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Platinum Plus® Mastercard® Business Card

Cory Santos

| Last updated on October 24th, 2023

Platinum Plus® Mastercard® Business Card

Platinum Plus® Mastercard® Business Card
Excellent
BestCards refers to a variation of FICO Score 9, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card. Please note that the range shown here is our own estimation and not a guarantee of credit needed to be approved for any given card. Recommended Credit: Excellent
Mastercard Processing Network
None Annual Fee

Platinum Plus® Mastercard® Business Card

  • 16.49% to 27.49% variable based on creditworthiness and the Prime Rate Regular Purchase APR
  • 16.49% to 27.49% variable based on creditworthiness and the Prime Rate Balance Transfer APR
  • 29.49% variable based on the Prime Rate Cash Advance APR
  • 0% for 7 months from account opening date Intro Purchase APR

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.

  • Best Benefits
  • Rates & Fees
  • Why Should You Apply?
  • 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
  • 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
  • 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
Platinum Plus® Mastercard® Business Card

Platinum Plus® Mastercard® Business Card

Terms & Conditions

Platinum Plus® Mastercard® Business Card Review

The Platinum Plus Mastercard® Business Card is an excellent option for individuals who want a simple, straightforward card with a relatively low interest rate. It also features a $300 statement credit to new cardholders that spend $3,000 within the first 90 days of opening their account, a manageable threshold to hit..

A Decent Introductory Bonus Offer

The card features a solid introductory cash back offer. New accounts earn a $300 statement credit after spending $3000 within the first 90 days. Hat reward is equivalent to 10% cash back, comparable with other signup bonuses from different issuers.

0% Intro APR

The statement bonus is even more enticing thanks to the 0% intro APR offer – and an exceptional regular APR after that. The 0% APR runs for the first seven months, while the typical purchase APR, which starts as low as 10%, is almost eight percentage points lower than the national average APR for a business credit card.

Business Features

In terms of online services, the Platinum Plus Mastercard® Business Card simplifies money management with automatic electronic bill payments and the ability to download transactions into QuickBooks, as well as 24/7 online and mobile banking. That flexibility is particularly important for cardholders when keeping track of an employee’s account activity after giving them a card at no additional cost.

Should You Apply for the Platinum Plus® Mastercard® Business Card?

The Platinum Plus Mastercard® Business Card provides the management tools companies’ needs, a great low rate, and no annual fee in one neat package. The $300 introductory bonus is another nice feature, but it’s the sum of the parts with this card – and Bank of America’s excellent customer service – that is the major draw.

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