Note: We may earn commissions (at no cost to you) if you buy through links on our site. Learn more.

Platinum Plus® Mastercard® Business card review

Compare Compare  
Advertiser Disclosure

Annual Fee
$0.00
Interest Rate: Purchases
12.49% ‐ 23.49% (Variable) (0% for the first 7 months)
Interest Rate: Purchases
12.49% ‐ 23.49% (Variable) (0% for the first 7 months)
Balance Transfer
12.49% ‐ 23.49% (Variable)
Balance Transfer
12.49% ‐ 23.49% (Variable)
Rewards
-
Rewards
-
Signup Bonus
$300 after spending $3,000
Signup Bonus
$300 after spending $3,000


5.6/10
Informr score
The Platinum Plus® Mastercard® Business card currently has an Informr score of 5.6 out of 10. This score is based on our evaluation of 4 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...


NerdWallet
NerdWallet

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
Investopedia
Investopedia

The Bank of America Platinum Plus Mastercard Business card is a true basic credit card, in the sense that it’s deliberately designed to forgo frills—most notably, any rewards—in service of delivering unusually low APRs.

- Rebecca Lake, Investopedia
Finder
Finder

The Bank of America® Platinum Plus® Mastercard® Business card has no annual fee and a potentially low interest rate, which can be helpful if you want to keep costs down. However, it lacks rewards, which is a serious drawback.

- Kevin Joey Chen, Finder

Details


Interest Rates
Regular APR Interest Rate 12.49% ‐ 23.49% (Variable) (0% for the first 7 months)

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

Balance Transfer Interest Rate 12.49% ‐ 23.49% (Variable)

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

Cash Advance Interest Rate 26.49% (Variable)

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

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

Minimum of $10

Cash Advance Fee 4%

Minimum of $10

Foreign Transaction Fee 3%

Of each transaction in U.S. dollars.

Over Limit Fee $0.00
Late Payment Fee $49.00

Maximum

Promotions
Sign up bonus $300 after spending $3,000

On purchases within the first 3 months.

Rewards
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
Eligibility
Minimum Security Deposit $0
Minimum Age 18
Minimum Personal Income
Temporary Residents No
More
Additional comments -
Terms & Conditions Official Terms & Conditions
Suggest a correction

Disclaimer: All products, logos, images and trademarks are the property of their respective owners. Content is not provided or commissioned by any company mentioned. Any views, analyses, or recommendations expressed here are those of the author's alone, and may not have been reviewed, approved or otherwise endorsed by any company mentioned.

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.

Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

The Informr is an independent, advertising supported website and may receive compensation for sponsorships or when you click on certain affiliated links.

Use this card?

Help inform others by sharing your experience with Platinum Plus® Mastercard® Business card

Rate It: