Rewards features:  

The BankAmericard Visa’s Power Rewards system is straightforward, if somewhat unremarkable. Each dollar spent earns you one rewards point. Down the line, points can be redeemed for merchandise, gift cards and travel. There’s always the option of simply trading in points for cash too.

It’s a shame that the BankAmericard Power Rewards Visa Signature’s introductory bonus point incentive isn’t permanent. For the first six months with the BankAmericard Power Rewards Visa Signature, you receive triple points on gas, grocery and drugstore purchases.

There’s no cap on the amount of points you can earn on the BankAmericard Power Rewards Visa Signature. Points do, however, expire five years after they are earned.

APR:  

The BankAmericard Power Rewards Visa Signature offers customers competitive interest rates. The APR for standard purchases and balance transfers is a low 12.99% for qualified applicants. The Bank of America adds allure to their bonus point introductory offer by providing 0% interest for the first ten billing cycles on the BankAmericard Power Rewards Visa Signature card.

Other interest rates reflect credit card industry standards. Delinquent accounts accumulate interest at 27.24%. In addition to applicable fees, cash advances are subject to a 24.24% APR.

Fees/charges:  

While 12.99% isn’t an extraordinary standard APR, the fact that the BankAmericard Power Rewards Visa Signature card doesn’t require an annual fee more than makes up for it. The BankAmericard Power Rewards Visa Signature’s cash advance fee is ridiculously high, even when compared to bloodthirsty check loan outfits—4% or $10 for a cash advance strikes us as somewhat usurious. Other fees mirror what you see on our other selections for best rewards cards: a $15-$39 late fee, a $39 over limit fee and a 3% international purchase fee.

Key features:  

Like most cards in the rewards category, the BankAmericard Power Rewards Visa Signature features zero liability protection on unauthorized charges. Bank of America offers 24/7 online banking as well as the option to configure account alerts for email or mobile devices.

Member support:  

Bank of America and Visa both have customer support representatives on hand at all times. In the event of card theft or loss, Bank of America will expedite a replacement to you. We appreciate the added benefit of emergency cash access that the BankAmericard Power Rewards Visa Signature provides.

On the whole, the BankAmericard Power Rewards Visa Signature is a decent credit card with an average rewards program. If the introductory bonus points were a permanent feature of the card, we’d have ranked it much higher. As it stands however, the BankAmericard Power Rewards Visa Signature will be well suited to customers with a desire for flexible rewards options.

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