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Bank of America WorldPoints™ Platinum Plus™ Mastercard

• 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 : Bank of America WorldPoints Platinum Plus Mastercard 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 WorldPoints Platinum Plus Mastercard 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 applying to balance transfers.  This card is a little easier to get then other platinum cards.

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

Credit Rating Needed For Acceptance :  Good credit.

Who Is It For?

The Bank of America World MasterCard with World Points is designed for those 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 rewards program that offers various benefits.  Through the reward program, cardholders earn one point for every dollar spent on all qualifying purchases. Points are redeemable for cash, brand-name merchandise, travel with no blackout dates, dining certificates, and more

You get special perks. Bank of America WorldPoints Platinum Plus Mastercard offers 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. The concierge service can handle all the details of booking travel or help you plan your entertainment schedule when traveling.

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 WorldPoints Platinum Plus Mastercard 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 card after they are five years old.

All payments you make 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. 

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 if $100 or less; $29 if between $100.01 and $250; $39 if over $250.

Balance Transfers: 3%, $10 minimum.

To Summarize –

The Bank of America WorldPoints Platinum Plus Mastercard 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 as long as you quality. However the cash advance rate is very high 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	Good Credit