 How does a cash reward program work? Typically, the program awards points, "dollars" or a cash value based on the amount you charge. The rate at which you collect points varies depending on what you charge or where you charge it. Some programs offer extra points for using their card at a specific place such as a supermarket or fast food restaurant or for certain items.
Some programs offer a variety of rewards. Consumers can earn meals, tickets to sporting events, airline tickets, electronics, or even create their own reward program.
The goal is to get you the consumer to use your credit card as much as possible. Why? FEES! The credit card issuer makes money from two sources each time you use their card. First, from the merchant who pays the issuer a merchant transaction fee and secondly, from you through finance charges and late fees. A recent survey found that nearly half of U.S. cardholders enrolled in a credit card rewards program have never redeemed their points. However, 60% of consumers said rewards program influences their decision when deciding which credit card to use for a purchase.
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1.9% fixed introductory rate for the first six billing cycles
Earn 1,000 points after your first purchase
1 point for every dollar in purchases (Up to 75,000 points per year)
Awards begin at only 5,000 points
Travel the way you want.
Travel rewards by land, sea and air1
Use your Platinum Travel Visa card for everyday purchases and earn award points toward exciting travel awards, merchant certificates and high-quality merchandise. Some of the great awards you can earn:
- Travel. Airline travel to destinations all over the world, vacation packages to Disney World, New Orleans, Key West and more. Plus cruise, golf and tour packages.
- Merchant certificates. Amtrak, restaurants, hotel stays, department stores, jewelry stores, toy stores, spa treatments and more.
- Merchandise. Ping golf clubs, Samsonite luggage, Windglider sail craft, canoes, kayaks, digital camera kits, watches and more.
Points add up fast
- Receive 1,000 bonus points after your first purchase
- Earn one point for every $1 in purchases, up to 75,000 points per year
- Get a 1.9% introductory annual percentage rate (APR) for six months on all purchases and balance transfers2
- Points last up to five years
The privileges of Platinum
- Choice of four card designs
- Acceptance at more than 24 million locations worldwide
- Cash access at more than 380,000 ATMs
- Total Security Protection™ package
- Zero Liability from unauthorized use of your card3
- Auto rental insurance against collision or damage1
- Travel accident insurance coverage up to $500,0001
- Emergency medical and travel services1
- Additional cards at no extra charge
Rewards by Land, Sea and Air
You're on your way to more rewards with the Platinum TravelTM Visa® card.
You can choose bonus from:
Air Travel
Get airline tickets to exciting destinations within the U.S. and around the world.
Vacation Packages
Choose from a wide selection of luxury spas, family getaways and weekend escapes.
Hotels, Cars and Rail
Enjoy discounts, vouchers and gift certificates on quality hotels, car rentals and train travel.
Clothing and Accessories
Select from a variety of indoor and outdoor clothing and accessories, including jackets, watches and jewelry.
Electronics
Choose from an array of high-tech gadgets, including navigators, shortwave radios and camcorders.
Sports and Outdoors
Enjoy many choices of outdoor gear, including bikes, tents and sail craft.
Merchant Certificates
Get high-end merchant certificates from restaurants, pro shops, department stores and more.
1 Certain exclusions, restrictions and limitations apply. Details available when you become a cardmember.
2 See Terms and Conditions for details.
3 When you notify Bank of America promptly that your card has been lost or stolen.
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