Bank of America Platinum Plus® Mastercard® Business Credit Card
- APR up · 14.74% to 14.99% · Oct 2, 2026
$300 statement credit after you spend $3,000 in 3 months. No annual fee.
- Welcome offer
- Issuer's pagebankofamerica.com
“With the Platinum Plus® Mastercard® Business Credit Card you get a competitive APR, no annual fee, and receive a $300 statement credit after making at least $3,000 in purchases in the first 90 days.”
- Annual fee
- Issuer's pagebankofamerica.com
“$0 Annual fee”
- Purchase APR
- Issuer's pagebankofamerica.com
“APR: 14.99% to 25.99%”
- Foreign transaction fee
- Issuer's pagebankofamerica.com
“3% of the U.S. dollar amount of each transaction made in a foreign currency.”
We don’t earn anything from this link. Select any underlined figure to see where it comes from.
What it's worth
| Spending | First year | After |
|---|---|---|
| Light spender | $300 | $0 |
| Typical spender | $300 | $0 |
| Heavy spender | $300 | $0 |
The spending each assumes, a month
- Light spender: groceries $300, dining $100, gas $100, everything else $500
- Typical spender: groceries $600, dining $300, gas $200, travel $150, everything else $1,250
- Heavy spender: groceries $900, dining $600, gas $300, travel $600, airfare $300, hotels $300, everything else $2,500
Estimates from the published terms above, as checked Oct 10, 2026; not advice. How we value cards
How it compares
- No annual fee, like about 100% of the 50 cards on our 0% intro APR list (see the list).
- Lower top APR than about 75% of the 119 cards on our Sign-up bonuses list (see the list).
Shares rounded to 5 points. Fees and APRs as stated; value for our typical spender. Method
Welcome offer
300 credit
After you spend $3,000 on purchases in your first 3 months.
Offer applies to purchases made in the first 90 days.
- Larger than about 65% of the 36 other cash bonuses we track.
Spending it takes$1,000 a monthfor 3 months
Tracking sinceSep 29, 2026history will chart every change
Before you apply
- What the application asks: your name, address, date of birth, Social Security number (or ITIN), income and housing payment. By law the issuer must consider your ability to pay (Regulation Z, 1026.51).
- Your credit report: applying usually means a hard inquiry, which can lower your score slightly for a while. Some issuers let you check whether you’re pre-approved first without one. How credit reports work (CFPB)
Rates and fees
| Annual fee | Issuer's pagebankofamerica.com “$0 Annual fee” |
|---|---|
| Purchase APR | Issuer's pagebankofamerica.com “APR: 14.99% to 25.99%” |
| Intro APR | Issuer's pagebankofamerica.com “0% † introductory APR on purchases for the first 15 billing cycles.” |
| Balance transfer APR | Issuer's pagebankofamerica.com “APR: 14.99% to 25.99%” |
| Balance transfer fee | Issuer's pagebankofamerica.com “5% of the amount of each transaction.” |
| Cash advance APR | Issuer's pagebankofamerica.com “27.99% Cash Advance Variable APR” |
| Penalty APR | Issuer's pagebankofamerica.com The source states this figure; we have no exact sentence on file yet. |
| Late payment | Issuer's pagebankofamerica.com “$0 if balance less than or equal to $100; $29 if $100.01 - $1,000; $39 if $1,000.01 - $5,000; $49 if greater than $5,000.” |
| Foreign transactions | Issuer's pagebankofamerica.com “3% of the U.S. dollar amount of each transaction made in a foreign currency.” |
| Grace period | Issuer's pagebankofamerica.com “Your due date is at least 25 days after the close of each billing cycle.” |
Carrying a balance? See how long it takes to pay off
Benefits
- Introductory statement credit: $300 one time
- Emergency ticket replacement
- Lost-luggage assistance
- Legal and medical referrals when away from home
- 25% back on inflight purchases
- Rental car
- Travel accident: $100,000
- Purchase protection
- Extended warranty
Changes
- 14.74% · Oct 2, 2026 to Oct 2, 2026
- 14.99% · Oct 2, 2026 to today
Only changes that held for at least three days on both sides count; one-day blips in a reading don't.
Questions
- What is the annual fee?
- $0 bankofamerica.com, since Oct 8, 2026
- Does it charge a foreign transaction fee?
- Yes: 3% of the U.S. dollar amount of each transaction made in a foreign currency. This fee does not apply to Cash Advance, Cash Equivalent, or Wire Transfer transactions.. bankofamerica.com, since Oct 10, 2026
- What is the purchase APR?
- 14.99–25.99% APR bankofamerica.com, since Oct 2, 2026
- Is there an intro APR?
- 0% for the first 15 billing cycles following the opening of your account. bankofamerica.com, since Oct 8, 2026
- Is there a welcome bonus?
- $300 statement credit after $3,000 in purchases in 3 months. bankofamerica.com, since Oct 10, 2026
Other cards without rewards with no annual fee
- AAA Daily Advantage Visa SignatureComenity Capital Bank · No annual feeabout the same
- AAA Travel Advantage Visa SignatureComenity Capital Bank · No annual feeabout the same
- AEO, Inc.Synchrony · No annual feeabout the same
Against this card, for our typical spender's value (rewards and credits minus fees, after the first year).