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| Credit Card Review |
The Elite Rewards® World MasterCard® Credit Card, issued by FIA Card Services, N.A., is designed for those with good credit who want the opportunity to earn a variety of rewards.
Through the reward program, cardholders earn one point per dollar spent on general purchases and double points per dollar spent at participating merchants. Today Bank of America offers a wide range of credit card. In addition, 500 bonus points are awarded after the first purchase. There is a limit of 90,000 points that may be earned per year (7,500 per billing cycle), and any unused points expire in four years. Bank of America has a great variety of credit card deals. Points are redeemable for gift certificates, car rentals, hotel stays, and flights on over 125 U.S. based airlines. Bank of America has announced the Elite Rewards® World MasterCard® Credit Card.
The card has no annual fee, a 0% introductory rate for both balance transfers and cash advance checks for the first twelve billing cycles, and a very low fixed interest rate for those who qualify once the introductory rate expires. It is important to understand that the APR for purchases and balance transfers will vary according to the applicant's credit history and will be either 9.9% or 15.99%.
Therefore, those who will qualify for the lowest rate offered, will take advantage of the introductory rate, and would like to participate in the reward program will benefit most from what the Elite Rewards® World MasterCard® Credit Card has to offer.. The Elite Rewards® World MasterCard® Credit Card is a good card
Most Attractive Feature: Very low fixed APR for purchases and balance transfers for those who qualify; 0% introductory offer; access to reward program; no annual fee.
Least Attractive Feature: No extraordinary benefits or discounts offered to cardholders aside from the reward program.
Apply Now For Elite Rewards® World MasterCard® Credit Card
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Note: The review
of this Elite Rewards® World MasterCard® Credit Card from Bank of America was updated on April 30, 2008
*Terms and Conditions
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| Key Card Information |
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Introductory Rate: |
0% APR for 12 Billing Cycles |
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Time Period: |
See Terms and Conditions |
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Applied Towards: |
Balance Transfers |
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APR (Purchases): |
9.9% / 15.99% |
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APR (Cash Advances): |
19.99% |
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Finance Configuration: |
Average Daily Balance (including new purchases) |
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Annual Fee: |
$0 |
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Additional Cardholders: |
$0 |
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Grace Period: |
20 Days (Min.) |
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Minimum Credit Limit: |
$5,000 |
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Maximum Credit Limit: |
n/a |
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Late Payment Fee: |
$15 on balances up to $100; $29 on balances over $100 up to $250; $39 on balances over $250 |
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Over-The-Limit Fee: |
None for World MasterCard® accounts only. $15 on balances up to $500; $29 on balances over $500 up to $1,000; $39 on balances over $1,000 for Platinum Plus® and Preferred accounts. |
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Cash Advance Fee: |
3%, $10 minimum |
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Balance Transfer Fee: |
3%, $10 minimum |
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Introductory Rate Details: |
The introductory rate is 0% for the first 12 billing cycles on balance transfers and cash advance checks. |
| The Rewards Program
Highlights |
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Expiration: |
4 Years |
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Yearly Limit: |
90,000 Points (7,500 points per billing cycle) |
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Bonus Miles: First Purchase: |
500 Points |
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Points per Dollar: |
1 Point |
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Additional Points: |
Earn double points at participating merchants. |
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Point Details: |
Points are redeemable for travel on over 125 U.S. based airlines, car rentals, hotel stays, and gift certificates. |
| Additional Highlights of Interest |
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Special Card Benefits and Features
See website for additional benefits.
Important Notes Regarding This
Offer
This card is issued by FIA Card Services, N.A.
The fixed APR for purchases and balance transfers varies according to the applicant's credit history and will be either 9.9% or 15.99%.
See website for complete terms and conditions of card usage and application disclosure.
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Apply Now For Elite Rewards® World MasterCard® Credit Card
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