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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
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DID YOU KNOW?

	Cash advance loans are a good option during emergencies when a person's savings will not cover the costs incurred during the emergency. There are many companies that offer cash advances against credit cards and paychecks. The only requirements are that the customer must be an adult and must be employed in a job paying at least $1000 minimum gross payment. Most of these companies ensure that the bank details are verified to avoid complications later. Some companies may also require a void paycheck to be faxed to them at the time of applying for the cash advance online. Interest rates can be pretty high for cash advances. This is because the company recognizes and takes advantage of the customer’s need for cash. Also, it is better to apply for cash advance only if it can be paid back to the company with interest by the specified time. This can sometimes get a discount in the interest. However, if the total amount is not repaid by the decided time, the interest is accrued and increases drastically. This might result in the individual paying a lot interest along with the amount of the loan. Even though these companies take a lot of precautions before advancing cash, there might be cases where the customer might abscond or create problems while repaying the advance. At the bottom level, cash advances are a form of loan, even though they are short-term and are of a considerably lesser amount than long term loans. Hence, in some instances the cash advancing company can file a lawsuit against the customer for creating such problems. Cash advance lawsuits are extremely rare since cash advance companies take extreme care before approving an application for cash advances to protect their interests.

A Mortgage is a long-term loan repaid over a fixed period of time known as a mortgage term. Periods exceeding 5 years are usually regarded as long-terms. Long-term financing is required for procuring fixed assets, for the establishment of new business or for substantial expansion of existing business.

Corporate securities are instruments by which capital is raised by joint stock companies. There are two classes of corporate securities: ownership securities and creditorship securities. Ownership securities are the shares by which the owned capital, also known as venture capital, and risk capital is raised. The shares of a company may be broadly divided into Preference shares and Equity shares.

Preference shares are those which have preferential rights to the payment of dividends during the lifetime of the company, and a preferential right to the return of capital when the company is wound up. All shares that are not preference shares are equity shares, also called ordinary shares. Unlike the preference share, equity shares do not have a fixed rate of dividend.

Creditorship securities, which consist of debentures and bonds, are credit instruments that are widely used by companies to raise funds. The capital raised through creditorship securities is known as debt capital. The term debenture is defined as “a document under the company’s seal which provides for the payment of a principal sum and interest thereon at regular intervals, which is usually secured by a fixed or floating charge on the company’s property or undertaking which acknowledges a loan to the company.”

From the point of view of security, debentures are classified into Mortgage and simple or naked debentures. Mortgage debentures, also called secured debentures, are those which are secured by a charge on the assets or property of the company, whereas simple debentures are those that are not secured by any charge on the assets of the company.