Bank of America Triple Cash Rewards Visa Business Card Overview
The Bank of America Triple Cash Rewards Visa® Business Card rewards business owners with higher earnings through multiple popular bonus categories. However, if you’re looking for rewards that are more flexible than cash back, or you spend extra in certain areas, you might be better off with another option. Overall, the Bank of America Triple Cash Rewards Visa Business Card is a good choice for those who like to earn cash back rewards on their business spending. Card Rating*: ⭐⭐⭐
*card rating Based on the opinions of TPG editors and not influenced by card issuers.
When it comes to deciding on a business credit cardthere are multiple factors to consider. You can choose to earn cash back or transferable rewards, and the card can accumulate rewards at a flat rate or earn more rewards in specific categories.
The Bank of America Triple Cash Rewards Visa Business Card earns cash back on spending categories that business owners use frequently.
The card has no annual fee and a credit score of at least 670 is recommended. Read on to learn more about the Bank of America Triple Cash Rewards Visa Business Card and find out if it’s right for you and your business needs.
Related: Who is eligible to apply for a business credit card?
Information for the Bank of America Triple Cash Rewards Visa Business Card is independently collected by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Pros and Cons of the Bank of America Triple Cash Rewards Visa Business Card
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Bank of America Triple Cash Rewards Visa Business Card Welcome Offer
With the Bank of America Triple Cash Rewards Visa Business Card, new cardholders can earn a one-time cash back bonus of $750 when they spend $6,000 in purchases within 180 days of account opening.
If you’re looking for a cash back option, especially for a card with no annual fee, this is a solid welcome offer.
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Additionally, the offer is higher than the bonuses new cardholders will receive when the card first launches in 2021.
Related: The best welcome bonus currently available
Bank of America Triple Cash Rewards Visa Business Card Benefits
You get a standard set of benefits with almost no frills with the US Bank Triple Cash Rewards Visa Business Card.
The card’s standout benefit is a $100 credit toward recurring annual purchases of qualifying software subscriptions, such as QuickBooks or FreshBooks. This is a real benefit for business owners who already use these services or can find value in them.
Thanks to its Visa benefitsavailable with the Bank of America Triple Cash Rewards Visa Business Card Car Rental Collision Damage Waiver, Travel and emergency assistance servicespurchasing security, extended warranty protection, and access to Visa discounts.
Business owners can also use free online tools to track and report spending made with the Bank of America Triple Cash Rewards Visa Business Card.
Please note that this card charges a 3% fee foreign transactionsso it’s best to leave this card at home and get another one No foreign transaction fees If you travel abroad.
These products are good for one person No annual fee cardalthough you’re better off booking major travel with a card with more protection.
Related: The Best Cards for Trip Cancellation and Interruption Insurance—And What They Really Cover
Earn cash back with the Bank of America Triple Cash Rewards Visa Business Card
The U.S. Bank Triple Cash Rewards Visa Business Card lives up to its name, as it earns 3% cash back on multiple rewards categories—on gas Electric vehicle charging stations (transactions of $200 or less, excluding discount stores, supercenters and wholesale clubs), office supply stores, Cell phone service providerand Restaurant.
On April 14, 2025, the card will expand its restaurant bonus earning categories to include restaurant delivery.
You also get 5% cash back on prepayments hotel and car rental Book through the issuer’s Travel Rewards Center. You get 1% return on everything else.
With no income cap, these are powerful bonus category options for business owners.
However, if you find that you’re spending a lot of money on a specific aspect of your business, or you’re not getting great value from this set of categories, you might be better off with another card. This depends on your business’s spending needs.
Related: The best rewards credit cards for every bonus category
Redeem cash back with the Bank of America Triple Cash Rewards Visa Business Card
You can redeem cash rewards earned with the US Bank Triple Cash Rewards Visa Business Card for statement points, deposit them into an eligible US Bank account, transfer them to a US Bank Rewards card, or redeem them instantly with real-time rewards .
Since you earn cash back with this card, you won’t necessarily be able to maximize the value of your rewards as you would with a card that earns cash Transferable points or miles. However, if you value simplicity cash back rewardsthe Bank of America Triple Cash Rewards Visa Business Card has you covered.
Please note that any rewards earned on or after April 14, 2025 will expire after 12 months of account inactivity. Make sure you make at least one purchase with your card within a 12-month period to prevent your rewards from expiring.
Related: Advantages and Disadvantages of Cash Back Credit Cards
Which cards compete with the Bank of America Triple Cash Rewards Visa Business Card?
There are several cards on the market that offer cash back rewards to business owners. Here are three options competing with the Bank of America Triple Cash Rewards Visa Business Card:
- If you are a Bank of America Preferred Rewards® member: this Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® Credit Card This is a great option for loyal Bank of America customers who want to earn easy cash back on business purchases. You can earn up to 2.62% unlimited cash back on all purchases, depending on your level in your preferred rewards program. To learn more, check out our Comprehensive Review of the Bank of America Business Advantage Unlimited Cash Rewards Mastercard.
- If you lead a high-spend business: this Capital One Spark Cash Plus If you’re looking for a flat-rate cash back business card, it’s a great option because you get unlimited 2% cash back on all purchases. If your business has significant expenses and you’re willing to pay the $150 annual fee (see Rates and fees). To learn more, check out our Capital One Spark Cash Plus Full Review.
- If your business spends less than $25,000 per year: this Chase Ink Business Cash® Credit Card Earn 5% cash back on combined purchases up to $25,000 in select business categories (office supply stores, Internet, cable TV and phone service) and up to $25,000 in combined purchases at gas stations and restaurants each card membership year Earn 2% cash back, making it a high-value option for businesses spending in these categories. To learn more, check out our Chase Ink Business Cash Comprehensive Review.
For more options, check out our list Best Business Cash Back Credit Cards.
Related: Cash Back vs. Travel Rewards: How to Choose a Credit Card
Is the Bank of America Triple Cash Rewards Visa Business Card worth it?
If you find yourself spending in the bonus categories covered by the U.S. Bank Triple Cash Rewards Visa Business Card, such as office supplies, restaurants, gas, and electric vehicle charging, then this card may be a solid choice for earning extra cash back.
However, if you find that this set of categories is too narrow and you can’t take full advantage of the $100 software subscription credit, you might be better off choosing a competitor.
bottom line
The Bank of America Triple Cash Rewards Visa Business Card is a great option for business owners who want to earn cash back with no annual fee.
The most important consideration is to make sure your business is best suited to spend within the reward categories offered and that you don’t need to offer more travel benefits on your business cards. If you can maximize the benefits of the Bank of America Triple Cash Rewards Visa Business Card, it might be a good fit for you.
Related: 10 Considerations for Small Business Credit Card Strategy
