By Joe Adolfson
The Basics of Credit
Credit Cards: What You Need to Know
Shopping for Credit
Bank of America Better Balance Rewards
Annual fees for this card are great if you are a responsible credit holder. You won't be charged if you are able to manage your credit card balance. This also persuades you in a way to manage payments on time, thus increase your credit score.
Late payment fees will be charged for $37 and returned checks will be a cost of $27. Balance transfers and cash advancements will both be additional charges as well. Both will be an additional fee of about $10 or 3%-5% of the amount.
This card includes a great amount of benefits. These include: staying protected, online shopping security, chip cards, overdraft protection, account alerts, text banking, stay connected. The incentive to choosing this card is that you will be rewarded with many benefits.
There will be no added on annual fee if you select this card.
Late payment fees will add a charge between $15 and $37. There is no additional fee for a returned check. Balance transfers are 0$ for the first 60 days. Following this, the fee will increase to $5 or 5%, whatever the greater amount it. Cash advancements will add $10 or 5%, whatever the grater amount will be.
This card includes low interest rates, intro balance transfer offers, monthly FICO scores for free, 0$ annual fees, and No penalty APR. The incentive to this card is that you are required to pay less for fees as well as annual rates charged for the card. But a disadvantage is that you won't receive as many benefits as you would if you select the Bank of America card.