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The Bank of America World MasterCard with WorldPoints Rewards is already a valuable rewards card: Cardholders earn a rewards point for every dollar that they charge with the card. But Bank of America has made this card even more attractive by giving holders the chance to earn a $50 statement credit.
Cardholders who use their card to charge at least $100 worth of purchases within 60 days of activating their account will receive $50 in cash. This cash will credited to their card accounts as soon as cardholders complete their qualifying transactions.
This is yet another example of credit card companies offering valuable perks to entice consumers to sign up for their plastic. In addition to the statement credit, Bank of America is offering new cardholders an introductory interest rate of 0 percent on all new purchases for the first 12 months after they open their accounts. After this period ends, cardholders’ purchase interest rate will jump to 12.99 percent to 20.99 percent, depending on their creditworthiness.
After they earn at least 2,500 points, cardholders can redeem their points for a wide variety of rewards, everything from hotel stays and car rentals to merchandise, gift cards and travel perks. Cardholders can also turn their points into concert tickets, sports memorabilia and other unique experiences.
The Bank of America World MasterCard is also free to own: It comes with no annual fee.