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Deals are easy to find today in the credit card business. It’s a competitive industry these days, and card issuers are passing out deals as a way to entice consumers. It’s little surprise, then, that Bank of America has joined the crowed with its Accelerated Cash Rewards American Express Card. With very little effort on your part, you can earn a $50 statement credit.
You only have to spend $100 with your card in the first 60 days after activating your account. That’s not too strenuous. You’ll receive your $50 in a statement credit, personal check or direct deposit in your savings or checking account, whichever method you prefer.
And that’s not the only perk that comes with this card. You’ll also benefit from an introductory interest rate offer of 0 percent on all purchases for the first 12 months after you take out this card. And every time you make a purchase with your card, you’ll receive 1.25 percent cash back. The card also comes with no annual fee.
The only downside to this card? If your credit is weak, your purchase interest rate can be as high as 20.99 percent. Of course, if your credit score is high, your interest rate can be as low as 12.99 percent.
If you scan the CreditShout Web site, you’ll find that several credit card issuers are offering similar offers. This is good news for consumers, giving them the power to shop around for the credit card that works best for them.