The Bank of America World MasterCard® with WorldPoints™, issued by FIA Card Services, N.A., is designed for those with excellent credit who plan to take advantage of the reward program that is offered.
Through the reward program, cardholders earn one point for every dollar spent on all qualifying purchases. Points are redeemable for cash, brand-name merchandise, travel with no blackout dates, dining certificates, and more. There is no limit to the number of points that may be earned per year, but any unused points will expire after five years.
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 reasonably 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 9.99% or 15.99%.
Aside from the reward program, cardholders can expect benefits such as fraud protection, a personal concierge service, and online account access.
Therefore, those who will qualify for the lowest rate offered and will take advantage of the introductory rate and the reward program will benefit most from what the Bank of America World MasterCard® with WorldPoints™ has to offer.
Review Date: August 19, 2008
Note: The review on this card was updated on August 19, 2008. The review is believed to be accurate during the update, however, information posted may have changed since the update. We strongly suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application.
Intro Rate (Intro APR):
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0% APR for 12 Billing Cycles |
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Intro Applied Towards:
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Balance Transfers |
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Additional Intro Details:
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The introductory rate is 0% for the first 12 billing cycles on balance transfers and cash advance checks. |
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Purchase APR:
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9.99% / 15.99% (Fixed)
The APR for purchases is based on the Prime Rate. |
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Cash APR:
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19.99% (Fixed)
The APR for cash advances is based on the Prime Rate.
There is a minimum APR on cash advances. |
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Finance Configuration:
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Average Daily Balance (including new purchases) |
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Annual Fee:
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$0 |
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Additional Cardholders:
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$0 |
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Grace Period:
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20 Days (Min.) |
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Late Payment Fee:
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$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:
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None |
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Cash Advance Fee:
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3%, $10 minimum |
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Balance Transfer Fee:
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3%, $10 minimum |
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Points Per Dollar:
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1 Point |
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Point Details:
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Points are redeemable for cash, merchandise, travel with no blackout dates, dining certificates, and more. |
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Expiration:
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5 Years |
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Yearly Limit:
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None |
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Most Attractive Feature(s):
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| Very low fixed APR for purchases and balance transfers for those who qualify; 0% introductory offer; access to reward program; no annual fee. |
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Least Attractive Feature(s):
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| No extraordinary benefits or discounts offered to cardholders aside from the reward program. |
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Additional Features:
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| See website for additional benefits. |
| 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 is either 9.99% or 15.99%. See website for complete terms and conditions of card usage and application disclosure. |
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