Am I eligible?
To get this card, you must also:
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...
- Ben Walker, FinanceBuzzThe 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...
- Brett Holzhauer, MoneyGeekIf 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.
- Melissa Lambarena, Robin Saks Frankel, NerdWalletIts 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.
- Tricia Tetreault, Fit Small BusinessThe 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.
- Rebecca Lake, InvestopediaThe 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.
Details
| Interest Rates | |
|---|---|
| Regular APR Interest Rate |
14.74% ‐ 25.74% (Variable) (0% for the first 7 months) This APR will vary with the market based on the Prime Rate. |
| Balance Transfer Interest Rate |
14.74% ‐ 25.74% (Variable) This APR will vary with the market based on the Prime Rate. |
| Cash Advance Interest Rate |
28.74% (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 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 |
|
| 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 |
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