The Home Advantage™ MasterCard® from Bank of America, issued by FIA Card Services, N.A., is designed for those with excellent credit who would like to earn a variety of rewards, including payments toward their mortgage principal.
Through the reward program, cardholders earn one point per dollar spent on all qualifying purchases. Cardholders will also earn double points on purchases at home improvement stores including Lowe's®, The Home Depot®, and Best Buy® for the first twelve months. There is no limit to the number of points that may be earned, but points will expire after five years. Points are redeemable for various travel rewards, merchandise, gift certificates, and cash.
Cardholders can also redeem points for payments to their mortgage provider. For every 5,000 points earned, $50 will be applied towards the mortgage principal, providing cardholders with the opportunity to reduce interest costs over the life of their loan.
In addition to the reward program, the card also offers common cardholder benefits, such as online account access, fraud protection, and access to a personal concierge service.
The card has no annual fee, a 0% introductory rate for both balance transfers and cash advance checks for the first twelve billing cycles, and a reasonably low fixed interest rate on purchases (for those who qualify). It is important to understand that the APR for purchases and balance transfers will vary according to the applicant's credit history and will be either 9.99% or 15.99%.
Therefore, those who will qualify for the lowest rate offered, will take advantage of the introductory rate, and would like to participate in the reward program will benefit most from what the
Home Advantage™ MasterCard® from Bank of America has to offer.
This review was updated 2008-06-10T00:00:00.0000000-07:00
| Type Of Rewards: |
Point |
| Reward Program Optional: |
No |
|
Optional programs may have a fee. See Data for details. |
For Cards with Cash Back Incentives
| Lowest Possible Rebate: |
n/app |
| Highest Possible Rebate: |
n/app |
| Additional Rebates: |
n/app |
| Rebate Details: |
n/app |
For Cards with Point Incentives
| Points Per Dollar Spent: |
1 Point |
| Additional Points: |
Cardholders will earn double points on purchases at home improvement stores including Lowe?s®, The Home Depot®, and Best Buy® for the first twelve months. |
| Point Details: |
Points are redeemable for travel, merchandise, gift certificates, and cash. Points are also redeemable for payments to the cardholder's mortgage provider. |
For Cards with Airline Incentives
| Miles Per Dollar Spent: |
n/app |
| Additional Miles: |
n/app |
| Program Details: |
n/app |
Rewards Expiration Period: 5 Years
Annual Limit: None
Additional Credit Card Perks
Various Internet account related services.
Personal concierge service.
See website for additional benefits.
Special Notations about the Home Advantage™ MasterCard® from Bank of America
This card is issued by FIA Card Services, N.A.
The fixed APR for purchases and balance transfers varies according to the applicant's credit history and will be either 9.99% or 15.99%.
See website for complete terms and conditions of card usage and application disclosure.
Always read the credit card's Data before applying!
