Business debit card – designed for account holders who are added in the list of persons entitled to sign financial documents on behalf of the company. Holders of this debit card are free to open additional deposit accounts and make payments from the checking account required for business through Bank of America ATMs.
This payment card can unite up to 15 bank accounts, including savings and term deposits. Initially, the bank set a cash withdrawal limit of 700 USD per day. The limit on purchases made with this debit card is maximum. You can spend funds up to the permissible minimum account balance.
Debit card for workers
The card is intended for company employees. Each card has only one checking account. There is a bank limit of $100 for daily cash withdrawals, and $400 for purchases. In order to increase or decrease the allowed limits on a debit card, the cardholder must contact the responsible persons of the company (account signers) who have the right to regulate the restrictions.
A debit card can be used to pay for purchases in all stores and for services. This card may well replace cash. In case of cash withdrawal, cardholders have round-the-clock access to the Bank of America network.
Credit cards
Bank of America offers its corporate customers credit cards of various categories, which are released for different interest rates and levels of premiums. Based on this, clients can choose the most suitable terms for themselves.
Premium Cash Rewards Business MasterCard
The bank review of the application in case of providing the client with a credit card lasts within 10-12 working days. In case of the bank approval, the card is provided within 7-10 days. If it is planned to send the card to the owner by mail, the bank will take 30 days for this.
The terms of using the Cash Rewards for Business MasterCard provide for rewarding card users in the form of a refund to the account spent on purchases. When shopping in stores, a 1% return on the amount spent is provided, in restaurants – 2%. In stationery stores and gas stations – 3%, upon reaching the bonus amounts of 250,000 USD, the bank applies a rate of 1% of the amount.
During the first 9 months of using the card, the bank does not apply the interest rate. At the owner request, the bank can provide the required number of credit cards. There is no annual membership fee on the card. If the credit card is linked to the current account and the client needs an overdraft for purchases, the bank will withdraw $100 from the account in advance.
Persons who have the right to sign the agreement online can manage the card account and set the maximum limit through the Internet bank. The cardholder provides insurance for the amount of $100,000 against accidents during travel, when renting a car, etc.
Business ™ Visa® WorldPoints® Rewards
The credit card terms and rates include bonus bank charges for purchases in shops and services. The cardholder also receives cumulative points for air tickets, when traveling or business trips. So, after the cardholder has accumulated bonuses for 2,500 miles, they can be used as redemption on gift credit cards, to receive cash or used while traveling for services and goods.
When shopping at a stationery store, paying for fuel at gas stations and paying for services in restaurants, the bank will award 2 points for every dollar spent. For purchases of goods and products in other stores, one point is assigned for every dollar. There is no annual fee and during the first 9 months the bank does not charge interest for using the card.
Business Preferred World MasterCard® Payment Card
The so-called “Preferred Card” allows the cardholder to earn up to 10,000 bonus points after the first purchase with the card. The terms for card users do not set any financial limits, since monthly expenses on the card are replenished in full.
If necessary, the limits and categories of purchases may be limited. For the first year of use, the client is not charged an annual membership fee, then an annual fixed payment is applied – $125. According to the terms, each bonus accrued corresponds to one dollar spent when shopping in stores, gas stations, restaurants, hotels and paying for air tickets.
Platinum Visa® Business Credit Card
The card does not set a fixed contribution for the year, but the annual rate is set in the range from 9.49% to 20.49%. When cashing out, a rate of 24.49% per annum is applied. For the first 7 months, the bank applies a 0% rate on purchases of goods. If the card user makes a purchase of goods in the online store in the amount of $500 within the first 60 days after activating the card, the bank credits him with bonus $100.
There is also the principle of using accumulated points, which is possible only after the accumulation of 2,500 points. In case of delay in payments, the bank charges 2% of the total debt. When making international transactions, the bank takes a commission of 2% of the total transaction amount. The cardholder is insured against accidents during travel and when renting a car in the amount of $ 1 million.
Issuing extra cards is free. Insurance is provided against accidents during travel, loss of luggage, replacement of air tickets and when renting a car in the amount of $100,000. Convenient execution of payments and transactions is provided using automatic payment and with the participation of the bank Transfer Management Center (MyReport Center).
Alaska Airlines Visa Business Card®
During the first 90 days of using the Alaska Airlines Visa Business Card, the cardholder can earn 30,000 bonus miles by spending $1,000 on retail purchases. Every 3 bonus miles will be credited in the future for one dollar spent:
- when buying air tickets;
- payment for freight traffic;
- travel packages or in-flight purchases on an Alaska Airlines plane.