Bank of America Business Travel Credit Card Review
Key Takeaways
The Bank of America Business Travel Credit Card is not one we would recommend. While this business card won't count against your Chase 5/24 rule status and allows you to redeem rewards for travel-related purchases, its advantages are limited. The ability to use points to offset travel purchases does put it ahead of most other Bank of America rewards cards that only offer cash back. However, even considering the simplicity of earning 1.5x points on all purchases, it still doesn't compete well against other business cards on the market. The minimal additional benefits and modest welcome offer simply don't provide enough comparative value.
Why This Card Could Be Right For You
The Bank of America Business Travel Card offers several advantages for business owners looking for a straightforward credit card solution:
- No annual fee business credit card that won't count toward your Chase 5/24 limit
- Welcome offer of 30,000 points after spending $3,000 in the first 90 days
- Simple earning structure with 1.5x points on all purchases everywhere, with no category tracking required
The card's simplified earning system benefits business owners who prefer not to juggle multiple bonus categories and want a consistent return on all their spending. Redemption is equally straightforward — most restaurant and travel-related purchases qualify for statement credits using your earned points. You can simply log into your account and apply those points to pay for qualifying purchases you've already made.
Additional value comes through Bank of America's Preferred Rewards for Business program. By enrolling, you can boost your earning potential significantly:
- Gold Tier (requires $20,000+ balance): 25% earning bonus, increasing your points to 1.875 per dollar spent
- Platinum Tier: 50% earning bonus
- Platinum Honors Tier: 75% earning bonus, maximizing your return
To qualify for these tiers, you'll need an eligible Bank of America business checking account and maintain the minimum required three-month average balance in your deposit and investment accounts. While the higher tiers require larger balances, they provide not only enhanced point earnings but additional valuable business benefits.
When The Usual Advice Doesn't Apply
Situations where this card might not be right for you:
- You can obtain higher welcome bonuses, greater value, and better redemption options from other no annual fee business cards in the Chase family
- You won't maintain high enough balances to benefit from the Preferred Rewards programs, which offer the best value with this card
How The Bank of America Business Travel Credit Card Fits In The Cash in Cents Ecosystem
Bank of America offers several business credit cards, though none rank highly on our recommended list. Here's how they compare:
- Platinum Plus Business: Not recommended as it only offers a $300 statement credit welcome bonus with no additional ongoing benefits.
- Business Advantage Customized Cash Rewards: Offers $300 cash back after spending $3,000 in the first 90 days, plus 3% back in a category of your choice (from 6 options) and 2% back on dining. Note that there's a $50,000 annual cap on these combined bonus categories.
- Business Advantage Unlimited Cash Rewards: Provides the same $300 welcome bonus and offers a straightforward 1.5% cash back on all purchases with no limits or restrictions.
For most business owners, the Chase family of business cards delivers substantially more value, even among their no annual fee options. Cards like the Chase Ink Business Cash and Chase Ink Business Unlimited typically offer higher welcome bonuses, better rewards structures, and more valuable redemption options through the Chase Ultimate Rewards program.
Consider exploring these alternatives before committing to any Bank of America business card, as they generally provide a better return on your business spending and more flexible redemption opportunities.
Card Information
| Bonus Points | Minimum Spend | Point Value | Annual Value | Annual Fee |
1st Year Value
|
|---|---|---|---|---|---|
| 30,000 | $3,000 | 1.0 ¢ | $0 | $0 |
$330
|
Spend Categories
3X points
3¢ Per Dollar Spent
1.5X points
1.5¢ Per Dollar Spent
3X points
3¢ Per Dollar Spent
3X points
3¢ Per Dollar Spent
Card Benefits
You will pay no foreign transaction fees when you use your card for purchases made outside the United States.
Point Transfer Options
Transfer To Spouse/Partner Yes
Transfer To Friends Yes
Travel Partner Transfers
Outside Point System Cash in Cents
Transfers In From
1:1 71% value retained
1:1 100% value retained
1:1 91% value retained
1:1 63% value retained
1:1 91% value retained
1:1 71% value retained
