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The BankAmericard® credit card is not currently in market.
Mastercard announced a new augmented reality (AR) app today, January 8, that brings card benefits to life. Consumers with a credit card backed by Mastercard can see, explore and access their card benefits through a photo-realistic AR experience.
"By leveraging an intuitive AR design, cardholders can now easily find and fully explore their benefits that otherwise might have been overlooked," Raja Rajamannar, chief marketing and communications officer at Mastercard, said in the press release.
App users will be transported to a 360-degree virtual environment, where a series of interactive portals brings their card benefits to life. Everything from Priceless experiences to safety and security benefits can be viewed via the app.
How the Mastercard AR Card Benefits Experience app works
- Upon launching the app, cardholders will be prompted to scan their Mastercard to start the session.
- Using their phone to scan the area around them, cardholders will see three portals, each one representing a different category: experiences, everyday value and peace of mind.
- To explore a benefit area, cardholders can tap the related portal to launch a fully immersive 360-degree experience which brings that category to life. For example, peace of mind is represented by a spa and everyday value is a stylish home.
- After clicking the portal, cardholders can use their phone to look around the virtual room and discover their benefits, which are each represented by a relevant item. Tapping on a set of golf clubs prompts a pop-up screen where a user can learn about and access the Priceless Golf benefits.
The app will be available in the app store (for iPhones) in the U.S. in the second quarter of 2020, with additional region and device availability coming later in the year.
Currently, Mastercard is the only card network with this capability — Visa, American Express and Discover don't offer a similar feature. Mastercard backs cards from Citi, Capital One and Bank of America.
Mastercard credit cards
What makes the Citi Double Cash® Card special is that it sits near the top of its class in several categories. It is an excellent option if you want flat-rate rewards, a balance transfer intro-APR or no annual fee.
- Balance transfers get a long intro APR
- Generous flat-rate cash-back rewards structure
- Earns transferable rewards
- No annual fee
- It has a foreign transaction fee
- Intro APR only applies to balance transfer
- Points transfer ratios are reduced compared to premium cards
Highlights
Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select's editorial staff.
- Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
- Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, earn 5% total cash back on hotel, car rentals and attractions booked with Citi Travel.
- Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 18.49% - 28.74%, based on your creditworthiness.
- Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
- If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
- There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
Balance transfer fee
There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. A balance transfer fee of 5% of each transfer ($5 minimum) applies if completed after 4 months of account opening.
Foreign transaction fee
3%
While the BankAmericard® Credit Card lacks rewards or notable benefits, it offers a lower intro-fee for balance transfers, which can provide significant savings.
- One of the longest introductory APR periods
- Low intro balance transfer fee
- 3% foreign transaction fee
- No rewards program
Information about Bank of America cards has been collected independently by CNBC Select and has not been reviewed or provided by the issuer prior to publication.
