Bank of America Platinum Plus® Mastercard® Business Credit Card
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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.
Our Rating
3.5/5.0
Welcome Offer
Get a $300 online statement credit
Annual Fee
$0
0% on Purchases
7 billing cycles
Reward Rate
None
0% 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.
Features & Benefits
| Security | Credit Score Monitoring, Fraud Monitoring, Zero Liability |
| Contactless Payments | Tap to Pay, Apple Pay, Google Pay, Samsung Pay |
| Benefits | Free credit score access, 24/7 customer service |
| Travel Perks | Auto Rental Collision Damage Waiver, Emergency Travel Assistance, Luggage Protection, Travel Accident Insurance |
Rewards
Interest Rates & Fees
| Annual Fee | $0 |
| Foreign Transaction Fee | 3% 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 APR | 16.49% to 27.49% (V) APR |
| Purchases | 0% 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 Status | Date | Credit Score | Bureau | Credit Limit |
|---|---|---|---|---|
| Approved | 03/28/2023 | Experian |
Pros & Cons
- Welcome offer
- No annual fee
- No rewards
- High APR
- Foreign transaction fee
- Requires good credit
What Are the Best Alternatives?
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
Rating
4.6
Rewards Range
1% - 2%
Annual Fee
No annual fee
Ink Business Unlimited® Credit Card
Rating
4.6
Rewards Range
1.5%
Annual Fee
$0