The creation of charge cards has brought a revolution in the payment system. The conventional method of purchasing things with cash 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 item?
Bank cards make shopping easy and convenient. With the number Online users gradually increasing, the future of shopping online is bright. It is really not an exaggeration to say that shopping online is experiencing a boom. In such market condition, the use of credit and debit card will increase manifold. Buying items and services online saves time and energy. Rather than standing in a long queue, you can book your tickets or buy things with just several clicks on your mouse.
Among the market leaders of credit card issuers is Bank Of America Near Me. In reality, Bank of America is the largest issuer of bank cards in america. It has surpassed its nearest rival J.P. Morgan Chase since the largest credit card issuer after its merger using one of the leading bank card issuers – MBNA.
Using this merger, Bank of America Card Services organization has greater than 40 million active U.S. accounts. It really is worthwhile to consider note that Bank of America can also be the biggest issuer of debit cards.
Bank of America charge cards are some of the most flexible charge cards available in the market. Its credits cards are designed to suit extensive credit situations and special needs of students and large businessmen.
One of the most interesting highlights of Bank of America bank cards is its low Annual Percentage Rate (APR). Though a few of the Bank of America charge cards have introductory APR, they may be quite low, that is usually 1.9% for a period of usually half a year. It’s quite a great deal in case your regular APR is fixed at 6.99% even though there is an introductory APR of 1.00% for a period of six months. Most other bank cards issued by Visa and MasterCard have higher regular APRs.
For example, Mexicana® Airlines Visa® Platinum includes a regular APR which is 6.99% plus an introductory APR that is fixed at 1.9%. Although it carries an annual fee of $45, its benefits are immense. After the first purchase, you receive 1 free companion ticket coupon. Thereafter, you may get a $99 companion ticket coupon each year. You can also earn 1 Frecuenta Mile for each dollar spent and 2 Frecuenta Miles for every dollar spent with Mexicana Airlines. Annually you may receive 2,000 anniversary mile and 4,000 Welcome Miles once you have joined the Frecuenta Program. These miles can be redeemed on Mexicana or on some of its 15 partner airlines.
On the flip side, the majority of the Bank of America credit cards carry a yearly fee. Like any other bank cards, Bank of America bank cards have reward cards, bank cards for students, corporate etc. Its cards will also be created to serve the various needs of its diverse range of customers. It offers reward programs designed for air travelers and frequent shoppers. In additions a number of its charge cards has additional benefits and perks.
Though Bank of America will be the largest issuer of credit and atm cards, it lacks their own electronic payment processing network. Its smart fees to card issuers Visa and MasterCard to process charges created using cards issued by Bank Of America Corporate Office Address. After MBNA merged with Bank of America, it is considering acquiring its own electronic payment processing network. When it succeeds in doing so, it is going to without doubt akzgrb as being a serious competitor to market leaders Visa and MasterCard.
With the merger of MBNA, Bank of America charge cards have also acquired a whole new dimension. MBNA was the pioneer in issuing specialty credit cards to universities, colleges, and business. It will definitely the break the current market monopoly of Visa and MasterCard.