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Bank Of America And Their Dedication To Credit Card Resolution

08.15.2011 · Posted in Finance Articles

Bank of America is one of the biggest Bank of America and it faced the problem of Bankruptcy during the year 2008, when recession occurred. You will find that this bank provides almost all kinds of credit cards. The first one is the Bank of America’s American express card. There are three more cards, which are the financial rewards, cash rewards as well as there is yet another one, which is the world points. There are many models of credit cards that are being provided by various banks all over the world but you need to know that these four cards are certainly the best among them all. You can say that the credit cards from Bank of America are one of the perfect examples of the master card and you can cash it out at any ATM in any part of the world. You need to know that this is certainly one of the biggest advantages, which this bank provides. There is no provision for the extra miles but the bonus points are certainly being provided after every purchase. The bonus point will decide that how fruitful your purchases are certainly. rnrnAt Bank of America you are going to get around 5% cash back and this is the highest in America. Some people say that the bank has been the friendliest to their clients and this is the main reason why it suffered the most during the recession. You need to know that for the first six months you will be getting this facility and through American cash reward visa signature credit card, you are going to get $100 bonus. Through all the credit card calculator you will find that this card is the best.rnrnrnYou are also soon going to find that the intro APR is zero and afterwards you are going to get the new APR, which is just 10% to 11%, much lesser than the APR of the other banks. For the first 9 to 12 billing cycles, you are going to just pay the purchase amount only and there will be no APR. You should know that this is a balance transfer offer. You will enjoy the free money for the first year from this 0% balance credit cards and afterwards you enjoy the low interest, which is certainly the plus point.rnrnThere are many more thing like MLB extra bases, NFL extra point and also student visa credit cards as well as other verities through this bank. Undoubtedly, the Bank of America can be one of the best banks of America but some of the very tough decisions have been taken during the past few days. You might have to pay a very huge penalty now and the percentage penalty is certainly around 27%, which is certainly huge.rnrnYou will also have to pay the late fee, which is equal to around 25 to 35 dollars and thus the bank is checking the defaulters now very strictly. However, the Bank of America is still the best in America.

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