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Easy $300 With the Bank of America Platinum Visa Business Card (Won’t Affect 5/24 Status!)

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Easy $300 With the Bank of America Platinum Visa Business Card (Won’t Affect 5/24 Status!)

Million Mile SecretsEasy $300 With the Bank of America Platinum Visa Business Card (Won’t Affect 5/24 Status!)Million Mile Secrets Team

Signing up for credit cards through partner links earns us a commission. Terms apply to the offers listed on this page. Here’s our full Advertising Policy.

INSIDER SECRET: This could be a decent option for small business owners who’ve been in the miles & points hobby for a while.

Here’s an easy way to earn a pair of Ben Franklins.

With the Bank of America® Platinum Visa® Business credit card, you’ll get a $300 statement credit after you spend $3,000 in purchases within the first 90 days of account opening. And the card has no annual fee!

Here’s what you need to know.

Easy 200 With This Spanking New Credit Card Wont Affect 524 Status
I LOVE Miles & Points, but Cash Is Still the Most Flexible Rewards You Can Earn From a Credit Card

Bank of America Platinum Visa Small Business Card

Apply Here:   Bank of America® Platinum Visa® Business credit card

The Bank of America Platinum Visa Small Business card is a pretty vanilla card that comes with a $300 statement credit after spending $3,000 in purchases on the card within the first 90 days of account opening.

The card also comes with:

  • Additional employee cards at no extra cost
  • NO annual fee

Is This a Good Deal?

This card doesn’t come with a list of spectacular benefits or offer any rewards for ongoing spending. But the $300 statement credit welcome offer is pretty decent for a card with no annual fee.

Easy 200 With This Spanking New Credit Card Wont Affect 524 Status
Make $300 by meeting this small business card’s minimum spending requirements

If you’ve been a miles & points hobbyist for a while, you probably already have lots of cards from other banks, like Amex, Chase, and Citi. So this could be a good card for you.

Bank of America small business cards have historically NOT counted against your Chase “5/24 rule” status.  So opening the Bank of America Platinum Visa Small Business card should NOT adversely impact your chances of being approved for valuable Chase cards later!

And remember, you don’t need a million dollar corporation to qualify for a small business card. If you have a for-profit venture, like babysitting, coaching, freelance writing, or selling items on eBay, you have a small business.

Bottom Line

You’ll earn a $300 statement credit after spending $3,000 in purchases on the card within the first 90 days of opening the Bank of America® Platinum Visa® Business credit card. Its ongoing benefits are pretty much non-existent, but at least it has no annual fee.

Also, Bank of America small business cards don’t affect your Chase 5/24 status. So you can open this card without impacting your chances of being approved for other travel credit cards.

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Bank of America® Platinum Visa® Business credit card

Bank of America® Platinum Visa® Business credit card

  • Get a $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening.
  • Save on interest with a competitive purchase APR.
  • No annual fee.
  • 0% Introductory APR on purchases for your first 7 billing cycles.
  • Employee cards at no additional cost to you and with credit limits you set.

More Info

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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chronicrelief

Do you need an EIN to apply for this card? It’s a required field on the BofA credit card application but I’m not sure if you can just enter your SSN.

The application firm says that for sole proprietors, an SSN can be used instead of an EIN, so you should be good to go!

Not sure why this card is being recommended over the Business Advantage Cash Rewards Card also from BofA? Both have a $300 bonus for $3k spend, no AF, but this card also earns rewards on spend. Basically, will increase your reward potential. Definitely not a keeper, but a better alternative. It’s also a business card.

Are you sure it will not affect 5/24? I am at 5/24 and will be 4/24 in 2 months…..i do not want to be hit with another inquiry for obvious reasons and would apply for this card, as long as it is confirmed it will not count to 5/24.

This card will NOT increase the average age of your credit accounts, because it doesn’t show up on your personal credit report.

Million Mile Secrets

Right! Thanks for the comment, post is updated.