80,000 Points
Worth $1,200
After you spend $4,000 on purchases on your new card in your first 3 months of card membership.
- 4.5%Alaska Air
- 4.5%Dining
- 4.5%Hawaiian Air
Annual Fee
$395
Rec. Credit
Good
Bank of America
Platinum Plus® Mastercard® Business
The Bank of America Platinum Plus Mastercard Business is a simple, no-annual-fee card built for business owners who want straightforward spending capacity without managing a rewards program. It functions primarily as a baseline financing tool for routine operational expenses.
Annual Fee
$0
Rec. Credit Score
Excellent
Good For
Basic business financing
All information about Platinum Plus® Mastercard® Business has been collected independently by MaxRewards. Platinum Plus® Mastercard® Business is no longer available through MaxRewards.
Opinions, reviews, analyses & recommendations are MaxRewards' alone, and have not been reviewed, endorsed or approved by any of these entities.
Overview
Is the Platinum Plus® Mastercard® Business worth it?
This card is great for...
No-fee business expenses
Basic cash flow management
For small businesses looking for a straightforward credit line without an annual fee, this card provides essential purchasing power and account management tools. However, because it does not earn rewards or offer ongoing statement credits, its overall value is minimal compared to modern cash-back options.
Most business owners will be better served by standard no-annual-fee business cards that provide cash back or points on everyday spending like office supplies, fuel, and dining. This card primarily suits businesses that explicitly prefer a simple account structure with Bank of America over tracking rewards.
MaxRewards Verdict
This card offers a simple, no-fee credit line for basic business spending, but the absence of rewards makes it less compelling than competing business cash-back cards.
Eligibility
Recommended Minimum Credit
Min: Excellent
Poor
Fair
Good
Excellent
Excellent credit or higher is recommended for this card.
Credit approval is not guaranteed. Meeting the recommended credit range does not ensure approval, and applicants with lower scores may still be considered.
Pricing
Rates & Fees
Annual Fee
$0
Purchase APR
14.74% - 25.74%
Variable
Transfer APR
14.74% - 25.74%
Variable
Cash Advance APR
27.74%
Variable
Foreign Transaction Fee
$0.03
Balance Transfer
$0.05
Cash Advance
$0.05
Late Payment
$49
Opinions, reviews, analyses & recommendations are MaxRewards' alone, and have not been reviewed, endorsed or approved by any of these entities.
Other cards from Bank of America
See all 42 cards
80,000 Points
Worth $1,200
After you spend $5,000 on purchases on your new card in your first 3 months of card membership.
- 4.5%Alaska Air
- 4.5%Hawaiian Air
- 3%EV Charging
Annual Fee
$95
Rec. Credit
Excellent
70,000 Points
Worth $1,050
After you spend $2,500 on purchases on your new card in your first 3 months of card membership.
- 4.5%Alaska Air
- 4.5%Hawaiian Air
- 3%EV Charging
Annual Fee
$95
Rec. Credit
Good