Bank of America Platinum card Offers and Reviews

The bank’s MyReportCenter allows you to check cash flow, download transaction history (Quick books) with one click, and more. You can request free cards for your employees and you can track expenses made with various cards.

Advantages:

• Protection against overdrafts
• Auto-pay for bills
• Via contactless chip
• Insurance for car rentals
• Insurance for travel accidents
• Insurance for lost luggage
• Extended coverage options

Would you like to apply for the Platinum card from Bank of America? Excellent! Our team has prepared a full review for you.

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The Bank of America Platinum Card at a Quick Look

Check out the features and benefits of this Bank of America card:

Bank of America Platinum Card at a glance
APR	Variable, from 10.24% to 21.24%	Excellent
Annual quota	$0	Excellent
Reward redemption options	Credit on statement	Very good
Annual rewards value	$ 100, spending $ 4,000 per month	Very good
Introductory bonus	$ 300 credit on your statement if you spend $ 3,000 in the first 90 days	Average
Mobile app	Yes, for iOS and Android	Well
Customer service	24 hours a day, 7 days a week	Regular
Reward rate	Does not apply	Low

Bank of America Platinum Card Review and Analysis

The Bank of America Platinum card deserves a detailed analysis even though the rewards list isn’t the best. Learn whether this is a good or bad option for your business:

Bonus when you sign up

A welcome bonus is one of the few features that make this Bank of America card stand out. Those who spend $ 3,000 within their first 90 days of membership will receive a credit equivalent to $ 300. In light of the fact that the card has no annual fee, this is a considerable amount.

Note: Bank of America’s card does have an excellent rewards program, for the first year at least.

APR of 0%

In addition, we like that the Bank of America Platinum card offers a limited-time break to its cardholders. How so? With an introductory APR, you can finance your most important purchases. As soon as this interest-free period ends, you’ll have a competitive, if not the lowest interest rate in the banking industry when your interest-free period ends.

Is it a good idea to transfer balances to take advantage of this interest-free period? Not until you figure out that the cost of the transfer will be less than the cost at the institution that originated the transfer, will we believe it. The charges on this card are 4% for each balance transfer (or $10, whichever is higher).

Low APR

This is what makes Bank of America Platinum cards so special! Its APR, which will have a minimum of 10.24% and a maximum of 21.24%, is its variable APR.

NOTE: Generally, this credit card’s regular rate is 14.43%. In contrast, if you have a stellar credit score, it may be much lower.

The Platinum card has other benefits as well

The Bank of America Platinum card may be an ally to some businesses. Additionally, you can save money on things such as travel insurance with this plastic. You can also use it to track your business expenses.

• Employee cards can be requested free of charge.
• With this system, you will be able to manage the cash flow of your business quickly and easily.
• Travel insurance is included in the card.

Last but not least, let’s discuss this. Apart from the standard travel benefits found in similar cards, you have the option of upgrading your accommodation with the Bank of America Platinum card.

Note: Small businesses or people who don’t plan a lot of business trips may not need this card. On the other hand, if you have a large company and travel a great deal, you should apply for a premium credit card.

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What is the Bank of America Platinum card for?

Considering our analysis, this is a perfect candidate for the Bank of America Platinum card:

• An organization that wants a credit card with modest benefits and no annual maintenance fee.
• In order to finance large and expensive purchases, you need a credit card with a low introductory APR.
• If you can get the $300 bonus without saying goodbye to a few dollars in annual fees, that would be great.

We strongly recommend that if you request this card, you spend $3,000 within the first 90 days of joining. If you do so, you will receive a $ 300 bonus. However, you should keep in mind that the introductory APR is only available for seven months. If you are planning to finance a large purchase, it is wise to plan ahead. We recommend that you use this card to pay for your car rental, airfare, and accommodation if you want to take advantage of the benefits for travellers.

Additional benefits offered by the Bank of America Platinum Card

Consider the possibility that the Bank of America Platinum card could be a useful tool for some businesses. The benefit is that you can save money on things like travel insurance with this card.

You can also track business expenses with it.

• Employees can request cards without having to pay for them.
• Managing your company’s cash flow will be easy and fast.
• The card includes a package of travel insurance benefits.

If your company is small or you don’t travel frequently for business, a credit card may not make much difference.

As an alternative, if your company is large and you travel a lot, you might consider applying for a premium credit card.

Platinum Plus Mastercard from Bank of America, the best in interest

This card is perhaps most attractive because of its variable APR. The APR ranges from 10.24% to 21.24%. Furthermore, it has a 0% introductory APR and no maintenance fees, thereby increasing its affordability and benefits.

Likewise, to allow you to compare, we tell you that the lowest APR you can find in the market is not less than 14.42%.

Advantages

• Good variable interest rate.
• APR introductory offer of 0% for seven billing cycles.
• Spend $3,000 in the first 90 days of card issuance and receive a $300 statement credit.

Disadvantage

• Rewards are not offered on a regular basis.

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Frequent asked questions