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Credit Card Fees FAQs

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What is a balance transfer fee?

A balance transfer fee is a fee charged when you move a part or all of the balance from a non-Bank of America account to your Bank of America credit card. Please refer to your balance transfer offer details and your Credit Card Agreement for specific fee amounts.

What's a late fee?

A penalty fee that's charged if the minimum payment due on a credit card account is not received by the payment due date.

What's a transaction fee?

A transaction fee is a fee charged when making certain cash advance transactions, such as bank or ATM cash advances, check cash advances, balance transfers or direct deposits. A transaction fee may also be charged if you have overdraft protection on a deposit account that is tied to your credit card. Please refer to your Credit Card Agreement for specific fee amounts by transaction type.

What happens when my credit card is charged with a returned payment fee?

A returned payment fee is assessed if a payment on your account is returned for insufficient funds or for any other reason, even if it is paid upon subsequent presentment.

Can I set up online alerts or notifications related to my credit card account?

Yes, you can set up an alert that notifies you via email that a credit card payment is due or that your credit card balance is within a specified amount of your credit card limit. To set up alerts or find out more about the alerts available on your Bank of America® account(s), enroll or sign in to Online Banking and select Manage Alerts in the Help & Support tab.

Connect one on one with a credit card specialist