HTR-40748

of 2
4 views
PDF
All materials on our website are shared by users. If you have any questions about copyright issues, please report us to resolve them. We are always happy to assist you.
Document Description
Changes to your credit card statement We recently made changes to your Credit Card Agreement that affect how information appears on your statement. Your statement will now show four categories of transactions. In addition to Purchases and Balance Transfers, your statement will show Bank Cash Advances and a new category called Direct Deposit and Check Cash Advances. There’s a limit on certain cash transactions for some accounts. Some customers will have a certain portion of their Total Credit Lin
Document Share
Document Tags
Document Transcript
  Changes to your credit card statement We recently made changes to your Credit Card Agreement that affect how information appears on your statement. Your statement will now show four categories of transactions. In addition to Purchases and Balance Transfers, your statement will show Bank Cash Advances and a new category called Direct Deposit and CheckCash Advances. There’s a limit on certain cash transactions for some accounts. Some customers will have a certain portion of their Total Credit Line available for Bank Cash Advances. This limit is called the Cash Credit Line. We will not increase your current APRs as long as you continue to pay on time. If you pay late, we may charge a Penalty APR on new transactions.  ãYour existing balances will not be subject to the Penalty APR. ãThe Penalty APR would only apply to new transactions going forward. ãIf the Penalty APR is applied after a late payment: –We’ll notify you 45 days in advance of the increase. –You can avoid the Penalty APR by not using your account for new transactions. –We’ll review your account periodically to determine if the Penalty APR can be reduced.As a reminder, any amount you pay over the minimum payment will be used to pay down your balances with the highest APRs rst. What’s different on your statement The illustration below highlights what sections have been updated.    Bank Cash Advances A Bank Cash Advance is when you use youraccount for a loan, such as when you withdraw cash at an ATM, transferfunds from your credit card for Overdraft Protection or use your creditcard for money orders.Since only a portion of your Total Credit Line is available forBank Cash Advances, it’s important to keep track of the remainingamount that you can use for Bank Cash Advances.  Direct Deposit and Check Cash Advances This new category of cashadvances includes   writing access checks or calling us to transfer fundsdirectly from your credit card to a deposit account.  Total Credit Line This is the amount of credit available for your account.The portion available as of your statement closing dateis shown as your “Total Credit Available.”   Cash Credit Line This is the portion of your Total Credit Line that youcan use for Bank Cash Advances. The portion available as of yourstatement closing date is shown as your “Portion of Credit Availablefor Cash.”Your Total Credit Line and Cash Credit Line are shown on eachmonthly statement.   Interest Charge Calculation The amount you pay in interest is basedon the type of transaction, and your statement now includes fourtransaction types:ã Purchasesã Balance Transfersã Direct Deposit and Check Cash Advancesã Bank Cash AdvancesYour current APRs for Cash Advances will be applied to Bank CashAdvances as well as Direct Deposit and Check Cash Advances.  Promotional Rate End Date The date your promotional rate will endis also shown.     Account Summary Previous Balance .........................$XX,XXX.XXPayment and Other Credits ............ —XXX.XXPurchases and Adjustments .............. XXX.XXBank Cash Advances ......................... XXX.XXDirect Deposit and Check Cash Advances ..................................................................XXX.XX Fees Carged ..................................... XX.XXInterest Carged ................................ XX.XX New Balance Total ...................... $XX,XXX.XXTotal Credit Line ...........................$XX,XXX.XXTotal Credit Available .....................$X,XXX.XXCash Credit Line ............................$X,XXX.XXPortion of Credit Available for Cash .$X,XXX.XXStatement Closing Date .....................X/XX/XXDays in Billing Cycle ...................................XX   Bank of America and the Bank of America logo are registered trademarks of Bank of America Corporation.© 2011 Bank of America Corporation All rights reserved. INS-03-11-0772_BAC HTR-040748 <AADCBAACDBBACBC>
We Need Your Support
Thank you for visiting our website and your interest in our free products and services. We are nonprofit website to share and download documents. To the running of this website, we need your help to support us.

Thanks to everyone for your continued support.

No, Thanks
SAVE OUR EARTH

We need your sign to support Project to invent "SMART AND CONTROLLABLE REFLECTIVE BALLOONS" to cover the Sun and Save Our Earth.

More details...

Sign Now!

We are very appreciated for your Prompt Action!

x