Business Credit Card Bank of America

The business credit card from Bank of America is a perfect choice for small business owners. It offers competitive benefits, extras, and low annual fees intended for budding businesses.

But there are different business credit cards from Bank of America available. And we will discuss each of them to let you know which one you can apply for.

Things to Know About Different Business Credit Cards at Bank of America

The Bank of America business credit card offers you a good selection of different cards you want to avail. Each variety has specific features to suit every small business’s types and needs.

Bank of America Business Advantage Customized Cash Rewards Mastercard

If you currently have a checking account at Bank of America, it’s a good idea for you to avail this card. You won’t have to pay an annual fee and have a chance to earn 25% to 75% in rewards. Which is a good advantage as a loyal customer of this bank.

This card is also a good option for business owners who want to control the rewards they earn. The rewards flexibility allows you to earn 3% cashback in any purchase category of your choice. And it will have an additional 2% cashback if you spend it on dining.

Bank of America Business Advantage Travel Rewards World Mastercard

Business owners who often travel can earn a lot of points using this credit card. For every $1 travel purchase using this card, you can earn 1.5 points. If you book directly on Bank of America’s Travel Center, you have more chances to earn points. With every $1 purchase, you can earn three points. Given this amount, you can make a lot of points in a short time. 

Redemption points for travel credits are $0.01 each. You can also redeem points for cash for a rate of $0.006.

The foreign transaction fee is $0, so you don’t have to worry about using this card when you travel abroad.

Bank of America Platinum Plus Mastercard Business Card

Unlike the other business credit card at Bank of America, this card doesn’t have an existing rewards program. However, it offers its new cardholders a statement credit of $300 after they spend $3,000 of total purchases within 90 days after opening the account.

Also, another difference yet quite an advantage for this card is it has the lowest regular purchase APR. It’s a helpful way for business owners with low rates since they can still carry a good balance monthly.

If your business requires regular expenses, this card may not be a good choice for you. You could miss many valuable rewards that you can earn fast if you choose another business credit card at Bank of America, instead.

Alaska Airlines Visa Business Credit Card

Do you fly with Alaska Airlines frequently? Then, this business credit card at Bank of America is an excellent option for you. You can receive ongoing rewards with every spend you make with Alaska Airlines. And, on a good note, with no foreign transaction fees charged.

As you avail this card, you can receive a sign-up bonus. You will then be eligible for an annual Companion Fare fee, free checked bags, 50% off on Alaska Lounge day passes, and other discounts available within the airline.

How to Apply For a Business Credit Card at Bank of America

After deciding on a Bank of America business credit card, you can apply online. Click the “Apply Now” button on the card you want to avail and fill out all the necessary information. If you are already a Bank of America customer with an existing account, it will be easier. You have the time-saving option that allows you to pre-fill the online application.

In every business credit card application, filling out the correct information is key to a fast and easy application process. All you need to keep in mind are the following:

  • Business information (legal business name, date of establishment, tax ID, gross sales, and net profit)
  • Personal data (your name, birth date, Social Security number or SSN, home address, and email address)

Once you’re done, wait about 10 to 12 business days to know if the application is approved or not. But there are cases that they respond within 24 hours upon submission. Prepare to receive a phone call from them if they need to ask additional questions regarding your card application.

They usually provide an answer within 30 days. But if you want to check the status of your application, you can visit Bank of America’s official website. You can also contact them via phone or mail.

Get Approved For a Business Credit Card from Bank of America

For a higher approval odds, you need to have a credit score between 800 to 850. It’s the general rule when applying for a business credit card at Bank of America.

Check your credit rating first before applying first.

If it’s lower than the required score, seek professional help from a credit repair company like 007 Credit Agent. We will help you find out what’s hurting your score and solve the issues. Hence, with the increase, you will finally get a business credit card from Bank of America.
If you need help with your credit score, please contact 007 Credit Agent. And we will do anything we can to help you have higher approval odds on any business credit card you want to have.