Review: AICPA Credit Cards

aicpa-credit-cardNOTE: This credit card has been discontinued. See “What’s the best credit card for me?” to help you choose a different credit card.

The American Institute of Certified Public Accountants (AICPA) offers 3 credit cards to its members, in partnership with Bank of America. We offer an overview / review of each card below:

  • The BankAmericard Cash Rewards Visa Signature credit card for AICPA is really just an existing Bank of American card with the AICPA logo slapped on it, which is fine, but it doesn’t give you any special benefits you couldn’t get otherwise. It’s a nice cash back card that gives you a 3% rebate on gas, 2% rebate at grocery stores, and 1% everywhere else. Note that the the larger gas/grocery reward is capped; purchases beyond $1500 per quarter in those categories revert to a 1% rebate.
  • The AICPA Visa Credit Card With WorldPoints Rewards is unique to AICPA. It is a standard points reward cards, meaning you earn points you can redeem for travel, gift cards, cash back, etc. (Each point is generally worth a penny.) You get 5 points per dollar on AICPA purchases, and 1 point per dollar on other purchases. If you reach $12,500 per year in spending with the card, all further purchases will give you 1.5 points per dollar.
  • If you’re interested in a credit card for your business, the AICPA Visa Business Card with WorldPoints Rewards is your choice. It is basically the same as the consumer version, though actually a tad worse. It gives you the 5 points on AICPA purchases, 1 point on all other purchases. You can also qualify to get 1.5 points per dollar after you’ve spent $25,000 with the card in a year — twice the spend necessary to reach this higher level on the consumer card.