Bank of America caters to its wide customer-base across the globe. Understanding the needs and demands of the customers, it has introduced the Bank of America Platinum Credit Card, which is very suitable for customers who have a good credit history. The best advantage of the card is undoubtedly its low APR (which is provided to you only if you can keep your credit rating in top shape).
Main characteristics
The American Platinum Credit Card enables users to avail 0% introductory annual percentage rate on cash advances and balance transfers for the initial six months.
Once the introductory period is over, you’re given access to a very reasonable APR on cash advances and balance transfers. Nevertheless, you should be cautious about one thing – you have to be very careful about the payments. Defaults on payments, such as late payments, account closures and/or exceeding the credit line, will result in you paying your introductory rate.
You may also be required to reimburse for the omission. The late payment fee is $15 for balances up to $100. If your balance exceeds $100, you will be charged $29. The fee is $39 for balances over $250. If your balance is up to $500, you will be charged an over-the-limit fee of $15. Over $500, the fee is $29 and over $1000, the balance is $39.
Numerous benefits offered by the card
The Bank of America Platinum Credit Card allows its customers to enjoy a remarkable $25000 credit. As such, it is an ideal card for balance transfers. It has no balance transfer fee and no or minimal APR on transfers made within the first six months.
The card allows users to access online banking services. This enables them to request a line of credit transfer, check account balance, transfer balance and more, all from the comfort of their home.
The platinum benefits offered by this card are purchase insurance, automatic rental insurance, purchase guard, purchase replacement, travel and emergency assistance services like travel emergency assistance and many more. The cardholder can also enjoy free cash advances using this card.
Equipped with this card, you can be sure of your safety and security. You will not be responsible for any unauthorized purchases made with the card. Since the card has no liability, therefore, it protects you from fraud and unauthorized use of the card.
You can also have cash advance checks at no extra charge, additional cards at no extra charge, total security protection for your purchases, purchase guards and a host of travel/emergency services.
