More on that in February when I call in and request it, but, I found it a touch disheartening that the Bank of America people didn't even try to keep my business and the really kind of horrible CreditOne people did (the card is horrible, not the people). I think this is a fair credit card policy. When they graduated me, I was approved for a $500 limit and a $39 annual fee, and this card has never had any rewards. I love getting my new visa platinum credit card from Bank of America! With average credit, it is not easy to get all credit cards. That was in 2013. Bank of America, N.A. Does this card provide health insurance if you are on a cruise? Share your insights and review the Bank of America® Platinum Plus® Visa® Card. They also have excellent customer service. To enroll in the Preferred Rewards program you must have an active, eligible Bank of America personal checking account and maintain a qualifying balance of at least $20,000 for the Gold tier, $50,000 for the Platinum tier, or $100,000 for the Platinum Honors tier in your combined qualifying Bank of America deposit accounts (such as checking, savings, certificate of deposit) and/or your Merrill ® investment … these ones give me what I want and when I want it. 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. Information is displayed first and foremost to help consumers make better decisions. Although the Bank of America Platinum Plus Visa Card charges a low interest rate, its still providers members with a generous line of credit. We have the right to change your terms, rates and fees at any time, for any reason, in accordance with the business card agreement and applicable law. Most notably, the card does not offer any rewards or cashback program, which is unlike most elite business credit cards. I don't go anywhere without this and my debit card. My available credit line was $3,500 and I had carried a balance on it for years that I was slowly paying off. Wallethub doesn’t charge for this service. The Bank of America Platinum Plus Mastercard Business card provides no rewards, but does offer an unusually low APR for those that qualify. Unlike our friendly local Bank of America where platinum preferred plus (whatever they call the highest consumer customer tier) gets to go to the front of the line, being the highest customer tier at Wells Fargo doesn't help you avoid the wait. How does the Bank of America Platinum Plus travel insurance work? I have been using this card for a little over 4 and a half years now, and I find them to be of pretty good service no matter what the problem is. Equal Housing Lender new window. 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. If you prefer that we do not use this information, you may opt out of online behavioral advertising. My Cap1 promotion ended this month so I wanted to transfer my balance. Check your balance and keep tabs on account activity for you and your employees easily anytime, anywhere. However, this card is no longer available to new applicants. This is subject to a 3% transaction fee, that can be no less than $10. With that said, you can compare what Bank of America currently offers here. I have no issues with using this card and I would suggest this card to anyone who is looking for a simple card to use. For help choosing a card that suits your needs and preferences, we recommend trying our CardAdvisor tool. Enrolling in Preferred Rewards requires you to have an eligible Bank of America personal checking account and an average daily balan… They saw this right away and canceled the card, and issued a new one. 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've never missed a payment and I haven't carried a balance on this card since right before the year mark, so 2014. I have had good credit for the last two of those years. I was strictly going to use it for books and school supplies. I applied every year and finally at the beginning of this year, I got my graduation. This is your standard credit card. Zero liability protection for unauthorized transactions. Earn a $300 statement credit offer with our Platinum Plus® Business Mastercard, which comes with a competitive APR and no annual fee. The card does lack some of the cash back feature that other firms have, namely Chase. 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 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. Flexible redemption options: When the time comes to cash in your initial reward, you can accept the cash bonus via a statement credit, physical check or an electronic deposit into a Bank of America checking or savings account. haven't used those either. The Bank of America Platinum Plus® Mastercard® Business card offers an intro purchase APR of 0% for 7 billing cycles. Bank of America lets cardholders take control of their credit card accounts via its online banking service. As far as I know, I think they offer more cards for people with average credit than any other company. Find out all about the Bank of America® Platinum Plus® Mastercard® Business card - we'll provide you with the latest information and tell you everything you need to know to find your perfect card. I got it in 2004. If you opt out, though, you may still receive generic advertising. | They currently have a promotion of 18mo 0% interest on Balance Transfers only. You can also consult our editor's picks for the best credit cards on the market in various categories. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. Does getting the Bank of America Platinum Plus card mean my checking account fee will get waived? I paid it off in full before the closing date imagine my surprise when I was fined twice what the original charge was, just for the privilege of using Bank of Satans crappy card. However, if you do not pay in full, you will be charged interest on any remaining balance. The Bank of America Platinum Plus Mastercard Business card is a business credit card. Bank of America - Platinum Plus Visa Reviews Other Credit Cards: Average: 3.6; High: 5.0; Write a Review < / > Embed ⚑ Claim this listing Add to list. To waive your Bank of America fee you must have at least one qualifying direct deposit of $250+, or maintain a $1,500 minimum daily balance, or be enrolled in Preferred Rewards, or be a student under 24 enrolled in school. What's worse is they didn't even notify me! It came with a high interest rate of about 22%. Before submitting an application, always verify all terms and conditions with the offering institution. Sign in to your Online Banking account by entering your Online ID. You also have additional travel benefits, like auto rental insurance, and protection against accidents or medical emergencies that happen internationally. This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have. It was my first credit and I just graduated high school. The … I feel I have outgrown this card. Trust and fiduciary services are provided by Bank of America, N.A. Highly recccomend. 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 … When you enroll in the Preferred Rewards program, you can get a 25% — 75% rewards bonus on all eligible Bank of America ® credit cards. I would recommend this card. How do I apply for the Bank of America Platinum Plus card? Note that we cannot reply to questions asked via this form. Please contact us directly if you have any account or service related issues. The Bank of America® Platinum Plus Mastercard Business Card provides you with benefits such as the $300 introductory offer after spending $3,000 in purchases within the first 90 days of account opening. Save on interest with a competitive purchase APR. The Bank of America Platinum Plus card was unsecured, which means no security deposit was required. Link opens in a new window. WalletHub is an independent comparison service. Bank of America® Platinum Plus® Visa® Card. The Bank of America Platinum Plus Card had a variable interest ranging from 10.24% to 16.24%, depending on an applicant's creditworthiness. Closing a card never felt so good. Depending on their credit histories, cardholders may qualify for a credit line of up to $25,000. for Platinum Plus® for Business Mastercard®, for Platinum Plus for Business Mastercard, Lower Interest Rate Business Credit Cards. of my credit" and decided to reduce my credit line down to $800!!! I've been using it to build credit throughout college. 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. The Bank of America Platinum Plus Card had a variable interest ranging from 10.24% to 16.24%, depending on an applicant's creditworthiness. 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. Coverage may vary by issuer, so please call Bank of America at 1.800.732.9194 to check the extent of yours. with a Platinum Plus® Mastercard® Business card, Apply now for Platinum Plus® for Business Mastercard®, Terms and conditions for Platinum Plus® for Business Mastercard®. I called to ask and they said it was because I have serious delinquencies on my credit. 52 reviews of Bank of America "I rarely go into my bank these days with all the ATMs, automatic deposits, online banking, etc., but I had to go in and deposit a check today and I got great customer service that I thought I should share here on Yelp. I did not apply for the card; it came in the mail already approved. 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 travel insurance kicks in if you use the card to purchase your travel tickets. information stolen. They are very accommodating to my needs. Bank of America charges Platinum Plus cardholders a minimum APR of 10.24 percent (variable), which is well below what many business cards charge. Enter your cell phone number and we’ll send you a link to install the WalletHub app. The Bank of America® Platinum Plus® Mastercard® Business credit card is a bare-bones credit card with minimal benefits. Read 38 Reviews. Your responses will help us improve the Bank of America digital experience for all our customers. Perks and features of Bank of America Platinum Plus Mastercard Business Credit Card . I decided to make a $1,500 payment reducing what was owed on the card down to less than $800. I used it to pay for all my big important purchases such as tuition, books, and computers. Some of it's programs aren't that great but still gave some kickbacks. To protect your identity, please do not submit personal or account information. Enjoy greater security and peace of mind with a credit card enhanced by chip technology – now the security standard in the U.S.  Plus, chip credit cards are accepted in more than 130 countries, including Canada, Mexico and the United Kingdom. The APR is competitive and is similar to offers from other firms. I have been using the Bank of America Platinum Plus Card for several years now. 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. It has all the features like online banking and customer service that other cards also have. Just don't expect it to change everything for your credit situation. Granted, I was switching at a time when interest rates were depressed all over the country, but the rates quoted by Bank of America … This card is terrible. They instantly credited the money back to my card and mailed me a new card with a new account number. I originally had no credit cards in March because of past experiences. An optional service to help prevent declined purchases, returned checks or other overdrafts when you link your credit card to a Bank of America business checking account for overdraft protection. 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. I hear they are good for people with bad credit with their secured card. You can redeem your cash rebates when you have accumulated 25 points ($25.00). I've called to try and get the interest rate lowered, but they declined to do so. Relationship-based ads and online behavioral advertising help us do that. I have two very old accounts in collections that are about to fall off that have not affected my ability to grow my credit score to a beautiful 700+, pick up the American Express every day blue cash card (no annual fee), Chase Sapphire with an $11,000 limit, or the ever difficult to obtain CapitalOne VentureOne card (also with no annual fee) and a $5,000 limit. If I wasn't concerned about it negatively affecting my near perfect credit score because I have had this card forever I would cancel it in a heartbeat. Last updated on: September 26th, 2019 at 22:30, Offer last updated: Sep 26th, 2019 at 22:30 ET. Alternatively you can compare the latest credit card offers and save money. Clearly I can handle my credit, but I don't know what Bank of America is doing. They are great for people with average credit in terms of own many cards you can get. Do I need to place a security deposit for Bank of America Platinum Plus? Don't be surprised if you kinda get treated like the scum of the Earth even after you've built your credit into the skies. There have been two times that I have received a phone call from them asking me about a purchase that I had made. 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'm now 22 and about to graduate and have had a pretty good experience with this card. The best thing is Bank of America's fraud protection on this card. My mother has been using this card for years and she is entirely satisfied. Overall I've really enjoyed having this card and it has gotten me though college and a lot more. 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. How does the Bank of America Platinum Plus rental car insurance work? Manage your business with a suite of online services including automatic payments, transfers and downloading transactions into QuickBooks. Remember that the foreign transaction fee is in play both when you’re traveling abroad and when you're purchasing from internationally based merchants. It was called a Clout card back then, Bank of America bought them out a few years ago. Both are indirect subsidiaries of Bank of America Corporation. You can go to their website and get a temporary one time credit card number. and U.S. Trust Company of Delaware. For customer service call: 800-732-9194, Ext. this credit card is a joke. Member FDIC. wisely, this would really help to improve credit. That is such a lowdown dirty trick. Manage your account online 24/7 with secure Online and Mobile Banking. Standard message rates apply. Mine was 12 months at the time, and helped me relieve some of the stress from the situation and get me back on my feet. I was very happy and highly impressed with their proactive approach. You get travel accident insurance, which provides coverage in case you suffer an accident under the responsibility of a common carrier. for important information concerning this offer. Last year, their fraud protection office called and asked me if I had made a $200 purchase to "Blizzard Entertainment" (they run the World of Warcraft game). BofA charges a 3% fee on the transfer but I'm still saving $$$ in the long run by not paying interest. No, you only have to pay the minimum monthly due to avoid the late fee and becoming delinquent. You can also read more about the coverage offered by different credit cards in WalletHub’s study here. 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. In addition, it is not issuer’s responsibility to ensure all posts and/or questions are answered. 2. Highlights. I highly recommend them for average credit. I proceeded to spend recklessly and it wasn't long before I had nearly used up my $1,000 limit. At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products. We block potential fraud if abnormal patterns are detected and let you know if we suspect fraudulent activity. Please see the terms and conditions. Info about the Bank of America® Platinum Plus® Visa® Card has been collected by WalletHub to help consumers better compare cards. Learn more about this card, read our expert reviews, and apply online at CreditCards.com. To enroll in the Preferred Rewards program you must have an active, eligible Bank of America personal checking account and maintain a qualifying balance of at least $20,000 for the Gold tier, $50,000 for the Platinum tier, or $100,000 for the Platinum Honors tier in your combined qualifying Bank of America deposit accounts (such as checking, savings, certificate of deposit) and/or your Merrill ® investment … 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. It turns out that I like this card much better than my first one. However, this card is no longer available to new applicants. Furthermore, offers have not been reviewed or approved by the offering institution. I was so happy when I first started using the service, because they are not impersonal like other bank credit card companies that I have had to deal with.I will highly recommend this card because it really help me build credit and was great for loans and good, I've had this card for about 8 years to help me build credit. This card has gotten me through some. Does Bank of America Platinum Plus have a foreign transaction fee? Also, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill. Everyone will be different in terms of things like past negatives and other various but over time,, if you manage credit, One of the problems with this card is that it has a high interest rate even for those who have near perfect credit. Cards on the market in various categories using it currently we do not use this information, you will directed! 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