 |
|
|
Home > No Annual Fee > Bank of America PetRewards Visa
Bank of America PetRewards Visa
0% Intro APR for first six billing cycles.
No Annual Fee
Put your pet's picture on your card
Earn points toward veterinary services, pet food discount certificates, and shelter donations
As rewarding as your relationship with you pet. Apply for PetRewards™ Visa® today!
Reward Program Details
- Points per Dollar in net purchases: 2 Points for each dollar at participating veterinary clinics, pet food retailers, farm and feed stores, and neighborhood pet specialty stores and 1 Point for each dollar using your PetRewards Card on everyday purchases.
- Bonus Points: 500 upon first purchase
- Program Rewards: Earn points toward veterinary services, pet food discount certificates, and shelter donations.
- Yearly Limit on points you can earn: 100,000 points
Value and pricing
Put your pet's picture on your card or choose from one of three adorable designs
- 1 point for every dollar you spend on everyday purchases
- 500 bonus points with your first purchase
- Rewards begin at just 750 points
- No annual fee
- 0% fixed introductory annual percentage rate (APR) on purchases and balance transfers (not cash advances) for the first 6 billing cycles.
- After your fixed introductory rate expires, you will receive a variable APR on purchases and balance transfers, currently Prime + 2.99%, 5.99%, 7.99% or 9.99%. 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 the lowest APR balances first
- No balance transfer fees for introductory transfers
Card issued by FIA Card Services, NA.
2
DID YOU KNOW?
|
|
Student Loan Consolidation You worked hard. You studied late nights and spent hours in the library doing research. You took some grueling exams. Now you're finally through with college and out in the working world. Everything's going great, but your monthly student loan payment is huge! It cuts into your entertainment budget. You can't even afford to go out to a nice dinner or take a trip. You sure as heck can't save a down payment for a house, and you're still throwing your money away renting that little apartment. What can you do? There's got to be a way to improve your situation. There may be a way to improve it. You may be able to save a substantial amount of your hard earned salary every month by consolidating your student loans. Then again, this may not be the right choice for you. “Great!”, you say, “I could really use a way to save some money every month.” If you're like most people however, you know little about loan consolidation, student or otherwise. Student loan consolidation is a bit different from consolidating your high interest credit card or auto loans. You don't need to own a home or other real estate to use for collateral for one thing. Your student loans are different from most other loans, they are guaranteed by the federal government. There are two main types of student loans. In one program, the Federal Family Education Loan Program (FELP), students receive money through guaranteed bank loans. This student loan program has been around since the 1960's and many students have taken advantage of it to finance their education. With FELP loans, the lenders are banks or other financial institutions, who loan money to the student. These institutions make a profit from the interest on the loan, while at the same time being protected against loan default by a federal government guarantee. With a newer program, 1993's Federal Direct Loan Program, the money is loaned to student directly through the federal government. This is more affordable for the taxpayer because the federal government is collecting the interest and using it to help underwrite the loan program. The loans are actually provided to students by various companies under direct government contract. The interest rates for both types of loans are fixed and the individual school decides which type of program, FELP or Fixed, they will offer. The FELP is more common, as it allows more services to be provided directly by the lending institution to assist students with their loans. There are possible changes brewing. Rep. George Miller, D-Calif, directed the GAO to investigate ways for the federal government to save money in the student loan program. The GAO's report indicated that the government could save substantial money, possibly as much as $3B a year, by using the Direct student loan program exclusively. Even if changes are made, you will still be able to consolidate your student loans. Why would you want to? You can save substantial money, that's why. Consolidating all you student loans allows you to lock in lower interest rates on all your loans. The interest rate is adjusted each year, and remains fixed for the year. For the 2006 fiscal year (this year) it is at 4.7% for student currently attending school. This is set to increase to 6.8% for fiscal year 2007. This rate increase goes into effect on July 1 2006. PLUS loans will increase from 6.1% to 8.5%. Needless to say, this is a substantial interest rate increase. Avoiding it will save you hundreds of dollars each month. As an example, if you are currently in school and have $45,000 in outstanding debt at the current rates, you are paying about $471/month. If you consolidate, you could reduce this payment to only about $300/month. There is an incentive to consolidate now, if you can benefit from student loan consolidation. Because of a consolidation deadline, each year there is a rush to get the proper paperwork filed by the due date. Typically congress allows a grace period, so if you have filed the paperwork, but it has not been processed, you still receive your consolidation loan at the existing interest rate. This year, because of the 2005 Budget Reconciliation Act, you may not get to enjoy the grace period. There is a strong chance that if you don't have the completed loan in hand by the deadline, it will just be too bad. You will still get your loan, but have to pay the increased interest rate from 2007. To illustrate how this can affect you, take our $45,000 example above. Rather than enjoying the $300/month payment, you could find yourself paying almost $350/month! You need to act now! Student loan consolidating may or may not be the right choice for you, but you need to know. The sooner you determine the correct course of action, the sooner you can get going. If you wait, it may just be too late. |
|
|
|
Maybe you've gone through a divorce and now you're dealing with a lot of high interest credit card debt, or maybe you've fallen behind on your payments after a job layoff. Whatever the reason, you fell behind with your payments, your credit report has suffered for it, and now you’re ready to get back on track. Luck for you, it’s a lot easier to re-build your credit than it was to get out of debt! Here are some great tips that will have your credit report squeaky clean in no time at all! First, you should plan on spending about a year rebuilding your credit report. I can hear some of you groaning—after all it took a few years to get out of debt, right? Yes, but you must understand things from a lender’s point of view—they need to see proof that you are serious about keeping up your credit history. To show your future creditors that you can now be trusted, you will need to re-establish some sort of credit. If you’ve had serious credit issues in your past, you may have to get a secured credit card. These types of credit cards are secured by a bank balance, which will equal the spending limit on the card. The point of them is to build credit when no one else will give you a chance. If you can get a low interest rate card, you should get one and use it for the sole purpose of rebuilding your credit. Another credit reporting building method is to apply for a personal loan, and then pay it according to the terms I’ve outlined below. The biggest thing you can do to rebuild you credit is to pay your payments on time. That means that you can’t be late—not even once. If you are mailing in your payments, be sure to give it plenty of time to not only reach the destination, but also clear the proper processing channels. If you think that you’ve cut it too short, overnight the payment. Don't let anything stop you from getting those payments in on time! Remember that even one late payment can make a difference of whether or not you get that car or home mortgage loan! You should also try to pay more than your minimum payments every month. Ideally, you would pay off your credit card every month, but if you can’t do that, then do pay more than the minimum. For example, if your minimum payment was $50 per month, try to pay at least $65. This will accomplish two things. First, it will make you look better in future lender’s eyes, and secondly, because by doing so, you will paying more toward your principle balance every month, (as opposed to interest), and that will reduce the overall amount that you’ll have to pay. Do all of these things with patience and determination, and you’ll soon find yourself with a credit report that you can be proud of!
Copyright 2007, CreditDexter. All rights reserved!
|
|
|
|
