Located in Iowa City, the University of Iowa is a state supported research university and one of the oldest educational institutes in the state. The school’s alumni association offers members a list of benefits which include the University of Iowa credit card issued by Bank of America. This branded MasterCard product is part of Bank of America’s WorldPoints program.
New applicants may apply by calling a toll-free number listed on the University of Iowa Alumni Association website. They can also follow a link to a secure online application which redirects them to Bank of America’s server. Applicants must be at least 18 years of age and furnish proper information including social security number and income. Compare this with other credit cards now!
Since the University of Iowa credit card is a branded MasterCard product, users have access to ATMs and merchants all over the world, wherever MasterCard is accepted. In addition to the previously mentioned WorldPoints program, the card is also eligible for the Iowa Rewards program offered by the university.
University of Iowa Credit Card: WorldPoints and Iowa Rewards
The WorldPoints program applied to the University of Iowa credit card rewards users according to their everyday purchases, for things such as gas and groceries. Consumers who shop online at the WorldPoints Mall can earn extra bonus points at a rate as high as 10 times that of normal purchases. Rewards credit card points are managed through the Bank of America website and can be redeemed for cash back credit card rewards, merchandise, travel, gift cards, VIP access, and donations to charitable organizations.
The Iowa Rewards program awards card holders separate points to be redeemed for activities and events related to the University. Examples of redemption include a chance to sit in the radio broadcast booth during a Hawkeye football game, a worn game jersey, and UI Bucks vouchers worth up to $75 which can be spent in university stores or participating businesses in Iowa City.
University of Iowa Credit Card Rates
Interest rates for the University of Iowa credit card are more or less in line with industry average, including the standard APR of 12.99% to 20.99% for all purchases and balance transfer credit card transactions. The APR for cash advances is 24.24% and there is no penalty APR. New applicants are given a 12-month introductory offer of 0% interest on standard purchases. The introductory rate does not apply to balance transfers and cash advances. Compare this and other online credit cards now!