Types of Bank of America credit cards
There are various types of Bank of America credit cards, including those for poor credit, cash back cards, reward cards, student cards, sports cards and small business cards.
What are the Benefits of the Bank of America Credit Card for Poor Credit?
The Visa fully secured credit card has a standard APR rating that is not affected by prime rate and this card is suitable for people who want to improve their credit scores. The standard APR for this card is 18.24% and the annual fee is $39. The fee for balance transfers on this card is 4% of the transaction amount and the minimum amount for balance transfer is $10.
What are the Benefits of Bank of America Credit Cards that provide Cash Back?
There are two cards that provide cash back when the card is used to purchase items or services. The Visa Signature card allows users to earn 3% cash back on groceries, gas and drugstores for 6 months while the Accelerated Rewards American Express branded card allows users to earn 1.25% cash back on every purchase. The annual fee for both these cash back cards is $0 while the fee for bank transfer is 4% of the transaction amount.
What are the Benefits of Bank of America Credit Cards that provide Airline Points?
The Alaska Airline Visa Signature card allows users to earn up to 25,000 points after they make a qualifying purchase and the annual fee for this card is $75. The Hawaiian Airlines Visa Platinum card allows users to earn 10,000 points after the first purchase and the annual fee for this card is $50. The Virgin Atlantic American Express branded card allows users to earn more miles more often by making purchases on flights and the annual fee for this card is $90. The Asiana Visa Platinum card also allows users to earn miles faster and the annual fee for this card is $80.
Are There any Bank of America Credit Cards for Cruise Lines?
The Royal Caribbean Platinum Visa Card for cruise lines allows users to earn 2 points for every $1 spent in net retail purchases made with Royal Caribbean and 1 point for every other purchase. In addition users are given 10,000 points after they make their first purchase using this card.
Are there any Bank of America Credit Cards that Provide Rewards?
The Power Rewards Visa Signature Card allows users to earn triple points on purchases made at drug stores, for gas and on grocery for the first 6 months. The World master card for World Reward Points card offers users the opportunity to get various services, benefits and rewards by using this card.
In conclusion, it can be said that the cash back cards provide 1.25% – 3% cash back when the card is used and users can get 10,000 – 25,000 reward points when they make their first purchase using airline reward cards. Bank of America also has cruise line cards, flexible reward cards, student cards and sports cards.
Does Bank of America have a “Black” card?
Yes, there is a card called the Accolades Card from Bank of America which is intended to stack up against other “high-end” credit cards like the American Express Centurion card. The card is a Bank of America credit card with the American Express co-branding. The card is designed to provide clients with an exceptional level of service through a dedicated team of service representatives available around the clock. Cardmembers also have access to a full-service concierge and a slew of other benefits.
Bank of America credit cards and Payment Plans
Something that Bank of America seems to be more cooperative with than other card companies is if you find yourself in a situation where you can no longer pay your credit card minimum payments. If you have fallen on hard times financially, you may want to call up Bank of America and negotiate a repayment plan for your credit cards. They have been known to be willing to reduce your interest rate and actual save you a lot of money in interest charges. You just have to be willing to ask. You’d be surprised what you could accomplish.
