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 no annual fee, low ongoing annual percentage rate (APR), and a long 0% introductory APR period on purchases and balance transfers.
Banc of California is located in 24 branches spread throughout the State of California. If you wish to apply for a business credit card, you can either go to the nearest Banc of California branch or call (877) 770-BANC to inquire.
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
16.99% to 25.99% 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
- Doesn’t charge annual fees
Cons
- Doesn’t offer any rewards for their new and existing cardholders
- No introductory balance transfers
- 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
16.99% to 25.99% 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
- Doesn’t charge annual fees
Cons
- Doesn’t offer any rewards for their new and existing cardholders
- No introductory balance transfers
- 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 | 28 | 35 |
Features | 8 | 10 |
Introductory Rewards | 0 | 10 |
Ongoing Rewards | 0 | 10 |
Total Score | 71 | 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
Banc of California Mastercard® Business Platinum Card doesn’t offer introductory or ongoing rewards. This is rare, even among credit cards that charge a low APR. The key benefit of using this credit card is that you get a competitive ongoing APR while enjoying a 0% introductory rate on purchases and balance transfers for the first 18 billing cycles.
Banc of California Mastercard® Business Platinum Card Features
Management Benefits
- 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.
- 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 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.
Security Benefits
- 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 activity. Meanwhile, zero fraud liability protects you from fraudulent use of your card or account information if your card is lost or stolen. You won’t be responsible for any unauthorized purchases.
- Mastercard SecureCodeTM: Mastercard offers private codes, 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.
Mastercard-specific Benefits
- MasterRental insurance coverage: Pays for physical damage and theft to most rental vehicles of up to $50,000. Note that you must pay for the rental transaction with this card and decline the collision/loss damage waiver and personal effects insurance offered by the rental agency.
- MasterRoad assist service: Offers 24-hour emergency roadside assistance.
- Mastercard global service: Provides worldwide 24-hour assistance on lost and stolen cards, emergency card replacement, and emergency cash advance.
- Mastercard value-added tax (VAT) reclaim service: Helps you reclaim the VAT paid on business services purchased in the European Union.
Banc of California Mastercard® Business Platinum Card Fees
APR
- Introductory on purchases: 0% for the first 18 billing cycles
- Introductory on balance transfers: 0% for the first 18 billing cycles for balances transferred within 558 days from account opening
- Ongoing and balance transfers: 16.99% to 25.99% variable, which will adjust with the prime rate
- Cash advance: 29.99% variable, which will adjust with the prime rate
- Penalty: 32.24% 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 at www.myaccountaccess.com
- Autopay: Schedule an automatic monthly withdrawal from a checking or savings account
- Phone: Call (866) 486-1017, follow the prompts to make your credit card payment
When to Consider Banc of California Mastercard® Business Platinum Card Alternatives
You Want a Card with the Flexibility to Exceed Your Credit Limit
Banc of California Mastercard® Business Platinum Card won’t give you the flexibility to exceed your credit limit. If you want this particular feature, we suggest the American Express Blue Business CashTM, as it offers expanded buying power—allowing you to spend beyond your credit limit. Note that the amount will adjust depending on your usage, payment history, credit record, and financial resources.
Its fixed rewards, 12-month 0% introductory period on purchases, and unique features are why it’s our top recommended instant approval business credit card and one of our best credit cards for new businesses with no credit history.
The American Express Blue Business Cash™ Card
BEST FOR:
Those who want better cash back rewards
Intro APR
0% on purchases
Regular APR
18.49% - 26.49% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- 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, 18.49% - 26.49%, 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.
- Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.
- No Annual Fee
- Terms Apply
Pros
- 0% intro APR
- Welcome bonus
- 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.
Intro APR
0% on purchases
Regular APR
18.49% - 26.49% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- 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, 18.49% - 26.49%, 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.
- Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.
- No Annual Fee
- Terms Apply
Pros
- 0% intro APR
- Welcome bonus
- 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.
You Prefer Another Banc of California Business Credit Card
Banc of California Mastercard® Business Platinum Card does not offer rewards to its new and existing cardholders. If you prefer a cash back business credit card from the Banc of California, we recommend the Banc of California Mastercard® Business Cash Preferred Card.
On top of earning 3% cash back on eligible purchases at gas stations, cellphone service providers, office supply stores, and restaurants, including takeout and food delivery service purchases, it also offers a 0% introductory period on purchases and balance transfers.
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.
You Need a Cash Back Business Credit Card With A Long 0% Introductory Period
Banc of California Mastercard® Business Platinum Card does not offer any rewards for its new and existing cardholders. If you want a business card that offers rewards on top of a long 0% introductory period, then consider the U.S. Bank Business Triple Cash Rewards World Elite Mastercard®.
It offers a long 0% introductory period (15 billing cycles for purchases and balance transfers) and cash back rewards. This and its premium rewards are why it made it in our roundups of the best small business credit cards, best credit cards for new businesses with no credit history, and best business credit cards for balance transfers.
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
BEST FOR:
0% APR for 15 billing cycles
Intro APR
Regular APR
19.24% - 28.24% (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 $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants.
- 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.
- Rewards never expire.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks
- 0% Intro APR on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 19.24% - 28.24%.
- No annual fee.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
- Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
Pros
- 0% APR applies to both purchases and balance transfers
- Unlimited cash back rewards
- No annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- 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.
Intro APR
Regular APR
19.24% - 28.24% (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 $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants.
- 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.
- Rewards never expire.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks
- 0% Intro APR on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 19.24% - 28.24%.
- No annual fee.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
- Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
Pros
- 0% APR applies to both purchases and balance transfers
- Unlimited cash back rewards
- No annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- 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.
See our list of the best small business credit cards for more options.
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 lacks annual fees. However, it doesn’t offer any rewards.
