Bank of America Triple Cash Rewards Visa Business Card: Full Review
Overview of the Bank of America Triple Rewards Visa Business Card
The Bank of America Triple Rewards Visa® business card rewards high-earning business owners across many popular bonus categories. However, if you’re looking for more flexible rewards than cash back, or if you spend more in certain areas, you might want to choose another option. Overall, the US Bank Triple Cash Rewards Visa Business Card is a good choice for those looking to earn cash back rewards on business expenses. Card rating*: ⭐⭐⭐
*Card review based on the opinions of the TPG editorial board and not influenced by the card issuer.
When it comes to deciding one business credit cardThere are many factors to consider. You can choose to earn cash back or transferable rewards, and the card can accumulate rewards at a fixed rate or earn more in specific categories.
The Bank of America Triple Rewards Visa business card earns cash back in spending categories commonly used by business owners.
The card has no annual fee and a recommended credit score of at least 670. Read on to learn more about the Bank of America Visa Triple Cash Rewards Business Card and see if it’s right for you and your needs your business or not.
Related: Who is eligible for a business credit card?
Information about the Bank of America Triple Cash Bonus Visa Business Card has been 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 Rewards Visa Business Card
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US Bank Visa Business Card triple cash 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 after spending at least $6,000 within 180 days of when opening an account.
This is a solid welcome offer if you’re looking for a cash back option, especially for a card with no annual fee.
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Additionally, this is on top of the bonuses new cardholders could earn when the card was first introduced in 2021.
Related: The best welcome bonus available
Benefits of the Bank of America Triple Rewards Visa Business Card
You can expect the standard set of perks on the Bank of America Triple Cash Rewards Visa Business Card with a few frills.
The card’s standout perk is a $100 annual credit on recurring purchases of qualifying software subscriptions, such as QuickBooks or FreshBooks. This is a solid benefit for business owners who already use these services or can find value from them.
Thanks to it Visa benefitsBank of America’s triple cash rewards Visa business card offers one Car rental collision damage waiver, Travel and emergency assistance servicesPurchase guarantee, extended warranty and Visa discounts.
Business owners also have access to a free online tool to track and report spending made with the Bank of America Triple Rewards Visa Business Card.
It’s important to note that the card charges a 3% fee above foreign transactionsso it’s best to leave this card at home to exchange for one There are no foreign transaction fees if you travel abroad.
The service is decent for one annual fee free cardEven so, it’s better to book big travel with a card that offers more protections.
Related: The best cards for trip cancellation and trip interruption insurance — and what it actually covers
Earn cash back on the Bank of America Triple Rewards Visa Business Card
The US Bank Triple Cash Bonus Visa business card is aptly named, as it earns 3% cash back in multiple bonus categories – make purchases at gas and electric vehicle charging stations (when the transaction is $200 or less and excludes discount stores, super centers and wholesale clubs), office supply stores, mobile phone service providersAnd restaurant.
On April 14, 2025, the card will expand its restaurant rewards earning categories to include restaurant delivery.
You’ll also get 5% cash back when you prepay hotel And car rental booked through the issuer’s Travel Rewards Center. You’ll earn 1% back on everything else.
With no income limits, these are strong bonus category options for business owners.
However, if you find that you spend too much money on a particular aspect of your business or you won’t get great value from this group of categories, you’re better off with a card. other. It depends on your business’s spending needs.
Related: Credit cards with the best rewards for each bonus type
Redeem cash back on the Bank of America Triple Rewards Visa Business Card
You can redeem cash rewards earned with the US Bank Triple Rewards Visa Business Card for statement credits, deposit them to a qualified US Bank account, transfer them to the Rewards Card US Bank rewards or redeem them instantly with Real-Time Rewards.
Since you earn cash back with the card, you don’t necessarily maximize the value of your rewards like you can with a money-earning card Points or miles are transferable. However, if you value the simplicity of Cashback rewardsThe Bank of America Triple Cash Rewards Visa business card may offer exactly what you’re looking for.
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 avoid your rewards expiring.
Related: Pros and cons of cash back credit cards
Which cards compete with the US Bank Triple Cash Rewards Visa Business Card?
There are many cards on the market that offer cash back rewards to business owners. Here are a trio of options that compete with the US Bank Triple Rewards Visa Business Card:
- If you are a Bank of America Preferred Rewards® member: the Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® Credit Card is a good choice for loyal Bank of America customers who want to earn simple cash back on business purchases. You can earn unlimited cashback of up to 2.62% on all purchases, depending on your level in the Preferred Rewards program. To learn more, take a look Full review of the Bank of America Business Advantage Unlimited Cash Rewards Mastercard.
- If you lead a high-spending business: the Capital One Spark Cash Plus is a solid choice if you’re looking for a flat-rate cash back business card, as it earns unlimited 2% cash back on all purchases. This is a good choice if your business has a lot of expenses and you’re willing to pay an annual fee of $150 (see exchange rates and fees). To learn more, take a look Full review of Capital One Spark Cash Plus.
- If your business spends less than $25,000 annually: the Chase Ink Business Cash® Credit Card Earn 5% cash back on spending up to $25,000 on combined purchases in select business categories (office supply stores, internet, cable and phone services) and 2% on cash back up to $25,000 in combined purchases at gas stations and restaurants per card membership year, making it a high-value option for businesses spending in these categories. To learn more, take a look Full review of Chase Ink Business Cash.
For more options, see our list of 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 Bonus Visa business card worth it?
If you find yourself spending in the bonus categories included with the Bank of America Triple Rewards Visa Business Card, such as office supplies, restaurants, gas, and electric vehicle charging, the card can be a solid option to earn some extra cash.
However, if you find this category group too narrow and can’t take advantage of the $100 software subscription credit, you’re better off choosing a competitor.
Bottom line
The US Bank Triple Cash Rewards Visa business card is a suitable offer for business owners who want to earn cash back without paying an annual fee.
The most important considerations are to make sure your business is best suited to spend within the bonus categories offered and that you won’t need additional travel perks on the business card. If you can maximize the perks of the Bank of America Visa Triple Cash Rewards Business Card, it could be right for you.
Related: 10 considerations for your small business credit card strategy
