Bank of America World MasterCard® with WorldPoints™ Review
Card issued by FIA Card Services, N.A.

The Bank of America World MasterCard® with WorldPoints™ was last reviewed on 10th May 2008 Summary - The Bank of America World MasterCard® with WorldPoints™ is a very good reward credit card. It has a comprehensive reward program and a very low APR. You also get to enjoy perks and benefits that are typically found in high end prestige cards. Find out more about this card. Reward Formula - The Bank of America World MasterCard® with WorldPoints™ allows you to earn one point for every dollar you spend on the card. You can earn unlimited points. 1. It has a comprehensive travel reward program (travel and shopping) which also includes a cash rebate feature. You can earn unlimited points, which are valid for 5 years. Fees - There is no annual fee for this card. The APR is fixed at 9.99% for signature and platinum plus members and 15.99% for preferred members (which will depend on your credit history). The average daily balance method is used to calculate monthly balances. New cardholders get an introductory 0% APR on balance transfers and cash advance checks for 12 billing cycles. World MasterCard Benefits - Cardholders get access to various world platinum MasterCard benefits like having a concierge service, which gives you personalized, exclusive assistance with reservations, referrals, and recommendations for dining, travel, entertainment, and a host of other services in cities around the world. Another benefit would be the World MasterCard Preferred Access which has an exciting selection of dining, entertainment, shopping, and spa experiences in select markets throughout the United States. You can use the cardholder-exclusive online reservation system to make reservations, book seats, or set up appointments. WorldPoints Rewards - The WorldPoints rewards is an all-round reward program with travel, shopping and cash back rewards. Its travel reward is very much in line with other credit card reward programs, which require 25,000 points for a free airline ticket. There are no blackout dates and you can fly on most major airlines. The cash back reward pay up to 1% cash rebates. The gift certificate rewards falls short a little in my opinion. This is because you get less than 1% value when you exchange points for gift certificates. For example, most programs require 10,000 points for $100 in gift certificates. The Worldpoints require 13,000 points. Verdict - We recommend the Bank of America World MasterCard® with WorldPoints™ to those who are looking for a reward credit card, carries a balance and want to enjoy perks and benefits that are typically only available in high end prestige cards that have very high annual fees. The WorldPoints reward program is comprehensive and the interest rate very low. Furthermore, you do not have to pay any annual fee to enjoy the World MasterCard Benefits. Positives Earn unlimited points No annual fee 0% APR offer on balance transfers and cash advance checks for 12 billing cycles low APR World MasterCard perks Bank of America World MasterCard® with WorldPoints™ Reward Benefits Point Accumulation 1 Point for every dollar you spend on purchases Point Expiration 5 years Caps on Points Earn unlimited Points Cost/Fees/Interest rates Introductory rate 0% Intro Annual Percentage Rate (APR)† on balance transfers and cash advance checks for your first 12 billing cycles. Annual Fee No annual fee Purchase APR 9.99% for Visa Signature and Platinum Plus accounts, or 15.99% for Preferred accounts Balance Transfer APR 9.99% for Visa Signature and Platinum Plus accounts, or 15.99% for Preferred accounts Cash Advance APR 19.99% Grace Period 25 days Balance Calculation Method Average Daily Balance (including new purchases) Balance Transfer Fee 3%, min $10.00 Advance checks fee 3%, min $10.00 ATM Cash Advance fee 3% min $10.00 Other Cash Advance fee 3% min $10.00 Foreign Currency Conversion fee None Over-the-credit-limit fee For World MasterCard® accounts only: None. For Platinum Plus® and Preferred accounts: Based on your balance as of the day the fee is assessed - $15 if $500 or less; $29 if between $500.01 and $1000; $39 if over $1000. Late Payment fee Based on your balance on the late fee posting date - $15 if $100 or less; $29 if between $100.01 and $250; $39 if over $250 Apply for the Bank of America World MasterCard® with WorldPoints™