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The Best Bank of America Business Credit Cards

The Best Bank of America Business Credit Cards

If you want to provide a business credit card by doing business in a country like the USA, then you will get all the information about it systematically on our page, which will save you time and you will be able to use this card to the fullest.

When it comes to credit cards, Bank of America has some great selections, and its modestly sized range of business credit cards includes some terrific choices. The top Bank of America business credit cards, sorted by category, are shown below.

The Best Business Credit Cards from Bank of America

Bank of America Customized Cash Rewards Credit Cards

Credit card from Bank of America Business Advantage with Unlimited Cash Rewards

With a secured credit limit ranging from $1,000 to $10,000, no annual fee, and additional convenience features, the Bank of America Business Advantage Unlimited Cash Rewards Secured credit card wins a spot at the top of our list of the best-secured business credit cards.

Earn 1.5% cash back on all purchases as a reward.

Welcome Bonus:  There isn’t one available with this card.

Annual Cost: 0

Special Promotion: 25.24% Variable APR

Advantages and Drawbacks:

Although the Bank of America Business Advantage Unlimited Cash Rewards Secured credit card requires a deposit of at least $1,000 to qualify as a secured card, it offers convenience features like automatic payments and the option to download transactions directly into Quickbooks. The card might eventually give small firms the chance to graduate to an unsecured card if they can afford to put $1,000 toward establishing company credit.

The benefits of the card don’t compete with those of major unsecured cards because they include $100,000 in travel accident insurance, auto rental collision damage waiver, emergency ticket replacement, lost-luggage assistance, legal and medical referrals while away from home, purchase an extended warranty protections, and a $0 fraud liability.

However, it will be difficult to find many better options for a protected card.

Credit card from Bank of America with Business Advantage Customized Cash Rewards 

For small firms with fluctuating expenditure, the Bank of America Business Advantage Customized Cash Rewards Mastercard.is a good choice. For companies that can qualify for Bank of America’s Preferred Rewards programme, the card offers a bonus on earnings.

Rewards: 

Receive limitless 1% cash back on all other purchases and 3% cash back in the category of your choice. On the first $50,000 in combined chosen category/dining purchases each calendar year, earn 3% and 2% cash back, and 1% on any additional purchases.

Earn $300 in statement credits online as a welcome prize after making at least $3,000 in net purchases within the first 90 days of starting your account.

Annual Cost: 0

The bonus expenditure categories have an annual spending maximum, which may be restrictive for companies with a lot of expenses. This card is not recommended for usage overseas because it also has a foreign transaction fee.

Best Bank Of America Student Credit Card

Credit card from Bank of America with Business Advantage Unlimited Cash Rewards 

Businesses can think about using the Bank of America Business Advantage Unlimited Cash Rewards Mastercard. credit card if they want to earn straightforward, flat-rate cash back.

Earn 1.5% cash back on all purchases as a reward.

Welcome Offer: After making at least $3,000 in net purchases during the first 90 days of account activation, you’ll receive a $300 statement credit online bonus.

Annual Cost: 0

Advantages and Drawbacks: 

This card is a strong competitor for a flat-rate cash-back card because its benefits can be increased by 25% to 75% for companies who can join Bank of America’s Preferred Rewards programme. The Unlimited Cash Business also offers a 0% introductory APR on purchases for nine billing cycles, followed by a variable APR ranging from 15.24% to 25.24% on both purchases and balance transfers. There is a $10 balance transfer fee, or 4% of each transaction’s value, whichever is higher.

Credit card from Bank of America with Business Advantage Travel Rewards and a World Mastercard. 

With no annual fee, the Bank of America Business Advantage Travel Rewards World Mastercard. a credit card provides a reliable business rewards choice. This card offers helpful travel-related bonuses and has no foreign transaction fees because it wants to go on vacation with you.

Bank of America Travel Rewards Credit Card

Rewards: Earn 1.5 points for every dollar spent on all other purchases and 3 points for every dollar spent on travel arrangements made through the Bank of America Travel Center.

Earn 30,000 online bonus points after making at least $3,000 in net purchases within the first 90 days of opening your account, according to the welcome offer.

Annual Cost: 0

Advantages and Drawbacks:

A number of travel-related benefits are provided by the Bank of America Business Advantage Travel Rewards World Mastercard  credit card, including travel accident insurance, lost luggage insurance, trip cancellation insurance, and trip delay insurance. Even though there are cards with additional features already built in, these benefits are nonetheless notable for a credit card without an annual charge.

Visa Business Credit Card from Alaska Airlines

The Alaska Airlines Visa Business Credit Card can be a sensible option for companies with frequent travelers that are headquartered on the West Coast. Due to Alaska’s lenient award stopover policies and extensive network of international airline partners, Alaska Airlines Mileage Plan miles are among the most valuable airline miles; however, award redemption policies may be restrictive to those without access to a large number of Alaska Airlines-operated flights.

Rewards: Earn 3 miles for every dollar spent on Alaska Airlines and 1 mile for every dollar spent elsewhere.

Earn 40,000 extra miles plus Alaska’s renowned companion fare with the following welcome offer after spending $2,000 or more during the first 90 days of account opening.

$50 for the business and $25 per card are the annual fees.

Advantages and Drawbacks

Holders of the Alaska Airlines Visa Business Credit Card are also eligible for Alaska’s Companion Fare, which allows you to book a companion on a qualifying travel itinerary for as little as $121.

 A free checked bag when traveling Alaska Airlines, a discount of 50% off Alaska Lounge day passes at specific places that provide them, and a rebate of 20% off of in-flight purchases of food, drink, and Wi-Fi when using your card are additional advantages.

Additionally, the card provides coverage for rental car insurance and travel accidents. The card’s per-employee charge structure, however, is far lower than that of other airline business cards.

Business Mastercard  with Platinum Plus from Bank of America

The Bank of America. Platinum Plus Mastercard  Business card doesn’t provide many incentives or additional perks, but there aren’t many other options in the Bank of America business portfolio for companies searching for an introductory APR period and reasonably low ongoing APR.

Rewards are not earned with this card.

Welcome Offer: After making at least $3,000 in net purchases during the first 90 days of account activation, you’ll receive a $300 statement credit online bonus..

Annual Cost: 0

The Bank of America  Platinum Plus Mastercard  Business card provides supplementary auto rental collision damage waiver coverage in addition to travel accident insurance.

How to Pick a Business Card from Bank of America

It can be overwhelming to find the finest credit card for your company’s requirements. Don’t assume the fundamental characteristics or cost structures of all credit cards are the same. While not all business cards offer benefits, many of them provide complimentary staff cards. Few companies, even those that offer incentives, provide comparable extra reward categories or redemption choices.

Bank Of America Credit Cards

Before deciding on a card that can earn rewards, the majority of business owners and operators will want to assess their company’s spending. Making a final card pick involves considering which card is likely to return the most in terms of rewards.

Does your company make significant purchases in categories like office supplies? Does your company employ an automatic bank transfer to cover additional costs, such as utilities? 

Don’t count on being able to earn full rewards on purchases from vendors for the majority of expenditures. Many business vendors charge extra to clients who request the use of a credit card to pay invoices.

Consider what elements are most significant to you and select the credit card that best meets your requirements.

Frequently Asked Questions [FAQs]

Which is the best Bank of America business credit card?

Only you can determine which business credit card is best for your company. When choosing the best company credit card for your operation’s demands, you’ll need to decide whether or not your organization requires a credit card that offers particular benefits above others or receives rewards based on specialized or all-around expenditure.

How is a business credit card different from a personal credit card?

A business credit card is intended for usage by businesses, therefore the rewards, advantages, and offers are catered to their needs. The methods by which applicants are taken into account for business cards versus personal cards vary since credit card issuers additionally take into account a business’ financial situation throughout the acceptance process.

Do I need an EIN to apply for a business credit card?

No. It is frequently sufficient to apply for a business credit card using your Social Security number as a sole proprietor instead of an Employer Identification Number (EIN) as some other type of business entity. However, special restrictions for applications might exist, and they might differ from issuer to issuer. Even if you have an EIN, you usually have to include your SSN as well.

Will a business credit card impact my personal credit?

Typically yes. For any particular corporate credit card, hard inquiries typically appear on the applicant’s personal credit report. It depends on the issuer whether and how a corporate credit card account, payment history, and other details appear on your personal credit report. The basic fact is that you are personally liable for all transactions made with a business card and that using a business credit card can and frequently does affect your personal credit report.

Do I need positive revenue to receive approval for a business credit card?

No, not always. When choosing whether to approve a credit card application, lenders and card issuers take into account a variety of variables. In addition to revenue, these variables may also include assets, additional liabilities, and cash solvency.

What is the best month to get a credit card?

According to the increased percentage of new accounts being opened during those months, October through December is the ideal time of year to apply for a credit card.

Is December a good time to apply for a credit card?

Let’s start with introductory incentives, which are arguably the main factor in determining if December is a good time to obtain a credit card. It’s always desirable to be able to achieve the spending requirements for a lot of points or miles in a short amount of time, and your holiday shopping can assist you in doing so.

How can I increase my chances of getting a credit card?

Improve your chances of obtaining a new credit card as lenders tighten requirements by following these 4 suggestions.
Pay all of your bills promptly.
Be able to demonstrate the income from a job or another source.
Request a secured credit card.
Check your credit score frequently for any changes.

Is December a good time to apply for a credit card?

Applying for a credit card online is the best option. Online applications are the quickest and easiest to complete because they can be done at any time, from any location. After comparing credit card offers online, which is something you should do if you want to get the greatest price, it also makes the most sense.

The Conclusion

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