Carry a balance? This reward card may be for you

I never recommend credit cards, but I do report on new cards with an interesting twist.

Bank of America just rolled out a credit card for people who carry a balance. The Better Balance Rewards card gives cardholders $25 cash back each quarter if they pay more than the minimum required each month and make that payment on time.

The Consumer Advocates I spoke to had positive things to say about this card.

"I actually like this card and I don't say that about a lot of credit cards," says John Ulzheimer is president of consumer education with "It actually rewards consumers for doing the right things, paying more than the monthly minimum requirement and making sure that you're making those payments on time."

The Better Balance Rewards card has no annual fee and the interest rate is zero percent for the first 12 months on new purchases.

The key with a card like this is to keep the new spending in check or you could be worse off than you started - even with a zero percent interest rate

Before you apply for this or any other card, consider your options. Shop around and find the card that's best for you.

For more information

A Reward Card for Those Who Carry a Balance

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