Bank of America - Platinium Visa Review

Bank of America offers many credit cards to consumers. One of the credit card that i would like to share with everyone is the Platinum Visa with no annual fee. This Platinum Visa offers a zero interest for twelve months for doing a balance transfer. Balance transfer which covers by transfering the funds into the account directly and once the money is in the checking account you can do whatsoever with the moneys. Balance transfer can also be done to pay directly to another financial institutions that you owe a highly balance with a high interest. IT is an extrermely good cards to use to pay off your debt however think before doing so. doing a balance transfer you are obligating to pay a transaction fee which is four percent of the total amount of borrowing. For example, if you borrow $4000 x 4%= $160 which is sort of paying the interest upfront. But the heck, you are saving yourself from paying the interest that are charge to your principal and will takes forever to pay it all off. Another thing that i would like to share about this card is that if you pay late on your payment or over your limit then your zero interest promotion will end.  Also, i think that if you do a cash advance it is a zero percent or in different interest bracket. Plus, you can also make payment online, over the phone which will charge you $15 FOR IT, or at the banking center. There is a cut off time for making a payment at the banking center for your credit card payment. Also, don't wait for the last minute to go to the banking center to make your credit card because once you are late with your payment then you can say good bye to your zero interest promotion away.