|
Bank of America WorldPoints Platinum Plus Mastercard
Card issued by FIA Card Services, N.A.
Summary - The Bank of America WorldPoints Platinum Plus MasterCard is a reward credit card that will appeal to those looking a reward credit card that has a low interest rate. You also get to enjoy perks of a concierge service. 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. 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 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.
Concierge Benefits - Cardholders get access a concierge service, which gives you personalized, exclusive assistance with reservations, referrals, and recommendations for dining, travel, entertainment, and a host of other services.
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 WorldPoints™ Platinum Plus™ MasterCard® Credit Card to those who want to enjoy the rewards from a comprehensive reward program, but also want a low interest rate.
Positives
Earn unlimited pointsNo annual fee0% apr offer on balance transfers and cash advance checks for 12 billing cycleslow aprConcierge Service
| Bank of America WorldPoints Platinum Plus MasterCard |
| 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 Platinum Plus accounts, or 15.99% for Preferred accounts |
| Balance Transfer APR |
9.99% for 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 |
| Over-the-credit-limit fee |
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 WorldPoints™ Platinum Plus™ MasterCard® Credit Card
|
|
|
