Question

Why is Bank of America offering a new premium credit card for its high-end customers? explain

Why is Bank of America offering a new premium credit card for its high-end customers? explain

Homework Answers

Answer #1

Here are five reasons to add the Bank of America Premium Rewards Credit Card to your wallet.

1.Diversify Your Rewards

2.Redeem Valuable Travel Credits

3.Score a Large Sign-up Bonus

4.Get a Good Return on Everyday Spending

5.Spread Out Your Applications

The Bank of America Premium Rewards Credit Card doesn’t come with flashy travel perks like lounge access or elite status. Instead, it offers cash-back rewards that are flexible and easy to redeem, and the opportunity to earn a solid return on everyday spending. The sign-up bonus provides a lot of extra value up front, and the card effectively pays for itself through the annual airline credit. If you’re looking to earn points outside of airline and hotel loyalty programs, this card is a good place to start.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
7.30 Credit card fees. A bank wonders whether omitting the annual credit card fee for customers...
7.30 Credit card fees. A bank wonders whether omitting the annual credit card fee for customers who charge at least $5000 in a year would increase the amount charged on its credit card. The bank makes this offer to an SRS of 125 of its existing credit card customers. It then compares how much these customers charge this year with the amount that they charged last year. The mean is $685, and the standard deviation is $1128. (a) Is there...
A bank is interested in determining the mean credit card balance for its customers. From a...
A bank is interested in determining the mean credit card balance for its customers. From a sample of 70 customers, the bank determined: X-Bar = $9312 Sample Standard Deviation = $4007 Calculate the 95% confidence interval.
A bank wishes to estimate the mean credit card balance owed by its customers. The population...
A bank wishes to estimate the mean credit card balance owed by its customers. The population standard deviation is estimated to be $700. If a 99% confidence interval is used and a margin of error of $100 is desired, how many customers should be sampled?
A local bank reviewed its credit card policy with the intention of recalling some of its...
A local bank reviewed its credit card policy with the intention of recalling some of its credit cards. In the past approximately 4% of cardholders defaulted, leaving the bank unable to collect the outstanding balance. Hence, management established a prior probability of .04 that any particular cardholder will default. The bank also found that the probability of missing a monthly payment is .10 for customers who do not default. Of course, the probability of missing a monthly payment for those...
A bank wants to estimate the average credit card balance that its customers owe. The standard...
A bank wants to estimate the average credit card balance that its customers owe. The standard deviation of the population is estimated at $ 300. If a 98% confidence interval is used and a $ 75 interval is desired, how many should be sampled? a.87 b.212 c.629 d.44
10. A bank wonders whether omitting the annual credit card fee for customers who charge at...
10. A bank wonders whether omitting the annual credit card fee for customers who charge at least $2,500 in a year will increase the amount charged on its credit cards. The bank makes this offer to a simple random sample of 200 of its credit card customers. It then compares how much these customers charge this year with the amount they charged last year. The mean increase in the sample is $346 and the standard deviation is $112. Give a...
Grand Opening Bank is offering a​ one-time investment opportunity for its new customers. A customer opening...
Grand Opening Bank is offering a​ one-time investment opportunity for its new customers. A customer opening a new checking account can buy a special savings bond for ​$800 ​today, which the bank will compound at 5.5​% for the next ten years. The savings bond must be held for at least five​ years, but can then be cashed in at the end of any year starting with year five. What is the value of the bond at each​ cash-in date up...
A major store is interested in estimating the mean amount its credit card customers spent on...
A major store is interested in estimating the mean amount its credit card customers spent on their first visit to the chain's new store. Fifteen credit card accounts (n=15) were randomly sampled and analyzed with the following results: X-bar = 50.5 and S = 20. Construct a 95% confidence interval for the mean amount its credit card customers spent on their first visit to the chain's new store. Interpret the results (the interval) you got.
Kmart store chain is interested in estimating the mean amount its credit card customers spent on...
Kmart store chain is interested in estimating the mean amount its credit card customers spent on their first visit to the chain's new store in Mandurah. Fifteen credit card accounts were randomly sampled and analyzed with the following results: top enclose x = $50.50 and S = 20. Assuming the distribution of the amount spent on their first visit is approximately normal, construct a 95% confidence interval for the mean amount its credit card customers spent on their first visit...
Credit Card Sales The Kitchen Store accepts cash, personal checks, and two credit cards when customers...
Credit Card Sales The Kitchen Store accepts cash, personal checks, and two credit cards when customers buy merchandise. With the Great American Bank Card, The Kitchen Store receives an immediate deposit in its checking account when credit card sales slips are deposited at the bank. The bank charges a three percent fee. With the United Merchants Card, The Kitchen Store mails the credit card sales slips to United Merchants’ regional processing center each day. United Merchants accumulates these slips for...