Bank of America Credit Card Offers Double Rewards for Medical Expenses
By Justin McHenry
Bank of America and pharmacy benefits management company MedImpact have announced a partnership to offer MedImpact’s customers a suite of health-related services, including a Bank of America credit card that will offer double reward points when used to pay for medical services and pharmaceuticals.
The co-branded credit card includes Bank of America’s well-known WorldPoints program, allowing points to be used for merchandise, travel rewards, or cash back. In addition, however, this card will also allow reward money earned to be deposited into a Health Savings Account, or HSA, an investment vehicle with funds earmarked for future medical expenses.
The credit card is part of an overall package of offerings MedImpact is introducing in conjunction with Bank of America, including HSAs, Flexible Spending Accounts, Health Reimbursement Arrangements, debit cards, account and claims administration, marketing, communication and education services.
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1.Discover® More Card - 0% APR on balance transfers for 12 months & 6 months on purchases, 5% cashback bonus in popular categories, up to 1% cashback bonus on all other purchases
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2.Chase Freedom Card - 0% Intro APR and no Annual Fee, 5% bonus cash back in popular categories , 1% cash bank on everything else
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3.Citi® Platinum Select® MasterCard® - 0% on purchases & balance transfers for Up to 18 months, APR as low as 9.99% variable. $30 statement credit.
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4.Blue Cash® from American Express - Earn up to 5% cash back on gas, groceries and drug store purchases, and up to 1.5% back on all other purchases, no annual fee, fast approval under 60 seconds
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6.American Express® Gold Card - 10,000 American Express Membership Rewards bonus points when you use the card for at least $500 in purchases within the first 3 months.
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7.TrueEarnings® Business Card from Costco & American Express - 4% cash back for annual gas purchases up to $6,000, 3% restaurants, 2% travel, 1% everywhere else, 0% APR on purchases for first 6 months
