Choice Privileges® Visa® Platinum

Earn 8,000 Bonus Points with First Purchase No Annual Fee Earn 15 Points Per $1 Spent at Choice Privileges Locations No Yearly Limit on Miles to be Earned

Review: The Choice Privileges® Visa® Platinum, issued by Bank of America, N.A. (USA), is designed for those with very good credit who plan to take advantage of the reward program that is offered. The reward program is by far the most attractive benefit of the card and is ideal for those who frequently stay at any of the Choice Privileges® hotel locations. Cardholders earn two points for each dollar spent on general purchases and 15 points for each dollar spent at Choice Privileges® locations (see website for participating hotel chains). There is no yearly limit on the number of points that can be earned; however, any points earned in a calendar year will expire on December 31st of the second calendar year following the year during which the points were earned. New applicants receive 8,000 bonus points with their first purchase made with the card. Earned points can be redeemed for free hotel stays, gift certificates to retailers and restaurants, and airline miles with many major airline partners. In addition, there is a unique donation option that allows cardholders to redeem their points toward donations to the Armed Forces Relief Fund and UNICEF. The card offers a low introductory rate that can be applied toward purchases and balance transfers for the first six billing cycles with no annual fee. Although the interest rate for purchases and balance transfers is considered reasonable for a reward credit card, it is not ideal for those who plan to carry a balance after the introductory rate expires. In addition to the reward program, this card offers common platinum benefits provided by Bank of America, N.A. (USA) that include up to $500,000 in travel accident insurance, auto rental insurance, and lost luggage insurance. Therefore, those who frequently stay at any of the Choice Privileges® hotels (to earn additional points) and plan to pay in full each month (to avoid finance charges) will find the Choice Privileges® Visa® Platinum to be very beneficial.

Date of Review: 2006-04-08 00:00:00

Notes: The APR for purchases and balance transfers may range from 9.99% to 13.99% + Prime Rate. The APR is based on the highest Prime Rate during a 90-day period. See website for complete terms and conditions of card usage and application disclosure.

Additional Perks: See website for card benefits.