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Platinum Plus® Mastercard® Business card review

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Advertiser Disclosure

Interest Rate: Purchases
10.24% ‐ 21.24% (Variable) (0% for the first 7 months)
Balance Transfer
10.24% ‐ 21.24% (Variable)
Signup Bonus
$300 after spending $3,000

Informr score
The Platinum Plus® Mastercard® Business card currently has an Informr score of 5.2 out of 10. This score is based on our evaluation of 2 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...


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

If your business has high spending, you might benefit more from a rewards card. However, the Platinum Plus for Business Mastercard is a good choice for a quick signup bonus. Plus, with excellent credit, you may qualify for a low purchase and balance transfer APR.

- Finder


Interest Rates
Regular APR Interest Rate 10.24% ‐ 21.24% (Variable) (0% for the first 7 months)

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

Balance Transfer Interest Rate 10.24% ‐ 21.24% (Variable)

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

Cash Advance Interest Rate 24.24% (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


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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