Platinum Visa® Business Credit Card review

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Advertiser Disclosure

Interest Rate: Purchases
10.99% ‐ 21.99% (Variable) (0% for the first 7 months)
Balance Transfer
10.99% ‐ 21.99% (Variable)
Rewards
-
Signup Bonus
$300 after spending $3,000


6.7/10
Informr score
The Platinum Visa® Business Credit Card currently has an Informr score of 6.7 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 Visa® Business Credit 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...


CreditCards.com

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, CreditCards.com
Compare Cards

The Bank of America® Platinum Visa® Business credit card is a pretty bare bones business credit card, but it comes with a few nice perks and rewards. Overall, it could be a good choice for any business owner that wants to keep things simple with a low interest rate.

- Compare Cards
Money Crashers

A no-frills product that’s great for business owners looking to catch a break on interest charges or capture an easy $200 by spending at least $500 within 60 days of account opening. Plus, with no annual fee, there’s no financial downside to keeping it around for occasional use (provided you pay off...

- Brian Martucci, Money Crashers
ValuePenguin

The Bank of America Platinum Visa Business credit card offers a low APR and average sign-up bonus, but not much more beyond that. There is neither a rewards program nor cash back, meaning individuals and businesses will be receiving very few benefits. Despite having no annual fee, overall, we fail t...

- Karanveer Singh, ValuePenguin
Finder

If you’re running a small business and want a credit card with competitive APR on purchases and with no annual fees, then Platinum Visa Business Credit Card is a credit card worth considering.

- Finder

Details


Interest Rates
Regular APR Interest Rate 10.99% ‐ 21.99% (Variable) (0% for the first 7 months)

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

Balance Transfer Interest Rate 10.99% ‐ 21.99% (Variable)

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

Cash Advance Interest Rate 25.99% (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
Additional Benefits
  • Overdraft Protection
  • Lost luggage reimbursement
  • Trip cancellation coverage
  • Trip delay reimbursement
Eligibility
Minimum Security Deposit $0
Minimum Age 18
Minimum Personal Income
Temporary Residents No
More
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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Critic Reviews


CreditCards.com

Some business-friendly benefits

from CreditCards.com

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.

Read full review

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.

Read full review

Less

Compare Cards

A simple, easy to use card with a nice intro APR on purchases

Compare Cards

The Bank of America® Platinum Visa® Business credit card is a pretty bare bones business credit card, but it comes with a few nice perks and rewards. Overall, it could be a good choice for any business owner that wants to keep things simple with a low interest rate.

Read full review

The Bank of America® Platinum Visa® Business credit card is a pretty bare bones business credit card, but it comes with a few nice perks and rewards. Overall, it could be a good choice for any business owner that wants to keep things simple with a low interest rate.

Read full review

Less

Money Crashers

A great card to hold temporarily

from Money Crashers

A no-frills product that’s great for business owners looking to catch a break on interest charges or capture an easy $200 by spending at least $500 within 60 days of account opening. Plus, with no annual fee, there’s no financial downside to keeping it around for occasional use (provided you pay off your balance in full each month).

Read full review

A no-frills product that’s great for business owners looking to catch a break on interest charges or capture an easy $200 by spending at least $500 within 60 days of account opening. Plus, with no annual fee, there’s no financial downside to keeping it around for occasional use (provided you pay off your balance in full each month).

Read full review

Less

ValuePenguin

Lacks cashback or rewards program

from ValuePenguin

The Bank of America Platinum Visa Business credit card offers a low APR and average sign-up bonus, but not much more beyond that. There is neither a rewards program nor cash back, meaning individuals and businesses will be receiving very few benefits. Despite having no annual fee, overall, we fai...More

The Bank of America Platinum Visa Business credit card offers a low APR and average sign-up bonus, but not much more beyond that. There is neither a rewards program nor cash back, meaning individuals and businesses will be receiving very few benefits. Despite having no annual fee, overall, we fail to see why businesses should opt for this card rather than any of its alternatives.

Read full review

Less

Finder

One of the lowest APR available for small business credit cards

If you’re running a small business and want a credit card with competitive APR on purchases and with no annual fees, then Platinum Visa Business Credit Card is a credit card worth considering.

Read full review

If you’re running a small business and want a credit card with competitive APR on purchases and with no annual fees, then Platinum Visa Business Credit Card is a credit card worth considering.

Read full review

Less

Get.com

A basic business credit card that offers an amazing

from Get.com

Easy-to-use card with business features and 0% intro APR on purchases for your first 7 billing cycles.

Read full review

Easy-to-use card with business features and 0% intro APR on purchases for your first 7 billing cycles.

Read full review

Less

Bank Deal Guy

A nice, low maintenance card for your business

from Bank Deal Guy

You can receive $200 statement credit when you spend $500 within the first 60 days of opening a new card. Some things to keep in mind about this card is that it doesn’t offer any cash back opportunities, and it charges foreign transaction fees.

Read full review

You can receive $200 statement credit when you spend $500 within the first 60 days of opening a new card. Some things to keep in mind about this card is that it doesn’t offer any cash back opportunities, and it charges foreign transaction fees.

Read full review

Less

User Reviews


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