Best Bank of America business cards of July 2024
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BLUEPRINT
Updated 5:04 a.m. UTC July 1, 2024
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Bank of America has a number of business credit cards available for small business owners. The best Bank of America business cards offer valuable rewards for business spending and offer benefits like expense management tools, credit score access and travel protections.
We analyzed the full suite of business cards offered by the bank to curate a list of the very best Bank of America business credit cards for 2024. Here are our selections.
Best Bank of America business credit cards
- Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card*: Best Bank of America business card.
- Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card*: Best for flat-rate cash back.
- Bank of America® Business Advantage Travel Rewards World Mastercard® credit card*: Best for travel rewards.
- Alaska Airlines Visa® Business credit card*: Best for airline benefits.
- Bank of America® Business Advantage Unlimited Cash Rewards Secured credit card*: Best for building credit.
Why trust our credit card experts
Our team of experts evaluates hundreds of credit cards and analyzes thousands of data points to help you find the best card for your situation. We use a data-driven methodology to determine each rating. Advertisers do not influence our editorial content. You can read more about our methodology below.
- 7 cards analyzed.
- 11+ data points analyzed.
- 5-step fact-checking process.
Best Bank of America business card
Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card
*The information for the Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.
Best for flat-rate cash back
Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card
*The information for the Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.
Best for travel rewards
Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
*The information for the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.
Best for airline benefits
Alaska Airlines Visa® Business credit card
*The information for the Alaska Airlines Visa® Business credit card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.
Best for building credit
Bank of America® Business Advantage Unlimited Cash Rewards Secured credit card
*The information for the Bank of America® Business Advantage Unlimited Cash Rewards Secured credit card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.
Compare the best Bank of America business cards
Get a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
Get a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
Earn 30,000 online bonus points after you make at least $3,000 in net 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 50,000 bonus miles + Alaska’s Famous Companion Fare™ from $122 ($99 fare plus taxes and fees from $23) after you make $3,000 or more in purchases within the first 90 days of opening your account.
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The information for the Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.
Why it’s the best
The biggest draw of the Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card * The information for the Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. is in the name: customized rewards. The card lets business owners choose one category from select business-related expense options to earn elevated cash back, meaning you can tailor your rewards to your specific spending needs. With access to business tools and travel protections, plus no annual fee, the Business Advantage Customized Cash Rewards earns our top spot as the best overall business card from Bank of America.
Pros:
- High bonus rewards rate on custom categories.
- No annual fee.
- Travel protections including accident insurance and rental car coverage.
Cons:
- Spending cap on bonus rewards.
- Charges foreign transaction fees.
- Relatively short intro APR on purchases.
Card details:
- Annual fee: $0.
- Rewards: 3% cash back in the category of choice, 2% cash back on dining purchases and 1% cash back on all other purchases. Earn 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year and then 1% thereafter.
- Welcome offer: $300 statement credit after spending $3,000 on purchases in the first 90 days of account opening.
- APR: 0% intro APR on purchases for the first nine billing cycles, then a 18.49% to 28.49% variable APR on purchases and balance transfers. A balance transfer fee of 4% of each transaction applies.
The information for the Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.
Why it’s the best
For straightforward cash back on all your business expenses, the Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card * The information for the Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. delivers. You’ll earn unlimited rewards with no cap, and your rewards don’t expire as long as your account stays open. The card comes with basic business benefits, an intro APR offer on purchases and no annual fee.
Pros:
- Simple rewards structure.
- No annual fee.
- Business credit score access.
Cons:
- No bonus rewards categories.
- Relatively short intro APR on purchases.
- Foreign transaction fees.
Card details:
- Annual fee: $0.
- Rewards: 1.5% cash back on purchases.
- Welcome offer: $300 statement credit after spending $3,000 on purchases in the first 90 days of account opening.
- APR: 0% intro APR on purchases for the first nine billing cycles, followed by a 18.49% to 28.49% variable APR on purchases and balance transfers. Balance transfer fee of 4% of each transaction applies.
The information for the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.
Why it’s the best
The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card * The information for the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. makes it easy to turn rewards from your business spending into travel. Redemption options include statement credits to offset travel and dining purchases and travel booked through the Bank of America Travel Center.
Pros:
- No annual fee.
- No foreign transaction fees.
- Comes with travel protections including travel accident insurance, trip cancellation and delay coverage and lost luggage reimbursement.
Cons:
- No bonus rewards categories.
- No premium travel benefits like lounge access or elite status with a brand.
- Redemptions don’t include transfers to travel partners.
Card details:
- Annual fee: $0.
- Rewards: 3 points per $1 on car, hotel or airline travel booked through the Bank of America Travel Center and 1.5 points per $1 on other purchases.
- Welcome offer: 30,000 points after spending $3,000 in the first 90 days of account opening.
- APR: 0% intro APR on purchases for the first nine billing cycles, then a 18.49% to 28.49% variable APR on purchases and balance transfers applies. A balance transfer fee of 4% of each transaction applies.
The information for the Alaska Airlines Visa® Business credit card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.
Why it’s the best
If your travels include West Coast flights, the Alaska Airlines Visa® Business credit card * The information for the Alaska Airlines Visa® Business credit card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. could be the business card for you. It features a valuable bonus offer plus an opportunity to earn Alaska’s Famous Companion Fare ($99 fare plus taxes and fees from $23) each account anniversary after spending $6,000 or more on purchases within the prior anniversary year.
Pros:
- Generous welcome bonus.
- Potential to earn a companion pass benefit each year.
- Airline flight perks include free checked bag privileges, priority boarding, 20% back on inflight purchases and $100 off an annual Alaska Lounge+ Membership.
Cons:
- Charges an annual fee per company and per card.
- No lounge benefits besides a discount on membership.
- Airport hubs located primarily on the West Coast.
Card details:
- Annual fee: $70 per company and $25 per card.
- Rewards: 3 miles per $1 on eligible Alaska Airlines purchases, 2 miles per $1 on eligible gas, shipping and local transit including rideshare purchases and 1 mile per $1 on all other purchases.
- Welcome offer: 50,000 bonus miles and Alaska’s Famous Companion Fare™ from $122 ($99 fare plus taxes and fees from $23) after spending $3,000 in purchases within the first 90 days of account opening.
- APR: 21.24% to 29.24% variable APR on purchases and balance transfers. A balance transfer fee of 4% of the amount of each transaction applies.
The information for the Bank of America® Business Advantage Unlimited Cash Rewards Secured credit card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.
Why it’s the best
The Bank of America® Business Advantage Unlimited Cash Rewards Secured credit card * The information for the Bank of America® Business Advantage Unlimited Cash Rewards Secured credit card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. gives business owners with limited or poor credit an opportunity to build their credit profile. It’s rare to find a secured business card and even more rare to find one that earns above-average rewards on all spending.
Pros:
- No annual fee.
- Simple cash-back rewards on all purchases.
- Bank of America periodically reviews accounts, giving cardholders an opportunity to graduate to a traditional credit card.
Cons:
- High regular APR.
- Security deposit required.
- Charges foreign transaction fees.
Card details:
- Annual fee: $0.
- Rewards: 1.5% cash back on purchases.
- Welcome offer: None.
- APR: 28.49% variable APR on purchases and balance transfers. A balance transfer fee of 4% of each transaction applies.
Methodology
Our credit cards team has spent hours analyzing hundreds of credit cards. We took a deep dive into the details of each product and that analysis, combined with our years of experience covering credit cards, informed us as we developed these credit card rankings. We looked at the various Bank of America business credit card options and weighed the various attributes of each card to determine the rankings in this list. Factors we considered include:
- Annual fees.
- Rewards rates on areas of typical business spending.
- 0% APR periods.
- Any business-related discounts or credits.
- Any other helpful features like insurances or protections.
How to choose a business credit card
Having a reliable business credit card can increase your purchasing power, improve your cash flow and help you track business expenses. With dozens of options available, knowing what to look for in a business credit card can help narrow down the search for the right card. Here are some factors to consider when comparing business credit cards.
- Fees: Some credit cards charge an annual fee, a yearly charge for access to the card and its benefits. Other common fees include foreign transaction fees and late fees. Compare the value offered by the card to its fee structure to decide if it’s worth the cost.
- Interest rates: Your APR dictates how much interest you will pay if you carry a balance on your card. It’s often based on your creditworthiness.
- Rewards: Some business cards, like those on the list above, earn rewards on card spending. Consider your business spending habits and look for a card that helps you maximize rewards earning. Also consider how you plan to redeem the rewards you earn.
- Eligibility requirements: Credit card issuers determine eligibility based on your credit and other factors. Consider your credit score and history when applying for a business credit card.
- Card benefits: The best business credit cards provide additional benefits beyond rewards, such as travel insurance, travel perks and anniversary bonuses. Look for cards that offer other features and perks that would benefit you and your business.
Is a business credit card right for me?
Deciding if a business credit card is a good fit for you depends on your business needs and how you manage your finances. A business credit card can help you deal with the ups and downs of cash flow. It can also help you build your credit profile, finance business expenses and keep your business and personal expenses separate.
With the benefits come fees as well as the potential risks of overextending yourself financially and costly interest charges if you carry a balance from month to month. Consider your goals for using a card and your financial habits to decide if you should get a business credit card.
Frequently asked questions (FAQs)
Bank of America offers a range of small business products and services, including credit cards, bank accounts, lending and other business solutions. Depending on your needs, Bank of America could be a good bank to choose for your small business.
Like other card issuers, Bank of America performs a hard credit pull during the application process when you apply for a business credit card. The bank considers your credit, financial information and other factors to determine your eligibility for a card.
Minimum opening deposit requirements vary depending on the type of business account, ranging from $100 to $1,000 or more. Account availability, features and rates may vary based on your location.
The easiest Bank of America business card for approval is the Bank of America® Business Advantage Unlimited Cash Rewards Secured credit card * The information for the Bank of America® Business Advantage Unlimited Cash Rewards Secured credit card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. . The secured card is meant for small business owners with limited or poor credit and is secured with a $1,000 minimum security deposit, which acts as your credit line.
*The information for the Alaska Airlines Visa® Business credit card, Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card, Bank of America® Business Advantage Travel Rewards World Mastercard® credit card, Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card and Bank of America® Business Advantage Unlimited Cash Rewards Secured credit card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.
Blueprint is an independent publisher and comparison service, not an investment advisor. The information provided is for educational purposes only and we encourage you to seek personalized advice from qualified professionals regarding specific financial decisions. Past performance is not indicative of future results.
Blueprint has an advertiser disclosure policy. The opinions, analyses, reviews or recommendations expressed in this article are those of the Blueprint editorial staff alone. Blueprint adheres to strict editorial integrity standards. The information is accurate as of the publish date, but always check the provider’s website for the most current information.
