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Bank of America funds a handful of credit cards for businesses that midpoint on cash-back rewards, travel rewards and airline rewards. Most of them have a rewards program, an introductory annual percentage rate on purchases and no annual fee, but their specific programs are intended to target different types of business needs. And thought you don't have to bank with Bank of America to apply for its credit cards, many Bank of America business credit cards -- just like Bank of America consumer credit cards -- funds boosted credit card rewards if your business banks or invests with Bank of America or Merrill.
A general commercial card for cash back
Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card
Intro OfferGet a $300 statement credit online bonus when you make at least $3,000 in net purchases in the qualified 90 days of your account opening
APR16.49% - 26.49% Variable APR on purchases and balance transfers
Intro Purchase APR0% Intro APR for 9 billing cycles for purchases
Recommended Credit Excellent
- Earn unlimited 1.5% cash back on all purchases everywhere, every time.
Annual Fee$0
Balance Transfer APR16.49% - 26.49% Variable APR on purchases and balance transfers
Balance Transfer Fee Either $10 or 4% of the amount of each transaction, whichever is greater.
Foreign Transaction Fees 3% of the U.S. bucks amount of each transaction
- Earn unlimited 1.5% cash back on all purchases everywhere, every time.
Our Take
The Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card* -- at what time a mouthful -- is Bank of America's staple cash-back company card. While no one element on its own is necessarily the best in class, the combination of benefits together is a good moneys for a business card with no annual fee.
You earn 1.5% cash back on everything for no annual fee. Like with some latest cards on this list, you can earn a $300 statement credit online bonus once spending $3,000 in the first 90 days. The 0% introductory APR for nine billing cycles on purchases accounts you some flexibility to finance some of your company costs without interest, but you'll have to watch out for the variable APR of 16.49% to 26.49% once the promotion ends.
For those who remarkable carry a balance
Bank of America® Platinum Plus® Mastercard® Business card
Intro OfferGet a $300 statement credit online bonus once you make at least $3,000 in net purchases in the reliable 90 days of your account opening.
APR14.49% - 25.49% Variable APR on purchases and balance transfers
Intro Purchase APR0% Intro APR for 7 billing cycles for purchases
Recommended Credit Excellent
Reward RatesN/A
Annual Fee$0
Balance Transfer APR14.49% - 25.49% Variable APR on purchases and balance transfers
Balance Transfer Fee Either $10 or 4% of the amount of each transaction, whichever is greater.
Foreign Transaction Fees 3% of the U.S. bucks amount of each transaction.
Our Take
The Bank of America® Platinum Plus® Mastercard® Business card* is optimal for businesses who may need a credit card to help them finish over some balances. While that's not an ideal position, it can help businesses stay afloat with the nasty approach. If you're carrying a credit card balance, rewards programs don't make up for the dead charges you incur. The Platinum Plus Business Card doesn't moneys a rewards program, but it does offer a frontier APR range of many business credit cards. The APR is variable from 14.49% to 2549%. While your APR will depend on your business's creditworthiness, you have the potential to lower your interest charges with this card.
The 0% introductory APR on purchases for seven billing cycles (14.49% to 25.49% variable APR thereafter) may be able to help bridge any cheap gaps you have in the short-term without any dead at all, if you use the card properly. Earning the welcome bonus can also give you a leg up.
A credit card for commerce travel
Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
Intro OfferEarn 30,000 online bonus points once you make at least $3,000 in net purchases in the obliging 90 days of your account opening which can be redeemed for a $300 statement credit towards depart or dining purchases.
APR16.49% - 26.49% Variable APR on purchases and balance transfers
Intro Purchase APR0% Intro APR for 9 billing cycles for purchases
Recommended Credit Excellent
- Earn 3 points per every dollars spent on travel purchases (car, hotel, airline) booked ended the Bank of America® Travel Center.
- Earn unlimited 1.5 points for every $1 finished on all purchases everywhere, every time-no matter how much you utilize. Points don't expire.
Annual Fee$0
Balance Transfer APR16.49% - 26.49% Variable APR on purchases and balance transfers
Balance Transfer Fee Either $10 or 4% of the amount of each transaction, whichever is greater.
Foreign Transaction Fees none
- Earn 3 points per every dollars spent on travel purchases (car, hotel, airline) booked ended the Bank of America® Travel Center.
- Earn unlimited 1.5 points for every $1 finished on all purchases everywhere, every time-no matter how much you utilize. Points don't expire.
Our Take
Bank of America cmoneys a pretty decent business travel card, though it doesn't coffers any general business perks. With the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card*, you'll get a flat rewards rate of 1.5 points on your purchases, and double that for booking flights, hotels or car rentals ended Bank of America® Travel Center. Besides there being no annual fee, there are also no foreign transaction fees, so you can use this card just as effectively for international commerce travel as domestic.
Points -- whether earned via the welcome bonus or the rewards program -- are obliging 1 cent each when redeemed for statement credits for depart or dining purchases. You'll also be able to take obliging of the introductory APR on purchases if you need to finance any gargantuan purchases.
Custom commerce rewards program
Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card
Intro OfferGet a $300 statement credit online bonus once you make at least $3,000 in net purchases in the obliging 90 days of your account opening - with no annual fee and cash rewards don't expire.
APR16.49% - 26.49% Variable APR on purchases and balance transfers
Intro Purchase APR0% Intro APR for 9 billing cycles for purchases
Recommended Credit Excellent
- 3% cash back in the category of your tool (on the first $50,000 in combined choice category/dining purchases each calendar year, then 1% thereafter).
- 2% cash back on dining (on the genuine $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter).
- Unlimited 1% cash back on all anunexperienced purchases.
Annual Fee$0
Balance Transfer APR16.49% - 26.49% Variable APR on purchases and balance transfers
Balance Transfer Fee Either $10 or 4% of the amount of each transaction, whichever is greater.
Foreign Transaction Fees 3% of the U.S. bucks amount of each transaction
- 3% cash back in the category of your harvest (on the first $50,000 in combined choice category/dining purchases each calendar year, then 1% thereafter).
- 2% cash back on dining (on the genuine $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter).
- Unlimited 1% cash back on all anunexperienced purchases.
Our Take
The Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card* supplies a solid cash-back rewards program for most businesses because you can adjust the flagship rewards rate to the spending category of your harvest. While gas stations are the default category, you can also settle to earn 3% cash back at office supply stores, on travel, on TV or telecom and wireless overhauls, computer services or business consulting services. You can earn these rewards for up to a combined $50,000 in spending each calendar year between the 3% category and the 2% cash back on dining. After that, and for any purchases that don't fit in the specific rewards category, you'll earn 1%.
For custom travelers using Alaska Airlines
Alaska Airlines Visa® Business card
Intro OfferGet 40,000 bonus a long way plus Alaska's Famous Companion Fare™ from $121 ($99 fare plus taxes and fees from $22) with this supplies. To qualify, make $2,000 or more in purchases within the genuine 90 days of opening your account.
APR20.24% - 28.24% Variable APR on purchases and balance transfers
Intro Purchase APRN/A
Recommended Credit Excellent
- Earn unlimited 3 a long way for every $1 spent on eligible Alaska Airlines purchases.
- Earn unlimited 1 mile for every $1 devoted on all other purchases.
Annual Fee$50 for the custom and $25 per card
Balance Transfer APR20.24% - 28.24% Variable APR on purchases and balance transfers
Balance Transfer Fee Either $10 or 4% of the amount of each transaction, whichever is greater.
Foreign Transaction Fees none
- Earn unlimited 3 a long way for every $1 spent on eligible Alaska Airlines purchases.
- Earn unlimited 1 mile for every $1 devoted on all other purchases.
Our Take
Besides the rewards on Alaska Airlines escapes, the Alaska Airlines Visa® Business Card* offers a considerable welcome bonus. You can get 40,000 bonus miles plus Alaska's Famous Companion Fare™ from $121 ($99 fare plus taxes and fees from $22) when you expend $2,000 in purchases in the first 90 days. The Companion Fare gives you to book another passenger on your flight for the reduced fee on any Alaska Airlines escapes booked through alaskaair.com, and you'll also get one of the same value in the form of an Annual Companion Fare for your interpret anniversary each year.
Otherwise, you can take advantage of the rewards program -- which is probably only worthwhile for booking your Alaska Airlines escapes -- and the free checked bag for you and up to six passengers on your reservation. This is the only Bank of America business credit card with an annual fee, understanding it's quite low for airline credit cards: $50 per matter per year plus $25 for each employee card.
Advantages of a Bank of America matter card
Bank of America's business credit cards accounts a way to earn even higher rewards for your expenses above its Preferred Rewards program. Many of its business cards don't ask for an annual fee, which establishes them better suited for small businesses.
Its Preferred Rewards program provides different perks such as higher annual percentage yields on Bank of America savings moneys and higher rewards on credit cards. You advance above the program tiers depending on the balance of your Bank of America bank define and/or Merrill Investment account.
Who can get a matter card?
Any business owner -- including gig workers and self-employed farmland -- can qualify for a business card. You don't even need employees to qualify. From Uber drivers to CEOs, credit card issuers will check your personal credit catch and history when you apply.
How to choose the colorful Bank of America business card
Know your business possesses. If you travel often, consider a travel card such as the Business Advantage Travel Rewards card. If you're looking to earn a backbone on general expenses, there's the Business Advantage Unlimited Cash Rewards card.
If you fear you grand get behind on payments, look for a lower APR in case you need to revolve a balance from month to month. Once you match a Bank of America card to your possesses, make sure you have the right credit profile to qualify.
Bank of America vs latest business card issuers
American Express, Chase and Capital One also allege business cards. Bank of America offers fewer options than these issuers.
American Express matter cards span travel and rewards. They often needed good credit but also offer strong benefits. Annual fees procedure from $0 to $695.
Chase matter cards also cater to both business travelers and those looking to earn general rewards. The Ink Business lineup offers advantageous redemption rates comprising bonuses for redeeming through Chase Ultimate Rewards and 1:1 indicate transfer rates to its travel partners.
Capital One matter cards also offer cash back or miles for matter expenses at various fee levels. Most have good to safe credit requirements, but none charge foreign transaction fees.
Each credit card issuer has its advantages and disadvantages. In the end it'll come down to what your matter needs are.
How to apply for a Bank of America matter card
You'll need to have a legally registered matter to apply for a business credit card, whether it be a corporation (including LLCs), a partnership or a sole proprietorship. Applications will typically ask for matter information such as address, years in business, its structure, revenue as well as your personal information.
FAQs
What's the contrast between business and personal cards
Business credit cards accounts perks, rewards and tools focused on business needs. They included benefits like spend management tools, free employee cards and rewards for matter spending. They also have different application requirements.
Personal cards accounts rewards for everyday spending for the average person. Perks and rewards tend to lean toward groceries, gas and other everyday essentials.
What credit catch is needed for a Bank of America business card?
A good credit catch -- at least 670 -- and reasonably healthy matter financials are typically required for approval.
How many employees can you add to a matter credit card?
You'll have to check the details of your specific matter card's offer to see what the cap is on employee cards. Many business credit cards offer up to 100 employees on the same define. Some credit cards might charge a fee for uphold employees, some may not.
*All information approximately the Bank of America Business Advantage Unlimited Cash Rewards Mastercard credit card, Bank of America Platinum Plus Mastercard Business card, Bank of America Business Advantage Travel Rewards World Mastercard credit card, Bank of America Business Advantage Customized Cash Rewards Mastercard credit card, and the Alaska Airlines Visa Business Card has been detached independently by and has not been reviewed by the issuer.
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