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Two Banks, One Great Credit Card

The Bank of America Accelerated Rewards American Express Credit Card offers good cash-back rewards.It’s not often that two banks will combine to win the business of consumers, but Bank of America has teamed up with American Express to offer a credit card with excellent rewards.

The Bank of America Accelerated Rewards American Express Card combines the power of BofA behind the perks of Amex into one great card.

This card stands out because it is simple, rewarding and inexpensive to the experienced credit card user.

While most cash-back cards offer a 1% reward, this one offers 1.25% on all purchases, making it one of the most valuable rewards programs available.

Also, all new cardholders earn a quick $50 just for signing up and making a purchase and another $25 once they buy something at Target, Costco or Staples. But in in order to qualify for the $25 cash-back bonus, you must register your card online first.

There is never a limit to the amount of points that can be earned, and points can be redeemed for almost anything.

Whether its cash, travel or merchandise, you can start using reward points after you accumulate 2,500. Points will never expire so long as the account remains open and in good standing.

A 0% intro APR on purchases and balance transfers for the first 12 billing cycles is also included with this card.

If you make a balance transfer, you must do so within 60 days of opening the account or it will not qualify for the 0% intro offer.

The standard purchase APR is a variable 12.99% to 20.99% (that’s the prime rate of 3.25% plus 9.74% to 17.74% based on credit) and the balance transfer fee is 4%.

There is no annual fee.

While it’s true Bank of America isn’t exactly the most popular bank in the news today, it’s still one of the best credit card issuers around.

This card is another example.

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Comments (3)
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3 Existing Comments
  1. Mike said:
    on August 26th at 11:20 am

    Charles Schwab credit card issued by FIA offers a 2% reward on everything. Unfortunately hard to get.

  2. mike said:
    on August 26th at 08:54 pm

    fidelity also has a 2% card on everything.

  3. Mojave said:
    on August 30th at 11:19 am

    “While most cash-back cards offer a 1% reward, this one offers 1.25% on all purchases, making it one of the most valuable rewards programs available.”

    While 1.25% is above average, it’s hardly “one of the most valuable.” As commented above, Fidelity has a 2% AMEX as well as a 1.5% VISA, both through FIA Card Services.

    According to schwab.com, “Schwab Bank is no longer offering the Invest FirstTM Visa® card or the Visa® credit card with WorldPoints® rewards.” I had the Schwab 2% VISA and it was converted to an FIA VISA when Schwab dropped out. Still earns 2% cash back.

    There’s also Chase Freedom and Discover with 1% on everything and quarterly 5% on select categories for limited amounts.