Bank of America Visa Platinum Plus

The Bank of America Visa Platinum Plus is a no-annual-fee credit card that offers a variety of benefits, including travel insurance, purchase protection, and extended warranty protection. It’s a good option for business owners and individuals who are looking for a credit card with basic benefits and no annual fee.

Benefits of the Bank of America Visa Platinum Plus card

Here are some of the key benefits of the Visa Platinum Plus card:

  • No annual fee: The Platinum Plus card has no annual fee, making it a good option for those who are looking for a credit card with basic benefits and no hidden costs.
  • Travel insurance: The card offers a variety of travel insurance benefits, including travel accident insurance, auto rental collision damage waiver, and emergency travel assistance. This can be helpful for travelers who are looking for peace of mind when they’re on the go.
  • Purchase protection: The card offers purchase protection benefits, such as purchase assurance and return protection. This can be helpful for consumers who are looking to protect their purchases from loss, theft, or damage.
  • Extended warranty protection: It also offers extended warranty protection on eligible purchases. This can help consumers save money on repairs and replacements.
  • Other benefits: The Bank of America Visa Platinum Plus card also offers a variety of other benefits, such as fraud protection, zero liability, and online access to account management tools.

Drawbacks of the Platinum Plus card

Here are some of the drawbacks of the Bank of America Visa Platinum Plus card:

  • No rewards: The Bank of America Visa Platinum Plus card does not offer any rewards on purchases. This can be a drawback for consumers who are looking for a credit card that can help them earn cash back, travel rewards, or other perks.
  • High interest rate: The Bank of America Visa Platinum Plus card has a high interest rate, which can make it expensive to carry a balance. This is a drawback for consumers who have difficulty paying their credit card balance in full each month.
  • Foreign transaction fee: The Bank of America Visa Platinum Plus card charges a foreign transaction fee of 3% on all purchases made outside of the United States. This can be a drawback for consumers who travel internationally frequently.

Is the Bank of America Visa Platinum Plus card right for me?

The Bank of America Visa Platinum Plus card is a good option for business owners and individuals who are looking for a credit card with basic benefits and no annual fee. It’s also a good option for travelers who are looking for travel insurance benefits.

However, it’s important to note that the Bank of America Visa Platinum Plus card does not offer any rewards on purchases and has a high interest rate.

How to apply for the Bank of America Visa Platinum Plus card

To apply for the Bank of America Visa Platinum Plus card, you can visit the Bank of America website or call 1-800-276-6255.

You will need to provide your personal information, such as your name, address, and Social Security number. You will also need to provide your employment information and income.

Conclusion

The Bank of America Visa Platinum Plus card is a good option for business owners and individuals who are looking for a credit card with basic benefits and no annual fee. It’s also a good option for travelers who are looking for travel insurance benefits.

However, it’s important to note that the Platinum Plus card does not offer any rewards on purchases and has a high interest rate.

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