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Bank of America World MasterCard® 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 redeemeable for cash, brand name merchandise, travel with no blackout dates dining certificates and more.
• No Annual Fee
• Free 24/7 Concierge Service
• 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 : It important to understand that the APR for purchases and balance transfers will vary according to the applicant’s credit history and will be either 7.9% or 13.99%.

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 World Mastercard 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 with your Bank of America World Mastercard with WorldPoints during which you do not have to pay interest.

The Best Thing About It – There is no annual limit on the points earned and a very low APR rate applying to balance transfers.

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 World MasterCard with World Points is created for users with excellent credit who plan to take advantage of a generous rewards program with no black out dates and cash rebates.

Benefits

The Bank of America World Mastercard with WorldPoints has 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 this card.

You get special perks. The Bank of America World Mastercard with WorldPoints Access offers various benefits and services including a personal concierge service and various discounts at participating merchants.

Take advantage of preferred seating.  This card also 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, the concierge service can 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 World Mastercard with WorldPoints then you do not have to be liable for the usual $50 that is typically deducted as fraud liability.

The Drawbacks

 

Your points will expire. You are no longer able to redeem points earned with your Bank of America World MasterCard with WorldPoints after they are five years old.

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

There are lots of hidden fees. The fees charged for your every little financial transaction can really add up.

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 for under $500, $29 if over $500 up to $1000, $39 if over $1000 limit.

Balance Transfers: 3%, $10 minimum.

To Summarize –

The Bank of America World MasterCard with WorldPoints has no annual fee, a 0% introductory rate for both balance transfers and cash advance checks for the first twelve billing cycles, and a reasonable fixed interest rate on purchases and balance transfers. You also get superior customer service.  However the cash advance rate is one of the highest in the industry.

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