The Bank of America Visa Platinum credit card is a standard, no-frills platinum credit card which offers members typical platinum card benefits and the opportunity to carry an extremely low APR. This card is recommended for those with very solid credit ratings, who will receive the best deals on APR and credit limit.
This card has an 0% introductory APR for the first six months, and has no annual fee. After the first six months the APR is variable but remains relatively low for those in good credit standing. Credit lines are based on the individual cardholder's history, but can be as high as $25,000.
Cardholders of the Bank of America Visa Platinum will receive many standard benefits, including free online banking and additional cards at no extra cost. Because this is a platinum credit card, members will also receive platinum benefits like travel and emergency assistance, automatic auto rental insurance, purchase replacement for defective goods, extended warranties on selected purchases, and a package of free security features, including zero liability for unauthorized charges. .
The various fees associated with usage of this credit card are average and are the same as those offered on most cards of comparable standing. These include a $35 fee for going over the credit limit, a $1.50 minimum finance charge on purchases, and a late payment fee of $19 to $35 depending on the amount overdue. There is a 20 day grace period on new purchases before finance charges begin to accumulate. .
For those with strong credit, this card offers an excellent way to receive very low APRs and a high credit limit. The lack of an annual fee on a card of this standing is an important plus. The platinum member benefits, while standard to most platinum cards, are a definite advantage. An applicant who is interested in a platinum credit card but does not necessarily wish to participate in a cash back reward program or an airline mileage card will appreciate the Bank of America Visa Platinum card as a solid, standard credit card.
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