Credit Cards

[nicemann]

I just setup my account with GMAC Mortgage online so I can follow my account and pay my bills.  I see they offer a credit card too.  Seems like a decent deal.  Was wondering if anyone has ever used it before?

Earn 1% on all net retail purchases when you use your credit card.§

Each time you spend $2,500 on purchases, $25 will be applied directly to your mortgage balance on a quarterly basis.§ Introductory 0% Annual Percentage Rate (APR)† for Balance Transfers and Cash Advance Checks* through your first 12 billing cycles. (subject to a 3% transaction fee, no less than Min $10)

There's no yearly limit to the rewards you can earn!

Reducing your mortgage principal by even two or three hundred dollars a year could save thousands of dollars over the life of your mortgage, and using this credit card will make it effortless!

https://wwwa.applyonlinenow.com/USCCapp/Ctl/redirect?sc=FAA77S&mc=A000002B7I

Message Edited by nicemann on 05-28-2008 06:18 AM

[unknown_entity]

Looks like a B of A application....

[nicemann]

I wish it was, I know I would get approved.

[cheddar]

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unknown_entity wrote:

Looks like a B of A application....

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It kind of is.  From the T&C:

"This credit card program is issued and administered by FIA Card Services, N.A"

Good observation.  The buttons and fields have the same design as those on BofA's site.

Message Edited by cheddar on 05-28-2008 08:36 AM

[nicemann]

So FIA Card Services is a division of BoA?

[cheddar]

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nicemann wrote:

So FIA Card Services is a division of BoA?

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Yes.

 Edit to clarify:  FIA Card Services was formerly MBNA America Bank, which was acquired by BofA in 2005.

Message Edited by cheddar on 05-28-2008 11:15 AM