Platinum Plus Mastercard Business Credit Card

Bank of America

The Platinum Plus Mastercard Business credit card offers a $0 annual fee and 0% introductory APR on purchases for the first 7 billing cycles from account opening. Currently offers a $300 statement credit if you meet spending requirements first 90 days of account opening.

Requirements:

  • Personal Credit Score 690+ (for good credit applicants)
  • EIN Number
  • Company email address
  • Legal business name
  • Business address and phone number

Business Credit:

  • 0% Intro APR for 7 billing cycles from account opening
  • Variable APR 10.24% - 21.24% after that
  • Reports to Equifax Business only

CLICK HERE to apply

  • $0 annual account fee

Good Credit Requirements - Only apply if you meet the following criteria:

  • You have not declared bankruptcy in the past 5 years
  • You have not defaulted on a loan in the past 5 years
  • You have not been 60 days late on any credit card, medical bill or loan in the past 12 months.
  • You have a loan or credit card for 3 years or more with a credit limit above $3,000

Documents and information to have ready (may require you to submit proof of ownership)

Business Information

  • EIN letter
  • Address verification (business utility bill, bank statement, etc.)
  • Legal business name
  • Date business was formed
  • State of legal formation
  • Gross annual sales and net profit

Owner and Controlling Manager

  • Name and title of person opening account
  • Name and address of entity for the account
  • Name, date of birth, ss#, residential address for each controlling individual of the business

Personal Information form Card Holders

  • Social security number (used to verify identity)
  • Date of birth
  • Address
  • Valid email address
  • 1

    Remember - Credit Reporting

    Not all card issuers report business credit card account activity to a business credit reporting agency. Some card issuers "may" report to personal reports or "may" only report to personal reports in the event of default.
    Some card issuers may report to both personal and business credit reports. For example, Capital One business credit cards report to both personal and business credit reports.

  • 2

    Note - Hard Inquiry

    Some issuers are more forthcoming than others, but the majority indicate they make a hard inquiry on a personal credit report during the application process. A hard pull could cause a small, temporary drop in your credit scores. (typically up to 5 points)

  • 3

    Tip - Personal Guarantor

    If you stop paying the business credit card bill, you will be held personally responsible for what is owed, even if the account does not report to your personal credit report.