BankAmericard Cash Rewards Visa Signature Card Benefits

The BankAmericard Cash Rewards Credit Card has a 0% introductory APR, which applies to the first seven or ten billing cycles but counts only towards purchases. It will apply to transfers made within the first sixty days of opening the account, but not afterward. The length of the introductory APR period is determined by your creditworthiness. Minimum payments will be applied to lower APR balances first, with extra payments applied to higher APR balances.

After the introductory period, standard APR ranges from thirteen percent to twenty-one percent, based again on the cardholder’s creditworthiness. This applies to purchases, balance transfers, and deposits that are subject to APR. There is also a variable APR of 24.24% that applies to direct deposits after the initial introductory APR has expired. There is no annual fee for having the BankAmericard Cash Rewards Credit Card. Fees for balance transfers are 4% of the transaction with a minimum of ten dollars.

The benefits of the BankAmericard Cash Rewards Credit Card include a fifty dollar statement credit after the qualifications have been met, as well as an additional twenty-five dollar credit if the cardholder enrolls in online banking. Cardholders can also receive 3% cash back rewards on drugstore, grocery, and gas purchases for the first six months. The cardholder will receive 1% cash back on all purchases indefinitely. The rewards earned can be redeemed for cash in the form of a direct deposit, a check, or to help pay off a Bank of America mortgage. Cash rewards are redeemable starting at twenty-five dollars. Automatic redemptions can be set up as well.

All Bank of America credit cards, including the BankAmericard Cash Rewards Credit Card, have automatic access to fraud and identity theft protection, enabling the cardholder to prevent unauthorized access to and use of their credit cards. All Bank of America cardholders are able to access the online banking service, and can use the credit card as a form of overdraft protection on checking accounts.

These features make the card easy to use, and the rewards program is simple enough to be helpful without being time-consuming. Automated rewards make it even easier to save money. If you are the kind of person who wants to save a little money on purchases you make with your credit card, then this card can provide you with the support you need. For More Information Visit www.bankofamerica.com/credit-cards/