Sunday, March 30, 2008

How Secured Card works

Your new Bank of America credit card can help you establish a credit history that will benefit you now and in the future.

  • You deposit anywhere from $300 up to $10,000 into a Bank of America security deposit account. Your credit line will directly reflect the amount of your deposit.
  • You can then make purchases with your card up to the amount you have in your security deposit account.
  • You must pay at least the minimum payment before the due date each month. Paying off your credit card balance in full each month instead of carrying a balance may help. Your security deposit does not cover minimum payments.
  • Based on your credit and payment history, you may qualify for an unsecured card at a later date.2

Value and pricing

  • Credit lines available from $300 to $10,000
  • $29 annual fee

Secured benefits

  • Online Banking service***
  • Total Security Protection®, our free package of security features, including zero liability from unauthorized card use if you notify us promptly***
  • Travel and emergency assistance***
  • Automatic auto rental insurance***
  • Purchase Replacement***
  • Purchase Guard***
  • Convenience checks at no extra charge***
  • Additional cards at no extra charge

We reserve the right to change your terms, rates and fees at any time, for any reason, in accordance with the cardholder agreement and applicable law. Please see terms and conditions for important information concerning this offer.

Photo Expressions® Terms and Conditions
  • Bank of America reserves the exclusive right to determine whether to use any submitted photo on the Photo Expressions card.
  • Upon submitting your photo to Bank of America, you represent and certify that you have sole rights to use the photo and have obtained any necessary consent to allow Bank of America to alter, copy, print, distribute, prepare and to use the photo or derivative works of the photo on the Photo Expressions card.
  • You agree to return the Photo Expressions card to Bank of America immediately upon the request by Bank of America.
  • You agree to indemnify and hold harmless Bank of America from all claims that arise from Bank of America using the Photo Expressions card.
  • There is no charge to add Photo Expressions to your card nor is there a charge to request a different photo be added to your card.
Credit Protection Plus Terms and Conditions

Credit Protection Plus ("the Plan") is an optional product available on your Bank of America credit card account.

Whether or not you purchase the Plan will not affect Your application for credit or the terms of any existing credit agreement You have with Us.

  • Benefits: In return for a Monthly Program Fee, the Plan can credit up to 18 Monthly Benefit Amounts in the event You incur an approved Hospitalization, Disability, Involuntary Unemployment, or Family Medical Leave. You can also receive Three (3) Monthly Benefit Amounts for any approved life Event. in the event of Your Loss of Life, the Plan can credit a lump sum benefit amount equal to the outstanding balance on the Date of Loss or $25,000, whichever is less.
  • Cost: The Monthly Program Fee is 95¢ per $100 of Your Plan Balance up to $25,000. For your convenience, the fee is automatically billed to Your credit card account. During months when there is no balance and no activity Your credit card statement, there is no charge for the Plan that month.
  • Eligibility Exclusions: There are eligibility requirements, conditions and exclusions that could prevent You from receiving benefits under the Plan. Please refer to the Addendum to the Credit Card Agreement for a full explanation of all requirements, conditions and exclusions.
  • Termination: If, at any time during the first thirty (30) days after the date Your protection begins, You cancel the optional Plan, all Plan fees billed to Your account will be refunded via a credit to the protected card. You have the right to cancel the Plan at any time by making a telephonic or written request to the Plan Administrator. The Plan will automatically terminate under the following circumstances: You no longer have the Enrolled Account; Your Enrolled Account is closed due to account charge-off; You suffer a Loss of Life; Your Enrolled Account becomes 4 payments past due, You enter into a repayment plan for the Enrolled Account, or You conduct or attempt to conduct fraud relating to Plan benefits.
  • The Plan Administrator is CSI Processing, LLC at Credit Protection Plus, P.O. Box 34888, Omaha, NE 68134-0888; (800) 242-6806 Monday - Friday, 7:00 a.m. - 10:00 p.m. Central Time.

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