Bank Of America Business Advantage Travel Rewards Review
Bank of America Business Advantage Travel Rewards is a credit card designed for small businesses that frequently travel, offering rewards and benefits that cater to their needs. The card comes with no annual fees, a 0% introductory APR on purchases for 9 billing cycles, travel rewards, and much more, making it a top choice for small business owners who are always on the go. This article will provide a comprehensive Bank of America Business Advantage Travel Rewards review, including its benefits, features, fees, and how to apply.
Benefits of Bank of America Business Advantage Travel Rewards
The Bank of America Business Advantage Travel Rewards credit card comes with a variety of benefits and rewards for small business owners who travel frequently. Some of these benefits include:
- Unlimited 1.5 points for every dollar spent on purchases
- No foreign transaction fees
- Travel accident insurance
- Lost luggage reimbursement
- Auto rental collision damage waiver
- Emergency ticket replacement
- Emergency cash disbursement
These benefits make it a great card for small business owners who require travel frequently. The rewards program provides them with the flexibility to use points for either travel-related expenses or cashback.
Features of Bank of America Business Advantage Travel Rewards
The Bank of America Business Advantage Travel Rewards credit card also comes with several features that make it stand out from other travel credit cards in the market. Here are some of the features:
- Introductory 0% APR on purchases for 9 billing cycles
- No annual fees
- APR of 13.24% - 23.24% variable on purchases and balance transfers
- Online account management and bill payment options
- Free employee cards with customizable spending limits
- Security features including zero liability, chip technology, and text alerts for suspicious activity
- Access to Bank of America’s Preferred Rewards Program
These features make it an attractive option for small business owners looking for a no-annual-fee credit card with a low introductory APR and benefits that cater to their travel needs. Additionally, the customizable employee spending limits can help business owners keep track of their employees’ expenses and limit potential fraud.
Fees and Charges of Bank of America Business Advantage Travel Rewards
The Bank of America Business Advantage Travel Rewards credit card has no annual fee, but it does have other charges and fees that business owners should be aware of. Here are some of the fees and charges that come with the card:
- APR of 13.24% - 23.24% variable on purchases and balance transfers
- Cash advance fees of either $10 or 4% of the amount, whichever is greater
- Balance transfer fees of either $10 or 4% of the amount, whichever is greater
- Late payment fees of up to $49
- Returned payment fees of up to $39
While the Bank of America Business Advantage Travel Rewards credit card has no annual fee, the APR and fees associated with it can add up if not managed correctly. Business owners should ensure they understand these charges and fees before applying for the card.
How to Apply for Bank of America Business Advantage Travel Rewards
Applying for the Bank of America Business Advantage Travel Rewards credit card is a simple process. Business owners can visit the Bank of America website to fill out an online application or visit a Bank of America branch to apply in person. Here are the steps to follow:
- Visit the Bank of America website or visit a Bank of America branch
- Click on the “credit cards” tab and select “small business credit cards”
- Select the Bank of America Business Advantage Travel Rewards credit card
- Fill out the application with your business information, personal information, and financial information
- Submit the application
Once the application is submitted, Bank of America will review the application and notify the applicant of their decision within a few business days.
Conclusion
The Bank of America Business Advantage Travel Rewards credit card is an excellent option for small business owners who travel frequently. With its rewards program, benefits, and features, it provides business owners with the flexibility and security they need while on the go. While the card does have fees and charges, business owners should be aware of them and manage their expenses accordingly. Overall, the Bank of America Business Advantage Travel Rewards credit card is a solid choice for small businesses looking for a travel credit card with rewards and benefits.
