Miles Edge Credit Card
One of the innovations of the highly competitive credit card field is the reward credit card. One of the prime examples of this type of card is the MilesEdge credit card.
The credit card field is a highly competitive field and this competition certainly benefits the card holders. The competition has led to many innovative programs that make credit cards more attractive. This competition is most keen for the people with good to excellent credit ratings. Higher credit limits, lower Annual Percentage Rates (APR), lower annual fees, and balance transfers are some of the incentives given on the credit cards offered to good credit cardholders. There is another incentive that is growing in popularity and that is rewards. The MilesEdge Credit Card is a good example of this genre.
The MilesEdge Credit card is offered by the Bank of America, the same company that introduced the very first credit card in 1958. As would be expected, this card is loaded with extras designed to appeal to cardholders in this competitive market. The card is clearly intended for those with excellent credit histories. This is made very clear. If you do qualify, you will be pleased with the features.
The MilesEdge Credit card has a 6 month introductory period that is interest free. The APR for the first six months is exactly 0%. After that, it remains in the area of a very low 4.99%. The annual fee is a mere $19.00 per year. These factors alone make this card attract and competitive, but it is the reward system that really makes this card special.
The MilesEdge credit card reward system works by rewarding points. The points can be redeemed for discounts on a wide variety of products and services. The prime one is travel miles which give the card its name, but travel is just one of the many features. The points can be used for everything from theme park admissions to hotel accommodations. The very first purchase made with the card results in 1,000 free points. After that you receive 1 point for every $1 charged on the card up to a total of 75,000 per year. The points must be redeemed within five years of being earned.
This excellent reward system with the MilesEdge credit card is just an example of the types of reward programs and low APR incentives available to people with good credit scores within the competitive credit card market. It provides even further proof of the importance of maintaining good credit. Regardless of your credit standing, however, there is a credit card that is right for you. From secured and prepaid credit cards to the MilesEdge card, it is a matter of shopping around and finding the one that is right for you.