Last Updated: 04/18/2025
Bank of America Platinum Plus® Mastercard® Business Credit Card
Unaffiliated
from Bank of America
Last Updated: 04/18/2025
Not enough votes for recommendation
Rating not yet determined3 total votes
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Highlights
Purchase APR (Variable APR)
16.49% - 27.49%(Verified 06/21/2024)
Disclaimer popup with additional information
Balance Transfer APR (Variable APR)
16.49% - 27.49%(Verified 08/24/2024)
Disclaimer popup with additional information
Annual Fee
$0
Disclaimer popup with additional information
Credit Score Range
600 - 850
Bank of America Platinum Plus® Mastercard® Business Credit Card Review
This is a card issued by Bank of America. If you're wondering whether Bank of America Platinum Plus® Mastercard® Business Credit Card is the right card for you, read on.
Key Takeaways
- 0% Intro APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for 7 months, which is shorter than the average 0% APR period of 12 months.
- 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for 7 months.
- Get a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
- APRs: Bank of America Platinum Plus® Mastercard® Business Credit Card has a variable regular purchase APR that ranges from 16.49% up to 27.49%.
- No annual fee. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card , but you don't have to pay an annual fee for the privilege.$0.00
- A 4% balance transfer fee. Bank of America Platinum Plus® Mastercard® Business Credit Card charges a fee of 4% on balance transfers. For example, a balance of $1,000 could cost $40 in transfer fees. The minimum fee is $10.
- Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of up to 3% every time you make a transaction outside the U.S.
- Multiple business credit card benefits. Includes generous credit card perks, such as Auto Rental Collision Damage Waiver, emergency support, extended warranty protection on purchases, travel accident insurance, travel assistance, trip cancellation and interruption protection, and fraud protection.
- Poor credit accepted. This card will consider people who have poor credit.
Pros & Cons of Bank of America Platinum business card
| The Good | The Bad |
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What are the relevant APRs?
This business credit card has a variable purchase APR that ranges from 16.49% up to 27.49% . The card has a variable balance transfer APR that ranges from 16.49% up to 27.49% .
It also has a variable cash advance APR starting at 27.24% .
The good news is this business card does not charge a penalty APR if you are late on a payment.
Does it have an introductory APR offer?
Yes, this business card offers an introductory APR rate on balance transfers of 0% for a period of 7 months from account opening.
This business card does offer an introductory APR rate on new purchases of 0% for a period of 7 months.
| Purchase APR | 16.49% - 27.49% |
| Balance Transfer APR | 16.49% - 27.49% |
| Cash Advance APR | Starting at 27.24% |
| Penalty APR | 0% |
What fees does it charge?
The following fees apply to this business credit card:
- There is no annual fee.
- A late payment penalty of up to $49 .
- Bank of America Platinum business card does not charge a returned payment fee.
Does it charge a foreign transaction fee?
This business card charges a foreign transaction fee of 3%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $60. If you travel abroad you may want to leave this business card at home and apply for one that doesn't charge a foreign transaction fee.
| Fees | Amount |
| Annual Fee | $0 |
| Foreign Transaction Fee | 3% |
| Balance Transfer Fee | 4% |
| Minimum Balance Transfer Fee | $10 |
| Returned Payment Fee | $0 |
| Late Payment Fee | $19 to $49 |
Does it offer a cash back or rewards program?
No, it does not offer a cash back rewards program.
This business card offers rewards to small business owners that use the card to make purchases in the following bonus categories:
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Welcome Offer | Starting at $300 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Rewards Categories | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Rewards Type | No Rewards | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bonus Offer | Get a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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.
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Other Business Credit Cards from Bank of America
Rating not yet determined
Purchase APR
12.24% - 22.24%
Disclaimer popup with additional information
Balance Transfer APR
12.24% - 22.24%
Disclaimer popup with additional information
Annual Fee
$0
Credit Score Range
650 - 850
300
850
Rating not yet determined
Purchase APR
21.24% - 29.24%
Disclaimer popup with additional information
Balance Transfer APR
21.24% - 29.24%
Disclaimer popup with additional information
Annual Fee
$50
Disclaimer popup with additional information
Credit Score Range
650 - 850
300
850
Rating not yet determined
Purchase APR
18.49% - 28.49%
Disclaimer popup with additional information
Balance Transfer APR
18.49% - 28.49%
Disclaimer popup with additional information
Annual Fee
$0
Disclaimer popup with additional information
Credit Score Range
650 - 850
300
850
Purchase APR
18.49% - 28.49%
Disclaimer popup with additional information
Balance Transfer APR
18.49% - 28.49%
Disclaimer popup with additional information
Annual Fee
$0
Disclaimer popup with additional information
Credit Score Range
N/A
Rating not yet determined
Purchase APR
18.49% - 28.49%
Disclaimer popup with additional information
Balance Transfer APR
18.49% - 28.49%
Disclaimer popup with additional information
Annual Fee
$0
Disclaimer popup with additional information
Credit Score Range
650 - 850
300
850
Rating not yet determined
Purchase APR
27.99%
Disclaimer popup with additional information
Balance Transfer APR
27.99%
Disclaimer popup with additional information
Annual Fee
$29 - $49
Credit Score Range
N/A
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Learn MoreSuperMoney Net Recommendation Score
Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.
+33
-1000+100
No one recommends
Everyone recommends
Bank of America Platinum Plus® Mastercard® Business Credit Card Community Reviews
Would you recommend Bank of America Platinum Plus® Mastercard® Business Credit Card to your friends?
Damilare
Jun 11, 2022
May or may not recommend
First of, there is no annual fee like some other bank cards I know. You won’t be held liable for unauthorized charges and will have purchase protection that covers lost, damaged and stolen items for a period after purchase. Also, If you spend $3,000 within the first 90 days of opening your account, you’ll get a $300 statement credit. I have not had issues so far and I will recommend.
TS
T S.
Jan 24, 2021
May or may not recommend
When I had a side business on the West Coast, I used this credit card to enable me to cover expenses and develop a line of credit. I did fall behind on one of the payments, but was given a grace period that helped avoid substantial overdraft fees which could have crippled my long-term financial outlook. Customer service could be dodgy, but I didn't have much need for that as ...Show More
Anthony C.
Oct 5, 2020
May or may not recommend
Bank of America card offers the best cashback deals and has the ultimate flexibility in getting those rewards at many business in so many different cities. Its great to use for rental cars and hotels where you can maximize your end of the year cash back deals. Customer service is also quick to remove any fraud charges without question too.
Showing 3 of 3 reviews
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