Home > > Bank of America Financial Rewards Visa Platinum Plus

Bank of America Financial Rewards Visa Platinum Plus

Card issued by FIA Card Services, NA.
Earn points towards cash back
Mini Card available
0% for 6 billing cycles on balance transfers and cash advance checks with a 3% balance transfer fee ($10 min.)
Earn 5 bonus points with your first purchase.
Points do not expire for 5 years
Online Banking Service
Total Security Protection®
No Annual Fee

EARN POINTS FOR CASHBACK with the
Financial Rewards® Visa® Platinum Plus®
Key benefits
* Earn 1 point for every $100 you spend in net purchases per billing cycle (up to 600 points per calendar year)
* Receive 5 bonus points after your very first net retail purchase
* Receive another 5 bonus points for every $2,500 in balance transfers per billing cycle (up to 25 per billing cycle)
* Points don't expire for five years
* When you redeem, one point equals one dollar
* Receive your rewards in the form of a check written directly to you or a direct deposit made to your Bank of America checking or savings account
Pricing
* No annual fee
* 0% for 6 billing cycles on balance transfers and cash advance checks with a 3% balance transfer fee ($10 min.)
* After your introductory rate expires, you will receive a variable APR on purchases and balance transfers, currently Prime + 5.99%. Please note that you will lose your introductory rate if you exceed your credit limit or are late with a payment
* All payments you make will be applied to lower rate balances first
* No balance transfer fees
Platinum Plus benefits
* Online Banking service***
* Total Security Protection®, our free package of security features, including zero liability from unauthorized card use***
* Travel and emergency assistance***
* Automatic auto rental insurance***
* Purchase Replacement***
* Purchase Guard***
* Cash advance checks at no extra charge***
* Additional cards at no extra charge
2

DID YOU KNOW?

	With rampant consumerism being advocated and advertised, the "enjoy today, pay tomorrow" attitude is the "in thing". Every manufacturer is trying to get money out of your pocket, and most of them succeed too! They make it sound as if it's no big deal and as if it's going to be child's play to repay the debt. In fact, the repayment part is made to appear only incidental and of not much importance. And most people do fall for the bait. But this they realize only when it's too late- when the bills accumulate, the interest amounts become overwhelming and when creditors come knocking at their door. And it's then that people wonder if the "goodie" they enjoyed on borrowed money was at all worth it! And they seek help desperately! Most people are not qualified enough to manage or handle their debts independently. In fact, their lack of knowledge only compounds their problem. Taking advantage of this scenario, a number of professional "debt-helpers" have sprung up all over the country. Just search the web and you'll find hundreds of such professionals promising you a debt-free life. There are some who are even conducting regular seminars on this subject! All for a fee, of course! The question is, are these professionals any help? Or does one end up more in debt with their not-too-modest fee? Well, some of these professionals truly know their subject. But then there are many black sheep as well. The question is, is there any way to find out which is which? And, unfortunately, the answer is "No". You need to be careful while selecting one. Look out for those that make tall promises. If their claims sound too good to be true, in probability they are! The best thing would be to hire someone who has helped someone you know. Or at least someone who is recommended by someone you know. These professionals have, on their websites, people talking about how their problem was solved. If one of these people is in your city, talk to them. These professionals help you in making a structured repayment to suit your income flows. They can calculate exactly how much you will need to pay and how long it will take you to become 100% debt-free. They will negotiate on your behalf with your creditors and try to extract a favorable deal for you. Some fines and penalties may even be waived. They even show you, through calculations why it is not wise to put money in a savings account and how to better utilize that money. But then, if you think you don't trust these people, then the only alternative is to educate yourself. Buy books on the subject. Talk to people who have repaid their debts. Form local groups and hold meetings where members put forth their ideas and experiences. Even talk to some of your creditors if necessary. After all, it does pay to increase your financial intelligence! And it's never too late to start learning!

Not all credit cards are created equal. There are many various types of credit cards, and if you are looking to apply for a credit card, it may be difficult to decide which type of card is best for you.

In this article, we will look at several popular types of credit cards, to help you figure out which type of credit card meets your unique needs.

Low-Interest Credit Cards These credit cards are often useful if you are currently carrying a balance on some of your current credit cards. Low Interest credit cards, also know as balance transfer credit cards, are offered at significantly lower interest rates than what you may be used to. They are good for transferring balances to a new card at a lower rate. Often times, this will allow you to pay off your balance in a shorter amount of time, and for less interest.

Rewards Credit Cards As the credit card industry becomes more and more competitive, companies are scrambling to get and keep cardholders and they are willing to bribe you to use their cards. This is where rewards cards come in. Each program has their own rules, but they all work in a similar fashion. By using your rewards credit card, you accumulate points that can then be redeemed for prizes, and sometimes even cash. There are many options available as to what type of reward cards you can choose. If you use credit cards frequently anyways, you might as well get something for it, right?

Bad Credit Credit Cards Even if you have poor credit, you can still be approved for a credit card. Now, credit cards offered to people with bad credit often times have much more restrictive terms, higher fees, lower limits and a higher interest rate. If your credit is particular poor, you may have to go with a secured credit card where by you put down a security deposit, or prepay your credit limit. Why do that? Because, by using one of these credit cards and diligently paying your bill on time, you can actually improve your credit and before long you will be eligible for lower rates through a traditional credit card.

Student Credit Cards These credit cards often have a lower limit than their more grown up counterparts, making them a perfect "starter" credit card for students. Young people can learn how to control debt without the risk of getting in too deep. As you can see, there are nay choices in credit cards.

By choosing the right credit card for your particular situation, you can build your credit in a responsible way and enjoy perks that suit your lifestyle.