|Interest Rates and Interest Charges|
|Annual Percentage Rate (APR) for Purchases|| 0% Introductory APR for the first 12 Statement Closing Dates following the opening of your account. |
After that, your APR will be 14.99% to 22.99%, based on your creditworthiness when you open your account. This APR will vary with the market based on the Prime Rate.
|APR for Balance Transfers|| 14.99% to 22.99%, based on your creditworthiness when you open your account. |
After that, your APR will vary with the market based on the Prime Rate.
|APR for Cash Advances|| 17.99% to 24.99%, based on your creditworthiness when you open your account, for Direct Deposit and Check Cash Advances, and |
These APRs will vary with the market based on the Prime Rate.
| Penalty APR |
and When it Applies
| Up to 29.99%, based on your creditworthiness. |
This APR will vary with the market based on the Prime Rate.
This APR may be applied to new transactions on your account if you:
How Long Will the Penalty APR Apply?: If your APRs are increased, the Penalty APR will apply indefinitely.
|How to Avoid Paying Interest on Purchases||Your due date is at least 25 days after the close of each billing cycle. We will not charge you any interest on purchases if you pay your entire balance by the due date each month.|
|Minimum Interest Charge||If you are charged interest, the charge will be no less than $1.50.|
|For Credit Card Tips from the Consumer Financial Protection Bureau||To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at http://www.consumerfinance.gov/learnmore|
|• Purchases|| Purchases of wire transfers from a non-financial institution: |
Either $10 or 5% of the amount of each transaction, whichever is greater.
|• Balance Transfers||Either $10 or 3% of the amount of each transaction, whichever is greater.|
|• Cash Advances|| Direct Deposit and Check Cash Advances: |
Either $10 or 3% of the amount of each transaction, whichever is greater.
ATM, Over-the-Counter, Same-Day Online and Cash Equivalent Cash Advances:
Either $10 or 5% of the amount of each transaction, whichever is greater.
Overdraft Protection Cash Advances (if enrolled):
$10 for each transaction (not assessed if checking account overdrawn by less than $10).
|• Late Payment||Up to $35|
|• Returned Payment||Up to $25|
More Information about Penalty Fees and Penalty APR
Penalty Fees: If your Total Minimum Payment Due is not received by your Payment Due Date, a Late Payment Fee of $25 will be assessed; $35 for subsequent occurrences that are within 6 billing cycles of a previous occurrence. However, the Late Payment Fee will not exceed the total minimum payment that was due. If your balance is $100 or less on the Payment Due Date, we will not assess a Late Payment Fee. The Returned Payment Fee will not exceed the total minimum payment that was due.
Penalty APR: Your Penalty APR will not exceed 29.99% on new transactions. There is no Penalty APR on existing balances.
The words “you” and “your” apply to each person who submits the application. You have read the accompanying application, and you affirm that everything you have stated is true and complete. You are at least 18 years of age or you are at least 21 years of age if a permanent resident of Puerto Rico. You authorize Bank of America, N.A. (hereinafter “us” or “our”) to obtain your credit report(s), employment history and any other information in order to approve or decline this application, service your account, and manage our relationship with you. You consent to our sharing of information about you and your account with the organization, if any, endorsing this credit card program. You authorize us to share with others, to the extent permitted by law, such information and our credit experience with you. In addition, you may as a customer later indicate a preference to exempt your account from some of the information-sharing with other companies (“opt-out”). If you accept or use an account, you do so subject to the terms of this application, the “Details of Rate, Fee and Other Cost Information” and the Credit Card Agreement, as it may be amended; you also agree to pay and/or to be held jointly and severally liable for all charges incurred under such terms. Any changes you make to the terms of this application will have no effect. You understand that if your application is approved with a credit line that is greater or equal to $5,000, you will receive a Visa Signature® account; if your credit line is less than $5,000, you will receive a Platinum Plus® account. The benefits for Platinum Plus accounts differ from Visa Signature accounts. You also understand that the Annual Percentage Rate you receive will be determined based on your creditworthiness. You understand that only a portion of your Total Credit Line will be available for Bank Cash Advances. You accept that on a periodic basis your account may be considered for automatic upgrade at our discretion. You consent to and authorize us, any of our affiliates, or our marketing associates to monitor and/or record any of your phone conversations with any of our representatives. If additional development is necessary based on the application information provided, we will make every attempt to contact you.
Deposit Account Information. The minimum deposit required to open a new Bank of America personal checking or savings account is subject to the opening deposit requirements of the specific account being opened. Eligible checking and savings accounts include, but are not limited to, our interest-bearing personal checking account, which requires a minimum opening deposit of $100, and Regular Savings, which requires a minimum opening deposit of $25. Annual Percentage Yields (APYs) for these and other deposit accounts, accurate as of today’s date, can be found by selecting the account at www.bankofamerica.com/deposits/bank-accounts.go. Rates may change after the account is opened and may vary by state. If the account earns interest, fees could reduce earnings on the account. Some accounts, services, and fees vary from state to state. Please review the Personal Schedule of Fees for your state, available at www.bankofamerica.com/feesataglance and your local Banking Center. Bonus Points Offer. You will qualify for 10,000 bonus points if you use your new credit card account to make any combination of Purchase transactions totaling at least $500 (exclusive of any fees, returns and adjustments) that post to your account within 90 days of the account open date. Limit one (1) bonus points offer per new account. This one-time promotion is limited to new customers opening an account in response to this offer. Other advertised promotional bonus points offers can vary from this promotion and may not be substituted. Allow 8-12 weeks from qualifying for the bonus points to post to your rewards balance. The value of this reward may constitute taxable income to you. You may be issued an Internal Revenue Service Form 1099 (or other appropriate form) that reflects the value of such reward. Please consult your tax advisor, as neither we, nor our affiliates, provide tax advice. Mobile Banking. Mobile banking requires enrollment through the Mobile App, Mobile Web or Online Banking. View the Online Banking Service Agreement for more information. Data connection required. Wireless carrier fees may apply. Enrollment not available through the Mobile App on all devices.
Alerts. Alerts received as text messages on your mobile access device may incur a charge from your mobile access service provider. Mobile App alerts are not available on select devices. $0 Liability Guarantee. The $0 Liability Guarantee covers fraudulent purchases and payments made by others using your account. To be covered, don’t share personal or account information with anyone. Claims may only be filed by accountholder against posted and settled transactions subject to dollar limits and verification, including providing requested information supporting fraudulent use claim. Text Banking. Bank of America does not charge for Text Banking. However, your mobile service provider may charge for sending and receiving text messages on your mobile phone. Check with your service provider for details on specific fees and charges that may apply. Card Benefits. Certain restrictions apply to each benefit. Platinum Plus® card benefits differ from Visa Signature® card benefits (i.e., coverage amounts vary and some benefits are not available). Details accompany new account materials. Overdraft Protection. Overdraft transfers to your eligible Bank of America checking account from your credit card account will be Bank Cash Advances under your Credit Card Agreement. Transfers will be subject to the terms of both your Credit Card Agreement and the account agreement(s) and disclosures governing your Bank of America checking account. If you link your Bank of America checking account to your credit card for Overdraft Protection, we will automatically transfer funds in multiples of $100 from your credit card account to cover any overdraft on your checking account, as long as the portion of credit available for cash on your credit card account is sufficient and you are not in default under your Credit Card Agreement. A fee of $10 will apply for each transaction. The fee will not be assessed if your checking account is overdrawn by a total amount less than $10, after we finish processing for the day. The Bank Cash Advance will accrue interest at the APR stated in your Credit Card Agreement. If the portion of credit available for cash on your credit card account is insufficient to cover the amount required by the overdraft (in the multiple of funds stated above), we may advance the funds even if it causes your credit card account to exceed your Cash Credit Line. Linking Overdraft Protection from your Bank of America checking account to your credit card will end any Overdraft Protection connections to your Bank of America savings account. Please see your Credit Card Agreement for additional details.
The Bank of America® Privacy Notice is available at www.bankofamerica.com and accompanies the credit card.
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