Table of Contents
The banking industry is in a state of flux. The recent wave of technological innovation has made banks obsolete and threatened financial stability, leading to new 5G mobile-based solutions designed to help the global economy scale at unprecedented rates. But these innovations have been met with their own set of challenges, such as increased costs for consumers and lack customer trust in institutions
The “bank of america business credit card score” is a metric that tells you how likely you are to get approved for a bank of America business credit card. It takes your credit score, the amount of time on your current account and the amount of available credit into account when deciding whether or not to approve your application.
There are five business credit cards offered by Bank of America, including ones that give cash back, travel incentives, no-interest and low-interest financing, and There is no yearly charge.. Business owners who already have a Bank of America deposit account and want to earn rewards for travel and daily costs can apply for a Bank of America business credit card.
The finest Bank of America business credit cards are as follows:
Do you wish to compare the characteristics of two cards? We’ve made it simple for you to do so by allowing you to check off up to three cards on this page and adding them to your basket. You’ll be able to compare the information in a side-by-side comparison this way.
Advantage in Business Customized Cash Rewards: The Best Way to Earn Cash Back in Your Favorite Category
Mastercard® Business Advantage Cash Rewards credit card
Our editorial team uses industry specialists to generate the scores for Fit Small Business. The kind of credit card (cash back or travel) as well as the card’s rates, fees, rewards, and other benefits like insurance are all taken into account in our grading methodology.
You may get up to 3% cash back in your chosen shopping area.
Apply Now
on Mastercard® Business Advantage Cash Rewards credit card’s secure website.
Compare with
APR on a regular basis
Purchases have a variable APR of 12.24 percent to 22.24 percent.
- When you spend $3,000 in net purchases within 90 days of starting your account, you’ll get a $300 statement credit. There’s There is no yearly charge., and cash incentives never expire.
- Earn 3% cash back in any category of your choosing, 2% cash back on eating, and an unlimited 1% cash back on all other transactions.
- Each calendar year, you’ll earn 3% and 2% cash back on your first $50,000 in combined chosen category/dining purchases, respectively, and 1% afterwards.
- For the first nine billing cycles, you’ll get a 0% introductory rate APR on purchases.
- You may get a statement credit, a check, or cash deposited into a Bank of America® checking or savings account when you redeem your cash rewards.
- When you join the Preferred Rewards for Business Platinum Honors tier, you’ll get 75 percent more cash back on every transaction. That means you’ll get 5.25 percent back on your chosen category, 3.5 percent back on eating, and 1.75 percent cash back on everything else.
Pros
- Options for flexible redemption
- There is no yearly charge.
- Bonus for registering
Cons
- Each year, premium awards are restricted at $50,000.
- Only earns high rewards in one area of expenditure.
- APR of 0% for a limited time
- Bank of America does not provide the specifics of its extra card features. When you get your card in the mail, go through the benefits guide to learn more about these extra features.
APR on a regular basis
Purchases have a variable APR of 12.24 percent to 22.24 percent.
- When you spend $3,000 in net purchases within 90 days of starting your account, you’ll get a $300 statement credit. There’s There is no yearly charge., and cash incentives never expire.
- Earn 3% cash back in any category of your choosing, 2% cash back on eating, and an unlimited 1% cash back on all other transactions.
- Each calendar year, you’ll earn 3% and 2% cash back on your first $50,000 in combined chosen category/dining purchases, respectively, and 1% afterwards.
- For the first nine billing cycles, you’ll get a 0% introductory rate APR on purchases.
- You may get a statement credit, a check, or cash deposited into a Bank of America® checking or savings account when you redeem your cash rewards.
- When you join the Preferred Rewards for Business Platinum Honors tier, you’ll get 75 percent more cash back on every transaction. That means you’ll get 5.25 percent back on your chosen category, 3.5 percent back on eating, and 1.75 percent cash back on everything else.
Pros
- Options for flexible redemption
- There is no yearly charge.
- Bonus for registering
Cons
- Each year, premium awards are restricted at $50,000.
- Only earns high rewards in one area of expenditure.
- APR of 0% for a limited time
- Bank of America does not provide the specifics of its extra card features. When you get your card in the mail, go through the benefits guide to learn more about these extra features.
Who Are the Best Candidates for Business Advantage Customized Cash Rewards?
The Bank of America® Business Advantage Customized Cash Rewards card is best for business owners who want to earn premium cash back rewards in their chosen spending category. This is also a good option if you want Options for flexible redemption, as you can redeem your cash back as a deposit to your Bank of America® checking or savings account, as a card statement credit, or as a check by mail.
If you already have a Bank of America® business checking account, the Bank of America® Business Advantage Customized Cash Rewards program is ideal. If you qualify for the top Preferred Rewards for Business tier, you’ll get 75 percent more cash back on every transaction. Consider the Bank of America® Advantage in Business Cash Bonuses indefinitely card instead if you don’t want to keep track of expenditure categories.
Customized Cash Rewards Fees for Businesses
- For the first nine billing cycles after creating an account, the introductory APR is 0% on purchases.
- Ongoing Annual Percentage Rate (APR): 12.24 percent to 22.24 percent variable (adjusts with prime rate)
- There is no yearly charge.
- Fee for balance transfers: 4% of the transfer amount or $10, whichever is larger.
- Fee for international transactions: 3%
- Fee for cash advances is 4% of the advance or $10, whichever is greater—the APR is 24.24 percent.
Why Do We Like the Business Advantage? Customized Cash Rewards are one of our favorite features of the Business Advantage.
- Bonus for registering: You get a $300 statement credit after spending at least $3,000 in net purchases within 90 days of opening an account.
- Premium cash back in your preferred category: Get 3% cash back in your preferred category, such as petrol stations, office supply shops, travel, television or telecommunication services, computer services, or business consulting services.
- Options for flexible redemption: You can redeem your cash back as a deposit into your Bank of America® checking or savings account, as a card statement credit, or as a check mailed to you—cash rewards don’t expire.
- There is no yearly charge.: You can earn rewards on all purchases without having to pay annual fees.
- 0% introductory rate APR: After creating an account, you may take advantage of interest-free financing for the first nine billing cycles.
- 75 percent more cash back: If you have a business checking account with Bank of America® and qualify for the highest Preferred Rewards for Business tier, you’ll get 75 percent more cash back.
What Does the Business Advantage Customized Cash Rewards Card Leave Out?
While the Bank of America® Business Advantage Customized Cash Rewards credit card provides premium rewards for your selected category, you may only receive 3% and 2% cash back on the first $50,000 in combined choice category and dining expenditures each fiscal year, then 1% afterwards. This card does not have no international transaction fees, which is something to keep in mind if you plan on using it to make purchases outside of the country.
Advantage in Business Unlimited Cash Rewards: This is the best option for getting unlimited, fixed-rate cash back.
Advantage in Business Cash Bonuses indefinitely
Apply Now
on Advantage in Business Cash Bonuses indefinitely’s secure website.
Compare with
Intro APR
For the first nine billing cycles, there is no interest on purchases.
APR on a regular basis
Variable from 12.24 percent to 22.24 percent
- Spend $3,000 on purchases within the first 90 days after establishing an account to get a $300 statement credit.
- On all purchases, you may earn an unlimited amount of 1.5 percent cash back. There is no yearly limit on monetary incentives, and they do not expire.
- If you have a business checking account with Bank of America and qualify for the highest Preferred Rewards for Business Tier, you may earn up to 75% more cash back.
- For the first nine billing cycles, you’ll get a 0% introductory rate APR on purchases.
- Cash rewards may be deposited into your Bank of America bank or savings account, credited to your card statement, or sent as a check.
Pros
- There is no yearly charge.
- Options for flexible redemption
- Bonus for registering
Cons
- Cash back incentives are low.
- There is no cost for international transactions.
- APR of 0% for a limited time
- Travel & Emergency Services: This includes $100,000 in travel accident insurance, auto rental insurance, emergency ticket replacement, lost-luggage assistance, and legal and medical referrals when you’re away from home.
- Online & Mobile Access: Manage your account anytime and anywhere through online and mobile banking.
- Balance ConnectTM for Overdraft Protection: To avoid refused purchases, returned checks, or other overdrafts, you may connect your credit card to a Bank of America® business checking account for overdraft protection.
Intro APR
For the first nine billing cycles, there is no interest on purchases.
APR on a regular basis
Variable from 12.24 percent to 22.24 percent
- Spend $3,000 on purchases within the first 90 days after establishing an account to get a $300 statement credit.
- On all purchases, you may earn an unlimited amount of 1.5 percent cash back. There is no yearly limit on monetary incentives, and they do not expire.
- If you have a business checking account with Bank of America and qualify for the highest Preferred Rewards for Business Tier, you may earn up to 75% more cash back.
- For the first nine billing cycles, you’ll get a 0% introductory rate APR on purchases.
- Cash rewards may be deposited into your Bank of America bank or savings account, credited to your card statement, or sent as a check.
Pros
- There is no yearly charge.
- Options for flexible redemption
- Bonus for registering
Cons
- Cash back incentives are low.
- There is no cost for international transactions.
- APR of 0% for a limited time
- Travel & Emergency Services: This includes $100,000 in travel accident insurance, auto rental insurance, emergency ticket replacement, lost-luggage assistance, and legal and medical referrals when you’re away from home.
- Online & Mobile Access: Manage your account anytime and anywhere through online and mobile banking.
- Balance ConnectTM for Overdraft Protection: To avoid refused purchases, returned checks, or other overdrafts, you may connect your credit card to a Bank of America® business checking account for overdraft protection.
The Bank of America® Advantage in Business Cash Bonuses indefinitely is best for business owners who want to earn unlimited fixed-rate rewards on all purchases regardless of spending categories. This is also a good option if you have an existing business checking account with Bank of America—you’ll earn 75% more cash back on every purchase if you qualify for the highest Preferred Rewards for Business tier.
Advantage in Business Cash Bonuses indefinitely Fees
- For the first nine billing cycles after creating an account, the introductory APR is 0% on purchases.
- Ongoing Annual Percentage Rate (APR): 12.24 percent to 22.24 percent variable (adjusts with prime rate)
- There is no yearly charge.
- Fee for balance transfers: 4% of the transfer amount or $10, whichever is larger.
- Fee for international transactions: 3%
- Fee for cash advances is 4% of the advance or $10, whichever is greater—the APR is 24.24 percent.
Why We Like the Advantage in Business Cash Bonuses indefinitely
- Bonus for registering: You get a $300 statement credit after spending at least $3,000 in net purchases within 90 days of opening an account.
- Fixed-rate rewards: You may earn an infinite number of fixed-rate rewards on each transaction without needing to keep track of your spending categories.
- 75 percent more cash back: If you have a business checking account with Bank of America® and qualify for the highest Preferred Rewards for Business tier, you’ll get 75 percent more cash back.
- Options for flexible redemption: You can redeem your cash back as a deposit into your Bank of America® checking or savings account, as a card statement credit, or as a check mailed to you—cash rewards don’t expire.
- There is no yearly charge.: You can earn rewards on all purchases without having to pay annual fees.
- If you need to make a major purchase, you may take advantage of zero percent introductory APR financing for the first nine billing cycles after creating an account.
What’s Missing From the Advantage in Business Cash Bonuses indefinitely
The Bank of America® Advantage in Business Cash Bonuses indefinitely doesn’t offer zero foreign transaction fees, which is a drawback if you want to use your card to make purchases outside the United States. While it offers unlimited rewards, the cash back rate is lower compared to other fixed-rate rewards business credit cards.
Advantage in Business Travel Benefits The World Mastercard® is the best way to earn travel rewards.
Credit card from Bank of America® Business Advantage Travel Rewards World Mastercard®
Our editorial team uses industry specialists to generate the scores for Fit Small Business. The kind of credit card (cash back or travel) as well as the card’s rates, fees, rewards, and other benefits like insurance are all taken into account in our grading methodology.
Getting the most out of your travel purchases made via Bank of America
Apply Now
on Credit card from Bank of America® Business Advantage Travel Rewards World Mastercard®’s secure website.
Compare with
Intro APR
0% after nine billing cycles
APR on a regular basis
Purchases have a variable APR of 12.24 percent to 22.24 percent.
- Make at least $3,000 in net purchases within 90 days of account creation to earn 30,000 bonus points, which may be used for a $300 statement credit toward travel purchases.
- Earn 1.5 points for every $1 spent on any purchase, anywhere, at any time, regardless of how much you spend. Points do not have an expiration date.
- Earn 3 points for every dollar spent on travel purchases made via the Bank of America® Travel Center, such as a vehicle, hotel, or airline.
- There is no yearly charge. and no international transaction fees.
- For the first nine billing cycles, you’ll get a 0% introductory rate APR on purchases.
- Redeem points for no-blackout-date travel, cash back, or gift cards.
- When you join the Preferred Rewards for Business Platinum Honors tier, you’ll get 75 percent extra points on the basic earn of every transaction. That means you’ll get 2.62 points for every $1 spent at the Bank of America® Travel Center and 4.12 points for every $1 spent elsewhere.
Pros
- There is no yearly charge.: By not having to pay an annual fee, you can reduce your overall credit card cost while earning unlimited rewards on your expenses.
- No travel ban dates: You may use your points to book travel or travel credits via the Bank of America® Travel Center at any time.
- 3x points on travel: When you book your trip (vehicle, hotel, or airline) via the Bank of America® Travel Center, you may earn 3x points for every dollar spent.
- You will get 30,000 bonus points if you can spend $3,000 in net purchases within 90 days of starting an account.
Cons
- Low on-going rewards for non-travel purchases: While you can earn a lot of points on travel, you can only get 1.5x points on anything else.
- Short initial 0% APR duration: The Bank of America Business Advantage Travel Rewards World Mastercard® gives 0% APR for the first nine billing cycles after account creation, which is a drawback if you want a longer 0% APR period.
- There is no promotional 0% APR on balance transfers: The introductory 0% APR applies just to purchases; if you need to transfer a balance from another credit card, you’ll have to pay an APR ranging from 12.24 percent to 22.24 percent.
- Bank of America does not provide the specifics of its extra card features. When you get your card in the mail, go through the benefits guide to learn more about these extra features.
Intro APR
0% after nine billing cycles
APR on a regular basis
Purchases have a variable APR of 12.24 percent to 22.24 percent.
- Make at least $3,000 in net purchases within 90 days of account creation to earn 30,000 bonus points, which may be used for a $300 statement credit toward travel purchases.
- Earn 1.5 points for every $1 spent on any purchase, anywhere, at any time, regardless of how much you spend. Points do not have an expiration date.
- Earn 3 points for every dollar spent on travel purchases made via the Bank of America® Travel Center, such as a vehicle, hotel, or airline.
- There is no yearly charge. and no international transaction fees.
- For the first nine billing cycles, you’ll get a 0% introductory rate APR on purchases.
- Redeem points for no-blackout-date travel, cash back, or gift cards.
- When you join the Preferred Rewards for Business Platinum Honors tier, you’ll get 75 percent extra points on the basic earn of every transaction. That means you’ll get 2.62 points for every $1 spent at the Bank of America® Travel Center and 4.12 points for every $1 spent elsewhere.
Pros
- There is no yearly charge.: By not having to pay an annual fee, you can reduce your overall credit card cost while earning unlimited rewards on your expenses.
- No travel ban dates: You may use your points to book travel or travel credits via the Bank of America® Travel Center at any time.
- 3x points on travel: When you book your trip (vehicle, hotel, or airline) via the Bank of America® Travel Center, you may earn 3x points for every dollar spent.
- You will get 30,000 bonus points if you can spend $3,000 in net purchases within 90 days of starting an account.
Cons
- Low on-going rewards for non-travel purchases: While you can earn a lot of points on travel, you can only get 1.5x points on anything else.
- Short initial 0% APR duration: The Bank of America Business Advantage Travel Rewards World Mastercard® gives 0% APR for the first nine billing cycles after account creation, which is a drawback if you want a longer 0% APR period.
- There is no promotional 0% APR on balance transfers: The introductory 0% APR applies just to purchases; if you need to transfer a balance from another credit card, you’ll have to pay an APR ranging from 12.24 percent to 22.24 percent.
- Bank of America does not provide the specifics of its extra card features. When you get your card in the mail, go through the benefits guide to learn more about these extra features.
Who Would Benefit from a Business Advantage Travel Rewards World Mastercard®?
Business owners that travel regularly and want to earn rewards for travel and dining can apply for the Bank of America® Business Advantage Travel Rewards World Mastercard®. When you book your vacation via the Bank of America® Travel Center, you may earn 3x points and pay no international transaction fees on purchases made outside of the US.
If you want to redeem points for travel at the Bank of America Travel Center, as a statement credit to offset travel and dining-related expenditures, cash back, or gift cards, the Bank of America® Business Advantage Travel Rewards World Mastercard® is a terrific alternative. If you fly with any airline, this card is the best option. Consider the Bank of America® Alaska Airlines Business Credit Card if you’re a regular Alaska Airlines flier.
Fees associated with the Business Advantage Travel Rewards World Mastercard®
- On purchases, the introductory APR is 0% for the first nine billing cycles.
- Ongoing APR: Variable from 12.24 percent to 22.24 percent—changes with the prime rate
- There is no yearly charge.
- Fee for balance transfers: Either 4% of the transfer amount or $10, whichever is larger.
- Fees for international transactions: none
- Fee for cash advances is 4% of the advance or $10, whichever is greater—the APR is 24.24 percent.
Why Do We Appreciate the Competitive Advantage? Mastercard® Travel Rewards World
- Bonus for registering: Earn 30,000 bonus points when you spend at least $3,000 in net purchases within 90 days of opening an account—redeem for a $300 credit towards travel purchases on your monthly bill.
- When you book a rental vehicle, hotel stay, or airfare via the Bank of America® Travel Center, you’ll earn 3 points for every dollar spent.
- If you hold a business checking account with Bank of America® and qualify for the highest Preferred Rewards for Business tier, you may earn up to 75 percent more points.
- 0% initial APR: For the first nine billing cycles after creating an account, you may get a 0% introductory rate APR.
- There is no yearly charge.: Earn unlimited rewards on your expenses without having to pay an annual fee.
- No travel ban dates: You may use your points to book travel or travel credits via the Bank of America® Travel Center at any time.
Because it has less fees than other travel rewards business credit cards, the Bank of America® Business Advantage Travel Rewards World Mastercard® made our list of the best business credit cards for travel.
What the Business Advantage Travel Rewards World Mastercard® Doesn’t Have
On non-travel-related expenditures, the Bank of America® Business Advantage Travel Rewards World Mastercard® does not give premium rewards; instead, you may only earn 1.5x points on all other purchases. In addition, the promotional APR of 0% applies solely to purchases, not balance transfers.
Alaska Airlines Business Credit Card Is Ideal For Alaska Airlines Frequent Flyers
Visa® Business Credit Card from Alaska Airlines
Our editorial team uses industry specialists to generate the scores for Fit Small Business. The kind of credit card (cash back or travel) as well as the card’s rates, fees, rewards, and other benefits like insurance are all taken into account in our grading methodology.
Alaska Airlines offers travel awards.
Apply Now
on Visa® Business Credit Card from Alaska Airlines’s secure website.
Compare with
APR on a regular basis
Purchases have a variable APR of 15.99 percent to 23.99 percent.
Annual Fee
$50 for the business and $25 for each card
- This deal includes 40,000 bonus miles as well as Alaska’s Famous Companion Fare starting at $121 ($99 fare plus taxes and fees starting at $22). Make purchases totaling $2,000 or more during the first 90 days of creating your account to qualify.
- Every year, Alaska’s Famous Companion FareTM starts at $121 ($99 plus $22 in taxes and fees). That’s true, every year on your account anniversary, you’ll get a companion ticket starting at $121 ($99 + $22 in taxes and fees). There are no blackout dates on any Alaska flights booked on alaskaair.com.
- On Alaska flights, you and up to six other passengers on the same ticket may get a free checked bag.
- For every $1 spent directly on Alaska Airlines goods, you’ll earn 3 miles, and for every $1 spent on anything else, you’ll get 1 mile.
- When you pay with your card, you’ll get 50% off Alaska Lounge day tickets and 20% back on in-flight food, beverage, and Wi-Fi purchases.
- When you redeem miles for hotel stays at more than 400,000 establishments with Alaska Airline Hotels, you’ll get special access to reduced redemption levels.
- There are no blackout dates and no foreign transaction fees when you earn limitless miles and travel.
- Enjoy many money-saving benefits, 800-plus destinations, more than a dozen global airline partners, and a low annual fee of $50 for the business and $25 for each card.
Pros
- Bonus for registering
- Companion fare is discounted.
- Checked baggage is complimentary.
Cons
- Employee identification cards aren’t free.
- There is no preamble. APR is zero percent.
- There is no free yearly charge at this time.
Bank of America does not provide specific information on the characteristics of their credit cards. Complete benefit information may be found in your benefit guide:
- Get a free checked bag for you and up to six other guests on the same reservation.
- Purchase security: If you have bought things that have been stolen or damaged, Bank of America may replace, repair, or refund you.
- Extra warranty coverage: In addition to the manufacturer’s warranty, you’ll get an additional warranty coverage term.
- Collision damage waiver for car rentals: When you use the card for the full transaction, you’ll get coverage for car rentals.
- Travel & Emergency Assistance Services: Travel accident insurance up to $1 million and emergency ticket replacement are included.
APR on a regular basis
Purchases have a variable APR of 15.99 percent to 23.99 percent.
Annual Fee
$50 for the business and $25 for each card
- This deal includes 40,000 bonus miles as well as Alaska’s Famous Companion Fare starting at $121 ($99 fare plus taxes and fees starting at $22). Make purchases totaling $2,000 or more during the first 90 days of creating your account to qualify.
- Every year, Alaska’s Famous Companion FareTM starts at $121 ($99 plus $22 in taxes and fees). That’s true, every year on your account anniversary, you’ll get a companion ticket starting at $121 ($99 + $22 in taxes and fees). There are no blackout dates on any Alaska flights booked on alaskaair.com.
- On Alaska flights, you and up to six other passengers on the same ticket may get a free checked bag.
- For every $1 spent directly on Alaska Airlines goods, you’ll earn 3 miles, and for every $1 spent on anything else, you’ll get 1 mile.
- When you pay with your card, you’ll get 50% off Alaska Lounge day tickets and 20% back on in-flight food, beverage, and Wi-Fi purchases.
- When you redeem miles for hotel stays at more than 400,000 establishments with Alaska Airline Hotels, you’ll get special access to reduced redemption levels.
- There are no blackout dates and no foreign transaction fees when you earn limitless miles and travel.
- Enjoy many money-saving benefits, 800-plus destinations, more than a dozen global airline partners, and a low annual fee of $50 for the business and $25 for each card.
Pros
- Bonus for registering
- Companion fare is discounted.
- Checked baggage is complimentary.
Cons
- Employee identification cards aren’t free.
- There is no preamble. APR is zero percent.
- There is no free yearly charge at this time.
Bank of America does not provide specific information on the characteristics of their credit cards. Complete benefit information may be found in your benefit guide:
- Get a free checked bag for you and up to six other guests on the same reservation.
- Purchase security: If you have bought things that have been stolen or damaged, Bank of America may replace, repair, or refund you.
- Extra warranty coverage: In addition to the manufacturer’s warranty, you’ll get an additional warranty coverage term.
- Collision damage waiver for car rentals: When you use the card for the full transaction, you’ll get coverage for car rentals.
- Travel & Emergency Assistance Services: Travel accident insurance up to $1 million and emergency ticket replacement are included.
Who Should Apply for the Alaska Airlines Business Credit Card?
Business owners who often fly Alaska Airlines should apply for the Bank of America® Alaska Airlines Business Credit Card. Premium awards may be earned on Alaska Airlines purchases and redeemed on any of the company’s 1,200 daily flights to over 1,000 locations with more than a dozen worldwide airline partners.
The Bank of America® Visa® Business Credit Card from Alaska Airlines is also a great option if you check bags, as it offers free checked baggage for you and up to six other travel companions. If you travel frequently but don’t typically fly on Alaska Airlines, you may benefit more from the Bank of America® Business Advantage Travel Rewards World Mastercard®.
Fees for using an Alaska Airlines business credit card
- APR for the first time: None
- Ongoing APR: Variable (15.99 percent to 23.99 percent)—adjusts with prime rate
- Fees are $50 per firm and $25 per card every year.
- Balance transfer fee: $10 or 4% of each transaction’s value, whichever is larger.
- Fees for international transactions: none
- Cash advance fee: $10 or 4% of each transaction’s total amount, whichever is greater—APR is 24.24 percent.
The Alaska Airlines Business Credit Card: Why We Like It
- Bonus for registering: You can get 60,000 Bonus Miles and Alaska’s Famous Companion Fare™ Offer from $121 when you spend at least $3,000 within 90 days of opening an account.
- Premium benefits: For every dollar spent directly on Alaska Airlines purchases, you may earn 3 miles.
- Annual companion fare: On your account anniversary, you’ll get Alaska’s Famous Companion FareTM, which lets you to book a companion ticket for only $121.
- Free checked bag: You and up to six travel companions on the same reservation will each get a free checked bag every flight, which equates to a $60 roundtrip airfare discount per person.
- When you pay with your Alaska Airlines Business Credit Card, you’ll get 50 percent off day passes at the Alaska Lounge and 20% back on all Alaska Airlines in-flight purchases.
- No foreign transaction fee: You will not be charged a foreign transaction fee if you use your credit card to make transactions outside of the United States.
What Does the Alaska Airlines Business Credit Card Lack?
Among all of the Bank of America business credit cards, only the Bank of America® Alaska Airlines Business Credit Card charges an annual fee. Also, Employee identification cards aren’t free.—you need to pay $25 per additional card on top of the $50 annual fee. Additionally, this small business credit card doesn’t offer a 0% introductory rate APR period.
Best For Low annual percentage rate (APR) Platinum Plus® Mastercard® Business Card
Business card from Bank of America® Platinum Plus® Mastercard®
Our editorial team uses industry specialists to generate the scores for Fit Small Business. The kind of credit card (cash back or travel) as well as the card’s rates, fees, rewards, and other benefits like insurance are all taken into account in our grading methodology.
Business purchases may be financed at a low interest rate.
Apply Now
On the secure website of Bank of America
Compare with
Intro APR
0% for the first seven billing cycles
APR on a regular basis
On purchases, the variable APR ranges from 10.24% to 21.244%.
- When you spend $3,000 in net purchases within 90 days of starting your account, you’ll get a $300 statement credit.
- With a low purchase APR, you may save money on interest.
- There is no yearly charge.
- For the first seven billing cycles, you’ll get a 0% introductory rate APR on purchases.
- Employee cards are available at no extra cost and with credit limitations that you specify.
Pros
- Low annual percentage rate (APR)
- 0% introductory rate APR
- There is no yearly charge.
- Bonus for registering of $300
Cons
- There are no continuing incentives.
- Balance transfers are not included in the 0% APR.
- The interest-free term is shorter than with other credit cards.
- Bank of America does not provide the specifics of its extra card features. When you get your card in the mail, go through the benefits guide to learn more about these extra features.
Intro APR
0% for the first seven billing cycles
APR on a regular basis
On purchases, the variable APR ranges from 10.24% to 21.244%.
- When you spend $3,000 in net purchases within 90 days of starting your account, you’ll get a $300 statement credit.
- With a low purchase APR, you may save money on interest.
- There is no yearly charge.
- For the first seven billing cycles, you’ll get a 0% introductory rate APR on purchases.
- Employee cards are available at no extra cost and with credit limitations that you specify.
Pros
- Low annual percentage rate (APR)
- 0% introductory rate APR
- There is no yearly charge.
- Bonus for registering of $300
Cons
- There are no continuing incentives.
- Balance transfers are not included in the 0% APR.
- The interest-free term is shorter than with other credit cards.
- Bank of America does not provide the specifics of its extra card features. When you get your card in the mail, go through the benefits guide to learn more about these extra features.
Who Should Get a Platinum Plus® Mastercard® Business Card?
The Business card from Bank of America® Platinum Plus® Mastercard® is best for business owners who need to carry a balance and want a low-interest credit card. This card offers a Low annual percentage rate (APR) that ranges from 10.24% to 21.24%, which is below the average APR.
Fees on the Platinum Plus® Mastercard® Business Card
- For the first seven billing cycles after creating an account, the introductory APR is 0% on purchases.
- Ongoing Annual Percentage Rate (APR): 10.24 percent to 21.24 percent variable, based on prime rate.
- There is no yearly charge.
- Balance transfer fee: $10 or 4% of each transaction’s value, whichever is larger.
- Fee for international transactions: 3%
- Cash advance fee: $10 or 4% of each transaction’s total amount, whichever is greater—APR is 24.24 percent.
The Platinum Plus® Mastercard® Business Card is one of our favorites.
- Bonus for registering: Get a $300 statement credit after you spend $3,000 within the first 90 days of opening an account.
- Low annual percentage rate (APR): This card is a great option if you need to carry a balance because it comes with a Low annual percentage rate (APR) compared to other business credit cards.
- There is no yearly charge.: You can use your card, carry a balance, and pay a Low annual percentage rate (APR) without having to pay an annual fee.
- 0% introductory rate APR: You can take advantage of interest-free financing for the first seven billing cycles after opening an account.
What Is the Platinum Plus® Mastercard® Business Card Missing?
The Business card from Bank of America® Platinum Plus® Mastercard® doesn’t offer ongoing rewards—this means you won’t earn any cash back or points rewards from your purchases. Moreover, the 0% introductory rate APR is only for seven months, which is shorter than that of most other business credit cards.
Which Bank of America Business Credit Card Should You Get?
One of the advantages of Bank of America business cards is that they come with fewer fees compared to other small business credit cards. Bank of America offers cards with cash back rewards, travel rewards, no-interest financing, There is no yearly charge., and Low annual percentage rate (APR)s. The best Bank of America credit card will depend on your business’ rewards preference, spending habits, and whether you’ll need to carry a balance.
When determining which Bank of America business credit card is best for your company, keep the following considerations in mind:
1. Your Favorite Rewards
To figure out which Bank of America business credit card is best for you, you must first figure out what kind of benefits your company need. Business credit cards from Bank of America provide cash back or travel benefits. The Platinum Plus® Mastercard® Business Card, on the other hand, does not provide continuous benefits.
Depending on your airline selection, you may earn travel rewards with either the Business Advantage Travel Rewards World Mastercard® or the Alaska Airlines Business Credit Card. It’s worth noting that the Alaska Airlines Business Credit Card comes with an annual fee, but the Business Advantage Travel Rewards World Mastercard® does not.
For cash back rewards, you can choose between the Business Advantage Customized Cash Rewards and the Advantage in Business Cash Bonuses indefinitely. The right Bank of America cash back credit card will depend on whether you want to monitor your spending categories or prefer to earn unlimited fixed-rate cash back.
2. Your Expenditure Patterns
Your company’ spending patterns are another aspect that will decide which Bank of America business credit card is appropriate for you. Depending on where you spend the most, you can profit more from the Business Advantage Travel Rewards World Mastercard® or the Business Advantage Customized Cash Rewards, depending on where you spend the most.
3. Interest-Free Credit
Aside from the Alaska Airlines Business Credit Card, the other four Bank of America credit cards offer a 0% introductory rate APR. If you plan to make a large purchase, you can take advantage of the interest-free financing offered by these cards. However, the introductory 0% APR offered by the Platinum Plus® Mastercard® Business Card is only for seven months, while the others offer up to nine months.
4. Fees for each year
Most Bank of America business credit cards come with There is no yearly charge., except for the Alaska Airlines Business Credit Card, which charges a $50 annual fee plus $25 for each additional employee card. Annual fees can add to your overall cost, so this is something that you should consider when choosing the best Bank of America business credit card.
To find other credit cards with There is no yearly charge., visit our guide to the best business credit cards with There is no yearly charge..
5. Annual Performance Reviews (APRs) that are still in progress
If you need to carry a balance from time to time, it’s better to consider a credit card that has a Low annual percentage rate (APR). The Platinum Plus® Mastercard® Business Card offers the lowest APR among all of the Bank of America business credit cards (10.24% to 21.24%). However, it’s important to note that this card does not offer ongoing rewards.
Conclusion
Bank of America offers a variety of business credit cards with Bonus for registeringes. The best Bank of America business card for you depends on what type of rewards you want to earn, your spending habits, if you need no-interest financing, or if you need a credit card with a Low annual percentage rate (APR).
The “bank of america business credit card limit” is a website that allows users to see the different limits for the bank of America Business Credit Cards. The site also provides an overview of each card and its benefits.
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