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Bank of America® Platinum Visa® Business Credit Card
Bank of America<sup>®</sup> Platinum Visa<sup>®</sup> Business Credit Card
Bank of America® Platinum Visa® Business Credit Card

Bank of America® Platinum Visa® Business Credit Card

 

Rated 3.5/5 stars by our editorial team

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Your Rating:

3.0/5.0 from 3 Offer Ratings
Over the Past 60 Days!

(3) Over the Past 60 Days!

 

Rated 3.5/5 stars by our editorial team

Click the stars to submit your rating.

Thanks for rating!

Your Rating:

3.0/5.0 from 3 Offer Ratings
Over the Past 60 Days!

(3) Over the Past 60 Days!

Great For

Card Details

Regular Purchase APR

10.99% - 21.99% 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. 
  • Get a flexible suite of online services that adopts to your business needs with MyReport Center.
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 10.99% - 21.99% 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.

Consumer Reviews
(3 Reviews)

Offer Rating

3.0 out of 5.0

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