There’s always something fulfilling about having a rewards card. What’s more if the reward for buying your regular purchases is getting some of your cash back. With every swipe, you get excited because of the slowly growing amount you can eventually redeem. Aside from getting some cash back from your purchases, Bank of America is also offering an extra $50 with their BankAmericard Rewards Card.
Getting the extra $50 is easy, just spend as little as $100 or more with your BankAmericard within 60 days of opening your account and you already have it. Aside from the easy $50, the card also offers handsome cash back rewards. Below is a summary of what you can possibly earn:
* 1% cash back on all purchases, anywhere, anytime
* 2% cash back on groceries
* 3% cash back on gas
As you can see, you can get cash rewards by simply buying the purchases you need to buy anyway. Aside from all that, there is also a huge 10% customer bonus if you redeem the amount at a Bank of America savings or checking account.
If all the cash back rewards aren’t enough to convince you, the BankAmericard rewards credit card is also packing a punch with their introductory APY. For the first 12 months from account opening, users can enjoy a flat 0% APY on all purchases. This means not having to worry about the building interest on your purchases. After the introductory period a variable APY of 12.99% to 20.99% based on your credit worthiness will apply.
Other Details about BankAmericard
Although there is no annual fee for the use of the card, the terms and conditions state that there is however, a monthly fee of 85 cents for every $100 of Plan balance (up to $25,000). There are also transaction fees for purchases, balance transfers, cash advances, and foreign transactions. There is also a $30 penalty fee for late payment and $25 for returned payment.
Despite some charges in their terms and conditions page, the BankAmericard still offers considerable returns with their cashback promotion. And let’s not forget that extra $50 you can earn within 60 days. If you need another credit card, then BankAmericard may be the card for you.