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Platinum Plus® Mastercard® Business card review

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Advertiser Disclosure

Annual Fee
Interest Rate: Purchases
16.49% ‐ 27.49% (Variable) (0% for the first 7 months)
Interest Rate: Purchases
16.49% ‐ 27.49% (Variable) (0% for the first 7 months)
Balance Transfer
16.49% ‐ 27.49% (Variable)
Balance Transfer
16.49% ‐ 27.49% (Variable)
Signup Bonus
$300 after spending $3,000
Signup Bonus
$300 after spending $3,000

Informr score
The Platinum Plus® Mastercard® Business card currently has an Informr score of 5.5 out of 10. This score is based on our evaluation of 7 sources including reviews from users and the web's most trusted critics.

Am I eligible?

Platinum Plus® Mastercard® Business card is typically available to those with excellent credit scores (650 or greater).
To get this card, you must also:
Yes Be a permanent or temporary resident of USA

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...

This bare bones business card offers a relatively low interest rate for cardholders with excellent credit and an appealing sign-up bonus; however, it doesn’t offer a rewards program.

- Kelly Dilworth,

The Bank of America Platinum Plus makes sense if you want a business credit card that provides important purchase and travel protections, as well as an intro APR offer on purchases. It also doesn’t hurt that you can earn a valuable welcome bonus as a new cardmember. But the lack of earning potential...

- Ben Walker, FinanceBuzz

If you’re a small business looking to carry a balance from month to month and maintain low-interest rates, then the Bank of America® Platinum Plus® Mastercard® Business card ticks all of those boxes.

- Brett Holzhauer, MoneyGeek

Its most notable feature is the potential for a lower-than-average ongoing APR for those who qualify, but other small-business cards can offer a lot more value.

- Melissa Lambarena, Robin Saks Frankel, NerdWallet
Fit Small Business
Fit Small Business

The Bank of America Platinum Plus® Mastercard® is an excellent choice if you need a card that offers a low ongoing APR and no annual fee.

- Tricia Tetreault, Fit Small Business


Interest Rates
Regular APR Interest Rate 16.49% ‐ 27.49% (Variable) (0% for the first 7 months)

This APR will vary with the market based on the Prime Rate.

Balance Transfer Interest Rate 16.49% ‐ 27.49% (Variable)

This APR will vary with the market based on the Prime Rate.

Cash Advance Interest Rate 29.49% (Variable)

This APR will vary with the market based on the Prime Rate.

Rates & Fees
Annual Fee $0.00
Balance Transfer Fee 4%

Cash Advance Fee 4%
Foreign Transaction Fee 3%

Of each transaction in U.S. dollars.

Over Limit Fee $0.00
Late Payment Fee $49.00


Sign up bonus $300 after spending $3,000

On purchases within the first 3 months.

All Purchases No
Restaurants No
Gas No
Groceries No
Hotels No
Travel No
Pharmacy No
Bills No
Features & Benefits
Additional Card Holders Yes
Travel Accident Insurance Yes
Car Rental Insurance Yes
Car Rental Discount No
Extended Warranty No
Purchase Protection No
Zero Liability Yes
No Foreign Transaction Fees No
Emergency Assistance Yes
Concierge Service No
Price Protection No
Fraud Protection Yes
Free Credit Scores No
Wireless Payments No
Virtual Cards No
Additional Benefits
  • Cash Flow Management Tools
  • Travel and Emergency Services
  • Overdraft Protection
Minimum Security Deposit $0
Minimum Age 18
Minimum Personal Income
Temporary Residents No
Additional comments -
Terms & Conditions Official Terms & Conditions
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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

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