Bank of America Accelerated Cash Rewards American Express Card Benefits

The Bank of American Accelerated Cash Rewards card offers rewards worth 1.25% on all purchases, cash advances (of any type) and balance transfers. You can begin redeeming your rewards for a check, direct deposit into your Bank of America account, or a credit to your account statement when you earn $50 in rewards. There is no earnings limit and no expiration date on the rewards you earn.

By combining the benefits of American Express with Bank of America, CardMembers receive added value over many of the other credit cards offered by Bank of America.

Benefits include:

* Access to 2,200 American Express® Travel Service locations in more than 140 countries

* Emergency assistance service

* Automatic travel accident insurance, car rental loss and damage insurance

* Retail protection against theft or damage for goods purchased with this card

* A host of special privileges offered to American Express CardMembers

* Unauthorized use and fraud protection through Bank of America

Pros:

* The American Express reputation and renowned customer service
* Select American Express benefits, such as travel insurance and car rental protection.
* No annual fee
* 0 % introductory APR on purchases, balance transfers and cash advances
* No earnings limit or expiration date on rewards
* Can redeem your rewards for a credit on your statement
* Overdraft protection for your Bank of America account

Cons:

* Extremely high cash advance APR after the introductory period
* No opportunities to earn double rewards points
* Relatively high APR after the introductory period
* Other American Express cards offer more benefits and more opportunities to earn bonus rewards points