The University of Miami’s Alumni Association has teamed up with Bank of America to offer a MasterCard which benefits the association’s programs. The University of Miami credit card is a WorldPoints Platinum Plus MasterCard featuring the university’s duck mascot in an orange football jersey. New applicants may apply online at the Bank of America website.
When you first bring up the application be aware that a chat window will appear with an offer of live assistance to help you complete the application. Should you refuse live assistance you can fill out the application on your own rather quickly. Applicants who already have accounts with Bank of America can save time by using the Express Application Service. Compare more online credit card offers now!
During the application process you may request balance transfers, a second card at no cost, and Credit Protection Plus. Credit Protection Plus allows cardholders to cancel their minimum monthly payment requirements in the unfortunate case of a layoff, death, or other serious circumstance. There is a monthly charge of $.95 per $100 of your account balance.
University Of Miami Credit Card Terms and Conditions
The University of Miami credit card begins with no annual fee and a 0% introductory APR for the first 12 billing cycles. The introductory rate applies to purchases only. Upon expiration, the standard APR for purchases and balance transfer credit card purchases is 12.99% to 20.99% based on credit worthiness. The cash advance rate is 24.24% and applies to check cash advances, ATM cash withdrawals, overdraft protection, and other transactions as determined by the bank. The card has no penalty APR.
Foreign transactions are assessed a fee of 3% while balance transfers, cash advances, and wire transfers are all charged a fee of $10 or 4%. Late payments and returned payments are assessed fees of $35 and $25 respectively.
University Of Miami Credit Card WorldPoints Rewards
Bank of America’s WorldPoints Rewards credit card program is common among the credit card products they offer. The program rewards card holders with one point for every dollar in qualifying purchases, with no limit on the number of points that can be earned. Points can be redeemed toward brand-name merchandise, air travel credit card rewards with no blackout dates on participating airlines, dining and shopping discounts, and cash back credit card benefits. Card holders manage their points through an online account tool provided by Bank of America. Compare credit cards now!