The introduction of credit 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 might have bought the product?
Credit cards have made shopping simple and convenient. With the number Web users gradually increasing, the future of internet shopping is bright. It is far from an exaggeration to say that shopping online is experiencing a boom. In these market condition, the use of credit and debit card will almost certainly increase manifold. Buying items and services online saves energy and time. As opposed to standing in a long queue, you can book your tickets or buy things with just a few clicks on your mouse.
Among the market leaders of charge card issuers is Bank Of America Near Me Now. In fact, Bank of America will be the largest issuer of bank cards in the US. It provides surpassed its nearest rival J.P. Morgan Chase since the largest charge card issuer after its merger using one of the leading bank 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 greatest issuer of debit cards.
Bank of America charge cards are among the most flexible charge cards in the market. Its credits cards are designed to suit extensive credit situations and special needs of students and big businessmen.
One of the most interesting features of Bank of America bank cards is its low Annual Percentage Rate (APR). Though some of the Bank of America credit cards have introductory APR, they may be quite low, which is usually 1.9% for a time period of usually 6 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 period of 6 months. The majority of charge cards issued by Visa and MasterCard have higher regular APRs.
For example, Mexicana® Airlines Visa® Platinum includes a regular APR which is 6.99% and an introductory APR which is fixed at 1.9%. Although it carries a yearly fee of $45, its benefits are immense. After your first purchase, you receive 1 free companion ticket coupon. Thereafter, you are going to receive a $99 companion ticket coupon each year. You can also earn 1 Frecuenta Mile for each and every dollar spent and two Frecuenta Miles for each dollar spent with Mexicana Airlines. Annually you will 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, a lot of the Bank of America charge cards carry an annual fee. Like some other credit cards, Bank of America charge cards have reward cards, bank cards for college students, corporate etc. Its cards will also be designed to serve the different needs of the diverse range of customers. It has reward programs designed for air travelers and frequent shoppers. In additions a few of its credit cards has additional benefits and perks.
Though Bank of America is definitely 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 created using cards issued by Bank Of America Contact. After MBNA merged with Bank of America, it is actually considering acquiring its very own electronic payment processing network. When it succeeds by doing this, it is going to no doubt akzgrb being a serious competitor to promote leaders Visa and MasterCard.
With all 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 will definitely the break the market monopoly of Visa and MasterCard.