Posted by Chuck on April 8, 2019
Credit Cards Bank of America Logo

Published on April 8th, 2019 | by Chuck

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Bank of America Business Platinum $300 Signup Bonus and No Annual Fee

The Offer

Direct Link to offer

  • Signup for the Bank of America Business Platinum Visa card and get a $300 bonus when you spend $3,000 within 90 days.

Card Details

  • 0% APR for the first 7 billing cycles; competitive rates thereafter
  • No annual fee

Our Verdict

I don’t recall ever noticing this card before, doesn’t look too interesting for ongoing use, just a no-frills, basic business card.

According to my WayBack research, it looks like the card typically has no bonus at all, I guess the 0% APR is the signup perk of the card. Yet according to our (somewhat dated) signup bonus spreadsheet, there has been offers of a $200 bonus. Regardless, $300 is certainly a new high, and seems to be a decent bonus for a no-fee business card.

Check out these Things to Know about Bank of America Credit Cards before applying. Last I know, business cards probably don’t count toward/against the 2/3/4 rule. Other Bank of America signup bonuses available:

Hat tip to Reddit member chong786



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Frito Pendejo
Frito Pendejo

If only they weren’t so sensitive to inquiries/accounts…

pjm
pjm

yeah…i ran $20K through one of their cards, applied for the “premier” travel card (which really isn’t premier compared to the other banks)….DENIED. i’m an 820 credit score too. sheesh. moved my spending to other banks.

Rick
Rick

Is it possible you ran into their 2/3/4 rule? I had around $100/month (if even that) spending on their cash rewards card and FICO was nowhere near 820 but I was approved.

frogger
frogger

They aren’t sensitive at all if you have checking and savings with them

Matthew
Matthew

Can confirm, am close to 30/24 and was approved for Premium Rewards, Alaska Biz, & Cash Rewards Biz after 1 month of having a checking account open.

Jeremy
Jeremy

Does this count towards Chase 5/24 rule? using personal social security # as tax id

Abey

No. They dont report business cards.

Rena
Rena

I used to always get denied by BoA until I stopped applying but recently I got a mailer for the cash rewards card, so maybe I’m somewhat “okay” for them now? Tempted.

Rena
Rena

Went pending, but the check status page says I don’t exist.

Jeremy
Jeremy

Same here. I called them and they said my application was approved 🙂 866-695-6598

cc
cc

Business cards don’t show up on their app status page will get an email or can always call them as well.

Rena
Rena

Update: applied for this card and also the $350 bonus business card to merge inquiries. Called about that card today, agent reviewed the app, asked a few questions, and approved. Haven’t decided whether or not I want to call about this card yet, since 6k in 3 months is a bit difficult.

Emporio
Emporio

Rena What $350 bonus business card are you referring to? The public bonus on this business card is $300 and I didn’t see any other business card offerings with a $350 bonus. Did you receive a different targeted offer?

Rena
Rena

It’s the other boa business card.

clow
clow

I was auto denied from a personal mailer.

Nick
Nick

Does this count toward 5/24?

Abey

No. They dont report business cards.

Nick
Nick

Thanks was asking cause cap1 reports buss cards along w couple others.

Jesse
Jesse

Pretty much the same routine as applying for a Chase card with a “business”?

Emily
Emily

I don’t see an expiration date on the terms and conditions, is this info available anywhere?

Cameron
Cameron

Got this. Dont have any of this stuff…
“Please provide the following:
Proof of business ownership or authorization to borrow on behalf of the business (e.g. corporate resolution, organization’s meeting minutes, articles of incorporation, articles of organization or certificate of incorporation).
Verification of the legal structure of the business. Verification may include Articles of Inc/Articles of Org/Cert of Trade Name/Partnership agreement. For Non-Profit, provide primary mission (U.S or International) & legal classification (e.g. 501(c)(3)).
The two most recent accountant prepared, year-end business financial statements/tax returns
Your two most recent years of federal personal tax returns with all schedules. If you filed a tax extension, please provide a copy of your most recent W2 forms or, for sole proprietorships, an internally prepared year-end profit and loss statement.”

Jesse
Jesse

Did you apply using your SSN?

cameron cleland
cameron cleland

Yes

Andy
Andy

Approved this week (applied with SSN#) – the welcome e-mail I got said “Congratulations. You’ve been approved for a Business Advantage Credit Card.” So I’m not sure if I have the Business Platinum or Business Advantage – either way it looks like there’s a $300 SUB for $3K spend and NAF, so I should be good.

PassiveChurn
PassiveChurn

I guess to add to your point about this one’s history, my own personal history with this card:

I went for the $500 business “checking” offer back in July of last year. I applied for the Business Cash Rewards credit card along with that, which had a $200 after $500 spend bonus.

I noted from your site that BoA combines hard pulls, and the Business Platinum had a public $200 after $500 spend bonus, as well. So I applied for it, too, and got approved and got both bonuses with only one hard pull.

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