Bank of America
Bank of America Business Advantage Travel Rewards World Mastercard
Earn 1.5x points on everyday purchases with no annual fee and no foreign transaction fees.
Annual fee
None
Top rate
3x flights
Welcome bonus
50,000 points
Quick look
No Annual Fee Business Travel Rewards
Unlimited points with zero annual cost
3.9
out of 5
Rewards
Fees
Welcome bonus
Perks
Value
Overall score is a weighted average: Rewards 20% · Fees 20% · Welcome bonus 20% · Perks 20% · Value 20%.
Ideal for
Business owners with excellent credit who maintain a Bank of America business account, travel frequently on company dime, and want a reward card without annual fees or enrollment requirements.
The verdict
A practical no-fee option for business owners with excellent credit who prioritize simplicity over maximum rewards. The 1.5x points on all purchases and zero annual fee form a solid foundation, and the 3x multiplier on travel booked through Bank of America's portal appeals to frequent business travelers. The card's main weakness is modest earning power compared to category-specific competitors and inflexible redemption that ties you to Bank of America's travel ecosystem. It's not a strong standalone choice for heavy travel spenders, but for business owners who bank with BofA and value a straightforward, costless rewards card, it delivers.
The card excels for simplicity but falls short on rewards depth. Those seeking maximum travel value should compare it directly against American Express and Chase business alternatives before applying.
Pros
- No annual fee eliminates the cost barrier; many business travel cards charge $95 or more
- No foreign transaction fees make international business trips less expensive
- 7 billing cycles of 0% APR on purchases provides short-term financing flexibility
- Travel protections (trip cancellation, lost luggage, trip delay) come standard
Cons
- 1.5x base earning rate is modest; many competitors offer 2-2.5x on everyday spending
- Points redeem only through Bank of America's portal, not transferable to airline or hotel programs
- Requires excellent credit (750+) and a personal guarantee backing business purchases
- Welcome bonus of 50,000 points requires $5,000 spend in 90 days, a relatively high bar
Reward rates
| Category | Rate | Details |
|---|---|---|
| Flights | 3x | 3 points per $1 on travel purchases at Bank of America Travel Center |
| Everything else | 1.5x | 1.5 points per $1 on all other purchases |
The 1.5x rate on all purchases is straightforward and unlimited with no earning caps, but trails competitors by 0.5-1.0x in breadth. The 3x bonus on travel purchases applies only to flights, hotels, and car rentals booked directly through Bank of America Travel Center (not airline or hotel websites directly). Preferred Rewards for Business members earn 25-75% additional points depending on tier, which can materially improve returns for heavy spenders and account holders.
Fees and APR
Does it pay for itself?
$0 annual fee is exceptional among business travel cards, most of which charge $95-$795. The offsetting cost is higher regular APR (16.74-26.74%) after the intro period, typical for business cards. Pay in full monthly to avoid interest charges.
Welcome bonus
Is it worth chasing?
50,000 points worth approximately $500 at typical 1 cent per point redemption value. The $5,000 minimum spend is substantial for some businesses but easily met by established enterprises. No minimum spend cap; accelerate spending to hit the cap faster if you're on track to exceed it naturally.
Other benefits
- No annual fee
- No international transaction fees
- Access to free business credit scores from Dun & Bradstreet
- Earn up to 75% more points as a Preferred Rewards for Business member
Similar cards
No annual fee alternative with similar rewards, but offers 3x points on flights booked directly (not portal-dependent)
Charges no annual fee and matches your rewards for the first year, but harder to qualify for as a business card
Frequently asked questions
Do I need a Bank of America business account to apply?
No, but existing Bank of America business customers gain 25-75% additional points through the Preferred Rewards for Business program. This multiplier significantly improves the card's value proposition, so current customers should verify their Preferred Rewards tier before applying.
Can I transfer points to airline or hotel programs?
No. Points redeem as cash back, statement credits, or gift cards through Bank of America's platform. They do not transfer to frequent flyer or loyalty programs, which limits flexibility if you're chasing specific airline status or redemptions.
What credit score do I need to qualify?
Bank of America looks for excellent credit (750+) and strong business financials. The card also requires a personal guarantee, meaning you personally back any debt the business cannot cover.
How does the 7-month 0% APR offer work?
New cardholders get 0% APR on purchases for the first 7 billing cycles. After that, regular APR (16.74-26.74%) applies. Carry a balance during the intro period to take advantage, but plan to pay it off before the regular rate kicks in.
Is there a minimum redemption amount?
Yes, you need at least 2,500 points ($25 value) to redeem. If you're a light spender, it may take several months to reach the threshold.
Reviewed by YoungerFinance Editorial · Last updated August 10, 2026