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Wednesday, January 2, 2008 

The introduction of credit cards has brought a revolution in the payment system. The conventi


The introduction of credit cards has brought a revolution in the payment system. The conventional way of purchasing things with cash is done away with and what can be more convenient than buying items on credit and repaying the amount after a month from the day you have bought the item?

Credit cards have made sho ing simple and convenient. And with the number Internet users gradually increasing, the future of online sho ing is bright. It is not an exaggeration to say that online sho ing is experiencing a boom. In such market condition, the use of credit and debit card is going to increase manifold. Buying items and services over the Internet saves time and energy. Rather than standing in a long queue, you can book your tickets or buy things with just a few clicks on your mouse.

One of the market leaders of credit card i uers is Bank of America. In fact, Bank of America is the largest i uer of credit cards in the US. It has surpa ed its nearest rival J.P. Morgan Chase as the largest credit card i uer after its merger with one of the leading credit card i uers - M A.

With this merger, Bank of America Card Services organization has more than 40 million active U.S. accounts. It is worthwhile to take note that Bank of America is also the largest i uer of debit cards.

Bank of America credit cards are one of the most flexible credit cards in the market. Its credits cards are designed to suit exte ive credit situatio and ecial needs of students and big busine men.

One of the most interesting features of Bank of America credit cards is its low A ual Percentage Rate (APR). Though some of the Bank of America credit cards have introductory APR, they are quite low, which is usually 1.9% for a period of usually 6 months. It

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