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Credit Card Reviews » Bank of America® Platinum Plus® Visa® Card |
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In-Depth Credit Card Review: |
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You shouldn't have to pay exorbitant fees, just to build your credit. If you have pretty good credit, and you're looking for a card that can help you improve it without costing an arm and a leg, you should take a look at the Bank of America® Platinum Plus® Visa®Card. This card, issued by FIA Card Services, is designed for people who want to work on their credit with a straightforward card that has no fees, low rates and no confusing reward program. When you're a Bank of America® Platinum Plus® Visa Card user, simply using your card is its own reward.
This card gives you the financial flexibility that you need, without charging you a lot of money in advance. This card has absolutely no annual fee,so you don't have to pay up front in order to access the credit it offers. This card also offers an attractive introductory interest rate of 0% on balance transfers for your first 12 billing cycles of use.
After this introductory period ends, the interest rate for balance transfers and purchases remains reasonable. As a Platinum Plus® user, you will receive an interest rate of the current Prime Rate plus 2.99 percent, so your interest rate will lower when the Prime Rate does. In addition, you will never have to pay any fees on balance transfers in order to take advantage of the low rates offered by this card. And best of all, when you build your credit while using this card, you can eventually become eligible for a line of credit as high as $25,000, so you always have access to the funds that you need.
This card offers its users a host of different benefits and services, to make using this card as simple and secure as possible. As a cardholder, you will receive access to online banking services, so you can always get a hold of your financial information when you need to. You will receive automatic auto rental insurance, and travel and emergency assistance, so you can feel comfortable using your card while you're abroad. You will receive purchase replacement on items purchased using this card, and gain access to additional cards at no extra charge. Best of all, you will receive Total Security Protection®, a free security package that gives you zero liability on unauthorized purchases made on your card.
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| (Review Updated: April 11, 2008) |
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0% Intro APR on Balance Transfers for 12 Billing Cycles
8.24% Regular Variable APR for Purchases
21.24% Regular Variable APR for Cash Advances |
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20 days Grace Period |
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| (* 0% Intro APR on balance transfers for your first 12 billing cycles) |
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| Finance Configuration: Average Daily Balance (including new purchases) |
| Additional Cardholders: $0 |
| Late Payment Fee: $15 on balances up to $100; $29 on balances over $100 up to $250; $39 on balances over $250 |
| Over-The-Limit Fee: $15 on balances up to $500; $29 on balances over $500 up to $1,000; $39 on balances over $1,000 |
| Cash Advance Fee: 3%, $10 minimum |
| Balance Transfer Fee: 3%, $10 minimum |
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| Minimum Credit Limit: n/a |
| Maximum Credit Limit: $25,000 |
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| Type of Reward: None |
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| Additional Features for Bank of America® Platinum Plus® Visa® Card: |
| See website for card benefits. |
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| Important Notes for Bank of America® Platinum Plus® Visa® Card: |
| See website for complete terms and conditions of card usage and application disclosure. |
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| Notes: The review on Bank of America® Platinum Plus® Visa® Card was updated on April 11, 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. |
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