My score has gone from average to excellent in eight months. You can also consult our editor's picks for the best credit cards on the market in various categories. Equal Housing Lender new window. After using their cards to build my credit, I now have my pick of the excellent credit cards from American express to the Venture card. The Bank of America Platinum Plus minimum payment is 1% of your current balance, plus interest charges and any late fees for the month. The Bank of America Premium Rewards Credit Card is a solid rewards-earning credit card that holds its own in the market against similar cards such as the Chase Sapphire Preferred® Card.While the Premium Rewards Card has travel and dining as its bonus earning categories, that’s just icing on the cake because you earn 1.5 points per … Alternatively you can compare the latest credit card offers and save money. Other than the interest rate, this has been a really great card that has gotten me through some tough times. The Bank of America Platinum Plus Card had a variable interest ranging from 10.24% to 16.24%, depending on an applicant's creditworthiness. Bank of America, N.A. Closing a card never felt so good. No annual fee. The card does lack some of the cash back feature that other firms have, namely Chase. . Rebate Formula - The Bank of America Financial Rewards Visa Platinum Plus Card has a simple rebate formula that pays you an equivalent of 1% cash rebates. If you prefer that we do not use this information, you may opt out of online behavioral advertising. Information is displayed first and foremost to help consumers make better decisions. With that said, you can compare what Bank of America currently offers here. Both are indirect subsidiaries of Bank of America Corporation. Clearly I can handle my credit, but I don't know what Bank of America is doing. Ad Disclosure: Offers originating from paying advertisers are noted as “Sponsored” at the top of this page. I put $300 down to secure the line of credit and was told that if I used it and made all of the payments on time and had a zero balance at the year mark, they would graduate it for me and turn it into an unsecured card and I'd get my deposit, I've had this card for about four and a half years now.they have pretty good service no matter what the problem is and they provide great help. Editorial Disclaimer: Editorial and user-generated content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by the issuer. That is such a lowdown dirty trick. Bank of America,Bank of America® Platinum Plus® Mastercard® Business credit card,0% Intro APR, Reward, No Foreign Transaction Fees, Business credit cards , credit card, credit card application, online application, instant approval, apply for credit cards The best thing is Bank of America's fraud protection on this card. Bank of America Premium Rewards: Earn 2 points per $1 on all travel and dining and 1.5 points per $1 on all remaining purchases plus Bank of America Preferred Rewards bonus Highlights. Your responses will help us improve the Bank of America digital experience for all our customers. When they graduated me, I was approved for a $500 limit and a $39 annual fee, and this card has never had any rewards. These ads are based on your specific account relationships with us. On the downside, there's no rewards, and my credit limit. Wallethub doesn’t charge for this service. I feel I have outgrown this card. This is your standard credit card. They also have excellent customer service. With average credit, it is not easy to get all credit cards. Overall I've really enjoyed having this card and it has gotten me though college and a lot more. It does come with some rewards for things like Netflix, but I. I have this card and my rate is 4.99% permanent not introductory and I also earn points which I chose for cash but they can be used for products too. This card seems to be a good one and they won't charge me interest for the first 12 months, so I can slowly pay them back and clear myself of this debt without having to worry about the bill rising too high. We're sorry, but the Bank of America® Platinum Plus® Visa® Card may no longer be available to new applicants or we may no longer be able to obtain complete information related to this offer. for important information concerning this offer. Member FDIC. When you click "Apply Now" you will be directed to the offering institution's website. $50,000 in total assets qualifies for the Platinum tier, and $100,000 in total assets qualifies for the Platinum Honors tier of Preferred Rewards. limit several times. The Bank of America Platinum Plus Mastercard Business card provides no rewards, but does offer an unusually low APR for those that qualify. Two thumbs up to this card!!! Bank of America charges Platinum Plus cardholders a minimum APR of 10.24 percent (variable), which is well below what many business cards charge. I recently decided to pay down my balance on my Platinum Bank of America Visa credit card that I've had since 2007. No, you only have to pay the minimum monthly due to avoid the late fee and becoming delinquent. Do I need to place a security deposit for Bank of America Platinum Plus? Read 38 Reviews. I proceeded to spend recklessly and it wasn't long before I had nearly used up my $1,000 limit. Get a $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening. I think that the best feature that it has is the SAFE online shopping. This card has gotten me through some. I hear they are good for people with bad credit with their secured card. Irrespective of whether an offering institution is a paid advertiser, the presence of offer information on WalletHub does not constitute a referral or endorsement of the institution by us or vice versa. I got this card to help me with a large balance I had on another credit card and took advantage of the 0% balance transfer rate. You can also read more about the coverage offered by different credit cards in WalletHub’s study here. They are great for people with average credit in terms of own many cards you can get. At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products. Of course I had not, and told them such. 2. Just got approved for this card a couple of days ago. However, Bank of America® offers cash back and travel rewards cards that used to go by the name "BankAmericard," prior to mid-2017. Below you can review the Bank of America® Platinum Plus® Visa® Card and find the card's rates and fees according to our latest records, which may be outdated. I've never missed a payment and I haven't carried a balance on this card since right before the year mark, so 2014. Check your balance and keep tabs on account activity for you and your employees easily anytime, anywhere. Bank of America® Platinum Plus® Mastercard® Business Credit Card. The other major PITA about this card is that should you slip up and miss paying the balance off in full within the grace period, there is a minimum finance charge each month of $10.00. I usually use it for online purchases and some restaurant charges, and the interest rate is very reasonable, and my monthly bill is relatively low, at less than $20. Bank of America lets cardholders take control of their credit card accounts via its online banking service. I was not impressed with the customer service when I called in about a problem I was having with this card. Additional protection for misuse by terminated employees and for most purchases against loss, damage, theft, or fire. This is subject to a 3% transaction fee, that can be no less than $10. Credit is subject to approval. Advertising may impact how and where offers appear on this site (including, for example, the order in which they appear). In addition, keep in mind that actual rates and other information may vary for a number of reasons including the applicant's' creditworthiness and differences between an individual's situation and the criteria/assumptions used to generate the information displayed. Please see Terms and Conditions for Platinum Plus for Business Mastercard for rate, fee and other cost information. I do not know anything about credit but was excited to open up this card in the mail. U.S. Bank Visa® Platinum Card. The Bank of America Platinum Plus® Mastercard® Business card offers an intro purchase APR of 0% for 7 billing cycles. service...great bank great choices two thumbs up..... is never getting extended on the card (which is the same as the deposit). However, this card is no longer available to new applicants. There have been two times that I have received a phone call from them asking me about a purchase that I had made. WalletHub is an independent comparison service. The Bank of America Student Visa Platinum Plus Credit Card is a student credit card from Bank of America available to any part-time or full-time student at an accredited two-year or four-year college or university. Relationship-based ads and online behavioral advertising help us do that. Travel services your business needs including $100,000 in travel accident insurance and auto rental insurance, emergency ticket replacement, lostâluggage assistance and the option to get extended protection. You earn one point for every one hundred you spend and that one point will get you $1.00 in cash rebates. Zero liability protection for unauthorized transactions. By submitting your feedback, you agree Bank of America, its affiliates and any authorized parties may use, commercialize or reproduce the feedback without restriction or any compensation to you. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review Bank of America Online Privacy Notice and our Online Privacy FAQs. The card itself is good, but there are no rewards for it like some of Bank of America's other credit cards which sets it apart in a bad way. Bank of America Private Bank is a division of Bank of America, N.A., Member FDIC and a wholly owned subsidiary of Bank of America Corporation. Manage your account online 24/7 with secure Online and Mobile Banking. Info about the Bank of America® Platinum Plus® Visa® Card has been collected by WalletHub to help consumers better compare cards. And as your qualifying balances grow, so do your benefits. The teller helped me with my deposit...that's her job. I've developed good credit and over time, Bank of America has extended my credit, +98 users submitted a rating without writing a full review. The Bank of America® Platinum Plus® Mastercard® Business credit card offers an intro APR: 0% on Purchases for 7 billing cycles, and then the ongoing APR of 10.24% - … Had to put down a $500 deposit to secure it. Perks and features of Bank of America Platinum Plus Mastercard Business Credit Card . and U.S. Trust Company of Delaware. Share your insights and review the Bank of America® Platinum Plus® Visa® Card. Enrolling in Preferred Rewards requires you to have an eligible Bank of America personal checking account and an average daily balan… for Platinum Plus® for Business Mastercard®, for Platinum Plus for Business Mastercard, Lower Interest Rate Business Credit Cards. We block potential fraud if abnormal patterns are detected and let you know if we suspect fraudulent activity. Credit cards are issued by Bank of America, N.A. Much better cards out there with better rewards and less screw you gotcha's. If the prices on a website are quoted in a foreign currency, that’s a good indication you are transacting with an international merchant. I was so happy when I first started using the service, because they are not impersonal like so many other credit card companies that I have had to deal with. The Bank of America Platinum Plus Mastercard Business card is a business credit card. 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