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A balance transfer is a way to move credit card debt from one credit card to another with the goal of saving money on interest.
Intro Balance Transfer APR | N/A |
Regular Balance Transfer APR | 13.74% - 23.74% |
Balance Transfer Fee | Either $10 or 4% of the amount of each transaction, whichever is greater. |
Penalty APR | N/A |
Late Fee | Up to $49 |
Returned Payment Fee | $39 |
Additional Cards Annual Fee | N/A |
Foreign Transaction Fee | none |
Borrowing cash on your credit card is a cash advance. Cash advances usually come with very high fees. Even worse, cash advances can signal to lenders that you’re being irresponsible with money.
Cash Advance APR | 25.74% Variable APR for Cash Advances and Convenience Checks |
Cash Advance Fee | Either $10 or 4% of the amount of each transaction, whichever is greater. Includes Convenience Checks. |
Bank of America Business has several card types depending on your needs.
You can usually pay your bill online on your
Credit card issuer's websiteThe Bank of America Business Advantage Travel Rewards World Mastercard is a general travel rewards card for small business owners. It has no annual fee, and offers a solid rewards program for people who tend to travel with a variety of airlines and stay at a variety of hotels.
Cardholders get 3X points per dollar when booking travel through the Bank of America Travel Center. That includes airline flights, hotel bookings, and car rentals. And 1.5X points per dollar is provided for every other purchase.
Points are worth 1 cent each when redeemed for travel expenses.
You can get a 25%–75% bonus on your reward redemptions if you enroll in the Business Advantage Relationship Rewards program.
There’s also a 0% introductory APR for 9 billing cycles for purchases, giving you some time to pay off expenses at no interest.
Bank of America reports business card activity to Equifax Business.