Banc of California Mastercard® Business Platinum Card is designed for business owners who need to pay other credit card debts. This non-rewards card comes with a $0 annual fee, low ongoing annual percentage rate (APR), and long 0% introductory APR period on purchases and balance transfers.
If you wish to compare one card over another, select a maximum of three cards on this page and click Add to compare to view the details in a side-by-side comparison.
Banc of California Business Platinum Mastercard®
BEST FOR:
Existing Banc of California account holders who want a low-interest card
Intro APR
0% introductory APR for the first 20 billing cycles
Regular APR
17.24% to 26.24% variable
Annual Fee
None
Credit Needed
Good to excellent
- This card does not offer rewards to its new and existing cardholders
Pros
- Low ongoing APR
- Offers a long introductory APR on both purchases and balance transfers
- Enjoy $0 annual fees
Cons
- Doesn’t offer any rewards for their new and existing cardholders
- Balance transfer fee is applied even with the 0% introductory period
- Management benefits: Banc of California can help you build your credit history in no time and protect you against terminated employees’ misuse of either up to $100,000 for companies with more than five cardmembers or up to $25,000 per cardmember for companies with two to four cardmembers.
- Fraud protection and zero fraud liability: Fraud protection helps detect and prevent fraudulent activities by monitoring your account regularly, and the bank will notify you of any unusual card activity
- MasterRental insurance coverage: Mastercard pays for physical damage and theft to most rental vehicles of up to $50,000.
- Mastercard global service: Provides worldwide 24-hour assistance on lost and stolen cards, emergency card replacement, and emergency cash advance
Intro APR
0% introductory APR for the first 20 billing cycles
Regular APR
17.24% to 26.24% variable
Annual Fee
None
Credit Needed
Good to excellent
- This card does not offer rewards to its new and existing cardholders
Pros
- Low ongoing APR
- Offers a long introductory APR on both purchases and balance transfers
- Enjoy $0 annual fees
Cons
- Doesn’t offer any rewards for their new and existing cardholders
- Balance transfer fee is applied even with the 0% introductory period
- Management benefits: Banc of California can help you build your credit history in no time and protect you against terminated employees’ misuse of either up to $100,000 for companies with more than five cardmembers or up to $25,000 per cardmember for companies with two to four cardmembers.
- Fraud protection and zero fraud liability: Fraud protection helps detect and prevent fraudulent activities by monitoring your account regularly, and the bank will notify you of any unusual card activity
- MasterRental insurance coverage: Mastercard pays for physical damage and theft to most rental vehicles of up to $50,000.
- Mastercard global service: Provides worldwide 24-hour assistance on lost and stolen cards, emergency card replacement, and emergency cash advance
When evaluating a low-interest business credit card like the Banc of California Mastercard® Business Platinum Card, we first consider the introductory and ongoing APR. We also rate the introductory and ongoing rewards and additional features like auto rental insurance and emergency roadside assistance.
Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
Introductory APR | 35 | 35 |
Ongoing APR | 27 | 35 |
Features | 6 | 10 |
Introductory Rewards | 0 | 10 |
Ongoing Rewards | 0 | 10 |
Total Score | 68 | 100 |
Who the Banc of California Mastercard® Business Platinum Card Is Best For
- Those looking to finance a large purchase or intending to carry a balance: It features a 0% introductory APR for the first 18 billing cycles on both purchases and balance transfers.
- Those with existing business checking accounts with Banc of California: If you already bank with the provider, getting this card allows you to manage all of your business transactions in one bank.
Check out our recommended alternatives below if this card isn’t the best fit.
Banc of California Mastercard® Business Platinum Card Rewards
While the Banc of California Mastercard® Business Platinum Card doesn’t offer introductory or ongoing rewards, it makes up for the card’s long 0% introductory period on purchases and balance transfers (for the first 18 billing cycles).
Banc of California Mastercard® Business Platinum Card Features
- Zero fraud liability: Be protected in case any unauthorized transaction is charged to your card. Note that you must notify Elan Financial Services immediately of any unauthorized use
- Free employee cards: Issue employee cards at no additional cost
- Online reporting tools: Use the Banc of California’s online reporting tools to view credit card spending by categories, transaction type, and period—month quarter or year
Banc of California Mastercard® Business Platinum Card Fees
APR
- Introductory: 0% for the first 18 billing cycles on both purchases and balance transfers; for balance transfers, the 0% introductory period will apply on balances transferred within 558 days from date of account opening
- Ongoing and balance transfers: 17.24% to 26.24% variable, which will adjust with the prime rate
- Cash advance: 29.99% variable, which will adjust with the prime rate
- Penalty: 32.49% variable, which will adjust with the prime rate. The APR may be applied to your account if you:
- Pay the bill five calendar days late twice or 30 calendar days late once
- Make a payment that’s returned
- Exceed the credit limit twice in 12 consecutive months
Fees
- Annual: $0
- Balance transfer and convenience check cash advance: Either $5 or 3% of the amount transferred/advanced, whichever is higher
- Foreign transaction:
- 2% of each foreign transaction in United States dollars
- 3% of each foreign transaction in a foreign currency
- Cash advance, cash advance ATM, and cash equivalent advance: Either $10 or 4% of the amount of each transaction, whichever is greater
- Overdraft protection: $10
- Late payment:
- $19 on balances up to $100
- $29 on balances from $100 to $250
- $39 on balances of $250 or more
- Returned payment: $35
- Overlimit: $39
Your due date is within 24 to 30 days after the close of each billing cycle.
- Online: Log in to your account on www.business.bancofcal.com.
- Phone: Call (855) 351-2262 and follow the prompts.
- In-person: Go to the nearest Banc of California branch.
Banc of California Mastercard® Business Platinum Card Alternatives
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
BEST FOR:
Those wanting to earn up to 5% cash back on selected spending categories
Intro APR
0% intro on purchases for 12 billing cycles
Regular APR
18.24% - 27.24% Variable
Annual Fee
$0
Credit Needed
Excellent, Good
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn $750 in cash back. Just spend $6000 on the Account Owner's card in the first 180 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations (transactions of $200 or less)*, office supply stores, cell phone service providers and restaurants (*excludes discount stores/supercenters and wholesale clubs).
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No limit on total cash back earned.
- Redeem Cash Rewards right away or save them for later. Cash Rewards do not expire as long as the account remains active.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or QuickBooks.
- Terms and conditions apply.
Pros
- 0% purchase APR for 12 months
- $0 annual fee
- U.S. Bank ExtendPay® Plan feature
Cons
- No 0% APR on balance transfers
- Charges balance transfer and foreign transaction fees
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
- U.S. Bank ExtendPay® Plan: Pay off your eligible balance over time with this feature without interest—just pay a small monthly fee
Intro APR
0% intro on purchases for 12 billing cycles
Regular APR
18.24% - 27.24% Variable
Annual Fee
$0
Credit Needed
Excellent, Good
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn $750 in cash back. Just spend $6000 on the Account Owner's card in the first 180 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations (transactions of $200 or less)*, office supply stores, cell phone service providers and restaurants (*excludes discount stores/supercenters and wholesale clubs).
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No limit on total cash back earned.
- Redeem Cash Rewards right away or save them for later. Cash Rewards do not expire as long as the account remains active.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or QuickBooks.
- Terms and conditions apply.
Pros
- 0% purchase APR for 12 months
- $0 annual fee
- U.S. Bank ExtendPay® Plan feature
Cons
- No 0% APR on balance transfers
- Charges balance transfer and foreign transaction fees
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
- U.S. Bank ExtendPay® Plan: Pay off your eligible balance over time with this feature without interest—just pay a small monthly fee
The Banc of California Mastercard® Business Platinum Card does not offer rewards. If you need a long 0% introductory period and the ability to earn rewards, then we suggest you consider the U.S. Bank Business Triple Cash Rewards World Elite Mastercard®. Not only does it offer a 0% introductory period on purchases for the first 12 billing cycles, but you can also earn up to 5% cash back on selected spending categories.
American Express Blue Business Cash™
The American Express Blue Business Cash™ Card
BEST FOR:
Those who want better cash back rewards
Intro APR
0% on purchases
Regular APR
17.74% - 25.74% Variable
Annual Fee
No annual fee
Credit Needed
Excellent, Good
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 17.74% – 25.74%, based on your creditworthiness and other factors as determined at the time of account opening. APRs will not exceed 29.99%
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- The amount you can spend above your credit limit is flexible, so it adapts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors. Just remember, the amount you can spend with Expanded Buying Power is not unlimited.
- No Annual Fee
- Terms Apply
Pros
- 0% introductory annual percentage rate (APR)
- Welcome offer
- Fixed rate rewards
- $0 annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter. (Car Rental Loss and Damage Insurance can provide coverage up to $50,000 for theft of or damage to most rental vehicles when you use your eligible Card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the Commercial Car Rental Company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. Geographic restrictions apply. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.)
Intro APR
0% on purchases
Regular APR
17.74% - 25.74% Variable
Annual Fee
No annual fee
Credit Needed
Excellent, Good
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 17.74% – 25.74%, based on your creditworthiness and other factors as determined at the time of account opening. APRs will not exceed 29.99%
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- The amount you can spend above your credit limit is flexible, so it adapts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors. Just remember, the amount you can spend with Expanded Buying Power is not unlimited.
- No Annual Fee
- Terms Apply
Pros
- 0% introductory annual percentage rate (APR)
- Welcome offer
- Fixed rate rewards
- $0 annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter. (Car Rental Loss and Damage Insurance can provide coverage up to $50,000 for theft of or damage to most rental vehicles when you use your eligible Card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the Commercial Car Rental Company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. Geographic restrictions apply. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.)
Consider the American Express Blue Business Cash™ if you want expanded buying power—a unique feature that offers a flexible spending limit after meeting certain criteria. It also offers a 0% introductory period on purchases for the first 12 billing cycles and lets you earn up to 2% cash back on all purchases.
Banc of California Mastercard® Business Cash Preferred Card
Banc of California Mastercard® Business Cash Preferred Card
BEST FOR:
Those with active Banc of California business checking accounts who want to earn rewards
Intro APR
0% APR for the first six billing cycles
Regular APR
19.24% to 28.24% variable
Annual Fee
$0
Credit Needed
Good
- $25 cash back bonus after making your first purchase
- 3% cash back on eligible purchases at gas stations, cellphone service providers, office supply stores, and restaurants (including takeout and food delivery service purchases), with no caps or limits on the points you can earn
- 1% cash back on all other eligible purchases, with no caps or limits on the points you can earn
- $100 annual software credit after using your card to pay software subscriptions for 11 consecutive months
Pros
- With sign-up bonus
- Does not charge annual fees
- There is no limit on the rewards that you can earn
Cons
- Offers a short 0% introductory period on purchases and balance transfers
- Rewards expire within five years from the end of the quarter in which they are earned.
- Mastercard SecureCode™: Mastercard offers private codes, which is an added layer of protection against unauthorized transactions on your card.
- Account truncation: Banc of California ensures that your privacy is protected by only displaying the last four digits of your account number and removing the expiration date from your receipts.
- Online reporting with spend analysis: The card comes with a free online tool that lets you review your credit card spending on a monthly, quarterly, annual, or year-to-date (YTD) basis. You can even view your expenses by total spending, average ticket, or merchant and download an account summary with up to 36 months of data.
Intro APR
0% APR for the first six billing cycles
Regular APR
19.24% to 28.24% variable
Annual Fee
$0
Credit Needed
Good
- $25 cash back bonus after making your first purchase
- 3% cash back on eligible purchases at gas stations, cellphone service providers, office supply stores, and restaurants (including takeout and food delivery service purchases), with no caps or limits on the points you can earn
- 1% cash back on all other eligible purchases, with no caps or limits on the points you can earn
- $100 annual software credit after using your card to pay software subscriptions for 11 consecutive months
Pros
- With sign-up bonus
- Does not charge annual fees
- There is no limit on the rewards that you can earn
Cons
- Offers a short 0% introductory period on purchases and balance transfers
- Rewards expire within five years from the end of the quarter in which they are earned.
- Mastercard SecureCode™: Mastercard offers private codes, which is an added layer of protection against unauthorized transactions on your card.
- Account truncation: Banc of California ensures that your privacy is protected by only displaying the last four digits of your account number and removing the expiration date from your receipts.
- Online reporting with spend analysis: The card comes with a free online tool that lets you review your credit card spending on a monthly, quarterly, annual, or year-to-date (YTD) basis. You can even view your expenses by total spending, average ticket, or merchant and download an account summary with up to 36 months of data.
While the Banc of California Mastercard® Business Platinum Card offers a long 0% introductory period on purchases and balance transfers, it does not offer rewards. We recommend the Banc of California Mastercard® Business Cash Preferred Card if you are seeking an alternative Banc of California business credit card that offers unlimited cash back rewards.
Frequently Asked Questions (FAQs)
Banc of California has over 30 physical branches spread across the State of California.
You can apply for the Banc of California Mastercard® Business Platinum Card either online or by visiting a branch.
Yes, you can request a credit limit increase for your Banc of California Mastercard® Business Platinum Card by either calling (855) 351-2262 or visiting a branch.
Bottom Line
Banc of California Mastercard® Business Platinum Card is an excellent business credit card if you need to charge a large purchase or carry a balance, as it offers an interest-free financing option on both purchases and balance transfers for the first 18 billing cycles. It also charges a low ongoing APR and $0 annual fees. However, it doesn’t offer any rewards.
