WorldPoints Travel Rewards for Business Visa Credit Card Review | CreditShout

WorldPoints Travel Rewards for Business Visa Credit Card Review

By Dan Rafter / November 17, 2010

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Verdict: If you’re a small business owner and a frequent traveler, you’ll be able to quickly build rewards points with the WorldPoints Travel Rewards for Business Visa Credit Card. The card, issued through Bank of America, also comes with no annual fee, a introductory interest rate of 0 percent and a reasonable interest rate, depending on cardholders’ credit scores, after the intro period ends. In short, it’s a top-flight business card.

Overview: The WorldPoints Travel Rewards for Business Card allows cardholders to build up rewards points at two different rates. They’ll earn points faster when they charge a host of travel-related purchases and slower for all other charges.

How This Card Works: Cardholders can redeem their rewards points for merchandise, gift certificates, cash, airline flights, hotel stays and car rentals once they reach a minimum of 2,500 points. They can also add employee cards to their account at no cost. Business owners can then set differing credit limits for each employee card that they issue.

Travel and Shopping Benefits: Cardholders earn two rewards points for every dollar they charge for travel-related purchases. The card has a liberal definition of travel-related, good news for cardholders. Cardholders will get their double miles every time they charge airline tickets, hotel stays, car rentals and cab fares. Even better, cardholders will also earn their double miles when they charge purchases related to their daily commutes to work.

Cardholders earn a single mile for all other charges they make.

Fees: The WorldPoints Travel Rewards for Business card comes with no annual fee. It also comes with an introductory interest rate of 0 percent for the first nine billing cycles. After this period, the interest rate adjusts to 11.24 percent to 21.24 percent, depending on cardholders’ credit. The card’s cash advance fee is an industry standard $10 or 4 percent of the advance amount, whichever is higher.

Pros

  • No annual fee.
  • Easy to earn double miles.
  • Can add employee cards at no extra cost.

Cons

  • Interest rate can run as high as 21.24 percent depending on cardholders’ credit scores.
  • Cardholders can’t redeem points until they’ve earned at least 2,500 of them.
    • The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author's alone. Additionally, the opinions of the commenters are not necessarily the opinions of this site

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