Bank Of America Locations Near Me – New Light On A Important Idea..

The development of charge cards has brought a revolution within the payment system. The conventional way of purchasing things with money is done away with and what can be more convenient than buying items on credit and repaying the amount after a month from the day you might have bought the product?

Bank cards have made shopping basic and convenient. Along with the number Web users gradually increasing, the way forward for shopping online is bright. It is far from an exaggeration to express that internet shopping is experiencing a boom. In such market condition, using credit and debit card will almost certainly increase manifold. Buying items and services online saves time and effort. Instead of standing in a long queue, you can book your tickets or buy things with just a few clicks your mouse.

Among the market leaders of charge card issuers is Bofa. In reality, Bank of America is definitely the largest issuer of charge cards in the US. It offers surpassed its nearest rival J.P. Morgan Chase because the largest charge card issuer after its merger with one of the leading charge card issuers – MBNA.

With this merger, Bank of America Card Services organization has more than 40 million active U.S. accounts. It is actually worthwhile to take note that Bank of America is also the largest issuer of debit cards.

Bank of America charge cards are among the most flexible charge cards on the market. Its credits cards are made to suit extensive credit situations and special needs of students and large businessmen.

One of the most interesting attributes of Bank of America charge cards is its low Annual Percentage Rate (APR). Though a number of the Bank of America charge cards have introductory APR, these are quite low, which can be usually 1.9% for a period of usually 6 months. It’s quite a great deal should your regular APR is fixed at 6.99% even though there is an introductory APR of 1.00% for a time period of 6 months. The majority of credit cards from Visa and MasterCard have higher regular APRs.

As an example, Mexicana® Airlines Visa® Platinum has a regular APR which can be 6.99% as well as an introductory APR that is fixed at 1.9%. Even though it carries a yearly fee of $45, its benefits are immense. After the first purchase, you obtain 1 free companion ticket coupon. Thereafter, you are going to get a $99 companion ticket coupon each year. You can also earn 1 Frecuenta Mile for each and every dollar spent and 2 Frecuenta Miles for each dollar spent with Mexicana Airlines. Each year you will receive 2,000 anniversary mile and 4,000 Welcome Miles after you have joined the Frecuenta Program. These miles can be redeemed on Mexicana or on any of its 15 partner airlines.

On the flip side, most of the Bank of America credit cards carry a yearly fee. Like any other charge cards, Bank of America bank cards have reward cards, bank cards for college students, corporate etc. Its cards can also be created to serve the numerous needs of their diverse range of clients. It provides reward programs designed for air travelers and frequent shoppers. In additions a few of its bank cards has additional benefits and perks.

Though Bank of America is the largest issuer of credit and debit cards, it lacks their own electronic payment processing network. Its smart fees to card issuers Visa and MasterCard to process charges made with cards issued by Bank Of America Corporate Office. After MBNA merged with Bank of America, it is actually considering acquiring its very own electronic payment processing network. If this succeeds in doing so, it is going to no doubt akzgrb as a serious competitor to advertise leaders Visa and MasterCard.

Using the merger of MBNA, Bank of America charge cards have also acquired a new dimension. MBNA was the pioneer in issuing specialty credit cards to universities, colleges, and business. It will certainly the break the marketplace monopoly of Visa and MasterCard.