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?

	Getting an insurance is one of those ‘life’ requirements that you should be looking into early in your career, especially now when you are still able to work and earn money. in addition to being better able to pay for the insurance, younger individuals also pay less. This is one of the principles of insurance. Since younger people are less likely to die, they are given cheaper rates as compared to older individuals. Insurance protect financially you and your family in the future. Depending on the kind of insurance that you will choose to get, insurance can even provide for your health concerns, for your retirement and even for your death and burial. But while it is important that we are protected against any unexpected eventualities, some people still shy away of availing insurance on their own, preferring their companies to do it for them. Like legal matters, all those insurance mumbo jumbo tend to confuse and sometimes even frighten people. Here are some of he frequently asked questions about insurance. What are the kinds of insurance? There are two major types of insurance. The life and the non-life insurance. The life insurance, as the name suggests, protects the family of the person in case something happens to him. When a person who is insured dies, the money that he insured will be given to the beneficiary that he has chosen. The non-life insurance is an insurance that protects properties. Under this category, there are several different types. There car insurances, which protect automobiles from wreckage in case of accidents; property insurance, which protects properties especially houses from fire and other forms of destruction; deposit insurance, which most banks have in order to protect their depositors from losing their money in case the bank suffers financial setbacks; and health insurance, which helps in covering for medical and hospital costs. Among the various non-life insurance, the most popular is the health and car insurance. Some insurance also provide for the future. Some of the insurances are retirement plans and death plans, which covers for burial costs. What is the difference between a premium and a face amount? Premium refers to the amount that you have to pay every year for the insurance. Some insurance companies also offer to divide the premium into monthly installments to help their clients. The face amount on the other hand is the amount that you have insured yourself into. For example, if the face amount in your policy is set at $500,000, then your beneficiary will receive $500,000 when you die. What do you mean by double indemnity? Some insurance policy offer an accidental clause that would double the face amount in case death has been established as accidental. This is done to protect the insured’s family in case of an untimely death. Double indemnity means that the face amount will be doubled when death is accidental. Is the beneficiary always the legal spouse? No. Contrary to popular opinion, it is not always the spouse who is the beneficiary. It is up to the person to choose, who he names as beneficiary. It can be any member of the family as long as insurable interest is established. If in case, the children are named beneficiaries and are still not in legal ages, a guardian will be named to assume control of the money for them.

If you have a problem with cash flow, you might consider finding a company that engages in buying invoices to get you on the right track again. Often, through no fault of their own, small and large companies find themselves in a bind because they don't have enough cash to meet debt payments, to pay employees, or to invest in needed materials and manpower in order to bid on lucrative, time-sensitive contracts. In these cases and some others, companies buying invoices from you may be able to help.

Buying invoices is also called factoring. A company, or factor, engages in buying invoices from another company at a discount, taking on the responsibility of collecting payments due. Through this process, the company selling the invoice gets immediate cash flow, and the company buying invoices stands to make a profit.

Most invoices are factored at fees starting at around 1.67% of the total principle for each ten days left in the payment due terms. For instance, if you have invoices that come due in thirty days, the factoring company would buy them from you at a 5% discount, and thus make a 5% profit for a thirty-day investment. Fees are predicated on the creditworthiness of your debtor, not you; thus, a company with a very good record of paying its debts on time and otherwise appearing sound would get you the best terms. If you have a company without strong credit that owes you money, you may find their invoices factored at rates of more like 8% to 10%. Generally, companies that buy invoices will limit the total amount of invoices the hold from you to no more than $100,000, but have no minimum amount.

If you have an invoice in the amount of $200,000, this does not mean you will not be able to find a factoring company that can help you. Instead, the company buying invoices may advance your company a hundred thousand dollars, but when they collect the debt, the will then pay to you the entire advanced amount you qualify for. In other words, you can factor a portion of an invoice if you don't need to factor the whole thing.

When companies are buying invoices, you can count on at least three parties being involved. The first is the seller of the invoice which is your company. The second is the payor of the invoice which is the company you have done business with that owes you money. The third is the broker/funder buying invoices. This third party may be a separate broker and funder, or it may be one company or individual acting as both. The broker would arrange the transaction, and facilitate your receipt of the funds advanced in a timely manner. The funder is the party actually buying invoices; they would use a broker to find appropriate invoices to buy. Brokers who arrange the transaction but who don't fund the transaction generally earn a commission on the transaction.

Typically, the funder buying invoices is the chief risk taker in the transaction, and receives the largest share of your factoring fee. The broker arranging the transaction would receive around ten percent of the fee charged for buying invoices.

When you've found a company buying invoices to work with, it's generally a good idea to maintain the relationship with them. If you find yourself needing cash flow in the future, these companies are much more willing to work with those they've funded successfully in the past, and may even offer you more favorable terms.

Companies buying invoices are generally those with large cash on hand totals, like insurance companies and federally-insured banks. You may also be able to find companies buying invoices overseas, particularly in resource-rich companies like those in the Middle East.