Now that the holidays are nearing, we all know what that means financially: extra out of pocket expenses. We are all trying to find ways to save on Christmas shopping, but have we ever thought of earning more for the holidays? There are certainly a lot of ways to get more cash and some of them are more effortless than others. Take for example earning an extra $50 just by signing up to a credit card.

The Promotion

That’s right, Bank of America’s Accelerated Rewards American Express Card is offering an extra $50 statement credit after at least $100 in retail purchases within the first 60 days of account opening. Below are some other perks included with the card:

* Earn 1.25 points for every $1 of net retail purchases
* Introductory 0% APR for the first 12 months of account opening only for purchases and balance transfers. After the introductory period, any remaining balance will be subjected to the variable APR between 12.99% and 20.99% based on creditworthiness.
* No Annual Fee

Some Fine Print

The fine print and details found below the promotional page is much like the usual. There are some fees that apply such as late penalty fees and returned payment fees. Also, although there is no annual fee, there is a monthly fee which is 85 cents for every $100 of Plan Balance, up to $25,000.

About Bank of America

Bank of America is one of the strongest banks that is operating today. It has had over 200 years of experience, and it continues to grow in terms of locations, branches, and deposits. It is one of the oldest banks in America, having started in 1784, before the United States Constitution was adopted. Today, it still stands as one of the giants in the banking industry. Bank of America is FDIC insured, keeping your money secure to a maximum of $250,000.

An extra $50 may not be the highest reward for signing up for a credit card, but getting a bonus is always a plus. Considering the largeness of the issuing institution, it shouldn’t be surprising that the card will be accepted anywhere.

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