What's In Your Wallet?

QuickQuote Term Life Insurance Blog

Bank of America recently announced the release of a new credit card designed for its wealthiest clients. The Bank of America American Express Accolades card is available to those with account balances between $100,000 and $3,000,000. Cardholders may redeem points for things such as luxury vacations, dinner and ticket reservations, and cooking lessons with top chefs. The bank will also match up to a $2,500 annual charitable contribution made by a card holder through point redemption.

Before you run out and apply, you should know the card has an annual fee of $295.00. The bank will waive the fee if you participate in certain premier banking programs.

We should also mention the following companies now accept credit cards for the initial premium on a new life insurance policy; in case you were looking for ideas for your first Accolades purchase:

  • American General Life Insurance Company (AIG)
  • Genworth Life Insurance Company
  • Lincoln National Life Insurance Company
  • ReliaStar Life Insurance Company (ING)
  • Transamerica Occidental Life Insurance Company

You can protect your family and earn points at the same time. You’ll have Emeril Lagasse on speed dial before you know it!

Reader Interactions

Ready to get started?

Your quotes are always free.