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As a Bankrate credit cards editor, Ashley Parks is fascinated by the ways people can make credit cards work for them when armed with the right knowledge.
Courtney Mihocik is an editor at Bankrate Credit Cards and CreditCards.com specializing in credit card news and personal finance advice. Previously, she led insurance content at Reviews.com and worked as the loans editor at The Simple Dollar.
Bankrate.com is an independent, advertising-supported comparison service. The offers that appear on this site are from companies from which Bankrate.com receives compensation. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within listing categories. Other factors, such as our own proprietary website rules and the likelihood of applicants’ credit approval also impact how and where products appear on this site. Bankrate.com does not include the entire universe of available financial or credit offers.
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Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.
Bank of America business cards provide plenty of flexibility when it comes to handling your business expenses. Competitive rewards rates, generous welcome offers and affordability are key features with these cards. Check out our picks from our credit card partner bank of America, for best Bank of America business credit cards.
Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards.
Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards.
Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards.
Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards.
Intro offer
Get 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 – with no annual fee and cash rewards don’t expire.
Get 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 – with no annual fee and cash rewards don’t expire.
Annual fee
Regular APR
Recommended credit
A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.
A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.
You’re in the driver’s seat when it comes to where you earn most with this Bank of America business card. You’ll get to choose your highest earning category and your next highest covers dining purchases, a very popular category to cover plenty of business meetings and meals.
Pros
Cons
Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards.
Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards.
Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards.
Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards.
Intro offer
Get 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.
Get 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.
Annual fee
Regular APR
Recommended credit
A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.
A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.
This card comes with a competitive flat rewards rate and is ideal for people with small business or a side hustle to get off the ground. Also, if your expenses aren’t targeted to one specific spending category, an unlimited flat-rate rewards card is very lucrative no matter where you spend. You’ll get all that and more with this card — all for no annual fee.
Pros
Cons
*The information about the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card, Alaska Airlines Visa® Business credit card, Bank of America® Platinum Plus® Mastercard® Business card and Business Advantage Unlimited Cash Rewards Secured credit card have been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.
Learn more: Is the Business Advantage Customized Cash Rewards Mastercard worth it?
Read our full Bank of America Business Advantage Customized Cash Rewards Mastercard credit card review or jump back to offer details.
Read our full Bank of America Business Advantage Unlimited Cash Rewards Mastercard credit card review or jump back to offer details.
Read our full Bank of America Business Advantage Travel Rewards World Mastercard credit card review or jump back to offer details.
Read our full Alaska Airlines Visa Business credit card review or jump back to offer details.
Read our full Bank of America Platinum Plus Mastercard Business card review or jump back to offer details.
Jump back to offer details.
Bank of America offers a lineup of credit cards for business owners. Similar to a personal credit card, these business credit cards give you a revolving line of credit you can use to make purchases. This level of flexibility can help ensure you have a source of funds to cover expenses. In general, you’ll need to pay these purchases off on time to avoid interest charges piling up and having a negative impact on your business credit score.
Bank of America business credit cards also come with generous incentives that help them compete with many of the top small-business credit cards. If you’re looking to earn rewards for your purchases, enjoy short-term benefits like a sign-up bonus or intro APR offer, or take advantage of features that make it easier to run your business, Bank of America has you covered.
No matter the card you choose, Bank of America provides a number of valuable business credit card perks to its small-business customers. Top features include:
Affordability: Most Bank of America business cards skip the annual fee while still offering fairly lucrative rewards rates.
Welcome offers: The welcome offers on Bank of America’s business cards are ample and usually fairly competitive.
Rewards: A majority of Bank of America business cards offer rewards and more often than not your earnings are unlimited. There are a few cards that do have spending caps, but these cap totals are high, which could be ideal for business expenses.
Foreign transaction fees: Unless the card is geared specifically toward travel, many Bank of America business cards charge at least a 3 percent foreign transaction fee, which can prove costly if you need to make business purchases abroad.
Limited redemption options: Many of these business cards only let you redeem for statement credits or checks.
Short or no intro APR offers: If there is an intro APR offer with a Bank of America business card, it is likely much shorter than average at around seven to nine months compared to the more common 12 to 15 months on the low end of prevalent offers.
The Bank of America Preferred Rewards for Business lets small-business owners maximize their earnings based on how much money they keep in their accounts. Bank of America customers with a qualifying business checking account and at least $20,000 in a qualifying Bank of America Business deposit account or Merrill® business investment account can unlock greater benefits and rewards on top of the perks found with your eligible business card.
The program has three tiers: Gold, Platinum and Platinum Honors. Each tier comes with a number of banking, investment and credit card perks, including cash back on eligible payroll service fees, select fee waivers, and interest rate discounts on future Business Advantage lines of credit.
Preferred Rewards for Business members also receive bonus rewards when using their eligible cards, which include the Business Advantage Unlimited Cash Rewards, Business Advantage Customized Cash Rewards and the Business Advantage Travel Rewards World Mastercard. Here’s a look at what it takes to reach each tier and the rewards boost:
*Based on a three-month combined average daily balance in qualifying Bank of America business deposit accounts and/or Merrill® business investment accounts
This boost in rewards alone could be worth hundreds of dollars on top of what you’d already earn just from using a Bank of America Business rewards card. Here’s a look at the enhanced rewards rates each tier earns:
2% in dining*
1% in other eligible purchases
2.50%
1.25%
3.0%
1.5%
3.50%
1.75%
1.5 points for other eligible purchases
1.87 points
2.25 points
2.62 points
*Earn 3 percent and 2 percent cash back on the first $50,000 in combined category/dining purchases each calendar year, followed by 1 percent.
The rewards boost kicks in the month after you qualify for the tier based on a combined three-month average daily balance. If your account balance falls below the minimum tier requirement, you won’t immediately drop out of the tier. You remain at that level until your annual account review, which occurs the month after your anniversary date. If the review finds you lack sufficient funds, you’ll have three months from your anniversary date to restore your qualifying balance.
One of the best things Bank of America offers is the Preferred Rewards program. If you’re a business owner and Bank of America loyalist with eligible accounts, you have the potential to boost your rewards rate by up to 75 percent. If you have both business accounts and personal accounts with Bank of America, you could be in good shape to hit the required balances across accounts to qualify.
Some of the more rewarding Bank of America business credit cards have spending caps on their highest earning categories. If you’re a business owner with a smaller budget or less expenses overall, you could easily get a lot out of these kinds of credit cards without having to worry about hitting spending caps that could hamper your earning potential.
These business owners know where they spend the most and may want the power to choose which of their spending categories earns the highest rewards rate. The ideal card for this kind of forward-focused entrepreneur would be the Bank of America Business Advantage Customized Cash Rewards Mastercard credit card, which lets cardholders choose their highest earning rewards category.
Still unsure if a Bank of America business credit card is right for you? Check out our Credit Card Spender Type Tool where you can get personalized credit card recommendations based on your credit score, spending habits and daily needs.
* See the online application for details about terms and conditions for these offers. Every reasonable effort has been made to maintain accurate information. However all credit card information is presented without warranty. After you click on the offer you desire you will be directed to the credit card issuer’s web site where you can review the terms and conditions for your selected offer.
Editorial Disclosure: Opinions expressed here are the author’s alone, and have not been reviewed or approved by any advertiser. The information, including card rates and fees, is accurate as of the publish date. All products or services are presented without warranty. Check the bank’s website for the most current information.
Bankrate.com is an independent, advertising-supported publisher and comparison service. Bankrate is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. This compensation may impact how, where and in what order products appear. Bankrate.com does not include all companies or all available products.
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