Bank of America Platinum Business Review: Bare-Bones in Almost Every Way
This $0-annual-fee small business credit card has no sign-up bonus and ongoing rewards. But its intro APR period is above average.
The bottom line:
This card is a potential money-saver with a long 0% intro APR and the potential for a lower-than-average ongoing rate. But it lacks ongoing rewards or a welcome offer. Other small-business cards offer a lot more value overall.
Credit card details
Annual fee
$0
Regular APR
14.74%-25.74% Variable APR
Intro APR
0% intro APR on Purchases for 15 billing cycles
Rewards rate
N/A
Foreign transaction fee
3% of the U.S. dollar amount of each transaction.
Intro offer
N/A
Pros & Cons
Pros
No annual fee
Cons
Requires excellent credit
No rewards
Foreign transaction fee
More details from Bank of America
- New Offer: 0% introductory APR on purchases for the first 15 billing cycles. After the intro APR offer ends, a Variable APR that's currently 14.74% - 25.74% will apply.
- Save money on interest with a competitive purchase APR.
- No annual fee.
- Get employee cards at no additional cost to you and with credit limits you set.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Compare to other cards
2.3
NerdWallet rating
NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account the type of card being reviewed (such as cash back, travel or balance transfer) and the card's rates, fees, rewards and other features.
at Bank of America
4.8
NerdWallet rating
NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account the type of card being reviewed (such as cash back, travel or balance transfer) and the card's rates, fees, rewards and other features.
5.0
NerdWallet rating
NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account the type of card being reviewed (such as cash back, travel or balance transfer) and the card's rates, fees, rewards and other features.
Annual fee
$0
Annual fee
$0
Annual fee
$0
Regular APR
14.74%-25.74% Variable APR
Regular APR
16.74%-26.74% Variable APR
Regular APR
16.74%-24.74% Variable APR
Intro APR
0% intro APR on Purchases for 15 billing cycles
Intro APR
0% intro APR on Purchases for 9 months
Intro APR
0% intro APR on Purchases for 12 months
Need more options? Check our picks for best business credit cards of 2026
The Bank of America® Platinum Plus® Mastercard® Business card doesn’t offer a lot of value for your business expenses. You won't earn ongoing rewards or a welcome bonus, and the features that the issuer touts — like fraud monitoring and an EMV chip — are standard on virtually all credit cards.
The big reason to want this card is its intro APR period: 0% intro APR on Purchases for 15 billing cycles, and then the ongoing APR of 14.74%-25.74% Variable APR. Bank of America added this perk in August 2026. An intro APR period of more than a year is rare, even among the best 0% intro APR business cards. That's a big potential money-saver for business owners.
Also helping that cause? With a credit score of 720 or higher, you could potentially qualify for a relatively low ongoing APR with this card. That will further save you money if you carry a balance after the intro APR ends. But there’s no certainty that you’ll get that rate, since issuers also evaluate other factors such as debts and income to determine eligibility.
Bank of America® Platinum Plus® Mastercard® Business card: Basics
Card type: Small business.
Annual fee: $0.
Sign-up bonus: None.
Ongoing rewards: None.
Intro APR: 0% intro APR on Purchases for 15 billing cycles, and then the ongoing APR of 14.74%-25.74% Variable APR.
Other benefits:
- Overdraft protection: If you link your card to an eligible Bank of America® business checking account, you'll be covered in case you accidentally overspend.
- Travel and emergency services: As a cardholder, you're eligible for up to $100,000 in travel accident insurance and auto rental insurance, emergency ticket replacement, lost-luggage assistance and the option to get extended protection.
Why you're better off passing on the Bank of America® Platinum Plus® Mastercard® Business card
No ongoing rewards
Other business cards on the market have similar attributes to the Bank of America® Platinum Plus® Mastercard® Business card, but many of them also earn rewards on your ongoing spending. One example is the Ink Business Unlimited® Credit Card. It comes with an annual fee of $0, free employee cards, and this intro APR offer: 0% intro APR on Purchases for 12 months, and then the ongoing APR of 16.74%-24.74% Variable APR. Plus you'll earn an unlimited 1.5% cash back on every purchase, not to mention a better sign-up bonus: Earn $1,000 bonus cash back after you spend $8,000 on purchases in the first 4 months from account opening.
A foreign transaction fee
If you plan on making any purchases from overseas, don't charge them to the Bank of America® Platinum Plus® Mastercard® Business card. The card carries a foreign transaction fee of 3% for every international purchase you make. The $0-annual-fee Capital One Spark Cash Select skips those fees, and it offers 1.5% cash back on all spending. You can also earn 5% cash back on hotels and rental cars booked through Capital One Business Travel. It also has a solid sign-up offer: Earn a $750 bonus when you spend $6,000 in the first 3 months of account opening.
Is the Bank of America® Platinum Plus® Mastercard® Business card right for you?
Probably not. Plenty of other $0-annual-fee business cards can offer ongoing rewards and more generous incentives, so it's worth exploring your options. A good place to start is by browsing NerdWallet's roundup of best credit card offers.
To view rates and fees of The Blue Business® Plus Credit Card from American Express, see this page.