Bank of America Credit Card Reviews, Rules & Opinions

We recommend the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card World Mastercard to business owners who wish to capitalize on their travel spending. What makes this card particularly worthy of attention is it charges no annual and foreign transaction fees, so it’s perfect to use when you travel outside of the U.S.

As a new cardholder, you get to earn 30,000 bonus points if you spend $3,000 on purchases within the first 90 days. Making travel bookings through the through the Bank of America Travel Center comes with 3X points per dollar. All other purchases earn 1.5X points per dollar.

Cardholders who have business checking accounts with Bank of America stand to earn up to 75% more points based on their Preferred Rewards membership tier.

The Business Advantage Travel Rewards World Mastercard comes with a 0% APR offer on purchases, which you may benefit through if you plan to make a purchase that you wish to pay off over a few months. Additional benefits include access to cash management tools as well as travel and emergency services.

• Earn 30,000 online bonus points after you make at least $3,000 in purchases in the first 90 days of your account opening which can be redeemed for a $300 statement credit towards travel or dining purchases.
• Earn unlimited 1.5 points for every $1 spent, or join Preferred Rewards for Business for no fee, and earn up to an unlimited 2.62 points for every $1 spent on all purchases if you have a Bank of America® business checking account and qualify for Preferred Rewards for Business Platinum Honors tier.
• No limit to the amount of points you can earn and points don't expire as long as your account remains open.
• No annual fee and no international transaction fees.
• Choose how to redeem points for a statement credit to offset travel and dining purchases, travel with no blackout dates at the Bank of America® Travel Center, for cash back or gift cards.
• 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 17.99% - 27.99% will apply.
• Contactless Cards - The security of a chip card, with the convenience of a tap.
• This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.

We recommend the BankAmericard® credit card to people who are looking for no-annual-fee cards with intro APR offers. This card comes with a 0% APR offer on purchases and balance transfers for the first 18 billing cycles. However, you need to carry out your balance transfer within the first 60 days, and you need to pay a balance transfer fee. Using this card outside of the U.S. might not be a good idea because it comes with foreign transaction fees.

• $0 annual fee.
• 0% purchase and balance transfer APR for the first 18 billing cycles, then a variable APR between 16.24% and 26.24%.
• No penalty APR.
• Balance transfer fee of $10 or 3%, whichever is greater.
• Foreign transaction fee of 3% (5% for overseas cash advances).
• FICO Score for free.

The BofA Customized Cash is designed for people who are looking for flexible cash back. It offers 3% cash back in a customizable category (options include gas, dining, travel and more) and 2% at grocery stores and wholesale clubs. However, its spending cap and rewards structure may not suit everyone.

Introductory Offers

• Earn a $200 online cash rewards bonus after spending $1,000 in the first 90 days.

Rewards

• Earn 3% cash back in a category of your choice, 2% at grocery stores and wholesale clubs (up to $2,500 in combined purchases each quarter), and 1% on all other purchases.
• Bank of America Preferred Rewards members can earn 25%-75% more cash back on every purchase.

APRS, Fees, and Penalties

• Enjoy 0% Intro APR for 15 billing cycles on purchases and balance transfers made in the first 60 days. After that, a variable APR of 18.74% - 28.74% applies.
• A 3% Intro balance transfer fee applies for the first 60 days; after that, the fee is 4%.

Perks & Benefits

• No annual fee and cash rewards don’t expire as long as your account remains open.
• Use contactless cards for secure and convenient transactions.