Rates and Fees
|Intro APR||0% for 7 billing cycles on purchases|
|Purchase APR||11.24% - 22.24% Variable APR on purchases|
|Welcome Offer||$300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening.|
- Get a $300 statement credit when you make at least $3,000 in net purchases within 90 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
If you’ve had trouble qualifying for other business credit card, you may find that the Bank of American Business Platinum card is within your reach.
With this card, business owners who don’t have the “excellent” credit can still take advantage of several perks, including an 0% introductory APR offer, a low APR, and no annual fee.
However, this card does not offer any type of rewards program, so if that’s what you’re searching for, you may want to consider another Bank of America Business credit card, such as the or the .
Thewas designed as a no-frill card for business owners with good credit.
If you are approved for this card, you can likely take advantage of the ongoing cash back welcome offer as well as a low APR, particularly when compared to other cards on the market. Plus, there is no annual fee, which makes this a low-risk addition to your wallet.
In addition, there are some other perks, such as get free employee cards and travel insurance perks. That said, many of those perks are also standard among competitor cards as well.
If it’s benefits and rewards you’re after, and you have excellent credit, it’s probably best to consider the , which will help you earn
Further, the , as well as the , become even more valuable for Bank of America customers, who can increase their rewards points by up to 75%.
Finally, if you are struggling with average credit but want to take advantage of business rewards, you may want to consider the , which offers a basic 1% cash back on all purchases.
In the end, this is a lackluster card with minimal perks, but if you’re not looking for a card to use every day, or if you weren’t approved for cards with excellent credit score requirements, then it may be a reasonable option.