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1.5X Points on Every Business Purchase — $0 Annual Fee
Earn unlimited 1.5 points per $1 on all purchases with no annual fee and no foreign transaction fees. Bank of America Preferred Rewards for Business members earn up to 2.62 points per $1 — one of the highest flat rates on any no-fee business card. Redeem for statement credits toward travel and dining.
$0
Annual Fee
30,000
Bank of America points · Welcome Bonus
3X
Top Rate
Annual Fee
$0
Foreign Transaction Fee
$0
Network
Mastercard World
Rewards Currency
Bank of America points
Point Valuation
0.6–1 cpp (mid: 1)
Credit Required
Excellent
30,000
Bank of America points
$3,000
Spend Required
90 months
Time Period
Earn 30,000 online bonus points after making at least $3,000 in purchases in the first 90 days. Redeem as a $300 statement credit toward travel or dining purchases.
Benefits & Perks
Program & Transfers
Bank of America Rewards Points is a straightforward statement credit program with a fixed 1 cpp value for travel and dining redemptions. There are no transfer partners, so redemption flexibility is limited compared to Chase Ultimate Rewards or American Express Membership Rewards. However, the Preferred Rewards program can significantly boost earning rates by up to 75% for members with qualifying Bank of America and Merrill combined account balances.
Reviews & Analysis
Details & Terms
| Foreign Transaction Fee | $0 |
No, points don't expire as long as your Bank of America credit card account is open and active. Once you close a card, any unredeemed points on that card are lost.
No. Bank of America points cannot be transferred to external loyalty programs. You can only redeem them for statement credits, cash back, or gift cards.
You need at least 2,500 points to redeem. That's worth $25 toward travel/dining statement credits or $15 as cash back.
1.5X Points on Every Business Purchase — $0 Annual Fee
Earn unlimited 1.5 points per $1 on all purchases with no annual fee and no foreign transaction fees. Bank of America Preferred Rewards for Business members earn up to 2.62 points per $1 — one of the highest flat rates on any no-fee business card. Redeem for statement credits toward travel and dining.
$0
Annual Fee
30,000
Bank of America points · Welcome Bonus
3X
Top Rate
Annual Fee
$0
Foreign Transaction Fee
$0
Network
Mastercard World
Rewards Currency
Bank of America points
Point Valuation
0.6–1 cpp (mid: 1)
Credit Required
Excellent
30,000
Bank of America points
$3,000
Spend Required
90 months
Time Period
Earn 30,000 online bonus points after making at least $3,000 in purchases in the first 90 days. Redeem as a $300 statement credit toward travel or dining purchases.
Benefits & Perks
Program & Transfers
Bank of America Rewards Points is a straightforward statement credit program with a fixed 1 cpp value for travel and dining redemptions. There are no transfer partners, so redemption flexibility is limited compared to Chase Ultimate Rewards or American Express Membership Rewards. However, the Preferred Rewards program can significantly boost earning rates by up to 75% for members with qualifying Bank of America and Merrill combined account balances.
Reviews & Analysis
Details & Terms
| Foreign Transaction Fee | $0 |
No, points don't expire as long as your Bank of America credit card account is open and active. Once you close a card, any unredeemed points on that card are lost.
No. Bank of America points cannot be transferred to external loyalty programs. You can only redeem them for statement credits, cash back, or gift cards.
You need at least 2,500 points to redeem. That's worth $25 toward travel/dining statement credits or $15 as cash back.
1.5X Points on Every Business Purchase — $0 Annual Fee
Earn unlimited 1.5 points per $1 on all purchases with no annual fee and no foreign transaction fees. Bank of America Preferred Rewards for Business members earn up to 2.62 points per $1 — one of the highest flat rates on any no-fee business card. Redeem for statement credits toward travel and dining.
$0
Annual Fee
30,000
Bank of America points · Welcome Bonus
3X
Top Rate
Annual Fee
$0
Foreign Transaction Fee
$0
Network
Mastercard World
Rewards Currency
Bank of America points
Point Valuation
0.6–1 cpp (mid: 1)
Credit Required
Excellent
30,000
Bank of America points
$3,000
Spend Required
90 months
Time Period
Earn 30,000 online bonus points after making at least $3,000 in purchases in the first 90 days. Redeem as a $300 statement credit toward travel or dining purchases.
Benefits & Perks
Program & Transfers
Bank of America Rewards Points is a straightforward statement credit program with a fixed 1 cpp value for travel and dining redemptions. There are no transfer partners, so redemption flexibility is limited compared to Chase Ultimate Rewards or American Express Membership Rewards. However, the Preferred Rewards program can significantly boost earning rates by up to 75% for members with qualifying Bank of America and Merrill combined account balances.
Reviews & Analysis
Details & Terms
| Foreign Transaction Fee | $0 |
No, points don't expire as long as your Bank of America credit card account is open and active. Once you close a card, any unredeemed points on that card are lost.
No. Bank of America points cannot be transferred to external loyalty programs. You can only redeem them for statement credits, cash back, or gift cards.
You need at least 2,500 points to redeem. That's worth $25 toward travel/dining statement credits or $15 as cash back.
Combined Protection Value
$1,001,255
You won't be responsible for unauthorized transactions made with your card.
$1 million in travel accident insurance when you pay for travel with your card.
Monitor your credit file for suspicious activity with alerts for new inquiries, address changes, and accounts.
Continuous fraud monitoring helps detect and prevent unauthorized use of your card.
Doubles the manufacturer's warranty by up to 12 months on purchases, with coverage up to $10,000 per item.
You won't be held responsible for unauthorized transactions made in store, online, or via mobile device.
Bank of America is rebranding its Preferred Rewards program to 'BofA Rewards' in May 2026 with updated tier names, new elite benefits, and refreshed asset thresholds for Diamond tier
| Route / Property | Points | Book With | Cabin/Type | Value / Region |
|---|---|---|---|---|
| Domestic roundtrip flight statement credit | 30,000–50,000 | — | — | united_states |
| International economy flight statement credit | 60,000–100,000 | — | economy | europe |
| Premium cabin international flight statement credit | 100,000–150,000 | — | business | asia |
| Hotel stay statement credit | 15,000–30,000 | — | — | united_states |
| Vacation rental statement credit | 20,000–40,000 | — | — | united_states |
| Dining statement credit | 2,500–10,000 | — | — | global |
Credit Utilization (60%)
Excludes earning value, lounge access, insurance, and elite status
Total Value Captured
$0
Annual Fee
-$0
Net Annual Value
+$0
No. You cannot transfer points to another cardholder or person. You may be able to transfer rewards between your own eligible Bank of America accounts by calling customer service.
Preferred Rewards members earn 25% (Gold), 50% (Platinum), or 75% (Platinum Honors/Diamond) more points on every purchase. A card earning 1.5x would earn 2.625x at the Platinum Honors tier.
Flights, hotels, vacation rentals (including Airbnb), baggage fees, car rentals, and restaurant meals all qualify as travel/dining purchases.
Travel Rewards (no annual fee, 1.5x all), Premium Rewards ($95 AF, 2x travel/dining), Premium Rewards Elite ($550 AF with luxury travel benefits), Customized Cash Rewards (no AF, 5.25% in chosen category), and Unlimited Cash Rewards (no AF, simple cash back).
Comprehensive review from TPG covering earn rates, Preferred Rewards program benefits, and competitive alternatives. Rating: 3/5.
Detailed NerdWallet review covering rewards tiers, intro APR offer, and comparison to Blue Business Plus and Ink Business Unlimited. Rating: 4.2/5.
Credit Karma's overview of the card's 1.5X base rate, welcome bonus, and Preferred Rewards tiers for business customers.
Yahoo Finance review covering how business travelers can earn unlimited 1.5X rewards with no annual fee.
Fora Financial's practical review covering the travel rewards card alongside other BofA business card options for small business owners.
Bankrate's ranking of all BofA business cards with detailed Preferred Rewards tier breakdowns. Travel Rewards rated 3.9/5.
Forbes Advisor review of the flat-rate rewards and travel-friendly perks for no annual fee. Rating: 3.3/5.
US News review covering flat-rate rewards, Preferred Rewards boost potential, and how it compares to other no-annual-fee business travel cards.
| Source | Date | URL |
|---|---|---|
| — | — | View source |
Combined Protection Value
$1,001,255
You won't be responsible for unauthorized transactions made with your card.
$1 million in travel accident insurance when you pay for travel with your card.
Monitor your credit file for suspicious activity with alerts for new inquiries, address changes, and accounts.
Continuous fraud monitoring helps detect and prevent unauthorized use of your card.
Doubles the manufacturer's warranty by up to 12 months on purchases, with coverage up to $10,000 per item.
You won't be held responsible for unauthorized transactions made in store, online, or via mobile device.
Bank of America is rebranding its Preferred Rewards program to 'BofA Rewards' in May 2026 with updated tier names, new elite benefits, and refreshed asset thresholds for Diamond tier
| Route / Property | Points | Book With | Cabin/Type | Value / Region |
|---|---|---|---|---|
| Domestic roundtrip flight statement credit | 30,000–50,000 | — | — | united_states |
| International economy flight statement credit | 60,000–100,000 | — | economy | europe |
| Premium cabin international flight statement credit | 100,000–150,000 | — | business | asia |
| Hotel stay statement credit | 15,000–30,000 | — | — | united_states |
| Vacation rental statement credit | 20,000–40,000 | — | — | united_states |
| Dining statement credit | 2,500–10,000 | — | — | global |
Credit Utilization (60%)
Excludes earning value, lounge access, insurance, and elite status
Total Value Captured
$0
Annual Fee
-$0
Net Annual Value
+$0
No. You cannot transfer points to another cardholder or person. You may be able to transfer rewards between your own eligible Bank of America accounts by calling customer service.
Preferred Rewards members earn 25% (Gold), 50% (Platinum), or 75% (Platinum Honors/Diamond) more points on every purchase. A card earning 1.5x would earn 2.625x at the Platinum Honors tier.
Flights, hotels, vacation rentals (including Airbnb), baggage fees, car rentals, and restaurant meals all qualify as travel/dining purchases.
Travel Rewards (no annual fee, 1.5x all), Premium Rewards ($95 AF, 2x travel/dining), Premium Rewards Elite ($550 AF with luxury travel benefits), Customized Cash Rewards (no AF, 5.25% in chosen category), and Unlimited Cash Rewards (no AF, simple cash back).
Comprehensive review from TPG covering earn rates, Preferred Rewards program benefits, and competitive alternatives. Rating: 3/5.
Detailed NerdWallet review covering rewards tiers, intro APR offer, and comparison to Blue Business Plus and Ink Business Unlimited. Rating: 4.2/5.
Credit Karma's overview of the card's 1.5X base rate, welcome bonus, and Preferred Rewards tiers for business customers.
Yahoo Finance review covering how business travelers can earn unlimited 1.5X rewards with no annual fee.
Fora Financial's practical review covering the travel rewards card alongside other BofA business card options for small business owners.
Bankrate's ranking of all BofA business cards with detailed Preferred Rewards tier breakdowns. Travel Rewards rated 3.9/5.
Forbes Advisor review of the flat-rate rewards and travel-friendly perks for no annual fee. Rating: 3.3/5.
US News review covering flat-rate rewards, Preferred Rewards boost potential, and how it compares to other no-annual-fee business travel cards.
| Source | Date | URL |
|---|---|---|
| — | — | View source |
Combined Protection Value
$1,001,255
You won't be responsible for unauthorized transactions made with your card.
$1 million in travel accident insurance when you pay for travel with your card.
Monitor your credit file for suspicious activity with alerts for new inquiries, address changes, and accounts.
Continuous fraud monitoring helps detect and prevent unauthorized use of your card.
Doubles the manufacturer's warranty by up to 12 months on purchases, with coverage up to $10,000 per item.
You won't be held responsible for unauthorized transactions made in store, online, or via mobile device.
Bank of America is rebranding its Preferred Rewards program to 'BofA Rewards' in May 2026 with updated tier names, new elite benefits, and refreshed asset thresholds for Diamond tier
| Route / Property | Points | Book With | Cabin/Type | Value / Region |
|---|---|---|---|---|
| Domestic roundtrip flight statement credit | 30,000–50,000 | — | — | united_states |
| International economy flight statement credit | 60,000–100,000 | — | economy | europe |
| Premium cabin international flight statement credit | 100,000–150,000 | — | business | asia |
| Hotel stay statement credit | 15,000–30,000 | — | — | united_states |
| Vacation rental statement credit | 20,000–40,000 | — | — | united_states |
| Dining statement credit | 2,500–10,000 | — | — | global |
Credit Utilization (60%)
Excludes earning value, lounge access, insurance, and elite status
Total Value Captured
$0
Annual Fee
-$0
Net Annual Value
+$0
No. You cannot transfer points to another cardholder or person. You may be able to transfer rewards between your own eligible Bank of America accounts by calling customer service.
Preferred Rewards members earn 25% (Gold), 50% (Platinum), or 75% (Platinum Honors/Diamond) more points on every purchase. A card earning 1.5x would earn 2.625x at the Platinum Honors tier.
Flights, hotels, vacation rentals (including Airbnb), baggage fees, car rentals, and restaurant meals all qualify as travel/dining purchases.
Travel Rewards (no annual fee, 1.5x all), Premium Rewards ($95 AF, 2x travel/dining), Premium Rewards Elite ($550 AF with luxury travel benefits), Customized Cash Rewards (no AF, 5.25% in chosen category), and Unlimited Cash Rewards (no AF, simple cash back).
Comprehensive review from TPG covering earn rates, Preferred Rewards program benefits, and competitive alternatives. Rating: 3/5.
Detailed NerdWallet review covering rewards tiers, intro APR offer, and comparison to Blue Business Plus and Ink Business Unlimited. Rating: 4.2/5.
Credit Karma's overview of the card's 1.5X base rate, welcome bonus, and Preferred Rewards tiers for business customers.
Yahoo Finance review covering how business travelers can earn unlimited 1.5X rewards with no annual fee.
Fora Financial's practical review covering the travel rewards card alongside other BofA business card options for small business owners.
Bankrate's ranking of all BofA business cards with detailed Preferred Rewards tier breakdowns. Travel Rewards rated 3.9/5.
Forbes Advisor review of the flat-rate rewards and travel-friendly perks for no annual fee. Rating: 3.3/5.
US News review covering flat-rate rewards, Preferred Rewards boost potential, and how it compares to other no-annual-fee business travel cards.
| Source | Date | URL |
|---|---|---|
| — | — | View source |
Items purchased with your card are covered against damage or theft for 90 days, up to $1,000 per claim.
Get refunded the price difference if you find a lower advertised price within 120 days, up to $250 per claim.
Eligible purchases covered against loss, damage, theft or fire with additional protection.
Reimbursement if your luggage is lost or damaged during travel paid with your card.
Secondary coverage for damage to or theft of rental vehicles when you pay with your card.
Coverage if your trip is cancelled or interrupted for a covered reason when paid with your card.
Reimbursement for expenses if your trip is delayed for a covered reason.
Items purchased with your card are covered against damage or theft for 90 days, up to $1,000 per claim.
Get refunded the price difference if you find a lower advertised price within 120 days, up to $250 per claim.
Eligible purchases covered against loss, damage, theft or fire with additional protection.
Reimbursement if your luggage is lost or damaged during travel paid with your card.
Secondary coverage for damage to or theft of rental vehicles when you pay with your card.
Coverage if your trip is cancelled or interrupted for a covered reason when paid with your card.
Reimbursement for expenses if your trip is delayed for a covered reason.
Items purchased with your card are covered against damage or theft for 90 days, up to $1,000 per claim.
Get refunded the price difference if you find a lower advertised price within 120 days, up to $250 per claim.
Eligible purchases covered against loss, damage, theft or fire with additional protection.
Reimbursement if your luggage is lost or damaged during travel paid with your card.
Secondary coverage for damage to or theft of rental vehicles when you pay with your card.
Coverage if your trip is cancelled or interrupted for a covered reason when paid with your card.
Reimbursement for expenses if your trip is delayed for a covered reason.
