Easy $200 With This Spanking New Credit Card (Won’t Affect 5/24 Status!)

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Easy $200 With This Spanking New Credit Card (Won’t Affect 5/24 Status!)

Million Mile SecretsEasy $200 With This Spanking New Credit Card (Won’t Affect 5/24 Status!)Million Mile Secrets Team

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

Bank of America has introduced a new small business credit card, the Bank of America® Platinum Visa® Business credit card.  You’ll get a $200 statement credit after you spend $500 in purchases within the first 60 days of account opening.  And the card has no annual fee!

Emily and I don’t get a commission on this card, but we’ll always let you know when a new deal pops up!

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

I’ll give you the details of this new offer.

Bank of America Platinum Visa Small Business Card

Link:   Bank of America® Platinum Visa® Business credit card

I’m always excited to see banks introduce a new credit card into the marketplace.  It gives us another opportunity to earn a welcome bonus, and it causes other banks to create more cards to stay competitive!

The Bank of America Platinum Visa Small Business card is a pretty vanilla card that comes with a $200 statement credit after spending just $500 in purchases on the card within the first 60 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 new credit card does NOT come with a list of spectacular benefits.  The card doesn’t offer any rewards for ongoing spending.  But the $200 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 $200 By Meeting a Low Minimum Spending Requirement!

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

Bank of America has just released its latest credit card, the Bank of America® Platinum Visa® Business credit card.

You’ll earn a $200 statement credit after spending just $500 in purchases on the card within the first 60 days of account opening.  Its benefits do NOT give you much incentive to keep using the card.  At least it has no annual fee.

Bank of America small business cards do NOT affect your Chase 5/24 status.  So you can open this card without impacting your chances of being approved for better cards later on.

Emily and I don’t earn a commission on this card, but we’ll always tell you all your options for earning credit card rewards!

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The Business Platinum® Card from American Express OPEN

The Business Platinum® Card from American Express OPEN

  • Welcome Offer: Earn up to 75,000 Membership Rewards® points.
  • Earn 50,000 Membership Rewards® points after you spend $10,000 and an extra 25,000 points after you spend an additional $10,000 all on qualifying purchases within your first 3 months of Card Membership.†
  • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.
  • Get 50% more Membership Rewards® points. That's 1.5 points per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year.
  • 35% Airline Bonus: Use Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline, and you can get 35% of the points back, up to 500,000 bonus points per calendar year.
  • You can also receive 35% points back on all First and Business class flights, with all airlines available through American Express Travel.
  • You can enjoy access to The American Express Global Lounge Collection℠ offering access to the most lounges across the globe, when compared with other U.S. credit card offerings. As of 11/2017
  • Terms Apply
  • See Rates & Fees
Terms Apply | Rates & Fees

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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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.