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The Bank of America Visa Platinum was last reviewed on 8th March 2007
Summary - The Bank of America Visa Platinum is a basic no-frills credit card which will appeal to those looking for a basic card from a major bank. Find out more about this card.
Annual Fee and APR - The Bank of America Visa Platinum has no annual fee. You get an introductory 0% apr for both purchases and balance transfers for six billing cycles. The apr ranges between prime rate plus 3.99% and 12.99%. The average daily balance method (including new purchases) is used to calculate monthly balances.
Other Platinum Benefits - Being a platinum card, the Bank of America Visa Platinum offers standard platinum benefits like travel and emergency assistance, automatic auto rental insurance and a few other perks.
Verdict - There are other cards that have a lower apr (if you have excellent credit) or longer periods for their 0% introductory apr offer. But if all you are looking for is a solid platinum credit card from a major bank, then you should check out the Bank of America Visa® Platinum.
PositivesNo annual fee 0% apr on both purchases and balance transfers for six billing cycles Platinum card benefits
| Bank of America Visa Platinum | | Perks/Notations | Online Banking service
Welcome anywhere Visa credit cards are accepted
Convenience checks at no extra charge
Additional cards at no extra charge
Bilingual (English/Spanish), Braille and large-print credit card statements available upon request
Zero liability from unauthorized card use if you notify us promptly
Travel and emergency assistance
Automatic auto rental insurance
Purchase Replacement, which provides for repair or replacement for covered purchases that are stolen, damaged or lost at a known location, within 90 days of the date of purchase
Purchase Guard, which will double the manufacturer's original United States (U.S.) warranty period for covered purchases with a warranty duration of 1 year or less
Total Security ProtectionTM, our free package of security features | | Cost/Fees/Interest rates | | (APR) Purchase | Intro Rate - 0% for six billing cycles. Goto rate is a variable risk based rate between Prime + 3.99% and P + 12.99% | | (APR) Balance Transfer | Intro Rate - 0% for six billing cycles. Goto rate is a variable risk based rate between Prime + 3.99% and P + 12.99% | | (APR) Cash Advance APR | (P + 15.99%) | | Annual Fees | None | | Finance Configuration | Average Daily Balance (including new purchases) | | Additional Cardholders | $0 | | Grace Period | 20 days (Min) | | Late Payment fee | Based on Account balance on the fee assessment date - $15 for balances less than or equal to $100, $29 for balances $100.01 to $250, $39 for balances greater than $250. | | Over-the-credit-limit fee | Based on the highest Account balance during the Billing Cycle - $15 for balances less than or equal to $500, $29 for balances $500.01 to $1000, $39 for balances greater than $1000. | | Cash Advance fee | 3% min $10.00 | | Balance Transfer Fee | None when Balance Transfer is requested at time of application; thereafter, 3% of each advance (min. $10) |
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