Did you know you can help pay off your mortgage just by using a credit card? Itâ€™s true! The Home Advantage MasterCard from Bank of America lets you earn a variety of rewards for using your card, including payments on your mortgage principal. In this post, weâ€™ll give you general information about the card and what makes it unique.
The Basics of the Home Advantage MasterCard from Bank of America
- 0% introductory APR for 12 billing cycles
- Intro APR applies to balance transfers and cash advance checks
- 9.99% or 15.99% fixed regular APR, depending on your credit
- No annual fee
- Point-based rewards program
- Redeem points for payments toward mortgage
Pay Down Your Mortgage by Using Your Card
If you are looking for a credit card rewards system that is actually useful, the Bank of America Home Advantage MasterCard is for you. It lets you kill two birds with one stoneâ€”you will earn payments toward your mortgage just for using your credit card! Hereâ€™s how it works. You earn one point for every dollar you spend on qualifying purchases. No limit exists on how many points you can earn, and you have five years before the points expire. Best of all, you can arrange for payments to be made to your mortgage provider when you redeem points. Bank of America will make a $50 payment toward your mortgage principal for every 5,000 points you earn.
Earn Mortgage Payments and So Much More
The mortgage payment rewards program is a terrific feature of the Home Advantage MasterCard by Bank of America, but the card also has a lot of other attractive features. For one, you can redeem your points for travel rewards, gift certificates, merchandise, and cash in addition to mortgage payments. Rewards program aside, the Home Advantage card comes with stellar terms and rates. You will enjoy a 0% APR on balance transfers and cash advances for a full 12 billing cycles. For those who qualify, a 9.99% APR will be applied to purchases (15.99% for those without excellent credit). This card boasts no annual fee, which makes it truly unique among rewards credit cards. You will also get traditional cardholder benefits, such as online account access, personal concierge services, and fraud protection.
Click here to apply for the Home Advantage MasterCard from Bank of America today!