USES

Platinum Plus® Mastercard® Business from Bank of America Review

Platinum Plus® Mastercard® Business from Bank of America — all information about the credit card.

Updated October 24, 2023
Advertiser Disclosure Our Methodology
Bank of America Platinum Plus® Mastercard® Business
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Our Rating:
4.03 out of 5
scorer
Recommended credit score
Excellent (740-799)
  • Rewards Rate:
    • This card doesn't offer cash back, miles or points.
  • Intro Offer:
    • $300 Statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
  • Annual Fee:
    $0
  • Purchase Intro APR:
    0% Introductory APR for the first 7 billing cycles following the opening of your account
  • Regular APR:
    16.49% - 27.49% Variable
  • Balance Transfer APR:
    16.49% - 27.49% Variable
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Bank of America Platinum Plus® Mastercard® Business Rewards Calculator

How do you record your expenses?
Enter your monthly spendings on:
All purchases
$
Have you already recieved the Bank of America intro bonus?
Calculate
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All benefits

  • Travel
    • Travel and Emergency Services:
    • Travel benefits your business needs including $100,000 in travel accident insurance. Additional services include auto rental insurance, emergency ticket replacement, lost-luggage assistance and legal and medical referrals when you're away from home.

Rate and fee information

  • Purchase Intro APR
    • 0% Introductory APR for the first 7 billing cycles following the opening of your account
  • Purchase APR
    • 16.49% - 27.49% Variable
  • Intro Balance Transfer APR
    • None
  • Balance Transfers APR
    • 16.49% - 27.49% Variable
  • APR for Cash Advances
    • 29.49% Variable
  • How to Avoid Paying Interest
    • Your due date is at least 25 days from your statement Closing Date. If you pay your entire balance in full by the due date each month, you will not be charged Finance Charges on Purchases.

Fees

  • Annual Fee
    • $0
  • Fees for Balance Transfer
    • Either $10 or 4% of the amount of each transaction, whichever is greater
  • Fees for Cash Advances
    • Either $10 or 4% of the amount of each transaction, whichever is greater
  • Penalty Fees
    • None
  • Late Payment
    • $19 if balance less than or equal to $100; $29 if $100.01 - $1,000; $39 if $1,000.01 - $5,000; $49 if greater than $5,000
View all Rates & Fees

Pros & Cons

Pros:
  • No Annual Fee
  • Intro APR period on purchases
Cons:
  • Foreign Transaction Fee
  • No Intro APR period on balance transfers

Features

Platinum
Mastercard
Contactless
  • 0% Intro APR
  • No Annual Fee
  • Payment Flexibility
  • Fraud Protection
  • Rewards
  • Purchase Protection
  • Excellent Credit

About the issuer

Bank of America
Bank of America has several card types depending on your needs.
Manage your Account & Pay your Bill
You can usually pay your bill online on your

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See Another Credit Cards in the Bank

Bank of America Platinum Plus® Mastercard® Business is an option for those, who need Platinum features. With an APR of 16.49% - 27.49% and $0 annual fee this credit card can easily cover your simple everyday demands. For high approval odds you need to have Excellent (740-799) credit score. With Bank of America Platinum Plus® Mastercard® Business you will get such features as 0% Intro APR, No Annual Fee, Payment Flexibility, etc. To make sure about either this credit card is good for you or not compare it with other cards with similar features.

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