Bank of America Cash Rewards Platinum Plus® MasterCard® Credit Card, Editor Reviewed at CompareCards.com

Bank of America Cash Rewards Platinum Plus® MasterCard® Credit Card

Editor's Rating: 7.0
Consumer Rating: (2 ratings) 7.5

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Intro APR:	N/A
Regular APR:	9.99% - 19.99%
Annual Fee:	None

Intro Period:	N/A
Balance Transfer:	Yes*
Credit Needed:	Good

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Introductory 0% Annual Percentage Rate (APR)† for Cash Advance Checks and Balance Transfers through your first fifteen billing cycles.
For every $2,500 you spend in net retail purchases, you'll earn $25! That's a full 1% cash back - with no limit to how much cash back you can earn.
No Annual Fee
Every time your new purchases total $2,500, just call, and $25 will be credited directly to your credit card account.
Absolute fraud protection against unauthorized use, online and offline.

EDITORS' RATINGS OVERALL SCORE

7.0

Overall

The Bottom-Line

A good cash back card if you use it for everyday purchases and will charge in excess of $2,500 or if you have credit card balances to transfer or need immediate cash.

The Good

0% interest is available for first 12 billing cycles. Rewards are paid for every purchase and there’s no limit to the rewards you can earn.

The Not So Good

Cash back is paid only in increments of $2,500. Lower amounts won’t qualify for the cash back. The 0% introductory APR applies only to balances and cash advances made within first 45 days. It does not apply to purchases.

CARD DESCRIPTION

The Bank of America Cash Rewards Platinum Plus Mastercard Credit Card is one of many great card options from Bank of America. This card comes with many fantastic options for you to take advantage of. This card has a competitive 0% introductory rate for cash advance checks and balance transfers for the first 12 months.

The Bank of American Cash Rewards Platinum Plus MasterCard Credit Card also gives you $25 back for every $2,5000 you spend in retail purchases and no caps. This equals 1% cash back and there is no limit to the amount you can earn. The more you spend, the more cash back you can get.

There is no annual fee for this card and if you make new purchases of $2500, you can simply call and get $25 credited to your credit card account right away. There are additional features that add to the attractiveness of this card such as absolute fraud protection when you use your card both online and offline so you can always feel safe.

The Bank of America Cash Rewards Platinum Plus® MasterCard® is a good balance transfer card for anyone needing quick cash or relief from high credit card interest rates on existing balances.

Read Customer Reviews (Last Reviewed: Aug 15, 2008)

DETAILED EDITORS' RATINGS

7.5

Introductory APR

0% APR for 12 months on cash advance checks and balance transfers

8.0

Benefits

0% APR for 12 months on cash advance and balance transfers and a $25 back for every $2,500 spent with no limit on earnings.

8.0

Fees

No annual fee, a 3% transaction fee on balance transfers and cash advances.

8.0

Regular APR

9.99% APR for Platinum Plus accounts; 15.99% APR for Preferred accounts