4 Best Bank of America Business Credit Cards

Jodie Price

By Jodie Price | Updated October 3, 2025

Choosing the right business credit card can make everyday expenses more rewarding and help manage cash flow with ease. Bank of America offers several strong options designed for different business needs so business owners can quickly see which one fits their goals.

  • Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® Credit Card

    This card gives small business owners a simple way to earn consistent rewards on every purchase. It focuses on ease of use and steady value without requiring frequent category tracking.

    It can also serve as a good supporting card for businesses that already use other rewards cards. With Bank of America’s Preferred Rewards program, the card’s value can increase for eligible customers.

    Earning Structure:

    • Unlimited 1.5% cash back on all purchases

    Welcome Bonus:

    New cardholders can receive a $300 online statement credit after spending $3,000 in the first three months.

    Card Details:

    • Annual fee: None
    • APR: 17.49%–27.49% variable
    • Other benefits: Access to account management tools
    • Network: Mastercard
    • Type: Business credit card
    • Foreign transaction fees: 3% of each transaction
    • Additional features: Option for employee cards at no extra cost

    Key Benefits:

    • No annual fee to maintain the card
    • Flat-rate cash back on every purchase
    • Potential for higher rewards with Preferred Rewards
    • Simple structure with no category restrictions
    • Employee cards available for free

    Redemption Options:

    Cash back can be redeemed as a statement credit, deposited into a Bank of America account, or applied toward eligible business expenses.

    Credit Requirements:

    Applicants typically need excellent credit to qualify, with a FICO score of 740–850.

    Spending Limitations / Potential Drawbacks:

    The card charges foreign transaction fees, which makes it less useful for frequent international spending.

    Why it Works for Beginners:

    Its flat-rate cash back and no annual fee make it easy for new business owners to manage rewards without complexity.

  • Bank of America® Business Advantage Travel Rewards World Mastercard® Credit Card

    This card is built for business owners who want to earn travel rewards on everyday expenses. It offers flexible redemption options that make it useful for companies with frequent travel needs.

    Cardholders can earn points on a wide range of purchases without worrying about rotating categories. The card also provides tools to help manage employee spending and track business expenses.

    Earning Structure:

    • Unlimited 1.5 points for every $1 spent

    Welcome Bonus:

    New cardholders can earn 30,000 online bonus points after spending $3,000 in the first three months of membership.

    Card Details:

    • Annual fee: None
    • APR: 17.49%–27.49% variable
    • Other benefits: Expense management tools, employee cards at no extra cost
    • Network: Mastercard
    • Type: Business credit card
    • Foreign transaction fees: None
    • Additional perks: Travel and emergency assistance services

    Key Benefits:

    • No annual fee to maintain the card
    • Unlimited 1.5x points on all purchases
    • Higher rewards for travel booked through Bank of America
    • No foreign transaction fees
    • Employee cards at no extra cost

    Redemption Options:

    Points can be redeemed for a $300 statement credit applied to travel or dining purchases.

    Credit Requirements:

    Applicants need excellent credit to qualify, with a FICO score of at least 740.

    Spending Limitations / Potential Drawbacks:

    Rewards are strongest when used for travel, so those who prefer cash back may find better options elsewhere.

    Why it Works for Beginners:

    The card is simple to use with flat-rate rewards and no annual fee, making it easy for new business owners to manage.

  • Bank of America® Platinum Plus® Mastercard® Business Card

    The Bank of America® Platinum Plus® Mastercard® Business Card is designed for small business owners who want a simple card without complex reward structures. It focuses on practical features that support everyday business spending. It offers essential protections and tools that can help manage business expenses more efficiently.

    Earning Structure:

    • This card does not focus on earning points or cash back.

    Welcome Bonus:

    Earn a $300 online statement credit after spending $3,000 in the first three months of card membership.

    Card Details:

    • Annual fee: None
    • APR: 15.49%–26.49% variable
    • Other benefits: Travel and emergency assistance, auto rental insurance, employee cards at no extra cost
    • Network: Mastercard
    • Type: Business credit card
    • Foreign transaction fees: 3%
    • Additional features: Online account management tools and security protections

    Key Benefits:

    • No annual fee to maintain the card
    • Low ongoing APR for purchases
    • Free employee cards with spending controls
    • Travel and purchase protection features
    • Access to business management tools

    Redemption Options:

    Since this card does not earn rewards, there are no redemption options to manage.

    Credit Requirements:

    Applicants generally need good to excellent credit to qualify.

    Spending Limitations / Potential Drawbacks:

    The lack of rewards or cash back may not appeal to businesses seeking to earn value from purchases.

    Why it Works for Beginners:

    Its no annual fee and simple structure make it a practical starting point for new business owners.

  • Bank of America® Business Advantage Customized Cash Rewards Mastercard® Credit Card

    This card gives small business owners flexible cash back rewards that can be tailored to their spending habits. It is designed for those who want to earn more in categories that matter most to their business.

    Cardholders can adjust their top earning category to match changing expenses. This flexibility makes it useful for businesses with variable costs throughout the year.

    Earning Structure:

    • 3% cash back in one chosen category (such as gas, office supply stores, or travel)
    • 2% cash back on dining purchases
    • 1% cash back on all other purchases

    Welcome Bonus:

    New cardholders can earn a $300 online statement credit after spending $3,000 within the first three months of membership.

    Card Details:

    • Annual fee: None
    • APR: 17.49%–27.49% variable
    • Other benefits: 0% intro APR on purchases for the first 9 billing cycles
    • Network: Mastercard
    • Type: Business credit card
    • Foreign transaction fees: 3%
    • Rewards customization: Ability to change 3% category each month

    Key Benefits:

    • No annual fee to maintain the card
    • Flexible 3% category selection
    • Introductory 0% APR on purchases
    • Cash back rewards never expire
    • Access to Bank of America Preferred Rewards for higher earnings

    Redemption Options:

    Cash back can be redeemed as a statement credit, direct deposit into a Bank of America account, or for gift cards.

    Credit Requirements:

    Applicants generally need excellent credit to qualify, with a FICO score of 740–850.

    Spending Limitations / Potential Drawbacks:

    Earnings in the 3% and 2% categories are capped at a set spending limit each quarter, after which purchases earn 1%.

    Why it Works for Beginners:

    It is simple to use, has no annual fee, and provides flexible rewards that can adapt to different business needs.

Frequently Asked Questions

Why are Bank of America business credit cards popular with small business owners?

They offer straightforward rewards programs with several no-annual-fee options, making them budget-friendly. Built-in expense management tools simplify tracking and reporting for daily operations. These features make them practical for businesses that want easy rewards without extra costs.

What are the eligibility requirements for a Bank of America business credit card?

Applicants usually need to own or operate a business and provide details such as business name, tax identification number, and revenue information. An excellent personal credit score often strengthens approval chances. Lenders may also look at the length of time in business and overall financial health.

Is the Preferred Rewards for Business program worth joining?

Yes, it can significantly increase rewards by offering bonus earnings of up to 75% for qualified customers. Businesses with substantial Bank of America deposits or investments see the most benefit. The program adds long-term value for companies that maintain higher account balances.

What are the interest rates and fees associated with Bank of America business credit cards?

Interest rates vary by card and creditworthiness, usually starting with a variable APR. Some cards charge no annual fee, while others may include foreign transaction fees. Late payment and balance transfer fees also apply depending on the card.

How do Bank of America business credit cards compare to similar cards from other banks?

They stand out for multiple no-annual-fee options and clear, flat-rate rewards that simplify earning. Built-in expense management tools and a wide branch network make them convenient for both online and in-person banking. These features give Bank of America an advantage even without considering the Preferred Rewards program.