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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

Net Recommendation Score +100%

SUPERMONEY NET RECOMMENDATION SCORE

+100%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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Highlights
Community Rating

Rating not yet determined  

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

Bank of America Platinum Visa® Business Credit Card Review

Bank of America Platinum Visa® Business Credit Card FAQ

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:

  • Reports to major credit bureaus

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

Yes, 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 may help improve your credit.

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...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Feature Breakdown

No Annual Fee  
No Interest Grace Period for Late Payment 25 days
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
Credit Score Range 750 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
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
Signup Bonus Starting at $300
Cash Advance APR (Variable APR) Starting at 26.24%
Penalty APR (Variable APR) 0%
Purchase APR (Variable APR) 11.24% - 22.24%
Balance Transfer Fee % 4%
Balance Transfer Fee Minimum $10
Balance Transfer APR (Variable APR) 11.24% - 22.24%
Card Network Visa
Card Type
  • Low Interest
  • Bonus Offers

Bank of America Platinum Visa® Business Credit Card Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

+100%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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