Credit Card Review: Platinum Visa® Business Credit Card

#1 Online Credit Card Consulting

Apply for a credit card | Credit card education | Credit card blog

In-Depth Credit Card Review:

Platinum Visa® Business Credit Card

The most ambitious and dedicated small business owners today prefer to fund themselves with a bank card. It helps them track their expenses more easily and save on business-related purchases. If you are venturing to start out as an entrepreneur, Platinum Visa® Business Credit Card will support your financial activity on your way to success.

What does this plastic card from Bank of America offer you as a business owner?
1.First, you will be eligible for everyday savings on all your purchases starting from day 1, as this business plastic offers you 0% fixed introductory APR lasting 9 months.
2.You are not cut from savings after the intro period, however. The low ongoing APR and no annual fee enable you to use your Platinum Visa® Business Credit Card most efficiently and purchase business supplies without affecting your budget that much.
3.Second, this bank offer allows its customers to separate their business expenses from personal expenditures, thus making it much easier to control the money flow and pay the bills.
4.Then, Platinum Visa® Business Credit Card helps you do away with your current debt, if you have any, offering 0% intro rate on balance transfers. Try to pay the balance off during the first 9 months and you will save a good deal!
5.This Platinum Visa can rejoice its holders with an armful of other beneficial features apart from the rates and fees. As its customer, you get access to the user-friendly Online Banking and dedicated customer service. On becoming the lucky owner of Platinum Visa® Business Credit Card, you get entitled to such services as Security and Purchase Protection, Travel and Emergency service, as well as convenient account access and control including Automatic Bill Payments, monthly statements and access to more than 5,800 banking centers nationwide.
6.On top of that, Platinum Visa® Business Credit Card allows you the available limit of up to $25,000, savings and generous discounts on business-related purchases, which you can make at the free online Visa business workshops, and a grace period on purchases of at least 20 days.
7.Platinum Visa® Business Credit Card is issued to good and excellent rating consumers, with a solid FICO score and long payment history. So, it is important to check your report before applying to avoid a denial.

Attention: Do not apply for this bank product if your rating does not meet the requirements of the issuer as it may hurt your scores and damage the payment history.

(Review Updated: February 12, 2008)

0% Intro APR on Purchases, Balance Transfers for 9 Billing Cycles
11.99% Regular Variable APR for Purchases
20.99% Regular Variable APR for Cash Advances

20 days Grace Period

(* 0% intro APR on purchases and balance transfers for 9 months)

Finance Configuration: Average Daily Balance (including new purchases)

Additional Cardholders: n/a

Late Payment Fee: $19

Over-The-Limit Fee: $19 for balances of $500 or less, $29 for balances of $500.01 - $1,000, $39 for balances greater than $1,000

Cash Advance Fee: 3% (minimum $10)

Balance Transfer Fee: n/a

Minimum Credit Limit: n/a

Maximum Credit Limit: $25,000

Type of Reward: None

Additional Features for Platinum Visa® Business Credit Card:

Free Online Banking service with Bill Pay lets you access your account and pay bills online 24/7.
Monthly statements for easy expense tracking.
Automatic Bill Payment lets you schedule hassle-free electronic payments.
Medical and legal referral assistance.
Free online business workshops from Visa.
Emergency ticket replacement, lost-luggage assistance, and emergency translation service.
Prescription assistance and document-delivery arrangements.

Important Notes for Platinum Visa® Business Credit Card:

See website for complete terms and conditions of card usage and application disclosure.

Look for Similar Credit Cards by Category

What is a FICO score?

Notes: The review on Platinum Visa® Business Credit Card was updated on February 12, 2008. The review is believed to be accurate during the update, however, information posted may have changed since the update. We strongly suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application.