If you have been approved for a Bank of America credit card, but are not sure what to do with it, the following will help. To apply for a bank of America credit card online, log onto this web site. Or, to apply for a bank of America debit card, click on the green Log In Here button on this page. You will also discover helpful bill pay info such as your credit card account number, balance, payment date, and phone number on the Bank of America bill pay page. Below, you will find some frequently asked questions concerning bank of America credit card payment processing.
What are the fees associated with bank of America credit card bill payment processing? They are listed on the payment page. The fees include up to two percent transaction fee, which is applied when processing a single credit card bill. There may also be an amount for late payments, for example up to ten dollars.
Can I pay online? Yes, you can pay online. This option is available for debit card payments only. However, it's not available for a traditional bank of America credit card payment.
Where do I access online banking capabilities? Bank of America provides a special link on its home page to sign up for the bank's email newsletter. This newsletter provides updates about bank of America credit card payment processing. Accessing the bank's website provides additional information.
Can I use my bank of America credit card to make bill pay online? Yes, you can use your debit card and online banking together at the same time. However, the savings account is not allowed as a mode of payment.
Can I transfer my checking or savings account to a Bank of America Credit Card? You can do this with some financial institutions. However, this feature is only available to customers who have online access to the bank's website. It requires activation of a bank of America email ID. So, if you're not online-savvy, don't go for this option.
How do I know that I'm paying the right amount to my bills? When you're paying a bill with a bank of America credit cards, you're only paying the amount you requested. Banks of America uses its own payment system for debit cards and checks. This is not the system used by other financial institutions. Your financial advisor will be able to help you figure out the banking charges on your account.
Will I be charged fees for withdrawing money from a Bank of America Credit Card? Fees for any debit card transaction are usually 10% of the amount you're withdrawing. For online transactions, fees might apply based on the financial institution where you're conducting your transactions. Your financial advisor will be able to provide you with more information. Before making a decision on which bank of America credit cards to apply, make sure you're aware of all charges, fees, and terms.
Am I charged a fee if I miss a payment due date? A few banks of America credit cards include an “missed payment due date” fee. If you want to avoid this fee, simply set your due dates. This also applies to bank of America overdraft protection fees.
What about Balance Transfer Offers? You'll often find a balance transfer offer from a bank of America's credit card issuer. Keep in mind that these offers are often limited to a specific percentage off your balance and will end if you don't maintain a certain minimum balance.
Is it safe to carry a bank of America credit card? Credit card companies are very powerful organizations and have the ability to pass many expensive charges onto you. You'll need to work with your financial advisor to determine if the benefits of a bank of America credit card outweigh the risks.
Is it possible to receive rebates and bonuses on my credit card payment? Yes, it is possible to receive some type of rebates and bonuses on your American Express credit card payment. Many banks of America offer rebates on American Express card purchases up to $30, and some even offer a rebate on just about every purchase you make! Some American Express cardholders actually receive a percentage of their total purchases back. These rebates and bonuses will vary between different bank of America credit card payments, so keep that in mind when deciding which credit card payment to select.