Bank Of America Business Advantage Travel Rewards World Mastercard Review

Bank Of America Business Advantage Travel Rewards World Mastercard Overview

The Bank of America Business Advantage Travel Rewards World Mastercard has a name so long that this site’s SEO title field can’t even handle the whole thing. Contained within the laborious name, however, is the card’s purpose: bestowing rewards on the global business traveler.

With the Business Advantage Travel Rewards World Mastercard, you earn 1.5 points for every dollar spent on all purchases with no limits, and your points never expire. But the real points earnings comes when it’s time to travel. You’ll earn 3 points for every dollar spent on all travel purchases made via the Bank of America Travel Center, BofA’s travel booking portal.

Combine this with no annual fees, no foreign transaction fee, and some nice signup perks (see below), and you have the makings of a formidable business travel rewards card. Read on to find out if the Business Advantage Travel Rewards World Mastercard justifies the amount of time embattled credit card reviewers have to spend typing out its name.

Business Advantage Travel Rewards World Mastercard At A Glance

Eligibility

Applicants typically must have excellent credit to be approved for the Business Advantage Travel Rewards World Mastercard.

Rewards & Fees

• The Business Advantage Travel Rewards World Mastercard has no annual fee and no foreign transaction fees
• The card’s nine-month introductory 0% APR period lets you initially make business purchases without worrying about interest
• The intro 0% APR does not apply to balance transfers
• Earn 3X points on all travel booked through BofA’s travel portal
• Earn 1.5X points on all other purchases
• With the 25% – 75% rewards bonus you get by enrolling in the Business Advantage Relationship Rewards program, earn up to 2.62 points on all purchases

Businesses with BofA bank accounts who are enrolled in BofA’s recently-created Business Advantage Relationships Rewards Program can earn a 25% – 75% rewards bonus on the base earn of every purchase. It’s a cool bonus for existing BofA customers seeking to extract more value from the Business Advantage Travel Rewards World Mastercard’s rewards program. Play your cards right and you can earn up to 2.62 points to the dollar on your purchases. Not too shabby! If you happen to have a Bank Of America checking/savings account, be sure to enroll in this program if you’re looking to apply for this card.

When you book your travel through the Bank Of America Travel Center, you’ll earn 3 points for every dollar spent on travel. It’s quite the deal for the frequent business traveler. By contrast, most business travel rewards cards give you 2 points to the dollar on travel purchases — at best. What’s more, there are no blackout dates nor any other travel restrictions.

Redeeming Rewards

Points earned via the Business Advantage Travel Rewards card are worth 1 cent apiece when redeemed for a statement credit to pay for travel, which includes flights, hotels, vacation packages, cruises, rental cars and baggage fees. Unfortunately, you’ll get less value for your points if you redeem them for cash (2,500 points earn $15) or gift cards (3,500 points get you a $25 gift card). If you’re looking to use the bulk of your points on non-travel rewards, you should really use a different card.

Benefits

According to BofA’s site, the Business Advantage Travel Rewards World Mastercard entitles you to the following rewards:

• Cash flow management tools
• Online and mobile access
• Travel and emergency services
  • $1,000,000 in travel accident insurance
  • Emergency ticket replacement
  • Lost luggage reimbursement
  • Trip cancellation coverage
  • Trip delay reimbursement
• Zero liability protection for unauthorized transactions
• Overdraft protection
• Fraud monitoring
• Paperless statement option

What’s more, the card carries no foreign transaction fee. It wouldn’t be much of a “World” Mastercard if it did, now would it?

Business Advantage Travel Rewards World Mastercard vs. Captial One Spark Miles for Business

In contrast with the Business Advantage Travel Rewards card, the Captial One Spark Miles for Business card carries an annual fee of $95 after the first year. On the plus side, you’ll get 2 miles for every dollar spent on all purchases, not just travel purchases. You’ll also get a superior signup bonus: 50,000 miles once you spend $4,500 on purchases within 3 months.

Additionally, your points, which will never expire, can sometimes be transferred to other Capital One rewards programs, so you’re given a bit more flexibility in how you use your points. Read our review of the Capital One Spark Miles for Business card to learn more.

Final Verdict

Few travel rewards cards will see you earning points for travel at the rate of BofA’s Business Advantage Travel Rewards World Mastercard, provided you book your travel through Bank of America’s travel website. Earning 3 points per dollar on such travel purchases will see you quickly scoring those points if you travel frequently for business. However, it’s not the most flexible travel rewards card out there — some competing cards give you more ways to earn a high rate of points.

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