Overview of Bank of America Triple Cash Award Visa Business Card
this Bank of America Triple Cash Reward Visa® Business Card Reward business owners to increase their income in multiple popular bonus categories. However, if you are looking for rewards other than cashback, you may choose another option. Overall, the Bank of America triple cash reward visa card is a great choice for those who like to earn cash rewards on business expenses. Card rating*: ⭐⭐⭐½
*Card rating It is based on the opinions of TPG editors and is not affected by the issuer.
There are many factors to consider when choosing a commercial credit card. You can choose to earn cash back or transferable rewards, and the card can accumulate rewards at a uniform price or get more rewards in a specific category.
Bank of America triple cash reward visa card earns higher cashbacks in the expenditure category that business owners often use.
There is no annual fee for this card, and we recommend that you have a credit score of at least 670 to increase your chances of approval. Read on to learn more about this card and see if it is perfect for you and your business needs.
Pros and cons of Bank of America triple cash card
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Bank of America triple cash card welcome offer
and Bank of America triple cash business cardnew cardholders can receive a one-time cash bonus of $750 after spending at least $6,000 in 180 days of opening an account.
This is a great welcome if you are looking for a cash card, especially since it doesn’t charge an annual fee.
Plus, this is higher than the bonuses new cardholders receive on their cards when they were first launched in 2021.
Related: The best welcome bonus currently available
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Bank of America triple cash card benefits
You can expect Bank of America triple cash business card There are very little decoration.
The card’s outstanding privilege is an annual $100 credit line for recurring qualified software subscriptions such as QuickBooks or Freshbooks. This is a reliable benefit for business owners who already use these services or can get value from them.
Thanks to its visa benefits, Bank of America Triple Cash Award Visa Card offers automatic rental collision loss waivers, travel and emergency assistance services, purchase security, extended warranty protection, and get visa discounts.
Business owners also have access to a free online tool that tracks and reports spending with your Bank of America triple cash reward visa business card.
It is important to note that this card charges a 3% fee for foreign transactions, so it is best to leave this card at home in exchange for no foreign transaction fees if you travel abroad.
These products have great products, although you’d better book a large trip with cards with more protection.
Related: Best Cards for Travel Cancellation and Interrupt Insurance – Actually Covered
Earn Cash on Bank of America Triple Cash Business Card
this Bank of America triple cash business card Aptly named because it can earn 3% cash back in multiple bonus categories – buy at gasoline and electric vehicle charging stations (the deal is $200 or less, excluding discount stores, super centers and wholesale clubs), office supplies stores, cell phone service providers and restaurants, including restaurants.
You will also earn 5% cash back on prepaid hotels and car rentals booked through the issuer’s Travel Reward Center, while everything else can return 1%.
There is no income cap, these are strong bonus category choices for business owners.
But if you find yourself spending a lot of money on a particular aspect of your business, or you won’t get overwhelming value from this set of categories, another card might be better. It depends on the expenditure needs of your business.
Related: Comparison of flat interest rates with bonus category cash backpack credit cards
Redemption of cash on Bank of America triple cash business card
You can Bank of America triple cash business card To obtain a statement credit, deposit it into a qualified Bank of America account, transfer it to a Bank of America reward card or redeem it immediately with a real-time reward.
Since you recycle cash with your card, you don’t necessarily maximize the value of your rewards and earn a card with transferable points or miles. But if you value the simplicity of cash returns, the Bank of America triple cash reward visa business card can provide exactly what you want.
It is important to note that the cash reward will expire after 12 months of account inactivity. Make sure you make a purchase on the card at least once within 12 months to prevent your reward from expired.
Related: Pros and cons of cash backing credit cards
Which cards compete with Bank of America triple cash business cards?
There are multiple cards on the market that offer cash rewards to business owners. This is with Bank of America triple cash business card:
- If you are a preferred Rewards® member of Bank of America: this US Banking Advantage Unlimited Cash Rewards MasterCard® Credit Card It’s a great option for loyal banking customers who want to earn simple cash on commercial purchases. You can get unlimited cash back up to 2.62% on all purchases, depending on your level in your preferred rewards program. To learn more, read our full review of Unlimited Cash Rewards Mastercard for U.S. Banking Advantages.
- If you lead a high-spending business: If you are looking for a flat rate cashback business card, Capital One Spark Cash Plus is a reliable option as it gets unlimited 2% cashback on all purchases. If your business has a lot of fees and you are willing to pay a $150 annual fee (see interest rates and fees), this is a great option. To learn more, read our full review of Capital One Spark Cash Plus.
- If your business costs less than $25,000 per year: this Chase Ink Business Cash® Credit Card (See interest rates and fees) In certain business categories (office supply stores, internet, cable TV and telephone services), up to $25,000 in cash back, while in the combined purchase year of gas stations and restaurants, it can be used for up to the combined purchases of high-value options for businesses spent in these categories. To learn more, read our full review of Ink Business Cash.
For more options, check out our list of the best business cash backpack credit cards.
Related: Cash Back and Travel Rewards: How to Choose a Credit Card
Is Bank of America’s triple cash card worth it?
If you spend it in the bonus category Bank of America triple cash business cardFor example, office supplies, restaurants, and gasoline and electric car charging, the card may be a reliable option to earn extra cash.
But if you find that this set of categories is too narrow and doesn’t maximize the $100 software subscription credit, you’ll probably be better than your competitors.
Bottom line
this Bank of America triple cash business card This is a great option for business owners who want to earn cash without an annual fee.
The most important consideration is to make sure your business is best suited to the bonus category offered and that you don’t need to offer more travel allowances on your business card. If you can maximize the privilege of Bank of America triple cash reward visa business card, it might be great for you.
Apply here: Bank of America triple cash reward visa business card
