Bank of America Platinum Plus® Mastercard® Business Credit Card

The Bank of America Platinum Plus® Mastercard® Business Credit Card is a business card designed for small business owners who don’t care about earning rewards. The card offers a decent welcome bonus, but after that, you won’t earn any rewards on purchases. There is a short 0% introductory APR offer on purchases for 7 billing cycles, so if you need to make a big purchase when you get your card and take a few months to pay it off, this card may work for you. We dive into the details and your approval odds in this Platinum Plus Business review.

Bank of America Platinum Plus Mastercard Business Credit Card

Our Rating

3.5/5.0

Welcome Offer

Get a $300 online statement credit

Annual Fee

$0

0% Intro on Purchases

7 billing cycles

Reward Rate

None

0% Intro on Balance Transfers

N/a

Welcome Offer

Get a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.

Editorial Review

Features & Benefits

SecurityCredit Score Monitoring, Fraud Monitoring, Zero Liability
Contactless PaymentsTap to Pay, Apple Pay, Google Pay, Samsung Pay
BenefitsFree credit score access, 24/7 customer service
Travel PerksAuto Rental Collision Damage Waiver, Emergency Travel Assistance, Luggage Protection, Travel Accident Insurance

Rewards

Interest Rates & Fees

Annual Fee$0
Foreign Transaction Fee3% of the U.S. dollar amount of each transaction made in a foreign currency. This fee does not apply to Cash Advance, Cash Equivalent, or Wire Transfer transactions.
Regular APR16.49% to 27.49% (V) APR
Purchases0% Intro APR for 7 months on purchases, then 16.49% to 27.49% (V) APR after that.

What Credit Score Is Required to Get the Bank of America Platinum Plus® Mastercard® Business Credit Card

The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use numerous factors in their underwriting process, and these factors can change at any time.

Lowest Approved Credit Score: 813

Average Approved Credit Score: 813

App StatusDateCredit ScoreBureauCredit Limit
Approved03/28/2023
813
Experian
$19,000

Pros & Cons

Pros
  • Welcome offer
  • No annual fee
Cons
  • No rewards
  • High APR
  • Foreign transaction fee
  • Requires good credit

What Are the Best Alternatives?

U.S. Bank Triple Cash Rewards Visa® Business Card
U.S. Bank Triple Cash Rewards Visa® Business Card

Rating

4.5

Rewards Range

1% - 5% Cash Back

Annual Fee

$0

The American Express Blue Business Cash™ Card
The American Express Blue Business Cash™ Card

Rating

4.6

Rewards Range

1% - 2%

Annual Fee

No annual fee

Ink Business Unlimited® Credit Card
Ink Business Unlimited® Credit Card

Rating

4.6

Rewards Range

1.5%

Annual Fee

$0

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