On Aug. 4, Bank of America announced a new credit card for its commercial clients. The Bank of America Executive Explorer card is designed for frequent business travelers, with statement credits for travel perks, enhanced insurance coverage, and more. While the card doesn’t offer rewards like points, its benefits can far outweigh the annual cost. Key Takeaways Bank of America has launched a new credit card for corporate and commercial clients whose employees do a lot of business travel. The card has no rewards program but offers hundreds of dollars in annual travel credits, insurance protections, and more. Online applications are not yet available, so those who are interested should…