The Bank of America Upromise credit card is a rewards card that is geared towards consumers who want to earn rewards towards college savings. The Bank of America Upromise World MasterCard credit card with Gas & Grocery Rewards makes it possible for card holders to earn cash back on purchases to help fund future education expenses or pay down eligible student loans.
The key to the credit card is the enrollment in the Upromise Program. Upromise is a free service that was established to help consumers pay for college with a unique rewards program. Credit card holders that are in the Upromise Program can earn money back for college when using the credit card by shopping online, purchasing groceries, buying gas, dining at a restaurant, booking travel, and much more.
When the Bank of America credit card holder makes a purchase with a Upromise retail partner, the credit card rewards earned are linked to the account holders Upromise account. A Upromise membership is required for the college savings to be appropriately posted to a Upromise account. The Bank of America credit card holder must be a Upromise member and the Upromise credit card must be registered with Upromise to earn and receive all the eligible college savings. When you make a purchase with a Upromise partner, the earnings are linked to your Upromise account.
Once earnings reach $25, the account holder invest the earnings in an eligible 529 account or use them to pay down a student loan or even request a check directly from Upromise to cover school expenses or invest on your own.
Based on information from the Upromise Program website there are numerous retail establishments in which a card holder can earn their rewards at including 600+ online retail and travel web sites, 22,000+ grocery and drug stores, 48,000+ retail, service and restaurant locations.
The Upromise® World MasterCard® comes with 0% introductory credit card APR that lasts for the first 7 or 10 statement billing cycles, the duration of the introductory credit card rate is determined by the bank based on the credit card applicants qualifications and credit history.
After the introductory period, the credit card rate is a variable rate that is between 12.99% and 20.99%. The standard new credit card rate and APR is also determined based on the credit card applicant’s qualifications and credit history.
The Bank of America credit card also comes with free online credit card account access where users can get a summary of your current account, make a credit card payment online, contact customer service and print up to 18 months of credit card statements. The bank credit card can also be used for optional overdraft protection on checking.
The information contained is accurate as of the time of this publication but may have changed since the last update. All account terms are governed by the bank credit card agreement. Credit card terms, including the APRs and credit card fees, may change in accordance with the agreement.
Bank of America is one of the largest financial institutions in the U.S. Bank of America provides bank and financial products and services to individual consumers as well as small to large corporations. Bank of America operates more than 6,100 retail banking offices and over 18,000 ATMs.
Tags: bank credit card, Bank of America credit card, credit card, credit card apr, credit card payment, credit card rate, credit card rewards, new credit card, online credit card
No user commented in " Credit Card Upromise® World MasterCard® by Bank of America "
Follow-up comment rss or Leave a TrackbackLeave A Reply