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The Virgin Atlantic American Express® Card from Bank of America - Black, issued by Bank of America, is designed for those who travel frequently with Virgin Atlantic Airways or any of its partners and would like to take advantage of the mileage reward program.

Through the reward program, cardholders earn 3 miles per dollar spent with Virgin Atlantic Airways and one mile per dollar spent on all other purchases. 20,000 bonus miles are applied to the account upon the first purchase. An additional 15,000 miles will be applied to the account every year on the date of the account opening as long as the cardmember reaches $25,000 in spending that year. Miles never expire, and there is no limit to the number of miles that can be earned. Along with earning miles, cardmembers can earn tier points at a rate of one tier point for every $2,500 in purchases made with their card. There is a two point cap on the amount of tier point that can be earned during each month and a 24 point limit for the year. The amount of points a cardmember has determines their status within the rewards program.

The annual fee of $90 is reasonable when you consider how quickly your rewards can add up. There is a 0% introductory rate that applies to purchases, balance transfers, cash advance checks, and direct deposits for the first six billing cycles, and the interest rate is above average for a reward card after the introductory rate expires.

In addition to the rewards program, cardholders can expect various benefits such as purchase protection, auto rental insurance, and various travel and emergency assistance services.

Therefore, those who frequently fly with Virgin Atlantic Airways and plan to take advantage of the rewards program will benefit most from what the Virgin Atlantic Black Card has to offer. (This Credit Card program is issued and administered by FIA Card Services, N.A. American Express is a federally registered service mark of American Express and is used by the issuer pursuant to a license. Virgin Atlantic Airways is a registered trademark of Virgin Atlantic Airways Limited and is used by the issuer pursuant to license. Bank of America and the Bank of America logo are registered trademarks of Bank of America Corporation.)

Type of card: Personal

Introductory apr rate description: 0% APR for 6 Billing Cycles

Introductory apr months: 6

Purchases apr rate: $13.99

Cash apr rate: $20.99

Fee: $90.00

Miles per dollar: 1.5 Miles

Best: Travel rewards program; no limit on miles; low introductory rate

Worst: Annual fee

Perks: Various Internet account related services. Get 10% Off Published Virgin Atlantic Premium Economy Fares Until December 31, 2008. Access to Virgin Atlantic Plastic Fantastic program. Personal concierge services. Identity theft protection. Purchase protection. Extended warranty for purchases. Emergency assistance for medical, legal, personal, and travel matters. 24-Hour emergency roadside assistance. Up to $500,000 in travel accident insurance. See website for additional benefits.

Notations: Balance Transfers, Check Cash Advances, and Direct Deposits are subject to a 3% transaction fee, no less than $10. Intro APT will end if late or overlimit. Payments are applied to lower rate balances first. *See website for complete terms and conditions of card usage and application disclosure. *Terms and Conditions.

Additional description:

• 20,000 Flying Club Bonus Miles After Your First Retail Purchase
• Earn 3 Miles Per $1 Spent on Virgin Atlantic Purchases
• Earn 1.5 Miles Per $1 Spent in Retail Purchases
• Earn Up to 2 Tier Points Per Month for Accelerated Flying Club Status
• Earn Up to 15,000 Additional Bonus Miles Upon Anniversary
• Earn 2,500 Bonus Miles for Each Additional Cardmember Added (Max 2)
• Redeem Miles for Travel on Virgin Atlantic or With Other Flying Club Partners
• Card Issued by FIA Card Services, N.A.