The MilesEdge ® Card from Bank of America is a platinum credit card. This Visa card, issued by the Bank of America, caters for consumers that are looking for a travel rewards credit card, and also those that have a very good or excellent credit history. The rewards program offers cardholders one point for every dollar that is spent on the credit card, with a bonus 1000 point injection with the first purchase made on the card. A maximum of 75,000 can be earned in a one year period, and points have a lifespan of five years. These rewards points can be redeemed against theme park admissions, free travel, or certificates.
The MilesEdge ® Card from Bank of America offers an introductory interest rate of 1.90 percent, and this applies to both balance transfers and credit cards for a period of six months.
This card has no annual fee, offers a grace period of twenty days, and provides cards for additional card holders at no extra cost. However, there are a number of fees attached to the card. Late payments are charged at between $19 and $39 depending on the balance of the credit card, and over the limit fees stand at $35. There is a fee charged on cash advances of either three percent of ten dollars, but there is no fee for balance transfer transactions.
In addition to the rewards program, this credit card provides a range of standard cardholder benefits, such as: various card designs, online account services, car rental insurance, medical referral services, travel assistance services, legal referral services, travel and emergency assistance services, emergency cash and card replacement, purchase protection, and protection against unauthorized transactions.
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