As more and more small business owners recognize the importance of business credit cards, competition among credit card issuers is also growing stronger. To keep up with its competitors, the Bank of America offers exclusive services for its loyal credit card holders.



For instance, the Bank of America business credit card enables its holders to link their business credit card accounts to their checking accounts. This way, in case of an overdraft, they can arrange for the bank to transfer funds from their business credit card account and cover the draft. The funds will be transferred in multiples of $100. This gives a business owner more reassurance as long as he has available credit in his business credit card.

But what if your credit is not enough to cover the overdraft? Will Bank of America release more funds to cover the draft even if it means exceeding your credit limit? The answer is yes. There is a provision for those with insufficient credit. However, it will be considered as a short term loan which should be paid in full on the next payment due date. This should buy time for the business owner to gather the money needed to pay back his debt.

Bank of America business credit card holders can also use its electronic payment system so that payments can be automatically sent as scheduled. This way, late payments can be avoided. For small business owners with very hectic schedules, such an option is indispensable.

Purchases made using the business credit card are also protected with an extended warranty of up to another year aside from the manufacturer's standard warranty period. Other perks of this business credit card from Bank of America are cash backs and discounts.

How much will a Bank of America business credit card cost you? The bank of America offers 0% APR for 9 months. Afterwards, the regular interest rates would range from 6.99%, 9.99%, 15.24% or 18.24% variable APR.

For small business owners, the Bank of America business credit card can be a great tool in building business credit. Remember, building a solid credit history means staying within your credit limit and submitting your payments on time. Lastly, carefully examine the credit card's Agreement in full before submitting your application.