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The BankAmericard Power Rewards Visa Signature Card comes with a generous perk: If you make enough charges with your card in the first two months after activating your account, you can receive a $50 statement credit.
To qualify for this credit, you must charge at least $100 in retail purchases within the first 60 days after opening your account. If you reach this threshold, the $50 credit will automatically appear on your card’s account statement.
It’s just one more example of the lucrative perks that rewards credit cards are offering to entice customers. It’s a competitive world for credit card issuers. They have to do whatever they can to stand out among their competitors, something that is turning into a real positive for consumers.
The card also rewards consumers with three rewards points for every dollar they charge on gas, grocery and drug store purchases within the first six months of activating their account.