I really enjoy using this credit card with Bank of America. I've tried using credit cards at other banks before and was met with so many underlying and hidden fees and problems--Bank of America never gives me those problems. I like using this card's reward system--pays out fast and is easy to use. Get a lot of rewards for just doing the things you would usually be doing/paying for. The interest rate is 0 for the first year, and then is about 11-22% for the years afterwards. I know it's a bit high, but it's worth it and a good rate in comparison to some other cards. Over all, I would recommend this card to others that are interested in setting up a credit account. One of my favorites.

I use this Bank of America credit card for general purchases as well as auto payment for several monthly bills. I've always had great customer support, and the points reward is a major bonus. Each year I have approximately $300 worth of reward points built up that make for a nice end of the year bonus. Bank of America is also great when it comes to credit limit increases and fair interest rates. Overall, I would definitely recommend this card.

I have had this Bank of America credit card for going on five years now. It's the main credit card I use for pretty much all of my purchases. I use it mostly because I like the points system it offers, and I tend to cash that out at the end of every year. It's also nice because it's American Express, which means you get extended protection for your purchases. The only downside is that American Express is not taken everywhere, but these days it is taken almost everywhere. The interest rate isn't anything to write home about, but I typically try not to carry any sort of balance on it. Overall, I've been incredibly happy with this card and will continue to use it.

BOA randomly sent me an application for this card a few years ago. I had recently paid off and closed out all of my credit cards because I don't like to carry debt. But, I was interested because I have a Checking and Savings Account with BOA already. My interest rate is what I had on some of my other credit cards, so that's fine. I use the card when I want to make a fairly large purchase, so I accumulate a lot of points. I typically just use the points to get an Amazon Gift Card and give it to my kiddies. There are cards with better reward programs, but for what I need, this card is just fine.

I recently started using my Bank of America American Express about two years ago. The best part about this card is that you can see the account (along with your checking and savings accounts) when you log into BoA's web site. This makes it very simple to pay off. You can simply transfer money from either type account to the credit card account and it is paid immediately. I only use this credit card once every two or three months, for big purchases such as vacations, car repairs and other unforeseen expenses. So far, this has worked out great. I am saving up my accelerated awards points for a trip at the end of the summer. With the points I am planning on purchasing either a hotel room or towards the cost of a plane ticket.

I use this credit card for a lot of things. I do this because I figure, if I have to pay for something, I might as well make points while I'm at it. The interest rate is average for a credit card. The Internet site that goes along with it is really user friendly. I recommend this card. I have made enough points to purchase several Amazon.com gift cards, which come in handy during Christmas time. You really are not going to find a better credit card than this one – it does all that I need my credit card to do.

I got this card because of the term accelerated rewards... that is a joke. However, it's a credit card, you can't expect everything. You charge things, you pay for them. The interest rate is decent, it goes by your credit. The better your credit the batter your interest rate. I have only had to talk to customer service a handful of time for random questions but never for anything serious. I have gotten a credit line increase one time. Which is more than I really needed. I am happy with this card, It does not have an annual fee like most of them do.

This card sounds like a great product by name, but the truth is it lacks in a lot of ways. The accelerated rewards does not really exist as my other cards far out perform in earning rewards and I spend the same amount on them. With the reward aspect not being a good draw you are now left with Bank of America being your draw, and again this falls short. Bank of America is good for small question and issues, but in the end they do whatever is best for them and don't look out for you as the card holder. I would recommend staying away from this card as you can find much better banks and rewards on the market.

As far as I’m concerned, people have three things to consider when deciding whether an everyday rewards card like the Bank of America Accelerated Rewards American Express Card is right for them: 1) How it compares to similar cards currently being offered; 2) How well it complements your spending habits; and 3) How convenient maximizing its rewards offerings will be. So let’s go one by one.

1. How it Compares.

Since the BofA Accelerated Rewards Amex Card only gives you a $50 initial bonus and 1.25 points per $1 spent, it’s rewards really aren’t competitive. You can find cards offering a couple free flights, hotel nights, and up to $500 as initial bonuses; 1.5-2% cash back across all purchases; and up to 6% cash back on major spending categories like gas and groceries.
So if rewards are what youre after I’d go with the Chase Sapphire Preferred Card, the Cap One Venture, the PenFed Platinum Rewards, or the American Express Blue Cash Preferred instead of the Bank of America Accelerated Rewards Card.

2. How it complements.

This card doesn’t offer any special rewards earning rates for specific spending categories, so it complements everyone’s spending the same. This could make it a good everyday rewards card if it had attractive rewards, but since it doesn’t, it’s just a missed opportunity considering that you can save 5% on gas with the PenFed Card or 6% on groceries with the Amex Blue Cash Preferred.

3. Convenience

Im not a big fan of cards that give rewards in points. Cash back rewards are much more straightforward and do not require you to redeem often to avoid seeing your points become worth less when the credit card company ups the number you need for certain rewards. This probably wont be a big deal, but you also cant use Amex cards as many places as you can Visa or MC.
Overall, the Bank of America Accelerated Rewards Amex is a fine card, especially since it doesn’t have an annual fee, but you can do better.

I suppose “Accelerated Rewards” are those that you earn faster, but one would think that this must be relative to something and highly dependant on your spending habits. The Bank of America Accelerated Rewards Credit Card from American Express can’t have gotten its name from a comparison with other cards that offer a certain cash back rate across all purchases though because it only offers 1.25% cash back while the Capital One Cash Credit Card for example offers 1.5%. And if you spend a lot in certain expense categories, you would certainly earn rewards faster with a card that offers elevated rewards in those particular categories than with the Bank of America Accelerated Rewards American Express Card. Maybe the rewards are accelerated relative to other BofA cards or other Amex cards or maybe the card’s name is just misleading. Whatever the case may be, it’s pretty clear that there are better available options for people with excellent credit.

If you want an initial rewards bonus better than the $50 you get with the Accelerated Rewards Credit Card, opt for the Chase Sapphire Preferred. It offers either $625 in travel or $500 in cash. If you want a better base cash back rate, get the previously mentioned CapOne Cash Card. If you want 0% on purchases or transfers, get the Citi Simplicity Card (21 months on both). Like the Accelerated Rewards Credit Card, none of these cards have annual fees during the first year and only the Chase Sapphire Card has one beginning in the second ($95). I’d therefore cross the Bank of America Accelerated Rewards Credit Card from American Express off your list of potential options to apply for.