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Bank of America Business Credit Cards

4 min read
Brendan Harkness By Brendan Harkness Nov 13, 2019 | Updated Jun 11, 2020

Bank of America offers a handful of business credit cards, designed to give small business owners a variety of options ranging from low interest rates to cash back to travel rewards.

Look for a card with bonus categories that match your frequent business expenses, whether you make trips to the local office supply shop or trips across the country. Or maybe you just need a handy payment option that will be accepted pretty much everywhere. You’ll find reasonable prices, with no annual fees higher than $100.

Here’s an overview of all the Bank of America business cards, followed by more details below.

Card & Rewards Annual Fee
Bank of America® Business Advantage Cash Rewards Mastercard® credit card

  • 3% cash back in your choice of one category
  • 2% cash back at Restaurants
  • 1% cash back for all other purchases
  • $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening
$0.00
Bank of America® Business Advantage Travel Rewards World Mastercard® credit card

  • 3X points per dollar at the Bank of America Travel Center
  • 1.5X points per dollar for all other purchases
  • 30,000 bonus points for spending $3,000 within 90 days of account opening
$0.00
Bank of America® Platinum Plus® Mastercard® Business credit card

  • $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening
$0.00
Alaska Airlines Visa® Business credit card

  • 3X miles per dollar for Alaska Airlines purchases
  • 1X mile per dollar for every other purchase
  • 40,000 bonus miles plus Alaska’s Famous Companion Fare from $121 ($99 fare plus taxes and fees from just $22) with this offer. To qualify, make purchases of $2,000 or more within the first 90 days of opening your account
$50 for the company and $25 per card
Asiana Visa® Business Card

  • 2X Asiana Club miles per dollar on Asiana Airlines ticket purchases
  • 1X Asiana Club mile per dollar for all other purchases
  • 10,000 bonus miles after your first purchase
$80

Cash Back Rewards

Bank of America® Business Advantage Cash Rewards Mastercard® credit card

Our rating
Min. credit levelExcellent
Details
Annual Fee$0.00
Regular APR13.74% - 23.74% Variable APR
Apply Now

securely on the issuer's website

  • Get a $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening – with no annual fee and cash rewards don’t expire.
  • Earn 3% cash back in the category of your choice, 2% cash back on dining and unlimited 1% cash back on all other purchases.
  • You’ll get 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
  • 0% Introductory APR on purchases for your first 9 billing cycles.
  • Redeem your cash rewards as a statement credit, check, or have cash deposited into a Bank of America® checking or savings account.
  • Get 75% more cash back on every purchase when you’re a Preferred Rewards for Business Platinum Honors tier member. That means you will earn 5.25% on your selected choice category, 3.5% on dining and unlimited 1.75% cash back on all other purchases.

Looking for flexibility? The Bank of America® Business Advantage Cash Rewards Mastercard® credit card (Review) has it, with a 3% cash back category you can customize to fit varied business spending throughout the year. That’s competitive with the best business rewards cards, even those with high fees.

You can choose one of six useful business-oriented categories each month — plan head, and you can accommodate typical business spending one month and travel the next. And you’ll always get a decent 2% category, along with an intro APR period. But take note that your 3% and 2% rewards have a $50K annual spending limit, so you may want to combine this with other business card offers.

Spending Rewards
  • 3% cash back in one category of your choice each month:
    • Gas stations
    • Travel
    • Office supply stores
    • TV/telecom & wireless services
    • Computer services
    • Business consulting services
  • 2% cash back at:
    • Restaurants
  • 1% cash back on all other purchases
  • Spending limit: 3% and 2% rewards up to $50,000 per year, then 1%
Introductory Bonus Offer
  • $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening

Key Features

  • Preferred Rewards: Eligible cardholders can get an extra 25%–75% bonus on cash back earned.
  • Shopping and Travel protections: Including Extended Warranties, Travel Accident Insurance, Auto Rental Insurance, and more
  • Purchase APR: 0% for 9 billing cycles, then 13.74% - 23.74% Variable APR
  • Annual fee: $0.00

Travel Rewards

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

Our rating
Min. credit levelExcellent
Details
Annual Fee$0.00
Regular APR13.74% - 23.74%
Apply Now

securely on the issuer's website

  • Earn 30,000 bonus points when you make at least $3,000 in net purchases within 90 days of your account opening which can be redeemed for a $300 statement credit towards travel purchases.
  • 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.
  • Earn 3 points per every dollar spent on travel purchases (car, hotel, airline) booked through the Bank of America® Travel Center.
  • No annual fee and no international transaction fees.
  • 0% Introductory APR on purchases for your first 9 billing cycles.
  • Redeem points for travel with no blackout dates, cash back or gift cards.
  • Get 75% more points on the base earn of every purchase you make when you’re a Preferred Rewards for Business Platinum Honors tier member. That means you will earn 2.62 points for every $1 you spend and 4.12 points per every $1 you spend at the Bank of America® Travel Center.

If you’re no stranger to travel, picking up a travel-focused card for your business could make good sense. The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card is a simple option that earns points on travel booked through the Bank of America Travel Center, which is powered by Expedia — that includes flights, hotels, and car rentals.

This could be a great pick if you want an inexpensive Mastercard for traveling — it’s rare in that it offers 1.5X points on non-category purchases and has no foreign transaction fee, quite a good set of features for a no annual fee card. Just make sure you’ll be able to book the travel you need with BofA.

Spending Rewards
  • 3X points per dollar at the Bank of America Travel Center
  • 1.5X points per dollar for every other purchase
Introductory Bonus Offer
  • 30,000 bonus points for spending $3,000 within 90 days of account opening

Key Features

  • Preferred Rewards: Eligible cardholders can get an extra 25%–75% bonus on points earned.
  • Travel protections: Including $1 million in Travel Accident Insurance, Lost Luggage Reimbursement, Trip Cancellation Coverage, and Trip Delay Reimbursement
  • Purchase APR: 0% for 9 billing cycles, then 13.74% - 23.74%
  • No foreign transaction fee
  • Annual fee: $0.00

Low Interest Rates

Bank of America® Platinum Plus® Mastercard® Business credit card

Our rating
Min. credit levelExcellent
Details
Annual Fee$0.00
Regular APR11.74% - 22.74%
Apply Now

securely on the issuer's website

  • Get a $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening.
  • Save on interest with a competitive purchase APR.
  • No annual fee.
  • 0% Introductory APR on purchases for your first 7 billing cycles.
  • Employee cards at no additional cost to you and with credit limits you set.

For a simple way to manage business expenses — including making purchases, distributing employee cards, and tracking spending — consider the Bank of America® Platinum Plus® Mastercard® Business credit card.

There’s not much to this card, though you’ll get a 0% introductory APR for purchases (but it’s on the short side). There are no rewards, but you can earn a decent statement credit bonus. This could be a good payment option for you and your employees, but if you want a card with rewards or a longer intro period you can check out other business credit cards.

Introductory Bonus Offer
  • $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening
    • Return on spend: 10%

Key Features

  • Purchase APR: 0% for 7 billing cycles, then 11.74% - 22.74%
  • Balance Transfer APR: 11.74% - 22.74%
  • Cash Advance APR: 25.74% Variable APR for Cash Advances and Convenience Checks for Cash Advances and Convenience Checks
  • Annual fee: $0.00

Co-Branded Airline Credit Cards

Bank of America issues two co-branded business credit cards — one with Alaska Airlines, and one with Asiana Airlines.

Either one of these cards could be quite good if you’re a fan of the associated airline — they have annual fees, but it should be easy to make up for them with their excellent perks. The Alaska Airlines card can be particularly lucrative thanks to its famous companion pass — you can get one as part of your intro bonus, plus another one every year.

Alaska Airlines Visa® Business credit card

Our rating
Min. credit levelExcellent
Details
Annual Fee$50 for the company and $25 per card
Regular APR17.49% - 25.49%
Apply Now

securely on the issuer's website

  • Get 40,000 bonus miles plus Alaska’s Famous Companion Fare from $121 ($99 fare plus taxes and fees from just $22) with this offer. To qualify, make purchases of $2,000 or more within the first 90 days of opening your account.
  • Get Alaska’s Famous Companion Fare™ from $121 ($99 plus taxes and fees from $22) every year! That’s right, EACH YEAR on your account anniversary get a companion fare from $121 ($99 plus taxes and fees from $22). Valid on all Alaska flights booked on alaskaair.com with no blackout dates.
  • Save with a free checked bag on Alaska flights for you and up to six other guests on the same reservation.
  • Earn 3 miles for every $1 spent directly on Alaska Airlines purchases and 1 mile for every $1 spent on all other purchases.
  • NEW! 50% off Alaska Lounge day passes and 20% back on inflight food, beverage and Wi-Fi purchases when you pay with your card.
  • Get exclusive access to discounted redemption levels when you redeem miles for hotel stays at over 400,000 properties using Alaska Airline Hotels.
  • Earn unlimited miles and travel with no blackout dates and no international transaction fees.
  • Enjoy many money saving benefits, 800+ destinations, more than a dozen global airline partners and a low annual fee of $50 for the company and $25 per card.
Spending Rewards
  • 3X miles per dollar for Alaska Airlines purchases
  • 1X mile per dollar for every other purchase
Introductory Bonus Offer
  • 40,000 bonus miles plus Alaska’s Famous Companion Fare from $121 ($99 fare plus taxes and fees from just $22) with this offer. To qualify, make purchases of $2,000 or more within the first 90 days of opening your account
    • Value (miles): $600–$800 (1.5–2 cents per point)
    • Return on spend (miles): 30%–40%

Key Features

  • Perks: Annual Companion Fare, free checked bag, 20% back for eligible inflight purchases, 50% discount on Alaska Lounge day passes
  • No foreign transaction fee
  • Annual fee: $50 for the company and $25 per card ($25 per card)

Asiana Visa® Business Card

Our rating
Min. credit levelGood
Details
Annual Fee$80
Regular APR14.99% Variable
Apply Now

securely on the issuer's website

  • Earn 10,000 bonus miles after your first purchase
  • 2X Asiana Club miles per dollar on purchases from Asiana Airlines
  • 1X Asiana Club mile per dollar on all other purchases
  • Get two annual $100 statement rebates for Asiana Airlines ticket purchases
  • Redeem miles for reward air tickets from Asiana Airlines or Star Alliance carriers, or upgrade the seat class to the next level or obtain reward air tickets from partner carriers. Visit Asiana Club for a complete rewards listing
  • No limit to the miles you can earn
  • Start redeeming rewards at 10,000 miles
Spending Rewards
  • 2X Asiana Club miles per dollar on Asiana Airlines ticket purchases
  • 1X Asiana Club mile per dollar for every other purchase
Introductory Bonus Offer
  • 10,000 bonus miles after your first purchase
    • Value (miles): $100–$200 (1–2 cents per point)

Key Features

  • Perks: Two annual $100 statement credits toward qualifying Asiana Airlines ticket purchases
  • Foreign transaction fee: 3%
  • Annual fee: $80

Bank of America Business Credit Card Features

Bank of America small business credit cards may come with the following features.

  • Bank of America Preferred Rewards for Business: Enroll your eligible card in the Preferred Rewards for Business program to get a 25%–75% bonus on rewards if you have qualifying Bank of America or Merrill Lynch accounts.
  • Redemption options: Bank of America reward cards allow you to redeem points or cash back for statement credits, gift cards, travel expenses, and more.
  • Account alerts: Choose the types of notifications you’d like to receive, like payment due dates or payment receipts.
  • Shopping and Travel protections: May include Purchase Protection, Return Protection, Auto Rental Collision Damage Waivers, Travel Accident Insurance, and more.
  • Fraud protection: Bank of America will proactively monitor your account to help prevent fraudulent transactions.
  • $0 Liability Protection: You won’t be held responsible for unauthorized transactions. Contact customer support immediately if you suspect fraud.
  • Overdraft Protection: Prevent overdrafts of your Bank of America business bank account by linking your credit card. Transfers from credit cards to bank accounts will count as bank cash advances.
  • Online banking and mobile app: Access your account online from a computer or from your smartphone.
  • Chip technology: Bank of America cards are equipped with EMV technology, both chip-and-signature and chip-and-PIN.

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