BankAmericard® Power Rewards® Visa Signature® Card
- Minimum Credit Required:
Excellent - Annual Fee:None
- Network: VISA
Points - Generic
| Initial Bonus $50 |
Base Earn 1 point / $1 |
Max Earn 3 points / $1 |
Earn / Redeem Limit No |
- Get a $50 statement credit after making at least $100 in retail purchases within the first 60 days of the account opening date.
- Earn 3 points per $1 on gas, grocery and drug store purchases for the first 6 months and 1 point per $1 on all other purchases.
- Redeem rewards points for cash, travel with no blackout dates, hotel benefits, car rentals, merchandise, unique experiences, gift certificates, and more.
- Rewards start at 2,500 points.
- No limit to the number of points you can earn each year.
| Intro Rate 0% |
Intro Period 12 billing cycles |
Regular Rate 12.99%-20.99% (V) Purchases & BT |
| Intro Rate0% | Intro Period12 months | Regular Rate12.99%-20.99% (V) Purchases & BT | Balance Transfer Fee 4% (min $10) |
| Cash Advance Rate 20.99% - 24.99% |
Cash Advance Fee 4% (min $10) |
- Automatic auto rental insurance.
- Purchase Replacement provides coverage on purchases that are stolen, damaged or lost, within 90 days of purchase.
- Extended Warranty.
- Additional cards at no extra charge.
- Total Security Protection® package protects against fraud and unauthorized use of your card.
- Max Late Fee: $35
- Max Overlimit Fee: None
- Max Penalty APR: 29.99%
- Grace Period: 25 days
- Online Response: Yes
- Foreign Transaction Fee: 3%
If you currently have the BankAmericard® Power Rewards® Visa Signature® Card and are satisfied or you like the terms of this credit card offer please let your friends know.
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BankAmericard® Power Rewards® Visa Signature® Card is related to the following credit card categories:
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Before applying for a credit card we recommend that you review and verify the credit card terms and conditions on the credit card company's web site. Please let us know if you find any differences related to the BankAmericard® Power Rewards® Visa Signature® Card shown on this page.
The card information shown on this page was last updated: May 22nd, 2012 at 5:41 EDT
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The BankAmericard Power Rewards Visa Signature Card just sounds cool. But the coolest thing about rewards credit cards is saving money, so we need to see how cool the Power Rewards really are. Let’s see, you get a $50 statement credit after making $100 in retail purchases in the first 60 days after account opening. (That’s better than nothing, but $50 is a little small for an initial rewards bonus in the current market, and the whole forcing you into a statement credit and adding the retail purchase requirement to the deal takes away from its attractiveness). The Power Rewards BankAmericard also offers 3 points per $1 spent on gas, grocery and drug store purchases during the first 6 months (this might’ve been a better deal like 5 months ago when gas prices are high, but at least right now it’s not that great). The 1 point per $1 base earning rate is pretty standard, but the fact that it appears to be all you get after the first 6 months isn’t thrilling. Then we get to the issue of the BankAmericard Power Rewards Card being a Visa Signature card. This is important because Visa Signature cards have a feature called No Preset Spending Limit. This means your credit limit will be determined on a monthly basis and you’ll never know quite what it is. It also means that your credit utilization might be reported inaccurately to the credit bureaus and your credit score could fall for no good reason. You should then consider options in the place of the BankAmericard Power Rewards Visa Signature Card. The Chase Sapphire Preferred is a good choice if you want a lucrative initial bonus. The Capital One Cash Credit Card or Venture Card are nice choices for earning ongoing rewards. And if you were drawn to the Power Rewards Bank of America card for the 0% it offers on purchases or balance transfers for the first 12 months, then the Citi Simplicity card (0% on both for 21 months) or the Citi Dividend World MasterCard (0% on purchases for 15 months and some interesting rewards) would both be better choices than the Bankamericard Power Rewards Credit Card.