Physical Address

304 North Cardinal St.
Dorchester Center, MA 02124

Bank of America Platinum Plus Business MasterCard Review

The Bank of America® Platinum Plus® Mastercard® Business card is a business credit card. It offers an introductory APR of 0% on purchases for the first seven billing cycles and a standard variable APR of 16.49% to 27.49%. There is no annual fee, and you can earn a $300 statement credit when you spend $3,000 in purchases within 90 days of opening an account.

  • Issuer NameBank of America
  • Credit NeededExcellent Credit
  • Annual Fee$0
  • Regular APR16.49% to 27.49%
  • Purchases Intro APR0% on purchases for the first seven billing cycles
  • Balance Transfer Fee$10 or 4% of the amount of each transaction, whichever is greater
  • Cash Advance FeeEither $10 or 4% of the amount of each transaction, whichever is greater
    Overdraft Protection Cash Advance (if enrolled): Either $10 or 3% of the amount of each transaction, whichever is greater
  • Foreign Transaction Fee3% of the U.S. dollar amount of each transaction

  • Want a business card with a low APR.
  • Don’t need a rewards program.
  • Like having travel benefits.

Take advantage of the upfront offers on this card, including the sign-up bonus and the introductory APR offer of 0% on purchases for the first seven billing cycles. While you might want to book travel with the card to access the travel protections, be mindful that you’ll pay a foreign transaction fee if you make purchases outside the U.S.

Editor’s Take

If you’re a business owner who may need to revolve a balance from time to time and you have excellent credit, getting the lower-than-average APR on this card can help reduce your borrowing expense. But if your credit is that strong, you may be better off choosing a different business card that offers cash back, rewards or a higher welcome offer.

Dawn PapandreaContributor

The Bank of America® Platinum Plus® Mastercard® Business card offers new cardholders the ability to earn a $300 statement credit sign-up bonus when you spend $3,000 in purchases within 90 days of opening an account.

Earning the welcome offer is the only way to get rewards with the Bank of America® Platinum Plus® Mastercard® Business card. To do so, you’ll need to spend $3,000 in purchases within 90 days of opening an account to earn a $300 statement credit.

The information for the Capital One® Spark® Classic for Business has been collected independently by U.S. News and the card is not currently available on the site. The information has not been reviewed or provided by the card issuer and it is accurate as of the date posted.

U.S. News rates credit cards by analyzing factors including fees, interest rates and benefits, each weighed against their importance to determine an overall score for each credit card. Consumers can rely on these ratings to provide objective, accurate assessments of credit card choices.

Best in Cash Back Credit Cards

Sarah Goldberg
Sarah Goldberg

Sarah is a seasoned financial market expert with a decade of experience. She's known for her analytical skills, attention to detail, and ability to communicate complex financial concepts. She holds a Bachelor's degree in Finance, is a licensed financial advisor, and enjoys reading and traveling in her free time.

Articles: 911