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Managing spending
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Credit & debt management
Merrill Investing
Goal management

En español

Credit & debt management Get ahead of debt

You’re looking to borrow money. Lenders are looking at your credit. Bank of America can help you navigate it all—from understanding the ins and outs of credit to helping you build or rebuild your credit.

Understanding credit
Keeping tabs
Helpful habits
Paying down debt

Understanding credit Know your credit score. Know your borrowing potential.

First things first, know what goes into a credit report. As a Bank of America credit card customer, you can access your FICO® Score¹ for free. There are also steps you can take to help improve your credit.

Learn more at Better Money Habits®

Illustration of a phone with a FICO credit score chart screen

Keeping tabs on your credit

Be aware

Set alerts² for unusual activity and more.

Phone with a screen of Advanced Security chart

Monitor security

Help secure your accounts by activating more security features and tools.

Phone with text screen asking Erica® to see duplicate charges

Watch your bill

Does something look off? Erica®³, your virtual financial assistant, can alert you of duplicate charges so you can dispute them.

Illustration of three different credit cards

Helpful habits Working in your favor

Bank of America offers an array of credit cards. You can choose which one works best for your situation—from low interest rates to a variety of rewards. Can’t decide? Maybe having more than one is right for you.

See credit card options

Learn more at Better Money Habits®

A beneficial card

If a traditional credit card isn’t available to you at this time, a secured credit card is a great alternative that can help you get your credit back on track.

On time, all the time

Paying your credit card bills on time is essential. And with Mobile and Online Banking, you can do it from almost anywhere.⁴ See how.

Get rewards

If you are a Bank of America Preferred Rewards® member, you may be able to earn more rewards with eligible credit cards.⁵

PAYING DOWN DEBT
All progress is good progress

Both credit card and secured debt are common. Fortunately, there are several ways to help you reduce them.

Learn more at Better Money Habits®

A couple smiling and shaking someone’s hand

Guidance & negotiation

A credit counselor may be able to help you with multiple debts. You can also talk to your creditors; they may be able to adjust your rate or payment plan.

A woman holding her laptop and on the phone in her house

Consolidate

High interest rates make it even harder to pay down debt. In that case, a balance transfer can be helpful. A Bank of America home equity line of credit could get you a more favorable rate to pay down other debts.

A man working on his laptop in his dining room

Reduce payments

Refinancing your mortgage or auto loan could potentially lower your monthly payments.

1

FICO® Score Program. The FICO® Score Program is for educational purposes and for your non-commercial, personal use. This benefit is available only for primary cardholders with an open and active consumer credit card account who have a FICO® Score available. The feature is accessible through Online Banking, the Mobile website, and the Mobile Banking app for iPhone and Android devices. FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries. Data connection required. Wireless carrier fees may apply.

2

Alerts: Device must support ability to receive push notifications. Mobile app alerts are not available for all devices or in our web-based Mobile Banking. Message and data rates may apply.

3

The mobile feature, Erica, is only available in the English language. The feature requires that you download the latest version of the Mobile Banking app and is only available in the Mobile Banking app for select iOS and Android devices. Message and data rates may apply. Your chat may be recorded and monitored for quality assurance.

The screens depicted above are for illustrative purposes only and may not appear exactly as Erica responds in the mobile app.

4

Mobile Banking requires that you download the Mobile Banking app and is only available for select mobile devices. Message and data rates may apply.

5

Preferred Rewards Program Eligibility. You can enroll, and maintain your membership, in the Bank of America Preferred Rewards® program if you have an active, eligible personal checking account with Bank of America® and maintain the balance required for one of the balance tiers. The balance tiers are $20,000 for the Gold tier, $50,000 for the Platinum tier, $100,000 for the Platinum Honors tier, $1,000,000 for the Diamond tier and $10,000,000 for the Diamond Honors tier. Balances include your combined, qualifying Bank of America deposit accounts (such as checking, savings, certificate of deposit) and/or your Merrill investment accounts (such as Cash Management Accounts, 529 Plans). You can satisfy the combined balance requirement for enrollment with either:

a three-month combined average daily balance in your qualifying deposit and investment accounts, or
a current combined balance, provided that you enroll at the time you open your first eligible personal checking account and satisfy the balance requirement at the end of at least one day within 30 days of opening that account.

Refer to your Personal Schedule of Fees for details on accounts that qualify towards the combined balance calculation and receive program benefits. Eligibility to enroll is generally available three or more business days after the end of the calendar month in which you satisfy the requirements. Benefits become effective within 30 days of your enrollment, or for new accounts within 30 days of account opening, unless we indicate otherwise. Bank of America Private Bank clients qualify to enroll in the Diamond Tier regardless of balance, and may qualify for the Diamond Honors tier based on their qualifying Bank of America, Merrill and Private Bank balances. Certain benefits are also available without enrolling in Preferred Rewards if you satisfy balance and other requirements. For details on Bank of America employee qualification requirements, please call Employee Financial Services or refer to the Bank of America intranet site. Employees of companies participating in the Bank of America Employee Banking and Investing Program may be eligible to participate on customized terms should refer to CEBI Program for details.

Credit Card Preferred Rewards Bonus. Certain credit cards are eligible to receive a Preferred Rewards bonus. Enrolled Preferred Rewards members with eligible Bank of America® credit cards can receive a Preferred Rewards bonus of 25% for the Gold tier, 50% for the Platinum tier, or 75% for the Platinum Honors, Diamond or Diamond Honors tier on each purchase. If your card receives the 10% customer bonus, the Preferred Rewards bonus will replace the 10% customer bonus. You will not receive the Preferred Rewards bonus when you redeem your Cash Rewards or Points. The Preferred Rewards bonus for eligible cash rewards credit cards will be applied after all base and bonus cash rewards have been calculated on a purchase. For example, a $100 purchase that earns 3% ($3.00) will actually earn $3.75, $4.50 or $5.25 based on your tier when the purchase posts to your account. For all other eligible card types, a purchase that earns 100 base points will actually earn 125, 150, or 175 points, based on your tier when the purchase posts to your account. The Preferred Rewards bonus is not applied to any account opening bonus, if applicable. The Preferred Rewards bonus also does not apply to the bonus earn for certain programs. This information can be found in the Program Rules associated with those credit cards. Other terms and conditions apply. Please refer to your card's Program Rules for details about how you will receive the Preferred Rewards Bonus. Program Rules are mailed upon account opening and are accessible through the rewards redemption site via Online Banking or by calling the number on the back of your card. View a complete list of ineligible cards.

Investing involves risk. There is always the potential of losing money when you invest in securities. Asset allocation, diversification, and rebalancing do not ensure a profit or protect against loss in declining markets.

Bank of America, Merrill, their affiliates and advisors do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.

This material does not take into account a client’s particular investment objectives, financial situation, or needs and is not intended as a recommendation, offer, or solicitation for the purchase or sale of any security or investment strategy. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees charged, and the rights and obligations of the parties. It is important to understand the differences, particularly when determining which service or services to select. For more information about these services and their differences, speak with your Merrill financial advisor.

Additional information is available in our Client Relationship Summary.

Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC, and a wholly owned subsidiary of BofA Corp.

Banking, mortgage and home equity products are provided by Bank of America, N.A., and affiliated banks, Members FDIC and wholly owned subsidiaries of BofA Corp. Bank of America, N.A. Equal Housing Lender. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.

BofA Global Research is research produced by BofA Securities, Inc. (“BofAS”) and/or one or more of its affiliates. BofAS is a registered broker-dealer, Member SIPC, and wholly owned subsidiary of Bank of America Corporation.

Investment products:

Are Not FDIC Insured

Are Not Bank Guaranteed

May Lose Value

Bank of America, Bank of America Preferred Rewards, the Bank of America logo, Merrill and the Bull symbol are registered trademarks of Bank of America Corporation.

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Bank of America, N.A. Member FDIC. Equal Housing Lender

MAP5876549

Credit & debt management Get ahead of debt

Understanding credit Know your credit score. Know your borrowing potential.

Keeping tabs on your credit

Be aware

Monitor security

Watch your bill

Helpful habits Working in your favor

A beneficial card

On time, all the time

Get rewards

PAYING DOWN DEBT All progress is good progress

Guidance & negotiation

Consolidate

Reduce payments

PAYING DOWN DEBT
All progress is good progress