Bank Americard Power Rewards® Visa® Signature Card
Card issued by FIA Card Services, N.A.

< Summary - The Bank Americard Power Rewards® Visa® Signature Card is an all-round reward credit card from Bank of America that has travel, merchandise, gift certificates and cash rebates rewards options for the cardholder. You can redeem over 250 items. Let us explore this card in greater detail.

Reward Formula - The Bank Americard Power Rewards credit card is a reward card with travel, shopping and cash rebate rewards. You earn 1 point for every dollar you spend on your credit card. You can earn unlimited points which are valid for 5 years. As a signing bonus, you get 500 points if you make your first purchase after 90 days.

The Power Reward (based on their World Points program) has rewards in the usual areas. You can redeem rewards for as little as 2,500 points. As with most other reward programs, you can redeem your points for a variety of travel and also cash rewards. One interesting feature of the travel reward is that aside from letting you redeem points for a roundtrip US air ticket or a few days stay at a hotel, you can choose to get a travel discount when you book your holidays through Loyalty Innovations, Bank of America's travel agent. For example, you can redeem 10,000 points for a $100 travel discount. This gives you a little more flexibility choices for redeeming your points for travel.

Annual Fee and APR - The Bank Americard Power Rewards® Visa® Signature Card has no annual fee. The apr ranges between 12.99% and 20.99%. You get an introductory 0% Intro APR* on purchases only for 12 months. The Power Rewards Visa uses the average daily balance method (including new purchases) to compute your monthly balance.

Verdict - The BankAmericard Power Rewards® Visa® Signature is Bank of America's no annual fee reward card. How does it stack up against other reward cards. Well, I think the main thing is that it all depends on their rewards program. For example, I am familiar with the Membership Rewards Program, and Chase's Ultimate Rewards Program. I can say first hand (comparing them) that the Membership Rewards program is probably the best in terms of merchandise and gift cards. In terms of travel, the card that I really like (and I think is the benchmark to compare), is the Chase Sapphire(SM) , as you can redeem points for travel in a variety of ways. For example, you could

Book trips through their travel portal and earn double points

Book any trip you want with anyone and use points to redeem it

Exchange points for Continental, United, SouthWest and British Airways certificates

Hence, if you are considering a no annual fee credit card, you should consider the Chase Sapphire(SM) instead.

To sum up, this card is OK, but there are other much better no annual fee reward cards.