Bank of America Business Credit Cards

There is only one Merrill business card, the Merrill Business Credit Card. This card offers 1 point per $1 spent on all purchases. Points are worth 1.5 cents each. When you’ve earned a minimum of 3,000 points, you’ll be eligible to receive rewards in the form of a check or a direct deposit into an eligible Bank of America or Merrill Edge account. The card’s annual fee is: None.

The Merrill Business Credit Card stacks up favorably against other BofA business cards in some categories. However, it lags far behind on others. It requires excellent credit in order to be approved, the same as all other Bank of America business credit cards. But there’s no initial bonus or low introductory APR, and it offers far less in rewards.

One good alternative is the Business Advantage Travel Rewards World Mastercard® Credit Card, which offers 3 points / $1 spent on travel booked through the Bank of America Travel Center and 1.5 points / $1 on all other purchases. There’s also a bonus of 30,000 points when you spend $3,000 in the first 90 days. Similarly, the Business Advantage Customized Cash Rewards Credit Card gives 1 - 3% cash back on select purchases and has a $300 bonus for spending $3,000 in the first 90 days.

You need a credit score of at least 750 to get a Bank of America business credit card, which is excellent credit. That doesn’t guarantee that your application will be approved, but the credit score can serve as a risk indicator to the credit card company, letting it know how likely it is that you’ll repay your debt.

Bank of America will look at the big picture, which includes the number of delinquent accounts in your credit reports, hard inquiries, debt, and income.