ALMA Bank Business Platinum Payback Mastercard Credit Card Review

Overview

The ALMA Bank Business Platinum Payback Mastercard is a mastercard card issued by ALMA Bank, based in Astoria, NY. It is issued to businesses rather than to individuals.

If you are separating or co-parenting

These are the parts of this card that land differently when a household is becoming two. None of it is a recommendation — your own position decides that.

• Not a personal card. This is issued to a business rather than an individual, so it is not where to start rebuilding personal credit after a separation. It matters if you and your spouse are dividing a business you both own, which is a different question from household credit.
• Ask what it costs to hold. One income is now covering two households, so an annual fee is a fixed cost worth knowing before you apply rather than after. Fees change, so get the current figure from ALMA Bank.
• Ask about the balance transfer rate. This card has carried an introductory balance transfer offer. That matters if your decree assigns you a share of a joint card balance, because moving the balance onto an account in your own name is what actually separates the liability — the decree binds your former spouse, not the bank. Why the decree does not bind your creditors.
• Cashback on spending that is already shared. A large share of post-separation spending goes on the children, and much of it is reimbursed between co-parents afterwards. Whichever parent’s card pays keeps the cashback, which is worth agreeing rather than discovering. What counts as a shared expense.

More on money after a separation: rebuilding your credit · dividing debt · dividing property

Does it offer Cashback?

No, it doesn't offer cashback.

Does it offer Miles?

No, it doesn't offer miles.

Does it offer Points?

No, it doesn't offer points.

What kind of rewards it offers?

The ALMA Bank Business Platinum Payback Mastercard earns cash. Earning rates and any sign-up bonus are set by the issuer and change, so check the current rate with ALMA Bank rather than relying on a figure quoted here.

Does it offer free fraud monitoring?

Yes

Does it offer free card lock?

Yes

Does it offer free online control?

Yes

Does it work with Apple Pay?

Yes

Does it work with Google Pay?

Yes

Does it work with Samsung Pay?

Yes

Does it offer Contactless Payments?

Yes

Card Benefits

Does it offer Zero Liability Protection?

Yes, If an unauthorized purchase is made on your card you won't be held responsible. It doesn't matter if the card was lost, stolen or fraudulently used, you will be covered.

Does it offer Mastercard Global Service?

Yes, If you lose your card you can get it replaced for free.

Does it offer Mastercard ID Theft Protection?

Yes, card holders are eligible for free ID theft protection. Your credit report is monitored for potentially fraudulent activity. If you become vicit of identity theft a fraud specialist is assigned to help you resolve the issue.

Does it offer Extended Warranty Protection?

Yes, card holders may be eligible for the exteded warranty protection.

Does it offer ShopRunner Membership?

No, This card doesn't offer ShopRunner Membership.

Does it offer Priceless Golf?

No, This card doesn't offer Priceless Golf.

Does it offer Complimentary Professional Travel Services?

No, This card doesn't offer Complimentary Professional Travel Services.

Does it offer Mastercard Hotel Stay Guarantee?

No, This card doesn't offer Mastercard Hotel Stay Guarantee.

Does it offer Mastercard Lowest Hotel Rate Guarantee?

No, This card doesn't offer Mastercard Lowest Hotel Rate Guarantee.

Does it offer Mastercard Luxury Hotel and Resorts Portfolio?

No, This card doesn't offer Mastercard Luxury Hotel and Resorts Portfolio.

Does it offer Car, Air, Cruise and Vacation Packages?

No, This card doesn't offer Car, Air, Cruise and Vacation Packages.

Does it offer Mastercard Airport Concierge?

No, This card doesn't offer Mastercard Airport Concierge.

Does it offer Cell Phone Protection?

No, This card doesn't offer Cell Phone Protection.

Does it offer Lyft Discounts?

No, This card doesn't offer discounts for Lyft.

Does it offer Fandango Discounts?

No, This card doesn't offer Fandango discount.

Does it offer World Elite Concierge?

No, This card doesn't offer World Elite Concierge.

Does it offer Rental Car Insurance?

Yes, card holders may be eligible for the rental car insurance.

Does it offer Travel Insurance?

Yes, card holders may be eligible for the travel insurance.

Does it offer Zero Liability Protection?

Yes, If an unauthorized purchase is made on your card you won't be held responsible. It doesn't matter if the card was lost, stolen or fraudulently used, you will be covered.

Does it offer Mastercard Global Service?

Yes, If you lose your card you can get it replaced for free.

Conclusion

This review covers what the ALMA Bank Business Platinum Payback Mastercard is and how its structure lands if you are separating or co-parenting. It deliberately does not quote an interest rate, an annual fee or a credit limit, because those are set by ALMA Bank, vary with your own creditworthiness, and change often enough that any figure printed here would be out of date before you read it.

For the current terms, go to ALMA Bank directly. The Consumer Financial Protection Bureau also publishes a free card comparison tool built from terms that issuers report twice a year, which is a better place to compare rates than any review page.

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