BankAmericard Power Rewards Visa Signature Review

If you are looking for a great card that offers cash rewards, look no further than the BankAmericard Cash Rewards Signature Card. Offered by Bank of America, this cash rewards card is designed for customers who have an impeccable credit history and need a credit card for their personal use. Depending on your actual credit score and your credit history, your annual percentage rate could differ, but the lowest APR for the BankAmericard Rewards Visa Signature Card is 9.99% and the highest percentage rate is 15.99%.

Currently, you may be eligible for a 0.00% introductory annual percentage rate which is good for the first six billing cycles. You can also transfer balances from other credit cards onto your BankAmericard Rewards Visa Signature Card and pay 0% interest for the first six months. Before signing up, though, check with the actual card issuer to ensure they are not charging a higher rate or fees for cash advances. The BankAmericard Rewards Visa Signature Card also has no annual fee.

Applicants with a FICO score of at least 795 are encouraged to apply for the BankAmericard Rewards Visa Signature Card because they will have a higher chance of getting approved for this cash rewards card. You can still apply if your FICO score is less than 795, but you get less favorable interest rates if you even get approved for the card. Be sure to compare credit cards from other companies willing to give you better interest rates if your score is under 700.

Following the initial six month interest-free period with the BankAmericard Rewards Visa Signature Card, you will get charged an annual percentage rate based on the agreement you have with the card issuer. However, you will not be charged interest on your balance for the first 20 days of the grace period during the billing cycle.

Since the BankAmericard Rewards Visa Signature Card has the Visa logo on it, you can use it anywhere in the world that takes Visa. There are very few places around the globe that do not take Visa, so you can be assured that you have spending power wherever you go.

When you apply for the BankAmericard Rewards Visa Signature Card, expect to wait about one to two weeks for approval. Once you are approved, it may take another week or two for your card to arrive in the mail. The approval rate for the card depends on your individual credit score. If it is above 795 or if you have “excellent credit,” you have a better chance of being approved. However, approval is no guarantee because there are other factors being considered when you apply.

Finally, Bank of America account holders get 50 percent more points with each purchase. The BankAmeriCard Rewards Visa Signature Card does not just award points on certain purchases – the bonus points are awarded on everything you buy.