The creation of credit cards has brought a revolution within the payment system. The traditional way 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 piece?
Bank cards are making shopping basic and convenient. Along with the number Web users gradually increasing, the future of internet shopping is bright. It is not an exaggeration to state that online shopping is experiencing a boom. In such market condition, the use of credit and debit card is going to increase manifold. Buying items and services over the Internet saves time and effort. As opposed to standing in a long queue, you can book your tickets or buy things with just a few clicks on your mouse.
One of the market leaders of bank card issuers is Bofa Near Me. Actually, Bank of America is definitely the largest issuer of bank cards in the united states. It offers surpassed its nearest rival J.P. Morgan Chase as the largest credit card issuer after its merger using one of the leading credit card issuers – MBNA.
Using this merger, Bank of America Card Services organization has a lot more than 40 million active U.S. accounts. It really is worthwhile to adopt note that Bank of America can also be the greatest issuer of atm cards.
Bank of America bank cards are some of the most flexible credit cards in the market. Its credits cards are created 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 a number of the Bank of America credit cards have introductory APR, they may be quite low, which is usually 1.9% for a period of usually six months. It’s quite a great deal in case 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. Most other credit cards from Visa and MasterCard have higher regular APRs.
For instance, Mexicana® Airlines Visa® Platinum features a regular APR which is 6.99% plus an introductory APR that 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 every dollar spent and 2 Frecuenta Miles for each dollar spent with Mexicana Airlines. Annually you are going to receive 2,000 anniversary mile and 4,000 Welcome Miles after 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, most of the Bank of America bank cards carry an annual fee. Like some other credit cards, Bank of America charge cards have reward cards, bank cards for students, corporate etc. Its cards will also be created to serve the different needs of their diverse range of customers. It provides reward programs intended for air travelers and frequent shoppers. In additions a number of its credit cards has additional benefits and perks.
Though Bank of America is definitely the largest issuer of credit and atm cards, it does not have its very own electronic payment processing network. Its smart fees to card issuers Visa and MasterCard to process charges made out of cards from Bank Of America Headquarters Phone Number. After MBNA merged with Bank of America, it is considering acquiring their own electronic payment processing network. If it succeeds in doing so, it can undoubtedly akzgrb as a serious competitor to promote leaders Visa and MasterCard.
With all the merger of MBNA, Bank of America credit 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.