Read this review of the Bank of America Accelerated Rewards American Express card offer to decide if this is the best credit card for you.
Bank of America is the biggest bank in the United States. American Express is the busiest creditor in the United States. When both of these companies collaborate on a credit card offer that includes a rewards program, it’s a joint effort of epic proportions. But in order to ascertain whether or not this card is a good fit for you depends on the rates and the rewards, and how they stack up to what other banks are offering.
We’ve taken the liberty of compiling the essential stats of this card so that you can make an informed decision about whether or not this is the right credit card for you. Read to learn some of the benefits of the BOA Accelerated Rewards Card.
Bank of American Accelerated Rewards Financial Details
The Bank of America Accelerated Rewards American Express Card boasts an array of all the best features that a good credit card should have:
- No annual fee
- APR is 12.99% to 20.99%, depending on your credit.
- 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
- 3% fee on all balance transfers, cash advances, and advance checks, with a minimum charge of $10
- Grace period on purchases is twenty-five days
- Overlimit fees and late payment fees run from $15-$29. The amount depends on what your balance is on the statement date.
- No foreign currency conversion fee on this card
Bank of America Accelerated Rewards Reward Program
The BOA AmEx Accelerated Rewards card also offers an excellent variety of rewards. You get an immediate reward for making your first purchase on the card: a $50 credit on the account. You also earn 1.25 points for every dollar you spend, as opposed to the single point-per-dollar ration that most other credit card companies offer.
Points are valid for five years, and you can earn an unlimited number of points. In addition to earning points, many retailers in the combined rewards network of Bank of America and American Express offer great discounts to cardholders. You can see an immediate discount on your purchase, and you can also often earn double or even triple points during special times.
Those points can be redeemed for anything from gift cards to merchandise and even cash refunds.
Comparing Rewards Credit Card Offers
There are many other rewards credit cards available today that are similar to what the Bank of America Accelerated Rewards American Express Credit Card is offering including the Discover More Card, the Chase Freedom Card, and the Chase Sapphire Card.
Between the excellent interest rates and the high rewards ratio, the Bank of America Accelerated Rewards American Express card is a great card but of course you should compare other credit cards to decide which card is best for you.
Use our free “Chaser” tool for comparing credit cards today!
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