Bank of America offers a MasterCard with which customers can collect points on everyday purchases that can be redeemed for a number of rewards. As rewards credit cards go, this is obviously intended for a very specific market segment.
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This card is also equipped with Paypass, which allows customers to simply tap and go when they wish to make purchases at participating merchants. Read on to find out if this card is right for you.
Precious Moments Credit Card Features
A new accountholder receives a $50 credit on his or her account the first time they use it for a qualifying purchase. The introductory Annual Percentage Rate (APR) for the first 12 months is set to 0% on purchases. After that point, the standard APR will be between 12.99-20.99%.
A balance transfer credit card fee of 4% is charged for each transaction. The minimum amount payable is $10.
Customers who choose this card, which is similar to many retail credit cards, can reach a customer service representative on a 24/7 basis. They also get the benefit of price protection when they use their card. If an identical item is found at a lower price within 60 days of purchase, the customer is reimbursed for the amount of the difference.
Precious Moments Credit Card Benefits
- One point is awarded for every dollar spent on eligible purchases.
- Customers who choose this card can start redeeming points once the balance reaches 2,500 or higher. The points can be used toward travel credit card rewards, hotel stays, car rentals, gift certificates and merchandise.
Precious Moments Credit Card Protects Customers
Customers who choose the Precious Moments card get the benefit of having total security protection fraud and unauthorized use of their card. They can get account information online on a 24/7 basis.
This card can be linked to the customer’s checking account to provide optional overdraft protection. With today’s busy lifestyles, it’s very easy to lose track of a transaction, and this feature means that customers who have accounts in good standing with sufficient funds to cover the overdraft don’t need to worry about dealing with bank fees if a check bounces. Compare other online credit cards now!