Bank of America Visa Signature® WorldPoints™ Rewards Review
Card issued by FIA Card Services, N.A.

The Bank of America Visa Signature® WorldPoints™ Rewards was last reviewed on 10th May 2008 Summary - The Bank of America Visa Signature® WorldPoints™ Rewards is a very good reward credit card. It has a comprehensive reward program and a very low apr. Unlike other prestige cards which charge a high annual fee, you do not have to pay any annual fee for this card to enjoy benefits and perks that are typically found in high end cards. Find out more about this card. Reward Formula - The Bank of America Visa Signature® WorldPoints™ Rewards allows you to earn one point for every dollar you spend on the card. You can earn unlimited points. 1. It has a comprehensive travel reward program (travel and shopping) which also includes a cash rebate feature. You can earn unlimited points, which are valid for 5 years. Fees - There is no annual fee for this card. The APR is fixed at 9.99% for signature and platinum plus members and 15.99% for preferred members (which will depend on your credit history). The average daily balance method is used to calculate monthly balances. New cardholders get an introductory 0% APR on balance transfers and cash advance checks for 12 billing cycles. Visa Signature Benefits - Cardholders get access to various visa signature benefits like having a concierge service to complimentary assistance such as hotel upgrades, flight reservations, theater tickets, gift buying and personal shopping. Another benefit would be the Visa Dining Privileges which helps secures reservations at prime times with discounts. Verdict - The Bank of America Visa Signature® WorldPoints™ Rewards is a very good reward credit card as it has a comprehensive reward program, allows you to earn unlimited miles and has a very low interest rate for those who carry a balance. Furthermore, unlike other high end prestige credit card which charge a hefty annual fee to receive benefits like concierge service, you do not have to pay any annual fee for this card to enjoy the perks that come with being a visa signature cardholder. Highly recommended. Positives Earn unlimited points No annual fee 0% APR offer on balance transfers and cash advance checks for 12 billing cycles low APR Visa Signature perks Bank of America Visa Signature® WorldPoints™ Rewards Reward Benefits Point Accumulation 1 Point for every dollar you spend on purchases Point Expiration 5 years Caps on Points Earn unlimited Points Cost/Fees/Interest rates Introductory rate 0% Intro Annual Percentage Rate (APR)† on balance transfers and cash advance checks for your first 12 billing cycles. Annual Fee No annual fee Purchase APR 9.99% for Visa Signature and Platinum Plus accounts, or 15.99% for Preferred accounts Balance Transfer APR 9.99% for Visa Signature and Platinum Plus accounts, or 15.99% for Preferred accounts Cash Advance APR 19.99% Grace Period 25 days Balance Calculation Method Average Daily Balance (including new purchases) Balance Transfer Fee 3%, min $10.00 Advance checks fee 3%, min $10.00 ATM Cash Advance fee 3% min $10.00 Other Cash Advance fee 3% min $10.00 Foreign Currency Conversion fee None Over-the-credit-limit fee For Visa Signature® accounts only: None. For Platinum Plus® accounts: Based on your balance as of the day the fee is assessed - $15 if $500 or less; $29 if between $500.01 and $1000; $39 if over $1000. Late Payment fee Based on your balance on the late fee posting date - $15 if $100 or less; $29 if between $100.01 and $250; $39 if over $250. Apply for the Bank of America Visa Signature® WorldPoints™ Rewards