Bank of America Business Advantage Travel Rewards World Mastercard credit card review 2024

While not the most glamorous travel rewards card, the no-annual-fee Bank of America® Business Advantage Travel Rewards World Mastercard® credit card * The information for the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. offers a hefty rewards-earning rate for small businesses who are Preferred Rewards for Business members and have at least $20,000 in combined balances in eligible Bank of America and Merrill business accounts. Those who aren’t eligible for the bank’s Preferred Rewards program can still earn at a decent rate.

We’ll help you evaluate whether this card is right for your business in our Bank of America Business Advantage Travel Rewards World Mastercard review.

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

• Annual fee: $0.
• Welcome bonus: 30,000 points after spending $3,000 in the first 90 days of account opening.
• Rewards: 3 points per $1 on car, hotel or airline travel booked through the Bank of America Travel Center and 1.5 points per $1 on other purchases.
• APR: 0% intro APR on purchases for the first nine billing cycles, then a 18.49% to 28.49% variable APR on purchases and balance transfers applies. A balance transfer fee of 4% of each transaction applies.
• Recommended credit score: Excellent.
• Does the card offer preapproval? No.
• Other benefits: Travel accident insurance, lost luggage reimbursement, trip cancellation/trip delay coverage, World Mastercard benefits.

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

Small business owners looking for a no-annual-fee business travel rewards card will like the simplicity of the Bank of America Business Advantage Travel Rewards World Mastercard rewards program. There are no bonus spending categories to keep track of, no spending caps on earning rewards and the card carries some generous travel protections. Plus, with no foreign transaction fees, you can confidently use the card for purchases when traveling abroad.

The card earns 3 points per $1 on car, hotel or airline travel booked through the Bank of America Travel Center and 1.5 points per $1 on other purchases, plus cardholders who are also Bank of America Preferred Rewards for Business members have the ability to boost their rewards-earning rate 25% to 75%, depending on how much they have in their business accounts. In addition, the card offers a 0% intro APR on purchases for the first nine billing cycles, then a 18.49% to 28.49% variable APR on purchases and balance transfers applies. A balance transfer fee of 4% of each transaction applies.

You won’t get high-end travel benefits, such as airport lounge access or travel credits, which are typically reserved for travel rewards cards that assess an annual fee. But for a card without a fee, the Business Advantage Travel Rewards card can help amass points for future travel.

Pros

• No annual fee: Business owners can avoid paying an annual fee while also earning travel rewards. 
• Elevated rewards for Preferred Rewards for Business members: If your business has at least $20,000 with an eligible BofA business or Merrill account, you can qualify for the Preferred Rewards program, which can boost rewards rate earnings.
• Solid travel benefits for no annual fee: Receive travel accident insurance, lost luggage reimbursements and trip delay/trip cancellation protection.

Cons

• Short intro APR on purchases: Save on interest charges with the cards low intro APR, but only for the first nine billing cycles.
• Excellent credit required for approval: Business owners will need to have personal credit scores ranging from a FICO Score of 740 to 850 in order to be considered for the card.
• Low welcome bonus: You can find more generous welcome bonuses on competing business travel rewards cards that don’t charge an annual fee.

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

With the Bank of America Business Advantage Travel Rewards World Mastercard, cardholders can earn an unlimited 3 points per $1 on car, hotel or airline travel booked through the Bank of America Travel Center and 1.5 points per $1 on other purchases. 

Points can be redeemed for travel, travel credits, or cash rewards starting at 2,500. A 3,500-point minimum is required for gift card redemption. New cardholders can earn 30,000 points after spending $3,000 in the first 90 days of account opening.

If your business is a Preferred Rewards for Business member, you can earn 25% to 75% more points on every purchase, depending on how much money you have in an eligible Bank of America or Merrill business account.

Bank of America points are generally worth 1 cent per point. 

Using government data and other publicly available information, we estimate that a business in the U.S. that would be in the market for this card has around $29,525 in annual expenses that can be charged to a credit card. Here’s how our sample business’s rewards could break down:

SPENDING CATEGORY	SPENDING AMOUNT	POINTS PER DOLLAR (OR CASH-BACK RATE)	POINTS (OR CASH-BACK) EARNED
Travel booked through the Bank of America Travel Center	$3,500	3 points	10,500 points
All other purchases	$26,025	1.5 points	26,025 points
TOTAL			36,525 points

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The business in this example can earn a grand total of 36,525 rewards points, which are worth about $365.25. If your business is a Preferred Rewards for Business member, you can earn the following boost in rewards:

• Gold member ($20,000 to $50,000 three-month combined average daily balance): 1.87 points for every $1 spent on purchases and 3.75 points for every $1 in travel purchases made through the Bank of America Travel Center.
• Platinum member ($50,000 to $100,000 three-month combined average daily balance): 2.25 points for every $1 spent on purchases and 4.5 points for every $1 in travel purchases made through the Bank of America Travel Center.
• Platinum Honors member ($100,000+ three-month combined average daily balance): 2.62 points for every $1 spent on purchases and 5.25 points for every $1 in travel purchases made through the Bank of America Travel Center.

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

The card comes with a 0% intro APR on purchases for the first nine billing cycles, then a 18.49% to 28.49% variable APR on purchases and balance transfers applies. A balance transfer fee of 4% of each transaction applies. Just know that some competing cards, such as the U.S. Bank Triple Cash Rewards Visa® Business Card * The information for the U.S. Bank Triple Cash Rewards Visa® Business Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. , offer longer intro periods.

Bank of America Business Advantage Travel Rewards World Mastercard perks

The Business Advantage Travel Rewards World Mastercard comes with the following benefits:

• Travel accident insurance.
• Lost luggage reimbursement.
• Trip cancellation coverage.
• Trip delay reimbursement.
• Free access to Dun & Bradstreet business credit scores. Cardholders can track their business credit scores through Business Advantage 360.
• Elevated rewards of 25% to 75% more for Bank of America business checking account holders who qualify for Preferred Rewards for Business Platinum Honors tiers.
• World Mastercard benefits, including cellphone protection, Mastercard travel and lifestyle services and Mastercard airport concierge. 

How the Bank of America Business Advantage Travel Rewards World Mastercard compares to other business travel cards

When looking for a small business card, it’s important to evaluate which card may best fit your needs, spending patterns and budget. 

We’ve provided some alternative cards to consider, but you should check out our list of best travel credit cards with no annual fee as well as best business credit cards for travel and best cash-back business cards.

Bank of America Business Advantage Travel Rewards World Mastercard vs. U.S. Bank Triple Cash Rewards Visa® Business Card * The information for the U.S. Bank Triple Cash Rewards Visa® Business Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.

If your business isn’t sold on a card that earns travel rewards, you may want to take a look at the $0-annual-fee U.S. Bank Triple Cash Rewards Visa Business Card instead. It offers 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center, 3% cash back at gas and EV charging stations, office supply stores, cellphone service providers and restaurants and 1% cash back on all other eligible purchases.

The card also offers a generous 0% intro APR on qualifying purchases for the first 12 billing cycles, followed by a variable APR of 19.24% to 28.24% on purchases and balance transfers. A balance transfer fee of either 3% of each transfer or $5 minimum, whichever is greater, applies. Plus, $500 in cash back after spending $4,500 on purchases in the first 150 days of account opening. If you want greater flexibility with your rewards, this could be a better choice. 

Bank of America Business Advantage Travel Rewards World Mastercard vs. The American Express Blue Business Cash™ Card * The information for the The American Express Blue Business Cash™ Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.

Another $0-annual-fee business card option is the American Express Blue Business Cash Card (terms apply). It earns 2% cash back on all eligible purchases (automatically rewarded via statement credits), up to $50,000 per calendar year, then 1%. The simple structure and automatic redemptions of your rewards offers one of the simplest rewards programs possible on a credit card.

Although The American Express Blue Business Cash™ Card * The information for the The American Express Blue Business Cash™ Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. offers secondary car rental loss and damage insurance¹, which isn’t included with the Bank of America Business Advantage Travel Rewards World Mastercard, it does charge a foreign transaction fee of 2.7% of each transaction after conversion to US dollars, so it’s not a fit for business travel abroad.

Bank of America Business Advantage Travel Rewards World Mastercard credit card vs. Ink Business Preferred® Credit Card * The information for the Ink Business Preferred® Credit Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.

If your business can handle a travel rewards card with a nominal $95 annual fee, you can earn 120,000 points after spending $8,000 on purchases in the first three months of account opening with the Chase Ink Business Preferred.

Those points can be redeemed cash back at a penny per point or used to book through Chase Travel℠ at an elevated value of 1.25 cents per point. The benefits you get with this card are generous and include no foreign transaction fees, cellphone protection, primary car rental insurance, roadside dispatch and trip cancellation/trip interruption coverage. Plus, you can transfer your points to one of Chase’s travel partners at a 1:1 rate. These benefits are far more robust then what comes with the Bank of America Business Advantage Travel Rewards card.

Bank of America Business Advantage Travel Rewards World Mastercard is right for you if:

The Bank of America Business Advantage Travel Rewards World Mastercard could be a good fit for your business for the following reasons: 

• You don’t want to pay an annual fee.
• Your business is a Bank of America Preferred Rewards for Business member so you can earn an elevated rewards rate on your purchases.
• You prefer a simplified rewards-earning structure with no spending caps or spending categories.
• You’d like some basic travel protections and no foreign transaction fees.

Frequently asked questions (FAQs)

^{¹Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.}