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Bank of America Visa Signature® with WorldPoints™

• 0% Intro Annual Percentage Rate (APR)† on balance transfers and cash advance checks for your first 12 billing cycles.
• Earn 1 Point for every dollar you spend in net retail purchases.§ Points are redeemable for cash, brand name merchandise, travel with no blackout dates, dining certificates and more.
• No Annual Fee
• Take advantage of preferred seating - Visa Signature Access gives you exclusive entry to exciting events as well as the best seats at sports, entertainment, and cultural venues.
• Reserve last-minute tables at popular restaurants - Visa Signature Dining makes it easy to get preferrred reservations, discounts, and special offers at the nation’s hottest restaurants.
• Enjoy more savings and more extras - Get discounts at select merchants, valuable upgrades, and savings of up to 50% on accommodations at spectacular places. Visa Signature Privileges make it possible.
• Receive personalized assistance - From hard-to-find gifts to travel and entertainment planning, let Visa Signature Concierge handle all the details.
• Absolute Fraud protection
• Card issued by FIA Card Services, NA.

Issuer : FIA Card Services, N.A. (Bank of America)

Introductory APR : 0% Intro Annual Percentage Rate (APR) on purchases and balance transfers for the first 12 billing cycles.

Introductory Period : twelve billing cycles (one year)

APR After Introductory Period : 7.99% plus prime rate

Cash Advance Rate : 19.99%% variable rate on cash advances

Annual Fee : $0

Credit Line Possible : The minimum credit line offered is $500 and the maximum is $25,000. 

Insurance included : The Bank of America Visa Signature With World Points Card comes with extended car rental and warranty coverage on services and purchases for up to a year.

Financing Configuration – Interest is calculated on your average daily balance  (including new purchases).

Grace Period – You have twenty days after making a purchase Bank of America Visa Signature With World Points during which you do not have to pay interest.

The Best Thing About It – There is no yearly limit on the points earned and a very low APR rate after the introductory rate expires.

The Worst Thing About It – The points expire five years after they are earned.

Credit Rating Needed For Acceptance :  Excellent credit.

Who Is It For?

The Bank of America Visa Signature With WorldPoint Rewards, is designed for those with excellent credit who plan to take advantage of the reward program that offers and who like personalized customer service.

Benefits

There are no black out dates. Redeem your points for air miles with no black out dates.

There is a cashback program.  Earn a 1% cash back rebate on all purchases made with your Bank of America Visa Signature With World Points.

You get special perks. Access to special Cardmember offers from American Express allows you to save on shopping, dining, travel, hotels, and much more.  Bank of America Visa Signature With World Points also provides various benefits and services including a personal concierge service and various discounts at participating merchants.

Take advantage of preferred seating. Bank of America Visa Signature With World Points gives you exclusive entry to exciting events as well as the best seats at sports, entertainment, and cultural venues.

There are special discount offers. Get discounts at select merchants, valuable upgrades, and savings of up to 50% on accommodations at spectacular places.

There is no annual fee for additional cards. Duplicate cards are free.

Get personalized customer service and advice. From fining hard-to-find gifts to travel and to helping you with your entertainment planning, let Visa Signature Concierge handle all the details.

The card comes with the Bank of America’s Purchase Replacement program. This feature provides for repair or replacement for covered purchases that are stolen, damaged or lost at a known location, within 90 days of the date of purchase.

The card comes with the Bank of America’s Purchase Guard. This feature may double the manufacturer’s original U.S. warranty period for covered purchases with warranty duration of 1 year or less.

Zero Liability.  If you claim someone has stolen your Bank of America Visa Signature With World Points then you do not have to be liable for the usual $50 that is typically deducted as fraud liability.

The Drawbacks

 

You only earn 5 first purchase bonus points with the rewards program. This is very low for a first purchase bonus.

Your points will expire. You are no longer able to redeem points after they are five years old.

All payments you make with your Bank of America Visa Signature With World Points will be applied to lower rate balances first. This makes it easy to get into debt.

There are lots of hidden fees.  See the Fees to Watch Out For section below.  The fees charged for your every little financial transaction can really add up and make it seem like you are paying an annual fee anyway.

Fees To Watch Out For

Late payment fee:  $15 on balances up to $100; $29 on balances over $100 up to $250; $39 on balances over $250

Cash advance Fee: 3%, $10 minimum

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

Balance Transfers: 3%, $10 minimum

To Summarize –

Bank of America Visa Signature With World Points has no annual fee, a 0% introductory rate for both balance transfers and cash advance checks for the first twelve billing cycles, and a very low fixed interest rate on purchases and balance transfers once the introductory rate expires. However the cash advance rate is one of the highest in the industry and the points expire after five years.

Intro APR	Intro APR Period	Regular APR	Annual Fee	Balance Transfers	Credit Needed
0%*	12 Months	7.9%	$0	Yes	Excellent Credit