3 Important Facts That You Should Know About Surge Mastercard

by Pustaka Ilmu September 24, 2021 Post a Comment

One credit card popular among consumers struggling with bad credit to rebuild following a bankruptcy case is the Surge Mastercard from Bank of America. Also known as a subprime card, the Surge Mastercard offers applicants of all major credit types easy access to a line of credit. In this credit card article, we offer comprehensive Surge credit card review, which covers some of these cards highlights.

Like all other cards in the Bank of America family, the surge Mastercard from Bank of America features an all-cash back feature. This attractive perk makes it more enticing to those wishing to build credit by showing consistent payment history. However, the interest rates on this type of card are higher than the typical. For these reasons, many subprime customers fail to realize the benefits of raising their credit limit.

Like other cards in the Bank of America family, the surge Mastercard from Bank of America has a range of benefits and perks for consumers with good to excellent credit ratings. For example, it offers free access to your vantage 3.0 score from Equifax. Consumers with poor credit ratings may be hesitant to apply for a card with such a benefit, but rest assured the same benefits apply to those with poor credit. To take full advantage of free access to your score, it is recommended that you obtain your report from all three credit bureaus. Doing so will ensure that you always have access to your scores at all times.

Along with free access to your credit score, the surge Mastercard from Bank of America features low to moderate fees. Bank of America is known for offering generous and affordable fees to its consumers. These fees are designed to make sure you receive the most value out of your bank account, and do not incur excessive fees. This is in contrast to the fees incurred by other credit cards, which are generally very high APR.

The lowest APR charge on the surge Mastercard from Bank of America is zero percent, which can make it an attractive option to many consumers with high interest debt balances. The zero fraud liability makes it easy for cardholders to obtain multiple e-statements from this card without fear of overspending and incurring costly penalties. E-statements are useful in helping to monitor your spending and determine where additional funds could be applied to reduce debt. Bank of America's zero fraud liability guarantees cardholders the ability to reduce debt, while maintaining adequate funding levels in their bank accounts.

There are a few other unique features of the surge Mastercard from Bank of America. Among these include the automatic payments feature and the no late payment fees. With the automatic payments feature, cardholders will receive a payment reminder prior to their due date each month. These notifications allow the cardholder to manage and budget their spending so that they are able to avoid making large charges due to missed payments. This feature is available in all markets and is tailored to the individual cardholder's personal spending pattern and credit score.

The no late payment fees and the zero fraud liability guarantee are also beneficial features of this credit card from Bank of America. Cardholders have the option to pay only the balance in full each month, or to pay only the interest due on the balance. Cardholders will also have the opportunity to pay off the balance at any time up to the first year and pay only the monthly maintenance fee once the introductory period has expired. The monthly maintenance fee charged by the surge Mastercard from Bank of America is also lower than the average interest charged on balance transfers. The zero fraud liability feature offers protection to cardholders and allows them to reduce their financial risk. If a customer is found to be charging purchases that exceed his or her credit limit, the bank will be forced to withdraw cash from the customer's checking account.

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One of the biggest reasons why people use the surge Mastercard from Bank of America is because of its low annual fee and no annual fee for the first year. Cardholders can also benefit from the zero fee credit limit while they pay their balance in full each month. Cardholders have the option to pay off their balance at any time and pay an affordable monthly maintenance fee while they do so. As you can see, this credit card from Bank of America offers great flexibility for those who use it correctly. Cardholders will discover that they can use the bank's subprime cards to manage their expenses and debts better. With the right combination of convenience and affordability, these cards will allow you to eliminate debt and enjoy an effective way to manage your finances.