The Bank of America Choice Privileges credit card is a platinum Visa card. This is a rewards based credit card, and is offered to people that have a very good credit rating. Issued by the Bank of America, this credit card can benefit those that enjoy regular stays at specified hotels that participate in this scheme. The credit card offers points for purchases made on the credit card, crediting cardholders' account with two points per dollar spent on the card, and fifteen points per dollar spent at specified locations. There is a two-year life on unused points, but no limit to the number of points that can be accumulated.
For the first six months, new cardholders can enjoy a special introductory interest rate of 1.90 percent on balance transfers and new purchases, which then rises to (check website). The variable interest rate charged on cash advances with this credit card stands at (check website). There is no annual fee to pay on this card, and for additional cardholders cards are available at no extra cost.
There are a number of benefits available with this credit card, and cardholders can enjoy: travel accident insurance, car rental cover, travel and emergency services, protection against unauthorized transactions, Internet account services, purchase protection cover, and extended warranties.
Cardholder should also familiarize themselves with the various fees that are associated with this credit card. You will pay between $19 and $39 if you are late on making repayments, and if your account exceeds its credit limit you will pay $35.00 Cash advances made on this card are charged at a minimum of ten dollars or three percent, but cardholders will not have to pay anything on balance transfer transactions.
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