According to Bank of America, unlike credit cards, charge cards require payment in full every month, enabling greater control over expenses without finance charges.
The suite of charge cards includes Business Charge, Business Charge with WorldPoints Rewards and Business Preferred World MasterCard.
Business Charge is the choice for small business owners who want a straightforward solution for business purchases and vendor payments – with no annual fee.
Key features of Business Charge include: free employee cards and ability to set individual credit limits; zero liability protection for unauthorized transactions; expense management tools and customized spending reports; and acceptance at more than 31 million MasterCard merchant locations worldwide.
Business Charge with WorldPoints provides all the features of the Business Charge card plus a rewards program.
Bank of America Unsecured Borrowing and Small Business Products executive Chip Rossi said Charge cards provide small business owners with another option for their payment needs – combining the convenience of short-term credit with the ability to manage their spending and cash flow.
