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...
- Compare CardsThe 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.
- Brian Martucci, Money CrashersA 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...
- Karanveer Singh, ValuePenguinThe 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...
- Kelly Dilworth, CreditCards.comThis 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.
- FinderIf 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.
Details
| Interest Rates | |
|---|---|
| Regular APR Interest Rate |
11.49% ‐ 22.49% (0% for the first 7 months) This APR will vary with the market based on the Prime Rate. |
| Balance Transfer Interest Rate |
11.49% ‐ 22.49% This APR will vary with the market based on the Prime Rate. |
| Cash Advance Interest Rate |
26.49% 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 |
|
| 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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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
A simple, easy to use card with a nice intro APR on purchases
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.
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.
A great card to hold temporarily
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).
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).
Lacks cashback or rewards program
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.
Some business-friendly benefits
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.
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.
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.
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.
A basic business credit card that offers an amazing
Easy-to-use card with business features and 0% intro APR on purchases for your first 7 billing cycles.
Easy-to-use card with business features and 0% intro APR on purchases for your first 7 billing cycles.
A nice, low maintenance card for your business
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.
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.