Bank of America Business Credit Cards Round-Up

Editorial Note: Intuit Credit Karma receives compensation from third-party advertisers, but that doesn’t affect our editors’ opinions. Our third-party advertisers don’t review, approve or endorse our editorial content. Information about financial products not offered on Credit Karma is collected independently. Our content is accurate to the best of our knowledge when posted.

We think it's important for you to understand how we make money. It's pretty simple, actually. The offers for financial products you see on our platform come from companies who pay us. The money we make helps us give you access to free credit scores and reports and helps us create our other great tools and educational materials.

Compensation may factor into how and where products appear on our platform (and in what order). But since we generally make money when you find an offer you like and get, we try to show you offers we think are a good match for you. That's why we provide features like your Approval Odds and savings estimates.

Of course, the offers on our platform don't represent all financial products out there, but our goal is to show you as many great options as we can.

This offer is no longer available on our site: Capital One Spark Cash Plus

Compare Bank of America business credit cards

	Bank of America® Business Advantage Travel Rewards World Mastercard® credit card	Bank of America® Platinum Plus® Mastercard® Business card
Annual fee	$0	$0
Intro purchase APR offer	0% intro APR on purchases for the first 9 billing cycles	0% intro APR on purchases for the first 7 billing cycles
Regular variable purchase APR	18.49% - 28.49%	16.49%–27.49%
Sign-up bonus	30,000 bonus points after making $3,000 in net purchases within 90 days of account opening	$300 statement credit after making $3,000 in net purchases within 90 days of account opening
Ongoing rewards	1.5 points per $1 spent on all purchases	None
Foreign transaction fee	$0	3%

At first glance, these cards may look similar — but each one comes with very different benefits. We’ll walk you through the benefits each card offers so you can choose the one that works best for you and your business.

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

What you need to know about each card

Because these cards offer different benefits, consider each one before making your choice.

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

The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card is designed for the business owner on the road. It comes with a good rewards program for travel and the option to earn even more points when you book travel through the bank’s travel center.

Earn 1.5 points for every $1 spent on purchases.
You can redeem points for a statement credit to offset dining and travel purchases, travel, cash or gift cards.
Points redeemed for travel credits are worth $0.01 each — so 25,000 points equals $250 in travel credits.
You can redeem points for cash at a lower rate of $0.006 — so 25,000 points equals $150 in cash.

And if you travel overseas for business, you can take this card internationally without worrying — the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card charges a $0 foreign transaction fee.

You can earn a 25% to 75% bonus on earned points through the Preferred Rewards for Business program, depending on whether you’re a Gold, Platinum or Platinum Honors tier member.

Bank of America® Platinum Plus® Mastercard® Business card

The Bank of America® Platinum Plus® Mastercard® Business card doesn’t have an ongoing rewards program. But it does offer new cardholders a $300 statement credit after making at least $3,000 in net purchases on the card within the first 90 days of account opening.

It also comes with the lower regular purchase APR between the two cards. So if a business owner qualifies for the lowest rate, it could be helpful if they need to carry a balance from month to month.

This card offers a 0% intro purchase APR for the first seven billing cycles, which could help your business with startup costs. After the intro period ends, the card has a variable purchase APR of 16.49% to 27.49% based on your credit profile. Note that the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card has a slightly longer intro purchase APR offer.

Without any rewards program, the Bank of America® Platinum Plus® Mastercard® Business card lags behind in this category. If your business has recurring regular expenses, you could be missing out on earning valuable rewards each month.

How to pick the right card for you

If you’re on the road a lot and the majority of your spending comes from travel, the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card is a good option.

With a rewards rate of 1.5 points per $1 spent on all purchases, travel rewards can stack up quickly. But using the rewards on this card for purchases other than travel doesn’t offer the best benefits.

This card becomes even more valuable if you’re a member of the Preferred Rewards for Business program.

The Bank of America® Platinum Plus® Mastercard® Business card lags behind the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card. Without an ongoing rewards program, you could potentially be losing out on valuable cash back or travel rewards. You might be better off choosing a credit card that offers rewards for what you regularly spend your money on.

Not sure either of these cards is for you? Consider these alternatives.

If none of these credit cards are right for you, consider one of these business cards instead.

The Blue Business® Plus Credit Card from American Express: If you’re looking for a business credit card with a longer intro purchase APR offer, this could be a contender.
Capital One Spark Cash Plus: If you want a no-hassle cash back card that doesn’t require juggling categories, this card could be a good fit.
Ink Business Preferred® Credit Card: Do you spend significantly on travel? This card allows for more bonus rewards.

About the author: Erica Gellerman is a personal finance writer with an MBA in marketing and strategy from Duke University. She’s also the founder of The Worth Project: a weekly money newsletter you actually want to read. Her work has b… Read more.