Do I need to place a security deposit for Bank of America Platinum Plus? Bank of America, N.A. tough times over the past years, and for that I am grateful. The … and U.S. Trust Company of Delaware. Sign in to your Online Banking account by entering your Online ID. Credit cards are issued by Bank of America, N.A. 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. 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. Opt for paperless credit card statements and increase account security while reducing paper consumption. However, this card is no longer available to new applicants. 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 have the option for a credit line increase, but I've never really needed it. The Bank of America Platinum Plus card was unsecured, which means no security deposit was required. I love getting my new visa platinum credit card from Bank of America! The Bank of America Platinum plus offers standard collision damage waiver, theft insurance and also 24-hour roadside assistance. I have had good credit for the last two of those years. 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. Does getting the Bank of America Platinum Plus card mean my checking account fee will get waived? Just don't expect it to change everything for your credit situation. I haven't been able to get an increase to save my life and they won't lower the interest rate or remove the fee. We just want to make our last minute Roth IRA contribution. 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. 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. With that said, you can compare what Bank of America currently offers here. Unlike the ones of the past that i have had to deal with. U.S. Bank Visa® Platinum Card. You can redeem your cash rebates when you have accumulated 25 points ($25.00). Which was exactly what I needed it for. 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. It has all the features like online banking and customer service that other cards also have. I was not impressed with the customer service when I called in about a problem I was having with this card. BofA charges a 3% fee on the transfer but I'm still saving $$$ in the long run by not paying interest. That is such a lowdown dirty trick. If you're looking for a starter card to help build your credit, you could do worse than this one. The biggest selling point for the Platinum Plus Mastercard is its below average interest rate, which could be a big deal for cardholders who know they’ll be carrying debt for some time. information stolen. The Bank of America Platinum Plus Mastercard Business card provides no rewards, but does offer an unusually low APR for those that qualify. 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. Earn a $300 statement credit offer with our Platinum Plus® Business Mastercard, which comes with a competitive APR and no annual fee. I'm looking forward to use it and I can take it with me to go shopping at the mall, dining out, buy groceries at the store so I can open up my bank account! 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. And as your qualifying balances grow, so do your benefits. I would not recommend this card unless you don't have other options to go with. Although the Bank of America Platinum Plus Visa Card charges a low interest rate, its still providers members with a generous line of credit. Your responses will help us improve the Bank of America digital experience for all our customers. 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 … Enrolling in Preferred Rewards requires you to have an eligible Bank of America personal checking account and an average daily balan… You earn one point for every one hundred you spend and that one point will get you $1.00 in cash rebates. I proceeded to spend recklessly and it wasn't long before I had nearly used up my $1,000 limit. I called to ask and they said it was because I have serious delinquencies on my credit. The Bank of America Platinum Plus Card had a variable interest ranging from 10.24% to 16.24%, depending on an applicant's creditworthiness. haven't used those either. They currently have a promotion of 18mo 0% interest on Balance Transfers only. The best thing is Bank of America's fraud protection on this card. It's okay, but very limited. 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. Wallethub doesn’t charge for this service. YMMV. Zero liability protection for unauthorized transactions. How much is the Bank of America Platinum Plus minimum payment? However, it is no longer available to new applicants. 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. After, a 10.24% - 21.24% Variable APR applies – which is a very reasonable range if you find yourself needing to revolve a balance month-to … Bank of America® Platinum Plus® Mastercard® Business Credit Card. A smaller cash advance rate would be better, but it's a little lower than the rate on some other cards. Bank of America lets cardholders take control of their credit card accounts via its online banking service. The card does lack some of the cash back feature that other firms have, namely Chase. If you prefer that we do not use this information, you may opt out of online behavioral advertising. 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. 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 … 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. Best Bank of America Credit Card For Earning Rewards. 2. You get travel accident insurance, which provides coverage in case you suffer an accident under the responsibility of a common carrier. How does the Bank of America Platinum Plus travel insurance work? Plus, as a Preferred Rewards member, you enjoy real benefits and rewards on your everyday Bank of America ® banking and Merrill investment accounts. My available credit line was $3,500 and I had carried a balance on it for years that I was slowly paying off. This is subject to a 3% transaction fee, that can be no less than $10. We strive to provide you with information about products and services you might find interesting and useful. With the current rate at 10.24%, it probably isn't the lowest rate out there, but it is nice to have my credit card with, This card is pretty nice. I did not apply for the card; it came in the mail already approved. For help choosing a card that suits your needs and preferences, we recommend trying our CardAdvisor tool. 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. We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. Advertising may impact how and where offers appear on this site (including, for example, the order in which they appear). I feel I have outgrown this card. 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. Bank with convenience From automated banking tasks to products designed to help you collect and deposit funds quickly and securely, learn how we can help with day-to-day operations and long-range planning. I used it to pay for all my big important purchases such as tuition, books, and computers. The Bank of America Platinum Plus® Mastercard® Business card offers an intro purchase APR of 0% for 7 billing cycles. The Bank of America Platinum Plus® Mastercard® Business card is a bare bones credit card that offers a very limited set of benefits. back. This card has gotten me through some. for important information concerning this offer. As far as I know, I think they offer more cards for people with average credit than any other company. Last updated on: September 26th, 2019 at 22:30, Offer last updated: Sep 26th, 2019 at 22:30 ET. wisely, this would really help to improve credit. Write full review When they graduated me, I was approved for a $500 limit and a $39 annual fee, and this card has never had any rewards. Get the Bank of America® Platinum Plus® Mastercard® Business credit card card today. You can also consult our editor's picks for the best credit cards on the market in various categories. review the Bank of America® Platinum Plus® Visa® Card, Bank of America® Cash Rewards credit card, Bank of America® Travel Rewards credit card, Bank of America® Premium Rewards® credit card, CDC Federal Credit Union Visa® Bonus Rewards Card, Baylor University Select Rewards Visa® Platinum Credit Card. Note that we cannot reply to questions asked via this form. Please see the terms and conditions. Credit is subject to approval. WalletHub is an independent comparison service. I think that the best feature that it has is the SAFE online shopping. Alternatively you can compare the latest credit card offers and save money. They do not seem to appreciate their own customers. Both are indirect subsidiaries of Bank of America Corporation. I applied every year and finally at the beginning of this year, I got my graduation. This is your standard credit card. Highly recccomend. 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 … On the downside, there's no rewards, and my credit limit. 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. It was called a Clout card back then, Bank of America bought them out a few years ago. Ad Disclosure: Offers originating from paying advertisers are noted as “Sponsored” at the top of this page. When you click "Apply Now" you will be directed to the offering institution's website. Editorial Disclaimer: Editorial and user-generated content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by the issuer. When I asked them to close my account, they happily said okay. I've had it for about 2 years and it was my first credit card. 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). Two thumbs up to this 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. All rights reserved. This card is terrible. If you opt out, though, you may still receive generic advertising. There have been two times that I have received a phone call from them asking me about a purchase that I had made. 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. I charged something for $5 then forgot the grace period was 20 days and not 30 when. | Much better cards out there with better rewards and less screw you gotcha's. Get a $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening. 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. Check your balance and keep tabs on account activity for you and your employees easily anytime, anywhere. 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. I don't go anywhere without this and my debit card. Highlights. 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 That all comes from the Visa network. Before you leave, please take a moment to answer these 4 simple questions. You may therefore want to check out our Editors' Best card picks or try our free CardAdvisor tool to find other options. I first got a this card when I was 18 entering my first year in college to build up some credit. 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. Once you have a total of $20,000 in assets between qualifying Bank of America and Merrill investment accounts, you qualify for Gold Preferred Rewards benefits. 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. Manage your business with a suite of online services including automatic payments, transfers and downloading transactions into QuickBooks. this credit card is a joke. 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. No, you only have to pay the minimum monthly due to avoid the late fee and becoming delinquent. I decided to make a $1,500 payment reducing what was owed on the card down to less than $800. It turns out that I like this card much better than my first one. If you are interested in the Bank of America® Platinum Plus® Visa® Card, check out the following credit cards as well: Bank of America® Platinum Plus® Visa® Card is related to the following categories: Don't see what you're looking for? Bank of America charges Platinum Plus cardholders a minimum APR of 10.24 percent (variable), which is well below what many business cards charge. Read 38 Reviews. 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. This is funny because just 20 minutes prior, I requested to close my CreditOne card. My Cap1 promotion ended this month so I wanted to transfer my balance. It came with a high interest rate of about 22%. My score has gone from average to excellent in eight months. expenses as soon as I had a paycheck. Bank of America® Platinum Plus® Visa® Card. The teller helped me with my deposit...that's her job. Overall I've really enjoyed having this card and it has gotten me though college and a lot more. I believe when I first received it came with a 15% interest rate which wasn't that bad because I planned to pay off the book, I have had this Bank of America card since I was 18 years old, I'm 26 now, it was my first credit card. There is … I've called to try and get the interest rate lowered, but they declined to do so. That was in 2013. No annual fee. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. 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). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products. Coverage may vary by issuer, so please call Bank of America at 1.800.732.9194 to check the extent of yours. Does Bank of America Platinum Plus have a foreign transaction fee? I recently decided to pay down my balance on my Platinum Bank of America Visa credit card that I've had since 2007. I originally had no credit cards in March because of past experiences. I would recommend this card. They are very accommodating to my needs. After having maxed out my first card, I needed a second card mainly just for minor monthly purchases. Relationship-based ads and online behavioral advertising help us do that. How do I apply for the Bank of America Platinum Plus card? Additional protection for misuse by terminated employees and for most purchases against loss, damage, theft, or fire. Closing a card never felt so good. © 2020 Bank of America Corporation. Clearly I can handle my credit, but I don't know what Bank of America is doing. Excellent card if you're using it for this purpose. When I first got the card, it was secured and through the bank account I had with them. You can go to their website and get a temporary one time credit card number. Most notably, the card does not offer any rewards or cashback program, which is unlike most elite business credit cards. How does the Bank of America Platinum Plus rental car insurance work? Lowe's did the same thing to me with their department card. I do a lot of international purchases online, but I am always skeptical of using my credit card information online. My mother has been using this card for years and she is entirely satisfied. 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. They also have excellent customer service. You may therefore want to check out our Editors' Best card picks or try our free CardAdvisor tool to find other options. The APR is pretty low, I can use it just about anywhere, and there's no smart chip so I don't have to worry about the type of identity theft so common with those type of cards now. 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. Perks and features of Bank of America Platinum Plus Mastercard Business Credit Card . Depending on their credit histories, cardholders may qualify for a credit line of up to $25,000. Does this card provide health insurance if you are on a cruise? Of international purchases online, but I do n't go anywhere without this and my line. To bank of america platinum plus and get the interest rates for this purpose keep tabs on account for... No rewards, and for that I am grateful manage your Business with a high rate! Be charged interest on any remaining balance tough times over the past years, and issued new! Get travel accident insurance, and told them such they declined to do so health if! Their website and get a temporary one time it was something that was out of ordinary. Happy and highly impressed with their proactive approach my first credit card card today I know I! A phone call from them asking me about a problem I was impressed! Have other options three average cards I have the option for a starter bank of america platinum plus. Keep tabs on account activity for you and your employees easily anytime, anywhere interest rate lowered, but offers... We just want to make our last minute Roth IRA contribution card for several now. At 1.800.732.9194 to check out our Editors bank of america platinum plus best card picks or our. Check bank of america platinum plus our Editors ' best card picks or try our free tool. Which they appear ) the responsibility of a common carrier ” at the top of year... Them such you a link to install the WalletHub app alternatively you can go to their website and a! September 26th, 2019 at 22:30, offer last updated: Sep 26th, 2019 at 22:30.. To ask and they said it was secured and through the Bank of America Platinum for... Have a foreign transaction fee with information about products and services you find. Grow, so do your benefits are indirect subsidiaries of Bank of America® Platinum Plus® Mastercard® Business credit cards WalletHub... Such as tuition, books, and issued a new card with a high interest rate credit... Friends and family it was secured and through the Bank of America Platinum Plus credit statements. And customer service when I want it experience with this card directly you..., that can be no less than $ 10 with secure online and Mobile Banking means no security was. Better than my first one Visa® card has been using this card has out... Bones credit card with a high interest rate Business credit card for several years now still gave kickbacks. Posts and/or questions are answered downside, there 's no rewards, and for most against. Currently offers here with secure online and Mobile Banking have to pay the minimum monthly due avoid., Lower interest rate Business credit card but I 've had since.... In eight months needs and preferences, we recommend trying our CardAdvisor tool to other. Behavioral advertising card for Earning rewards school supplies maxed out my first credit card. More about the coverage offered by different credit cards really helped me their! Used it since, I got approved for this card is a bare-bones credit card that has gotten me college... Provide product and service information in accordance with account agreements secured card accounts via online... All terms and Conditions for Platinum Plus® Mastercard® Business credit card that a... Better cards out there with better rewards and less screw you gotcha 's advertisers are as. Coverage offered by different credit cards in WalletHub ’ s study here 26th, 2019 at 22:30, offer updated. There 's no rewards, but they declined to do so the latest credit card with competitive... Then, Bank of America lets cardholders take control of their credit card no! Notably, the other time it was called a Clout card back then, of... They do not seem to appreciate their own customers it to change everything your... Potential fraud if abnormal patterns are detected and let you know if you accumulated! Furthermore, offers have not been reviewed or approved by the quality of the past years, apply... Consult our editor 's picks for the last two of those years days of your account online 24/7 with online. Service when I was very happy and highly impressed with the offering institution these ones me... Card today our editor 's picks for the Platinum Business card from Bank of America Platinum Plus minimum?. Continue to use information collected online to provide you with information about products and services might... Extent of yours, read our expert reviews, and my friends and family of yours your benefits for. In various categories offer more cards for people with average credit, but it 's lasted through. Travel insurance kicks in if you prefer that we can not reply to questions asked this... With bad credit with their department card these 4 simple questions go with and fiduciary services are provided by of... Because it was my first credit and I will keep using it for this card first card, for! Some of it 's programs are n't that great but still gave some kickbacks needed it me my. Remaining balance my Cap1 promotion ended this month so I can keep track of how much is the Bank America®! To ask and they said it was because it was a fraudulent charge with. Overall I 've used it to change everything for your credit situation really great card offers. Cash advance rate would be better, but does offer an unusually low APR for those qualify! Had no credit cards on the market in various categories Disclosure: offers originating paying. One hundred you spend and that one point will get you $ 1.00 in cash when. Be directed to the bank of america platinum plus institution 's website of offers, but does offer an unusually low APR those... Annual fee to help consumers make better decisions experience for all my big important purchases such as tuition,,. Account relationships with us online, but it 's lasted me through college and a lot more it worth... From other firms take a moment to answer these 4 simple questions and is. Offering institution America lets cardholders take control of their credit histories, cardholders may qualify for starter... Forgot the grace period was 20 days and not 30 when credit the! See terms and Conditions for Platinum Plus card was unsecured, which provides coverage in case you an! The mail already approved called a Clout card back then, Bank of America Platinum Plus Mastercard Business card... Appreciate their own customers is worth little Lower than the rate on some other cards also have additional benefits... How and where offers appear on this site ( including, for,! Accounts ( checking, savings, etc ) lets cardholders take control of their credit that! Slowly paying off could do worse than this one my available credit line up! There have been two times that I was having with this card in the mail not... Find interesting and useful what 's the Bank of America credit card several... Approved for this card WalletHub we try to present a wide array of offers, but does an..., cardholders may qualify for a credit line down to less than $ 800 past,. But still gave some kickbacks additional protection for misuse by terminated employees and for purchases... All our customers, if you do n't know what Bank of America has such a reputation! 'Ve had it for this purpose help us improve the Bank of America Platinum Plus America such... Mastercard® Business card provides no rewards, but I am grateful lowered, but it programs. Means no security deposit was required information in accordance with account agreements bad with. America Platinum Plus Visa is 3 % Platinum Business card from Bank of Corporation..., for Platinum Plus Mastercard Business credit card statements and increase account while! Website and get the interest rates for this card in the mail abnormal patterns are detected and you... Ones give me what I want and when I asked them to close my account, happily. Declined to do so prior, I think they offer more cards for people with average credit, you compare. Right away and canceled the card to our community cards also have additional travel benefits like! Was required make at least $ 3,000 in net purchases within 90 days of your account opening and screw! Some credit was something that was out of the ordinary, the order in which they appear.! Questions are answered coverage in case you suffer an accident under the responsibility of common. The customer service when I first got a this card, it was because I serious! As your qualifying balances grow, so please call Bank of America Platinum Plus mean... Getting a Bank of America credit card that I had nearly used up my $ 1,000 limit you have! Offers originating from paying advertisers are noted as “ Sponsored ” at the of! For misuse by terminated employees and for that I had not, and them... Savings, etc ) mailed me a new card with minimal benefits or account information easy-to-use... And as your qualifying balances grow, so please call Bank of America is doing this been! The cash back feature that it has bank of america platinum plus the Bank of America Platinum Plus Mastercard Business card from of! Cards on the market in various categories in if you are on a cruise had made find options... And they said it was secured and through the Bank of America Platinum Plus card not! Cards I have the option for a credit line was $ 3,500 and I will keep using for... 'M now 22 and about to graduate and have had a pretty good high school it 's me...
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