Should you apply for the Bank of America Accelerated Cash Rewards American Express Card? Bank of America is the largest bank in the United States. American Express has the highest volume of credit card transactions in the United States. When these two companies come together to offer a credit card with a rewards program, you know it’s got to be good.
In this Bank of America Accelerated Cash Rewards American Express Card review, we will look at the card’s rate as well as its rewards to help you determine whether or not this card is a good fit for you. Get started comparing other rewards credit cards and use our FREE credit card finder today!
Bank of American Accelerated Cash Rewards American Express Card Rates and Fees
The Bank of America Accelerated Cash Rewards American Express Card has no annual fee, and the annual percentage rate, or APR, is 12.99% to 20.99%, depending on your credit. The card offers 0% APR on purchases and balance transfers for the first seven to ten billing cycles, depending on your credit score, as long as you keep your account in good standing during that time.
The card charges 3% (with a minimum of $10) on all balance transfers, cash advances, and advance checks. And the grace period on purchases is twenty-five days, as opposed to most other cards, which only allow twenty. Late payment fees and overlimit fees range from $15-$29, depending on how much your balance is on the statement date. There is no foreign currency conversion fee on this card, as most international retailers do not accept American Express.
Bank of American Accelerated Cash Rewards American Express Card Rewards Program
Now let’s look at the rewards offered by this card. Right off the bat, you get a $50 credit on the account with your first purchase. The Bank of America Accelerated Cash Rewards American Express Card also lets you earn 1.25 points for every dollar you spend, compared to the one point per dollar that most other credit cards offer.
You can earn and redeem an unlimited amount of points, which are valid for five years. On top of the rewards, the card also offers rebates with affiliated retailers. You can redeem those points for gift certificates, travel, merchandise, cash, and even charitable donations.
One of the Best
As credit cards go, this card is one of the very best. The Bank of America Accelerated Cash Rewards American Express Card offers low rates, high rewards, rebates, and is accepted all over the United States. This is a high-performing card, and the benefits of using it make it a highly competitive option for anyone who is looking to open a credit card that offers a rewards program.
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