Credit Card Bank

  Credit Card Bank  - 15 simply great features of Bank Of America - Rewards American Express Card  - Apr 16, 2007  

It's good news folks for all Bank of America fans. Open your arms to  receive the Rewards American Express Card from Bank of America. What makes this credit card special is that it will be readily accepted across the global network of American Express . Proudly called the Bank of America - Rewards™ American Express Card, it brings together the goodness of both the  Bank of America and American Express. Let us look at some of its features.

Basic features highlights

  1. 0% Introductory APR (Annual Percentage Rate) on balance transfers and cash advance checks for first 12 billing cycles.
  2. Low fixed interest rates after the introductory rate has expired.
  3. No annual fee.
  4. Option to pay over time.
  5. Emergency services such as replacement of prescription, physicians, hospitals, and referrals as well as legal referral services.
  6. Extended warranty protection on purchases from scheduled outlets
  7. Insurances for accident, damage and rental loss, while traveling
  8. Protection against damage or theft of the card

The Fabulous Rewards Program with Bank of America - Rewards ™ American Express Card has the following highlights:

  1. 1 point for every net retail dollar spent on qualifying purchases
  2. Double points for dining and travel purchases
  3. Special rewards for traveling and shopping with partner merchants. 
  4. 24/7 personal concierge services.
  5. Facility to redeem reward points for hotel stay, travel, gift certificates, merchandise or cash
  6. No restrictions on number of points to be earned during a year.
  7. No blackout dates

However, the reward points will last up-to five years, after which they will expire. For latest details on this offer please read the credit card terms and conditions provided by Bank of America.

So, what are you waiting for? If you have an average credit score and want a credit card that gives you exceptional benefits, easy repayment options and the wide acceptability of American Express, Bank of America - Rewards ™ American Express Card is for you.

  Credit Card Bank  - Get The Best Deal On A Credit Card For Bad Credit  - Feb 27, 2007  

If you are looking for a credit card for bad credit, there are many options to choose from. The two main types of cards available are either a secured credit card or an unsecured credit card for bad credit. Both types of cards can help you repair your credit by giving you an opportunity to establish a good payment history. The costs and fees associated with each type of card are very different, however. In addition, depending on how bad your credit is, whether you have sufficient income and other personal details, you may only qualify for one or the other.

First let's look at the secured credit card for bad credit. A secured credit card requires that you deposit money with the issuing bank, and the bank will issue a credit card in the same amount for your use. Secured cards are guaranteed to be approved, because the bank has your deposit money in case you do not pay your balance. A secured credit card for bad credit operates much like a regular credit card. You receive a monthly statement, and you pay your minimum monthly payment or the balance in full each month. You are charged an interest rate, annual fee and possibly other fees for a secured credit card account.

Be aware that with a secured credit card for bad credit, your charges are not deducted from the deposit you have with the issuing bank. The bank is simply holding your deposit in the case that you default on your credit card balance. You must pay your monthly payments, and owe the bank the balance that you have charged on the credit card. You cannot refuse to pay simply because the bank is holding a deposit without further damaging your credit.

A second option for getting a credit card for bad credit is to get an unsecured credit card. Unsecured credit cards are available for bad credit clients, however, the issuing banks charge high fees to cover the risk of extending credit to a bad credit client. You can expect to pay anywhere from $200-$350 or more in fees which the bank will keep, you do not get that money back. Those fees are upfront costs for obtaining a unsecured credit card for bad credit. In some cases, the bank will allow you to pay the fees over two or more months.

In addition, unlike secured credit cards, if you have bad credit and apply for an unsecured credit card, it is not guaranteed that you will be approved. You may be turned down for an unsecured card, even if you are willing to pay the high fees.

Some of the fees that you will pay for an unsecured credit card for bad credit are:

Interest rate: you will pay a high interest rate as a bad credit client.

Annual fee: you will pay an annual fee, which is probably higher than other good credit clients will pay.

Monthly maintenance fees: you will also pay an amount every month called a "maintenance" fee, one top of the interest rate that you're already paying.

Application fee: you will also pay a one time application fee, which can be as much as $175.

Among both secured and unsecured credit card products, the fees and charges can vary widely. Be sure to do your research on each card before you apply, and start by applying for the card that gives you the best deal.

As you can see, with bad credit you may believe you want to get a new unsecured credit, but the secured products may be better on your pocketbook until you build up better credit history. Be sure to research different products and shop around for the best credit card for bad credit.

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