The development of credit cards has brought a revolution within the payment system. The standard method 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 product?
Bank cards have made shopping simple and convenient. Along with the number Internet users gradually increasing, the way forward for shopping online is bright. It is really not an exaggeration to say that online shopping is experiencing a boom. In such market condition, the usage of credit and debit card is going to increase manifold. Buying items and services over the Internet saves time and effort. Instead of standing in a long queue, you can book your tickets or buy things with just several clicks your mouse.
One of the market leaders of bank card issuers is Bank Of America Locations Near Me. In reality, Bank of America will be the largest issuer of bank cards in the united states. It provides surpassed its nearest rival J.P. Morgan Chase because the largest charge card issuer after its merger with one of the leading credit card issuers – MBNA.
Using this merger, Bank of America Card Services organization has greater than 40 million active U.S. accounts. It is actually worthwhile to adopt note that Bank of America is also the biggest issuer of atm cards.
Bank of America bank cards are some of the most flexible credit cards available in the market. Its credits cards are designed to suit extensive credit situations and special needs of students and large businessmen.
One of the most interesting features of Bank of America charge cards is its low Annual Percentage Rate (APR). Though a few of the Bank of America charge cards have introductory APR, they may be quite low, which is usually 1.9% for a time period of usually six months. It’s quite a good deal in case your regular APR is fixed at 6.99% even though it comes with an introductory APR of 1.00% for a time period of six months. Most other credit cards from Visa and MasterCard have higher regular APRs.
For instance, Mexicana® Airlines Visa® Platinum includes a regular APR that is 6.99% and 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 get a $99 companion ticket coupon annually. You can also earn 1 Frecuenta Mile for every dollar spent and two Frecuenta Miles for every dollar spent with Mexicana Airlines. Annually you may receive 2,000 anniversary mile and 4,000 Welcome Miles once you have joined the Frecuenta Program. These miles can be redeemed on Mexicana or on any one of its 15 partner airlines.
On the flip side, most of the Bank of America charge cards carry an annual fee. Like some other credit cards, Bank of America charge cards have reward cards, charge cards for pupils, corporate etc. Its cards are also designed to serve the numerous needs of the diverse range of consumers. It offers reward programs created for air travelers and frequent shoppers. In additions a number of its charge cards has additional benefits and perks.
Though Bank of America will be the largest issuer of credit and debit cards, it does not have its own electronic payment processing network. Its smart fees to card issuers Visa and MasterCard to process charges made out of cards issued by Bank Of America Corporate Office Address. After MBNA merged with Bank of America, it is considering acquiring its own electronic payment processing network. If it succeeds by doing this, it is going to without doubt akzgrb as a serious competitor to market leaders Visa and MasterCard.
With all the merger of MBNA, Bank of America bank cards have likewise acquired a 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.