Platinum Plus® Mastercard® Business Card

Advertiser Disclosure Editorial Disclosure

Last updated on November 8th, 2021

Platinum Plus® Mastercard® Business Card

$300 Statement Credit Bonus

Platinum Plus® Mastercard® Business Card
  • Regular Purchase APR 13.24% to 24.24% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR 13.24% to 24.24% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR 27.24% variable based on the Prime Rate
  • Annual Fee None
  • Credit NeededBestCards.com uses a variation of FICO Score 8, 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.
    Excellent
  • Intro Purchase APR 0% for 7 months from account opening date
  • Processing Network Mastercard
Best Benefits
  • 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
Rates & Fees
  • Intro Purchase APR: 0% for 7 months from account opening date
  • Regular Purchase APR: 13.24% to 24.24% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR: 13.24% to 24.24% 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: 27.24% 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
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Platinum Plus® Mastercard® Business Card

Platinum Plus® Mastercard® Business Card

Terms & Conditions

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.

Ideal for Those Who:

  • Want an easily obtainable $300 introductory bonus
  • Have an excellent credit score
  • Are interested in a business card with a multitude of management tools
  • Do not want to pay an annual fee
  • Want a business credit card that is a no-fuss, everyday credit card for your company

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.

 

Browse Other Bank of America Credit Card Offers:

Advertiser Disclosure

BestCards is an independent, Florida-based credit card comparison platform. Many of the card offers that appear on this site are from companies from which BestCards receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). BestCards does not include all card companies or all card offers available in the marketplace.

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