Rated 3.5/5 stars by our editorial team
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Bank of America® Platinum Visa® Business Credit Card
Bank of America® Platinum Visa® Business Credit Card
Great For
Card Details
Regular Purchase APR
11.24% - 22.24% Variable APR
Intro Purchase APR
0% for 7 billing cycles
Intro BT APR
N/A
Annual Fee
$0
Credit Needed
Excellent
Card Brand
Visa®
Highlights
- Click "APPLY NOW" to apply online
- Get a $200 statement credit when you make at least $500 in net purchases within 60 days of your account opening.
- Save on interest with a competitive purchase APR.
- No annual fee.
- 0% Introductory APR on purchases for your first 7 billing cycles.
- Employee cards at no additional cost to you and with credit limits you set.
Card Fees
-
Balance Transfer Fee
$10 or 4% of the amount of each transaction, whichever is greater.
-
Foreign Transaction Fee
3% of the U.S. dollar amount of each transaction
-
Cash Advance Fee
Either $10 or 4% of the amount of each transaction, whichever is greater. Includes Convenience Checks.
Ongoing Information
-
Rewards Rate
Non-rewards card
-
Annual Fee
$0
Expert Reviews
- 4.0 Regular APR
- 3.0 Intro APR
- 3.0 Fees
- 3.0 Benefits
- 3.5
/5 Overall Rating
From the CompareCards.com Editorial Team
The Bank of America® Platinum Visa® Business Credit Card is a solid credit card for your business if you're looking for a simple, easy to use card with a nice intro APR on purchases. This card comes with an intro APR of 0% for 7 billing cycles on purchases and a competitive ongoing APR of 11.24% - 22.24% Variable APR thereafter. That intro APR can be really handy if you need to make a large purchase for you business and want to pay it off over time interest free.
There is also a sizeble sign up bonus with this card – get a $200 statement credit when you make at least $500 in net purchases within 60 days of your account opening. There's no ongoing rewards rate for new purchase, but that upfront bonus can provide a nice boost to your bottom line.
This card has no annual fee and you can even get additional employee cards at no extra cost. You stay in control of the spending by credit limits that you set for each employee card.
The Good
- The ongoing APR is a competitive and there is no annual fee for you or the addition employee cards.
The Not so Good
- There's no ongoing rewards rate for new purchases which puts the Bank of America® Platinum Visa® Business Credit Card a step behind many other business credit cards.
The Bottom Line
The Bank of America® Platinum Visa® Business Credit Card is a pretty bare bones business credit card, but it comes with a few nice perks and rewards. Overall, it could be a good choice for any business owner that wants to keep things simple with a low interest rate.
Editorial Note: This content is not provided by Bank of America. Any opinions, analyses, reviews, or recommendations expressed on this page are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by Bank of America.
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