Bankamericard travel rewards credit card, actually their rewards are quite tempting! first no annual fee, 0% Intro APR for 12 month Billing cycles, balance transfer fee 3%, unlimited points, and their normal APR about 15% to 23% depend on how much your credit worthiness! if we talk about credit cards that related with Big Banks! most of them will give you better offers, rather than credit cards retails or stores, or even gas stations!
The reason why most of them have high APR simply because, their main focus are not in credit cards product! their credit cards are private labels! and most of them doing JV or have partner with another top credit cards company issuer! and not directly from their company! but, their market target usually their loyal costumers, that love their brands so much! so I am not surprised most of them will charge same APR such as 24% above! either its for purchases or cash advances!
but for most credit cards that related directly with Big Bank! such as Bankamericard travel rewards credit card! most of the time, you’ll get better APR! actually the reason are quite simple! i.e they have different APR for purchases and cash advances! meanwhile for credit cards store, they will apply top APR same as purchases APR! so, yeah, it’s something like tricky business! 😀 I am not saying they trick you! its just something like changing the lowest price into highest price if you buy their packets! quite impressive huh 😉
But The benefit using credit cards stores, jewelry or even gas stations, most likely you’ll get more discount, cash back, points, and many more! i.e more rewards! but on the other hand, they will charge you more APR! and if you love their brand so much, or you have other reason and don’t really care to much about APR! then go for it and apply their cards! because most of them will approve, and usually they accept poor credit score such as 500 or something!
and if we talk about Bankamericard travel rewards credit card actually they combine between stores credit cards with top credit cards company! i.e they have rewards and good APR! yep, they give you unlimited points, discount, cash back, no annual fee, intro APR, Regular APR almost same like Citi cards, and etc! to be honest, you must apply and try to get this kind of cards! and most likely credit cards that offering a lot of rewards, usually they will accept poor credit cards such as 500! but on the other hand, if you have excellent credit scores! or you can build up your score with them! most of the time, big Bank can give you good offer, if you can negotiate with them!
Just tell them I often go travel, abroad! but I also need good offers, with low APR! ask them to decrease your APR to 10% bellow or something, and ask them to increase your limit, so you have capacity to spend more when you do travels! most of the time banks will approve it! because Credit cards company love consumptive people 🙂 and they don’t mind to lower their APR, but for long run your spending are much more higher! so it’s something like profitable deals for long run! 🙂 if you know what I mean 😉