Bank of America Platinum Visa® Business Credit Card

For People with
Fair Credit



The Bank of America Platinum Visa® Business Credit Card is a simple card, offering a 0% APR for 7 months for purchases. That’s followed by a regular rate of 11.24%–22.24% Variable.

Although it earns no rewards, like points or cash back, you’ll get a $200 statement credit when you make at least $500 in net purchases within the first 60 days of opening your account.

This card has no annual fee and you can enjoy additional cards for your employees at no cost to you, with credit limits you can set yourself.

Card Quick Facts

Card Quick Facts

  • Get a $200 statement credit when you spend $500 with your card within 60 days of account opening.
  • 0% intro APR on purchases for 7 months — then a variable purchase APR applies, currently 11.24%–22.24%.
  • Unlimited employee cards at no added cost.
  •  Overdraft protection when you link your Bank of America business checking account.
  • No annual fee.

For People with
Fair Credit



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Card Details



This card does not offer rewards.

Introductory Bonus

  • $200 statement credit after spending $500 in the first 60 days of account opening
Card Stats

Card Stats

Annual Fee $0
Additional Cards Annual Fee -
Regular Purchase APR 11.24%–22.24% Variable
Intro Purchase APR 0% for 7 months
Foreign Transaction Fee 3%
Chip Technology Chip-and-Signature & Chip-and-PIN
Minimum Credit Limit -
Maximum Credit Limit -
Free Credit Score No
Penalty APR None
Late Fee Up to $49
Returned Payment Fee $39
Balance Transfers

Balance Transfers

Intro Balance Transfer APR -
Regular Balance Transfer APR 11.24%–22.24% Variable
Balance Transfer Fee 4%, $10 minimum
Cash Advances

Cash Advances

Cash Advance APR 26.24% Variable
Cash Advance Fee 4%, $10 minimum

Card Benefits

Check your card’s Guide to Benefits to learn the specific benefits your card offers and how to access them.

  • $0 Fraud Liability Guarantee

    Cardholders are not held responsible for unauthorized purchases on this card. You’re also protected from misuse by terminated employees.

  • Fraud Monitoring

    Potential fraud is blocked if abnormal patterns are detected and you will be alerted if fraudulent activity is suspected.

  • Purchase Protection

    Eligible purchases are covered against damage and theft for up to 90 days.

  • Lost Luggage Reimbursement

    Provides coverage for eligible luggage if it’s lost or stolen due to theft or misdirection by the common carrier.

  • Travel and Emergency Assistance Services

    Provides assistance by coordinating medical, legal, and travel services when you are traveling.

  • Travel Accident Insurance

    Provides up to $100,000 in coverage against accidental loss of life, limb, or sight while traveling by land, air, or sea on a licensed common carrier, when tickets are purchased using your card.

  • Auto Rental Collision Damage Waiver

    Provides coverage for eligible rental vehicles against collision damage and theft, when you decline the rental company’s own insurance. Coverage is supplemental to and in excess of other insurance.

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