Platinum Plus® Mastercard® Business
The Bottom Line
3.4
BIG4CREDIT RANKING
Our 5-star rating is based on Big4credit’s independent, data-driven scoring system.
Each card is evaluated across multiple weighted categories – including rewards,
fees, welcome offers, 0% intro APR, ongoing APR, perks, benefits, and protections.
Ratings are determined solely by our research and analysis and are never influenced
by card issuers or advertisers. Read about our ranking system in the
Credit Card Ranking & Methodology section.
The Platinum Plus® Mastercard® Business Credit Card is a straightforward, no-annual-fee option for business owners who want to manage expenses, improve cash flow, or pay down balances rather than earn rewards. It features a low ongoing APR and includes an introductory 0% APR for 7 months on purchases, making it useful for financing business expenses over time. While it doesn’t offer cashback or travel perks, it includes essential business tools, purchase and travel protections, making it best for businesses that prioritize low-cost financing and simplicity over rewards.
Platinum Plus® Mastercard® Business
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On Bank of America's Secure Website
Annual fee:
$0
Intro APR
Purchases: 0%, 7 billing cycles
Balance Transfers: N/A
Regular APR
14.74% - 25.74% Variable APR
Credit Score
670-850 (Good/Excellent)
Rewards N/A
N/A
Welcome Offer Earn a $300 cash rewards bonus after spending $3,000 in the first three months.
$300
Welcome Offer
- Earn a $300 cash rewards bonus after spending $3,000 in the first three months.
Fees and APR
- Annual Fee: $0.
- 0% Intro APR on Purchases: For 7 months from account opening.
- Regular APR: After the introductory period, a variable APR of 14.74% - 25.74% applies to purchases and balance transfers.
- Paying late won’t raise your APR.
- Balance Transfer Fees: 5% of each transfer amount.
- Foreign Transaction Fee: 3% of each purchase transaction in U.S. dollars.
Business Perks
- Employee Cards at No Additional Cost: Issue employee cards with custom spending limits and earn rewards faster on their purchases.
- Mastercard Easy Saving® Program: Get automatic discounts at participating merchants across the U.S. when you pay with your card. No coupons, codes, or enrollment required.
- Cash Flow Management Tools: Manage your business more easily with online tools like automatic payments, fund transfers, and the ability to download transactions into QuickBooks for streamlined accounting.
- Free Access to Business Credit Scores: View your Dun & Bradstreet business credit scores at no cost through Business Advantage 360, Bank of America’s small business online banking platform.
Travel Benefits
- Travel Accident Insurance: Receive up to $100,000 in travel accident insurance when you pay for eligible travel with your card.
- Auto Rental Coverage: Get reimbursement for theft and collision damage when you decline the rental company’s coverage and pay in full with your card.
- Emergency Ticket Replacement.
- Lost-Luggage Assistance.
- Legal and Medical Referrals when you’re away from home.
Purchase Protections
- Purchase Protection: Covers eligible new purchases against damage or theft.
- Extended Warranty Protection: Get extra warranty protection at no cost on eligible items you purchase with your card.
Additional Features
- Zero Liability Protection: You won’t be held responsible for unauthorized charges made with your card or account info, just report them promptly.
- 24/7 Fraud Monitoring: Your account is continuously monitored for unusual activity. Potential fraud is blocked, and you’ll be alerted if suspicious transactions are detected.
- Balance Connect® for Overdraft Protection: Link your eligible Bank of America® checking account to your credit card to help avoid declined purchases or returned checks. No transfer fees, other fees may apply.
Terms and Conditions
Click Apply Now to see the terms and conditions.