Bank of America Credit Cards

The creation of charge cards has brought a revolution in the payment system. The conventional method of acquiring things along with cash is carried out absent together with and just what can be easier than getting products on credit and paying back the amount after having a month in the day you've got purchased the product?
A credit card has created buying basic and convenient. And also the quantity Internet surfers progressively growing, the way forward for internet shopping is vibrant. It's not a great exaggeration to express that internet shopping is experiencing a boom. In these industry problem, using credit and debit card will improve manifold. Purchasing things as well as providers on the internet saves hard work. As opposed to standing in a long line, you are able to guide your seats or buy things with just a few selects your own computer mouse.
One of many market frontrunners regarding creditors is Lender of the usa. In fact, Lender of America may be the biggest provider of charge cards in america. It's exceeded its local compete with T.G. Morgan Run after because the largest charge card provider after its merging and among the leading credit card issuers - MBNA.
Using this combination, Lender of the usa Credit card Providers firm provides more than 45 thousand energetic You.Azines. company accounts. It's useful to consider observe that Lender of the usa can be the biggest provider regarding an atm card.
Financial institution of America bank cards are probably the most versatile bank cards available in the market. It's breaks charge cards are created to match extensive credit rating scenarios and unique wants of scholars and large businessmen.

One of the most interesting features of Bank of America credit cards is its low Annual Percentage Rate (APR). Though some of the Bank of America credit cards have introductory APR, they are quite low, which is usually 1.9% for a period of usually 6 months. It's quite a good deal if your regular APR is fixed at 6.99% even though there is an introductory APR of 1.00% for a period of 6 months. Most other credit cards issued by Visa and MasterCard have higher regular APRs.

For example, Mexicana® Airlines Visa® Platinum has a regular APR which is 6.99% and an introductory APR which is fixed at 1.9%. Though it carries an annual fee of $45, its benefits are immense. After your first purchase, you receive 1 free companion ticket coupon. Thereafter, you will receive a $99 companion ticket coupon each year. You can also earn 1 Frecuenta Mile for each dollar spent and 2 Frecuenta Miles for every dollar spent with Mexicana Airlines. Each year you will receive 2,000 anniversary mile and 4,000 Welcome Miles after you have joined the Frecuenta Program. These miles can be redeemed on Mexicana or on any of its 15 partner airlines.

On the flip side, most of the Bank of America credit cards carry an annual fee. Like any other credit cards, Bank of America credit cards have reward cards, credit cards for students, corporate etc. Its cards are also designed to serve the different needs of its diverse range of customers. It has reward programs designed for air travelers and frequent shoppers. In additions some of its credit cards has additional benefits and perks.

Though Bank of America is the largest issuer of credit and debit cards, it does not have its own electronic payment processing network. It pays fees to card issuers Visa and MasterCard to process charges made with cards issued by Bank of America. After MBNA merged with Bank of America, it is considering acquiring its own electronic payment processing network. If it succeeds in doing so, it will no doubt emerge as a serious competitor to market leaders Visa and MasterCard.

With the merger of MBNA, Bank of America credit cards have also acquired a new dimension. MBNA was the pioneer in issuing specialty credit cards to universities, colleges, and business. It is sure to the break the market monopoly of Visa and MasterCard.