Bank of America Accelerated Rewards American Express Card Rewards and Cost/Fees/Interest rates

The Bank of America Accelerated Rewards™ American Express Card is a very good reward credit card with a reward program that offers travel, shopping and cash back rewards. There is no annual fee, the apr is low and you can earn unlimited points.

Fees - There is no annual fee for this card. The apr is fixed at 9.99%/19.99%. The average daily balance method is used to calculate monthly balances. New cardholders get an introductory 0% apr on balance transfers and cash advance checks for 12 billing cycles. This is also one of the few card that give you 25 days of grace period (versus 20 days for most other cards).

Concierge Service and Other Perks - Cardholders will have access to concierge service to book difficult to get tickets, restaurant reservations and other stuff. You can also use more than 2,200 American Express Travel Services at more than 140 countries. You will also get benefits like extended warranty, roadside assistance, emergency assistance etc.

Verdict - We recommend the Bank of America Accelerated Rewards™ American Express Card to those with very good credit, who is looking for an all-round reward program and yet wants a credit card with a very low interest rate. There are several very positives things about this card. Firstly, you get a reward program with travel, shopping and cash back rewards. You can earn unlimited points. You get extra perks like concierge services and access to American Express Travel Services. The apr is probably the lowest in the market today and you get a very good balance transfer deal.

Positives

# Earn unlimited points
# No annual fee
# 0% apr offer on balance transfers and cash advance checks for 12 billing cycles
# low apr

Bank of America Accelerated Rewards™ American Express® Card
Reward Benefits
Point Accumulation	1 Point for every dollar you spend on purchases
Point Expiration	5 years
Caps on Points	Earn unlimited Points
Cost/Fees/Interest rates
Introductory rate	0% Introductory APR for Balance Transfers and Cash Advance Checks through your first twelve statement Closing Dates
Annual Fee	No annual fee
Purchase APR	9.99%/19.99%
Balance Transfer APR	9.99%/19.99%
Cash Advance APR	19.99%
Grace Period	25 days
Balance Calculation Method	Average Daily Balance (including new purchases)
Balance Transfer Fee	3%, min $10.00
Advance checks fee	3%, min $10.00
ATM Cash Advance fee	3% min $10.00
Other Cash Advance fee	3% min $10.00
Foreign Currency Conversion fee	None
Over-the-credit-limit fee	Based on your balance as of the day the fee is assessed - $15 if $500 or less; $29 if between $500.01 and $1000; $39 if over $1000.
Late Payment fee	Based on your balance on the late fee posting date - $15 if $100 or less; $29 if between $100.01 and $250; $39 if over $250.