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  Bank of America Platinum Visa® Business Credit Card

Bank of America Platinum Visa® Business Credit Card

in Business Credit Cards from Bank of America

Unaffiliated

Bank of America Platinum Visa® Business Credit Card

Unaffiliated

in Business Credit Cards from Bank of America

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Highlights
Highlights
Annual Fee N/A
Purchase APR  (Variable APR) 11.24% - 22.24%
Balance Transfer APR  (Variable APR) 11.24% - 22.24%
Credit Score Range 750 - 850

Bank of America Platinum Visa® Business Credit Card Review

Who is Bank of America Platinum Visa® Business Credit Card designed for?

Bank of America Platinum Visa® Business Credit Card is a credit card issued by Bank of America. 

This card is for businesses with very good credit. You need a credit score of at least 750 to apply.

What are the relevant APRs for Bank of America Platinum Visa® Business Credit Card?

Bank of America Platinum Visa® Business Credit Card has a variable purchase APR that ranges from 11.24% up to 22.24% . The card has a variable balance transfer APR that ranges from 11.24% up to 22.24% .

It also has a variable cash advance APR starting at 26.24% .

The good news is this card does not charge a penalty APR if you are late on a payment.

Does Bank of America Platinum Visa® Business Credit Card have an introductory APR offer?

No, Bank of America Platinum Visa® Business Credit Card does not come with an introductory APR offer for balance transfers.

This card does offer an introductory APR rate on new purchases of 0%

Bank of America Platinum Visa® Business Credit Card Rates & Terms
Purchase APR 11.24% - 22.24%
Balance Transfer APR 11.24% - 22.24%
Cash Advance APR Starting at 26.24%
Penalty APR 0%

What are the Bank of America Platinum Visa® Business Credit Card fees?

The following fees apply to Bank of America Platinum Visa® Business Credit Card:

  • A late payment penalty of up to $49.
  • A returned payment fee of up to $39.
Bank of America Platinum Visa® Business Credit Card Fees
Fees Amount
Balance Transfer Fee 4%
Minimum Balance Transfer Fee $10
Returned Payment Fee $39
Late Payment Fee $19 to $49

Is there a Bank of America Platinum Visa® Business Credit Card cash back or rewards program?

No, Bank of America Platinum Visa® Business Credit Card does not offer a rewards program.

What are the Bank of America Platinum Visa® Business Credit Card benefits?

Bank of America Platinum Visa® Business Credit Card provides the following benefits:

  • Free Credit Score
  • Auto Rental Collision Damage Waiver
  • Emergency Support
  • Extended Warranty Protection
  • Trip Cancellation Insurance
  • Fraud Liability
  • Travel Accident Insurance
  • Travel Assistance
  • Reports to major credit bureaus

Does Bank of America Platinum Visa® Business Credit Card report your account activity to credit bureaus?

Bank of America Platinum Visa® Business Credit Card reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.

How to apply for Bank of America Platinum Visa® Business Credit Card

  • Visit the Bank of America .
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
  • Check the information is accurate and submit your application.
  • If you're denied click here to find out why your application may have been rejected and what you can do about it.
SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Feature Breakdown

No Annual Fee  
No Interest Grace Period for Late Payment 25
Balance Transfer Fee % 4%
Balance Transfer Fee Minimum $10
Cash Advance Fee (%) 4%
Cash Advance Fee Minimum $10
Late Fee Amount $19 - $49
Minimum Interest Charge $1
Returned Payment Fee $39
Customer Type Business
Minimum Age 18
Card Network
  • Visa
Card Type
  • Bonus Offers
  • Low Interest
Credit Bureau Reporting
  • Equifax
  • Experian
  • TransUnion
Car Rental Insurance  
Credit Card Benefits
  • Auto Rental Collision Damage Waiver
  • Emergency Support
  • Extended Warranty Protection
  • Fraud Liability
  • Free Credit Score
  • Travel Accident Insurance
  • Travel Assistance
  • Trip Cancellation Insurance
Emergency Support  
Extended Warranty  
Fraud Liability  
Free FICO Score  
Lost Luggage Insurance  
Travel Insurance  
Signup Bonus $300
Cash Advance APR (Variable APR) Starting at 26.24%
Purchase APR (Variable APR) 11.24% - 22.24%
Introductory Rate 0%
Penalty APR 0%
Balance Transfer APR (Variable APR) 11.24% - 22.24%

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Bank of America Business Credit Cards

Product

Reviews

Annual Fee

Purchase APR

Balance Transfer APR

Credit Score Range

Bank of America Business Advantage Cash Rewards
Annual Fee $0 Annual Fee
Purchase APR 14.24% - 24.24%
(Variable APR)
    0% 28% Variable APR
Balance Transfer APR 14.24% - 24.24%
(Variable APR)
    10% 27% Variable APR
Credit Score Range 800 - 850     500 850
Bank of America Business Advantage Travel Rewards World Mastercard
Annual Fee $0 Annual Fee
Purchase APR 13.24% - 23.24%
(Variable APR)
    0% 28% Variable APR
Balance Transfer APR 13.24% - 23.24%
(Variable APR)
    10% 27% Variable APR
Credit Score Range 800 - 850     500 850
Cash Rewards for Business Mastercard
Annual Fee $0 Annual Fee
Purchase APR 12.74% - 22.74%
(Variable APR)
    0% 28% Variable APR
Balance Transfer APR 12.74% - 22.74%
(Variable APR)
    10% 27% Variable APR
Credit Score Range N/A Credit Score Range
Alaska Airlines Business credit card
Annual Fee $50 Annual Fee
Purchase APR 16.99% - 24.99%
(Variable APR)
    0% 28% Variable APR
Balance Transfer APR 16.99% - 24.99%
(Variable APR)
    10% 27% Variable APR
Credit Score Range 800 - 850     500 850
Asiana Airlines Business credit card
Annual Fee $80 Annual Fee
Starting Purchase APR 15.24% Starting Variable APR
Starting Balance Transfer APR 15.24% Starting Variable APR
Credit Score Range 800 - 850     500 850