Is the Bank of America Platinum Plus Mastercard Business Credit Card Worth It? · Attractive welcome bonus · No rewards on purchases · Unlimited. This is your standard credit card. It has all the features like online banking and customer service that other cards also have. The APR is competitive and is similar to. Mastercard® credit cards from Bank of America offer you the flexible rewards you're Earn cash back, enjoy the benefits of flexible rewards or take advantage of Plus, as a Preferred Rewards member, you enjoy real benefits and rewards on.
Bank of america platinum plus mastercard benefits -
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Our partners cannot pay us to guarantee favorable reviews of their products or services. Here is a list of our partners. This small business credit card is worth it if you don't need rewards and the introductory APR is important to you. Lee Huffman November 19, Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations.
Our opinions are our own. Here is a list of our partners and here's how we make money. This card offers an attractive welcome bonus and a promotional purchase APR, but it does not earn rewards for your spending. This welcome bonus automatically reduces your balance with a statement credit, so you don't need to learn a complicated rewards structure or try to figure out how to redeem your rewards. You do not earn any rewards when using this credit card for purchases. This means that you are missing out on a great opportunity to earn valuable points, miles or cash back when paying your bills and buying supplies with a different credit card.
Unlimited employee cards at no additional cost Employee credit cards can be added without paying a fee. Plus, it allows employees to purchase necessary supplies without using their personal credit cards.
This means that you can carry a balance during the first seven billing cycles without incurring any interest on your purchases. The interest rate reverts back to the standard purchase APR once the promotional period is over. If you have a balance remaining when the promotion expires, it will start accumulating interest. Terms apply.
Additionally, your rental car is covered against damage or theft, and you'll get assistance in case your luggage is lost. This is helpful for small business owners on a budget.
However, this is not a compelling enough reason to keep this credit card year-after-year. Who is this card good for? The welcome bonus is an attractive incentive during the first year. It makes sense to use the APR promotion to finance expenses like seasonal inventory and supplies or even a business expansion.
But when the seven billing cycles are up, your balance needs to be paid in full to avoid interest charges. Some business owners may find the welcome bonus and introductory APR attractive.
Both of these business credit cards earn unlimited 1. Here are our picks for the best travel credit cards of , including those best for:.
Related VideosBank of America - The Best Credit Card Duo? If you use this card to spread out payments for a big purchase, try to pay back the purchase in full within seven billing cycles in order avoid paying extra interest. Cards with annual fees typically offer a stronger suite of benefits. Both of these business credit cards earn unlimited 1. Bank of america platinum plus mastercard benefits means that you can carry a balance during the first seven billing cycles without incurring any interest on your purchases. Who is this card good for?
Bank of america platinum plus mastercard benefits -
Our CardMatch tool can help match you with prequalified offers and cards that align with your credit history — with no harm to your credit score. Get personalized offers from our partners in seconds. Depending on your credit history, the Bank of America Platinum Plus Mastercard Business card may offer you a lower interest rate than what you can find on other business cards.
The average business card, for example, charges a minimum rate of You could get hit with a much higher rate, though, if your business credit score is less than perfect. A brief introductory APR The Platinum Plus Mastercard card also gives you some breathing room when you first open the card — which can be helpful if you need to run up some big purchases right away. A good sign-up bonus One of the few areas where the Platinum Plus Mastercard really shines is with its sign-up bonus.
Some business-friendly benefits The Platinum Plus Mastercard also offers a modest suite of benefits that can help your business save money on travel insurance and keep better track of your expenses.
Like most business cards, it offers free employee cards. It also offers a cash flow management tool that can help you keep track of your company spending. It also gives you the option to upgrade your benefits. However, if you travel heavily or have a big business, you may want to pick a premium card instead.
Cards with annual fees typically offer a stronger suite of benefits. You want a basic, low rate credit card. You want a business card with an introductory APR on purchases. You want a substantial sign-up bonus without paying an annual fee.
If you use this card to spread out payments for a big purchase, try to pay back the purchase in full within seven billing cycles in order avoid paying extra interest. To take advantage of travel benefits, such as lost luggage insurance or car rental coverage, use this card to book flights and car rental expenses. However, we do receive compensation when you click on links to products from our partners.
Learn more about our advertising policy All reviews are prepared by CreditCards. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Responses to comments in the discussion section below are not provided, reviewed, approved, endorsed or commissioned by our financial partners.
See the online credit card applications for details about the terms and conditions of an offer. Reasonable efforts are made to maintain accurate information. However, all credit card information is presented without warranty. When you click on the "Apply Now" button, you can review the credit card terms and conditions on the issuer's web site. As seen on: Stay on top of industry trends and new offers with our weekly newsletter.
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