Bank of America Platinum Business Review

The Bank of America Platinum Business Credit Card is designed for business owners. This review delves into the card's features, annual fees, and how it can benefit your business expenses.


 Bank of America offered several business credit cards, including the Bank of America Platinum Business card. Please note that card offerings and their terms may change over time, so it's essential to visit the official Bank of America website or contact their customer service for the most up-to-date information. However, I can provide some general information about business credit cards and what to consider when reviewing them.

Here are some typical factors to consider when reviewing a business credit card like the Bank of America Platinum Business card:

  1. Annual Fee: Check if the card has an annual fee and whether the benefits it offers justify the cost.

  2. Rewards and Benefits: Look at the rewards program, such as cashback, points, or miles. Consider if the rewards align with your business spending.

  3. Introductory Offers: Some cards may offer introductory 0% APR on purchases or balance transfers for a certain period. Determine if these offers are relevant to your business.

  4. Credit Limit: Know the credit limit the card offers and if it suits your business's financial needs.

  5. Interest Rates: Understand the card's interest rates for purchases and cash advances, which can be significant if you carry a balance.

  6. Payment Terms: Examine the payment terms, including the grace period, minimum payment, and late fees.

  7. Business Expenses: Ensure that the card provides features and tools that help you track and manage business expenses effectively.

  8. Additional Perks: Some cards offer additional benefits like travel insurance, purchase protection, and extended warranties. Assess if these perks are valuable to your business.

  9. Credit Score Requirements: Understand the credit score requirements for approval and whether your business meets these criteria.

  10. Customer Service and Support: Consider the quality of customer service and online account management tools provided by the issuer.

  11. Card Acceptance: Check if the card is widely accepted, both domestically and internationally, which is crucial for business travel.

To get a comprehensive review of the Bank of America Platinum Business card or any other credit card, I recommend visiting Bank of America's official website or contacting their customer service directly. Additionally, you can read reviews from other cardholders and compare it with other business credit card options to determine the best fit for your business's financial needs and goals.

Assessing the features and benefits of the Bank of America Platinum Business Credit Card..

The Bank of America Platinum Business Credit Card is a no-annual-fee credit card that offers a 0% introductory APR on purchases for the first 7 billing cycles, and then a variable APR of 16.49%-27.49%. It also offers a number of other benefits, including:

  • Unlimited 1.5% cash back on all purchases. This is a good rewards rate for a no-annual-fee business credit card.
  • No foreign transaction fees. This can be a valuable benefit for businesses that frequently travel internationally.
  • Employee cards at no additional cost. This can be helpful for businesses that have multiple employees who need to use a company credit card.
  • Access to Bank of America's online and mobile banking tools. This makes it easy to track your spending and manage your account.

Overall, the Bank of America Platinum Business Credit Card is a good option for businesses that are looking for a no-annual-fee credit card with good rewards and benefits.

Here is a more detailed assessment of the features and benefits of the Bank of America Platinum Business Credit Card:

Rewards: The Bank of America Platinum Business Credit Card offers unlimited 1.5% cash back on all purchases. This is a good rewards rate for a no-annual-fee business credit card. Cash back can be redeemed for statement credits, travel rewards, or gift cards.

Intro APR: The Bank of America Platinum Business Credit Card offers a 0% introductory APR on purchases for the first 7 billing cycles. This can be a great way to finance large purchases or to save money on interest.

Ongoing APR: The Bank of America Platinum Business Credit Card has a variable APR of 16.49%-27.49%. This is a relatively wide range of APRs, so it's important to compare the APR you're offered to other credit cards before you apply.

No foreign transaction fees: The Bank of America Platinum Business Credit Card does not charge foreign transaction fees. This can be a valuable benefit for businesses that frequently travel internationally.

Employee cards: The Bank of America Platinum Business Credit Card allows you to add employee cards at no additional cost. This can be helpful for businesses that have multiple employees who need to use a company credit card.

Online and mobile banking: The Bank of America Platinum Business Credit Card gives you access to Bank of America's online and mobile banking tools. This makes it easy to track your spending and manage your account.

Overall: The Bank of America Platinum Business Credit Card is a good option for businesses that are looking for a no-annual-fee credit card with good rewards and benefits. The unlimited 1.5% cash back on all purchases is a good rewards rate, and the no foreign transaction fees can be a valuable benefit for businesses that frequently travel internationally. The employee cards and online and mobile banking tools are also helpful features.