \"\u003E\n \u003Cimg alt=\"money icon\" class=\"ShortcodeImage--image lazyload\" style=\"width: 80px;\" src=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_limit,dpr_1.0,f_auto,h_1600,q_auto,w_80\/v1\/static\/icons\/svg\/money\" srx=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_limit,dpr_2.0,e_blur:1000,f_auto,h_1600,q_1,w_80\/v1\/static\/icons\/svg\/money\" srcset=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_limit,dpr_1.0,f_auto,h_1600,q_auto,w_80\/v1\/static\/icons\/svg\/money 1x, https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_limit,dpr_2.0,f_auto,h_1600,q_auto,w_80\/v1\/static\/icons\/svg\/money 2x\"\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\u003C\/p\u003E\n\n\u003Cp\u003E\u003Cstrong\u003EWhat's it worth?\u003C\/strong\u003E $300 statement credit\u003C\/p\u003E\n\n\u003Cp\u003E\u003Cstrong\u003EWho's eligible to earn this bonus?\u003C\/strong\u003E New cardholders are eligible to receive this bonus. Only one 30,000 Bonus Reward Points offer is allowed per company account.\u003C\/p\u003E\n\n\u003Cp\u003E","padding":"double"} Earning rateThe Bank of America® Business Advantage Travel Rewards World Mastercard® credit card serves the role of a travel card excellently. You earn 3 points per every dollar spent on travel purchases (car, hotel, airline) booked through 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. Not only is this a great travel card, but it's also a solid all-around rewards card given its higher-than-average points rate across all categories. We value Bank of America points at 1 cent per point, so rewards earned with this card can be quite valuable. It's worth noting, too, that consumers with a business checking account with Bank of America are eligible for up to a 75% points increase on all purchases through the Preferred Rewards for Business program, which we will discuss in detail below. Redeeming rewardsRedeeming points with the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card is incredibly simple. Cardholders have four different options when it comes to redeeming their rewards:
Travel rewards can be redeemed through the Bank of America Travel portal or for statement credits against your travel purchases at a value of 1 cent per point. You can redeem your points for statement credits for up to 12 months past the date purchase, giving you ultimate flexibility. You can also redeem points for straight cash back, if you don't want to deal with travel purchases. The main drawback to the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card is that points are worth 1 cent each at most, no matter how you redeem them. Cards like the Chase Ink Business Preferred® Credit Card offer a bonus on travel redemptions, and even let you transfer points to hotel and travel loyalty programs to increase their value. These flexible point travel cards are the best way to go if you want to earn the most travel for your spending. Bonus for Bank of America customersIn order to qualify for Preferred Rewards for Business, you must have an active, eligible Bank of America business checking account and a three month combined average daily balance of $20,000 or more in qualifying Bank of America business deposit accounts and/or Merrill® business investment accounts. The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card offers up to 75% more bonus points to consumers who have a business checking account with Bank of America and who qualify for the Preferred Rewards for Business program. The program consists of three different tiers: Gold, Platinum and Platinum Honors. Your placement into a tier is dependent on this three-month combined average. The higher your tier, the greater the bonus percentage you earn on your base points. If your business qualifies for Platinum Honors, you will receive 75% more points on the base earned for eligible business credit cards, meaning you could earn 5.25 points per dollar spent at the Bank of America Travel Center and 2.62 points per dollar spent on all other purchases.
Other benefitsA top benefit of the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card is that it does not charge foreign transaction fees. This can save frequent travelers and business travelers significant amounts of money when making purchases internationally. The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card offers card members an intro APR of 0% Introductory APR on purchases for your first 9 billing cycles on purchases from account opening, then 15.24% - 25.24% Variable APR. This can be exceedingly helpful for consumers who tend to carry a balance on their card or for small businesses with large start up costs. A nice benefit of the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card is that it comes with a number of travel and emergency services to help protect your business. Card members will receive $1 million of coverage in:
The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card comes with zero liability protection against unauthorized transactions, meaning you won't be held responsible for any fraudulent charges on your account. You'll also be protected against loss, damage, fire or theft for certain purchases. Card members can also receive extended warranty coverage. Drawbacks
What credit score is needed for the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card?Consumers will need 720 - 850 credit in order to qualify for the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card. You'll want to make sure your credit score is high enough before applying for the card to increase your chances of acceptance and avoid doing damage to your credit score. {"backgroundColor":"butter","content":"\u003C\/p\u003E\n\n\u003Ch3\u003EWhat credit score is needed for the Bank of America\u003Csup\u003E\u00ae\u003C\/sup\u003E Business Advantage Travel Rewards World Mastercard\u003Csup\u003E\u00ae\u003C\/sup\u003E credit card?\u003C\/h3\u003E\n\n\u003Cp\u003EConsumers will need \u003Cstrong\u003E720 - 850\u003C\/strong\u003E credit in order to qualify for the Bank of America\u003Csup\u003E\u00ae\u003C\/sup\u003E Business Advantage Travel Rewards World Mastercard\u003Csup\u003E\u00ae\u003C\/sup\u003E credit card. You'll want to make sure your credit score is high enough before applying for the card to increase your chances of acceptance and avoid doing damage to your credit score.\u003C\/p\u003E\n\n\u003Cp\u003E","padding":"double"} Alternatives to the Bank of America® Business Advantage Travel Rewards World Mastercard® credit cardAlthough 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 travel cards and small business cards to determine for yourself which card will help your business the most: Bank of America® Business Advantage Travel Rewards World Mastercard® credit card Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card Capital One Spark Miles Select for Business More card details Not available on ValuePenguin Not available on ValuePenguin Not available on ValuePenguin Bank of America® Business Advantage Travel Rewards World Mastercard® credit card vs. The Platinum Card® from American ExpressVerdict: More expensive but worth it for those seeking luxury travel The Platinum Card® from American Express has an extraordinarily high annual fee of $695, which translates into an entirely different range of luxury benefits and rewards. You can earn 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel on up to $500,000 on these purchases per calendar year and 5X Membership Rewards® points on prepaid hotels booked with American Express Travel. Terms apply. That's 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. You'll get up to a $200 airline fee credit per calendar year (enrollment required), a $100 Saks credit (enrollment required) and more. It also comes with access to the Amex Global Lounge Collection. This means you will be able to enjoy some of the greatest luxury travel amenities accessible, including entrance to Centurion, Delta SkyClub and Priority Pass™ Select lounges (enrollment required). 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 Bank of America® Business Advantage Travel Rewards World Mastercard® credit card vs. Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit cardVerdict: A good option for customizing your cash back The Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card is a great option for business owners who prefer to pick their own 3% bonus category each month. Users Earn 3% cash back in the category of your choice (for the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter), 2% cash back on dining purchases (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 online bonus after you make at least $3,000 in net purchases in the first 90 days of your account opening. Relative to other existing offers on the market, this sign-up bonus shouldn't be hard to hit for most businesses. Bank of America® Business Advantage Travel Rewards World Mastercard® credit card vs. Capital One Spark Miles Select for BusinessVerdict: More modest rewards for cardholders who want to avoid an annual fee The Capital One Spark Miles Select for Business is tailored for small businesses to capitalize on their travel expenses and maximize rewards. For a $0 annual fee, cardholders earn 1.5 Miles per $1 on every purchase. While this rate on general purchases is competitive with the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card, the Capital One Spark Miles Select for Business doesn't earn any bonus rewards outside this. If you spend a lot on travel (or are a Bank of America Preferred Rewards customer), you might find that the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card offers a stronger rewards rate. Ultimately, this means that the Capital One Spark Miles Select for Business is generally less rewarding than Bank of America's offering. Should you get the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card?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, sign-up bonus that shouldn't be difficult for small businesses to achieve. The earning rate is also great, and is further improved if you qualify for a higher tier membership in the Bank of America Business Advantage Relationship Rewards program. The amount of value offered by this card at $0 annual fee is tremendous, and we would strongly recommend this card for your business if it fits your needs. However, if this card doesn't have what you're looking for, consider another travel credit card or small business credit card instead. Bank of America® Business Advantage Travel Rewards World Mastercard® credit card FAQsDoes the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card have travel insurance?Yes, the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card does come with travel insurance for up to $1 million for your business. Are there Bank of America® Business Advantage Travel Rewards World Mastercard® credit card international fees?No, the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card does not charge international fees. What is the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card phone number?The Bank of America customer service phone number is 800-732-9194. For rates and fees of The Platinum Card® from American Express, please click here The information related to Bank of America® Business Advantage Travel Rewards World Mastercard® credit card, Capital One Spark Miles Select for Business and Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card has been independently collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply to American Express credit card offers. See americanexpress.com for more information. How does the Bank of America travel rewards work?It's just as easy to redeem points as it is to earn them. Simply make a restaurant or travel-related purchase with your card, then redeem your points for statement credit to offset the purchase. Points are worth 1 cent apiece when redeemed for travel. And when you think "travel" purchases, think outside the box.
Is Bank of America rewards worth it?If you spend a lot on general purchases or have a lot of travel spending, Bank of America Preferred Rewards paired with a Bank of America credit card can absolutely be worth it. Earning 2.62% cash back on general purchases and 3.5% cash back on travel purchases are some of the highest cash-back earning rates available.
Does Bank of America travel Rewards cover TSA PreCheck?Apply for Global Entry or TSA PreCheck
The Bank of America® Premium Rewards® credit card comes with a $100 Global Entry or TSA PreCheck application fee statement credit, valid every four years.
What credit score do you need for a Bank of America travel credit card?Requires Excellent Credit
The Bank of America Travel Rewards credit card would be much more appealing if more people could get it. Instead, you need a credit score of 750 or higher to have a good chance of being approved. It might be more successful, too.
|
Bank of america business advantage travel rewards review
Related Posts
Copyright © 2024 moicapnhap Inc.
