Bank Of America Locations Near Me – Unique Facts About This Issue..

The introduction of charge cards has brought a revolution in the payment system. The traditional means 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 have bought the product?

Charge cards have made shopping easy and convenient. With the number Online users gradually increasing, the future of online shopping is bright. It is not an exaggeration to express that online shopping is experiencing a boom. In such market condition, the use of credit and debit card will almost certainly increase manifold. Buying items and services over the Internet saves time and energy. Rather than standing in a long queue, you can book your tickets or buy things with just several clicks your mouse.

One of the market leaders of bank card issuers is Bank Of America Nearby. Actually, Bank of America is definitely the largest issuer of credit cards in the united states. It has surpassed its nearest rival J.P. Morgan Chase because the largest credit card issuer after its merger using one of the leading charge card issuers – MBNA.

With this merger, Bank of America Card Services organization has a lot more than 40 million active U.S. accounts. It is worthwhile to take note that Bank of America is additionally the greatest issuer of atm cards.

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

Just about the most interesting features of Bank of America credit cards is its low Annual Percentage Rate (APR). Though some of the Bank of America bank cards have introductory APR, these are quite low, which can be usually 1.9% for a time period of usually six months. It’s quite a good deal if your regular APR is fixed at 6.99% even though it comes with an introductory APR of 1.00% for a time period of six months. Most other charge cards issued by Visa and MasterCard have higher regular APRs.

For instance, Mexicana® Airlines Visa® Platinum has a regular APR that is 6.99% plus an introductory APR which is fixed at 1.9%. Though it carries a yearly fee of $45, its benefits are immense. After the initial purchase, you receive 1 free companion ticket coupon. Thereafter, you may obtain a $99 companion ticket coupon annually. You can also earn 1 Frecuenta Mile for every dollar spent and two Frecuenta Miles for each and 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 any one of its 15 partner airlines.

On the flip side, the majority of the Bank of America bank cards carry an annual fee. Like any other charge cards, Bank of America bank cards have reward cards, charge cards for college students, corporate etc. Its cards will also be created to serve the various needs of its diverse range of consumers. It offers reward programs intended for air travelers and frequent shoppers. In additions some of its charge cards has additional benefits and perks.

Though Bank of America is the largest issuer of credit and atm cards, it lacks its own electronic payment processing network. Its smart fees to card issuers Visa and MasterCard to process charges made out of cards issued by Bank Of America Headquarters. After MBNA merged with Bank of America, it really is considering acquiring its own electronic payment processing network. If this succeeds in doing so, it is going to undoubtedly akzgrb as being a serious competitor to market leaders Visa and MasterCard.

With the merger of MBNA, Bank of America charge cards also have acquired a whole new dimension. MBNA was the pioneer in issuing specialty bank cards to universities, colleges, and business. It is sure to the break the market monopoly of Visa and MasterCard.

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