Bank of America Platinum Business Benefits: Enjoy Travel Protections With This No Annual Fee Card

  • Caroline Lupini

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    The Southwest Performance Business Card provides some peace of mind with rental car coverage when you need to rent a car for business trips. (Image by Piyawat Nandeenopparit/Shutterstock)

    Update: One or more card offers in this post are no longer available. Check our Hot Deals for the latest offers. INSIDER SECRET: Even though the Bank of America® Platinum Visa® Business credit card doesn’t offer much in the way of rewards on spending, it does offer some travel insurance which is great for a card with no annual fee.

    The Bank of America Platinum Business credit card is a small-business card that doesn’t have an annual fee. However, this card does not offer any rewards, nor does it offer cashback for purchases.

    Here are the Bank of America Platinum Business benefits that stand out to us the most.

    The Bank of America Platinum Business Card might not have an annual fee, but the card still offers valuable benefits like car rental coverage. (Photo by Piyawat Nandeenopparit/Shutterstock)

    Bank of America Platinum Business Benefits

    Apply Here: Bank of America Platinum Visa Business credit card

    Read our review of the Bank of America Platinum credit card

    With the Bank of America Platinum Business credit card, you can earn a $300 bonus when you spend $3,000 on purchases in the first three months of your account opening. The bonus is awarded in the form of a statement credit. Because there’s no annual fee, you’ll be able to apply that credit to any purchase you’d like, but, after you earn that $300 bonus, you won’t earn more rewards with this card.

    Additionally, the Bank of America Platinum Business Card offers these benefits:

    Cash Flow Management

    The Bank of America Platinum Business credit card offers a selection of management tools that you can use to track your company and employees’ spending, transfer and download information to QuickBooks, set up automatic payments and more. You’ll also get unlimited employee cards at no additional cost. Having access to unlimited employee cards could be critical to your business, and managing their spending from within the app or online should be fairly easy with this card.

    Travel and Emergency Services

    With your Bank of America Platinum Business credit card, you’ll have access to the following travel and emergency services:

    The Bank of America Platinum Business credit card offers a few other basic benefits, like overdraft protection. If you have a good or excellent credit score, and you are looking for a card that will give you a headstart on your next purchases, the Bank of America Platinum Visa may be an option worth considering.

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    Updated on 10/1/19
    Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)
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