Platinum Plus® Mastercard® Business Card
- Annual fee
- None
- Recommended credit
- Excellent
- Card network
- Mastercard
- Intro purchase APR
- 0% for 7 months from account opening date
At a glance
Boasting no annual fee, 0% APR for the first 7 billing cycles from account opening, and a robust suite of cash flow management tools, Bank of America’s Platinum Plus Mastercard® Business Card also draws in new cardholders with its decent sign-up bonus. Namely, a $300 statement credit bonus earned after making $3,000 in net purchases in the first 90 days of your account opening.
Our review of the Platinum Plus® Mastercard® Business Card
The Platinum Plus Mastercard® Business Card is a top choice for individuals seeking a simple, low-interest rate credit card. With no annual fee, a 0% intro APR period, a welcome bonus, and a great everyday rate, this card is a solid option.
Who Can Benefit from the Platinum Plus Card?
Business owners looking for a reliable and versatile credit card can benefit from the Platinum Plus® Mastercard® Business Credit Card. This card is tailored to meet the unique financial needs of businesses with its array of benefits and features.
How to Get the Card
Applying for the Platinum Plus® Mastercard® Business Credit Card is straightforward. Good credit is required, along with specific business and financial information. After submitting your application, you can expect a decision within a reasonable timeframe. If approved, you’ll receive your card by mail in a few business days.
Online Statement Credit Offer
While the Platinum Plus® Mastercard® doesn’t offer rewards, it does provide a $300 statement credit for new accounts that spend $3,000 within the first 90 days. This is equivalent to 10% cash back.
0% Intro APR Offer
New accounts enjoy a 0% intro APR on purchases for the first seven billing cycles. Following this period, a competitive rate based on creditworthiness and the Prime Rate applies, potentially saving businesses money in the long run.
Business Management Benefits
The Platinum Plus® Mastercard® Business Credit Card offers various benefits to streamline business operations and financial management. It features a flexible credit limit, automatic bill payments, QuickBooks integration, and 24/7 online and mobile banking.
Mastercard® Business Benefits
The card provides essential protections and perks through Mastercard Business, including Zero Liability, ID Theft Protection, Global Emergency Services, car rental insurance, airport concierge, and more.
What We Like About the Card
- Flexible Credit Limit
- Expense Reporting Tools
- Some Travel Perks
Things to Consider
- Foreign Transaction Fee of 3%
- No Rewards
Should You Apply for the Platinum Plus® Mastercard® Business Card?
The Platinum Plus® Mastercard® Business Credit Card offers a range of benefits tailored to businesses. Consider your specific needs and compare this card with other options before applying. Explore other card offers to find the best fit for your business.
Card features
Benefits as listed on the original card page. They can change; confirm details with the issuer.
- Online exclusive: $300 statement credit bonus after spending $3,000-in the first 90 days
- Unlimited employee cards at no additional cost
- 0% on purchases for 7 billing cycles from account opening
- Hassle-free electronic payments with automatic bill payment
Who this card may suit
- You want an easily obtainable $300 introductory bonus
- You have an excellent credit score
- You're interested in a business card with a multitude of management tools
- You do not want to pay an annual fee
- You want a business credit card that is a no-fuss, everyday credit card for your company
Rates, fees and terms
| Annual Fee | None |
|---|---|
| Intro Purchase APR | 0% for 7 months from account opening date |
| Regular Purchase APR | 16.49% to 27.49% variable based on creditworthiness and the Prime Rate |
| Balance Transfer APR | 16.49% to 27.49% variable based on creditworthiness and the Prime Rate |
| Balance Transfer Transaction Fee | Either $10 or 4% of the amount of each transaction, whichever is greater |
| Cash Advance APR | 29.49% variable based on the Prime Rate |
| Cash Advance Transaction Fee | Either $10 or 4% of the amount of each cash advance, whichever is greater |
| Foreign Transaction Fee | 3% of the transaction amount in U.S. dollars |
| Late Payment Penalty Fee | Up to $49 |
Confirm before you apply: rates, fees and offers change often. The figures above are the ones listed on the original card page, not a current quote from the issuer. APRs are typically variable, and the rate you receive depends on your creditworthiness. Recommended credit: Excellent Credit.
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Platinum Plus® Mastercard® Business Card
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