What Kinds of Credit Cards Does Bank of America Offer?
Bank of America is one of the lenders in the United States that offers Visa, MasterCard and American Express credit cards to qualified consumers. Such cards allow people to pay their purchases back over time. Bank of America offers cards suitable for college students, people with no credit history, and rewards or cash back incentive programs for customers with an excellent credit rating. Almost all Bank of America credit cards have an online application process. The company has an A+ rating with the Better Business Bureau, according to the BBB official website.
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American Express
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Bank of America is one of the lenders certified to offer cards with the American Express logo and offer accompanying customer benefits such as travel insurance and special entertainment ticket rates. One of the most popular cards requested by consumers, according to the bank's website, is the Accelerated Rewards American Express card. As of September 2009, the card had an introductory zero percent interest rate for seven to 10 months for qualified new customers, and the regular interest rate ranged from about 13 percent to 20 percent depending on the consumer's credit history. Each dollar spent on the card accrues 1.25 rewards points, which can be redeemed for cash, travel benefits, gifts and gift cards.
Student Cards
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As of September 2009, Bank of America offers two Visa credit cards for college students. Their Student Platinum Plus Visa card has no annual fee and a 14.24 percent interest rate. Part-time and full-time students at any accredited college are eligible to apply for the credit card. Card benefits include travel insurance, roadside assistance, identity theft protection, auto rental insurance, and available replacement coverage for purchases that are stolen, lost, or damaged with 90 days of the initial transaction. Checks that permit cash advances and balance transfers are also offered to cardholders.
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Establishing Credit
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Bank of America has a Visa credit card for those who are not college students but need to establish or rebuild their credit history. Approved applicants receive a BankAmericard Visa. As of September 2009, the interest rate ranged from 10.99 percent to 17.99 percent. Some applicants, depending on their credit issues, may receive a zero percent interest rate for seven to 10 months. The card has no annual fee and includes benefits such as car rental insurance, travel insurance, roadside assistance, checks for cash advances and balance transfers, and replacement coverage for card-purchased goods.
Sports
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Sports enthusiasts may wish to apply for one of Bank of America's Visa cards that displays logos from Major League Baseball, NASCAR, the U.S. Olympic team, National Football League or PGA. Most of the sports co-branded cards include general Bank of America customer benefits as well as special sports-related incentive programs. One of the available cards as of September 2009 was the NFL Extra Points Platinum Plus Visa. Points accrued through the rewards programs could be redeemed for gifts ranging from NFL merchandise to Super Bowl tickets. The card's regular interest rate ranged from 8.24 percent to 18.24 percent.
Social Causes
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Those interested in social causes can pursue one of Bank of America's Visa credit products that help support issues such as breast cancer and saving wildlife and domestic pets. One of the available cards as of September 2009 was the Make-A-Wish Platinum Plus Visa with the WorldPoints rewards program. The lending product has no annual fee and an interest rate ranging from 8.24 percent to 18.24 percent. With every purchase, Bank of America makes a donation to the Make-A-Wish program without any added cost to the customer. Full rewards and customer benefits such as travel and car rental insurance are also available with most of the bank's social cause credit cards.
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