This card is ideal for anyone who uses A.O.L. as their internet service provider. On approval you get a free gift(mine was an Olympus APS camera)and 2500 reward points which can then be exchanged for one month's subscription to A.O.L. (currently worth £15.99).For every £1 spent at the usual visa merchants you get 1 point.When paying your subscription through the card you get double points.As soon as you accumulate another 2500 points they can be swapped for another month's subscription.There are penalties for late payment and exceeding the credit limit(£20 each)but this can be overcome by setting up a direct debit for either full or minimum payment & you can access your account at any time at keyword:aolcreditcards where you can see your current month's spending up to date & also the last six statements if required. Another great advantage is that,unlike many card issuers all the telephone numbers are 0800(free) and if calling from abroad charges can be reversed. There is no annual fee & if transferring a balance from another card there is 0%p.a.for six months, 15.9% thereafter although no interest is payable if the balance is repaid in full by the due date each month. I have had several cards over the years with various reward incentives,but as far as I am concerned this is by far the most beneficial as the points are easy to redeem for immediate benefit.
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Sep 20th, 2002
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