Bank of America Business Credit Cards
Business services offered by Bank of America include business credit cards, checking and savings accounts, merchant services, and online banking. Their business credit cards feature cash back, travel rewards, or low interest rates.
Two of B of A’s reward credit cards are Business Advantage Cash Rewards Mastercard® and Business Advantage Travel Rewards World Mastercard®.
The Cash Rewards card offers a cash sign up credit after you spend $500 in purchases within 60 days of account opening. There’s no annual fee, plus earn 3% cashback on purchases at gas stations and office supply stores, 2% at restaurants, and 1% on all other purchases, with a $250,000 annual cap on the higher cash back rates (reduces to 1% after you reach the cap).
The Travel Rewards card earns an unlimited 1.5 points for every $1 you spend on purchases, with no limit. Earn a points bonus when you spend $1,000 in the first 60 days of account open. Earn three points per dollar when you book travel through the Bank of America travel center. Additional benefits include no annual fee, no international transaction fees, and an 0% introductory APR offer.
Will a business credit card from Bank of America affect my credit scores?
Bank of America business credit cards report both positive and negative payment history to the Small Business Financial Exchange (SBFE), thus your payment activity may show up on your business credit reports. They will not report any of your payment activity to personal credit reporting agencies, even if you have delinquent payments on the card.