EFTA00123628¶
Save on Interest¶
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Consolidate your bills and pay them off faster
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Save money when you transfer higher rate balances
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Get fast access to cash for larger planned or unplanned expenses, like home improvements or car repairs
You have a low promotional rate on your credit card to:¶
Visit bankofamerica.com/bt or call 1.888.515.3308 to transfer non-Bank of America balances or to deposit cash from your card into your checking account.¶
Use these checks to pay other individuals. This offer does not apply to card purchases.¶
| Interest and Fee Information | |
| APR for Check Cash Advances Promotional Offer ID KV00-22100 | 0% Promotional APR through your statement Closing Date in December 2019. When this Promotional APR ends, the APR for these promotional balances will increase to a Check Cash Advance rate of 20.24%. This APR will vary with the market based on the U.S. Prime Rate. |
| Use by Date | Checks must be deposited or cashed by March 8, 2019 for the promotional rate to apply. Any of these checks used after that date will be declined. |
| Fee | 3% of the amount of each transaction(min. $10). |
| Paying Interest | We will begin charging interest on these checks on the transaction date. |
Your account was selected for the following promotional offer based on your account status as of January 2, 2019.$¶
Promotional Offer ID KV00-22100: The Promotional Annual Percentage Rate (Promotional APR) is 0% (.000000% Daily Periodic Rate (“DPR”)). This promotional offer applies to Balance Transfers, Direct Deposit Cash Advances and Check Cash Advances bearing this Offer ID (each an “eligible transaction”). Card purchases are not eligible for this offer. This offer applies to eligible transactions posting to your account beginning January 9, 2019 through March 8, 2019. This Promotional APR ends on your statement Closing Date in December 2019. When this Promotional APR ends, the APR for Balance Transfer promotional balances will increase to a rate that varies with the market based on the U.S. Prime Rate; as of December 31, 2018, this APR is 17.24%. When this Promotional APR ends, the APR for Direct Deposit and Check Cash Advance promotional balances will increase to a rate that varies with the market based on the U.S. Prime Rate; as of December 31, 2018, this APR is 20.24%. Use of an attached check or draft will constitute a charge against your credit account. The transaction date for each Check Cash Advance is the date you or the person to whom the check is made payable first deposits or cashes the check.¶
The transaction fee for Balance Transfers, Direct Deposit Cash Advances and Check Cash Advances is 3% of the U.S. dollar amount of each transaction (min. $10). Minimum Interest Charge $1.50.¶
If you take advantage of this promotional offer, you will be charged interest on purchases made with your credit card. For example, if you transfer $2,000 with this offer and carry this balance, and then use this credit card to make a $500 purchase, your $500 purchase will be charged interest.¶
◇§ See Disclosures on Reverse side.¶
EFTA00123629¶
§ A promotional Annual Percentage Rate (APR) offer may be assigned and applied to your account at various times within a given billing cycle. If you are selected for a promotional offer, the selection will be based on your account status as of that date.¶
Promotional Offers: From time to time, we may make Promotional Offers on certain Balance Transfers, Cash Advances and Purchases. Promotional Offers may include limited-time introductory or promotional APRs that are lower than the non-promotional APRs for those features and may be subject to other conditions. Promotional Offers may include limited-time transaction fees, which may be lower than the standard fees provided in your Credit Card Agreement.¶
Your account must be open with active charging privileges at the time a transaction is processed and you must have sufficient available credit to cover the amount of the transaction and any related fees. There is no grace period for Cash Advances. Interest accrues from the transaction date. The transaction date for each Check Cash Advance is the date you or the person to whom the check is made payable first deposits or cashes the check. The Average Balance Method (including new Cash Advances) as described in your Credit Card Agreement (and on your periodic statement) is used to compute your balance subject to interest rate for Cash Advances and Promotional Offer balances consisting of Cash Advances.¶
You may not use this account to make a payment on this or any other credit account or loan issued by Bank of America, N.A. or its affiliates. Use of these checks as repayment will result in a Returned Payment Fee as described in your Agreement.¶
Non-promotional APRs are subject to change in accordance with the terms of your Agreement, as may be amended (including APR amendments, if any, accompanying this billing statement). These changes may increase your non-promotional APRs. Cash Advances are subject to authorization by Bank of America, N.A.¶
Payments are allocated to posted balances. If your account has balances with different APRs, we will allocate the amount of your payment equal to the Total Minimum Payment Due to the lowest APR balances first. Payment amounts in excess of your Total Minimum Payment Due will be applied to balances with higher APRs before balances with lower APRs.¶
ORIGINAL DOCUMENT¶
| DO NOT WRITE, STAMP OR SIGN BELOW THIS LINE |
| RESERVED FOR FINANCIAL INSTITUTION USE |
ORIGINAL DOCUMENT¶
DO NOT WRITE, STAMP OR SIGN BELOW THIS LINE¶
RESERVED FOR FINANCIAL INSTITUTION USE*¶
Answers to some questions you may have¶
Q. Is there a fee to take advantage of an offer?¶
A. Yes, a transaction fee typically applies (check your offer details). But note that you could still save money on interest with a low rate, even after the fee. If you have questions regarding how much you could save, give us a call.¶
Q. If I use a promotional offer, how will my payments be applied?¶
A. Your card comes with different rates for purchases, balance transfers, direct deposits and checks. Your minimum payment amount will be applied to the lowest rate balance. If you pay more than the minimum, the additional amount will be applied to your higher rate balances.¶
Q. What happens if I still have a balance when my promotional rate ends?¶
A. When the promotional period ends, any remaining balances will be charged the appropriate rate for the type of transaction. Please note, if you use a check to transfer a balance, you might pay a higher rate on any remaining balance after the promotional period ends. Check your statement for current rates.¶
Q. After I transfer a balance, do I need to continue to make payments to my other lender?¶
A. Yes, because transfer times vary. To avoid any fees or other charges, you should continue to make at least the minimum monthly payment until you see the transfer amount credited to your other account.¶
Q. Can I use the available credit on my card to transfer cash to my checking account?¶
A. Yes. The direct deposit feature lets you get cash from your card. Simply go online or call us.¶
Q. Are the enclosed checks protected against fraud?¶
A. Yes. You’re not responsible for fraudulent use of these checks.¶
This credit card program is issued and administered by Bank of America, N.A. American Express is a federally registered service mark of American Express, and is used by the issuer pursuant to a license. Mastercard and World Mastercard are registered trademarks of Mastercard International Incorporated and are used by the issuer pursuant to license. Visa and Visa Signature are registered trademarks of Visa International Service Association, and are used by the issuer pursuant to license from Visa U.S.A., Inc.¶
©2018 Bank of America Corporation¶
INS-06-18-0422.A¶