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bank of america upromise credit card

Bank of America - credit card pushers

Bank of America is put under the microscope for possible unethical business practices.

This App May Let You Retire on Your Spare Change

The Acorns portfolio is purposely simple: Your money gets spread among six basic index funds. The weighting in each fund depends on your risk profile, which you can dial up or down on your iPhone. More aggressive settings put more money in stocks. But you always have some money in each fund, remaining diversified among large and small company stocks, emerging markets, real estate, government and corporate bonds. The app will be available for Android in a few weeks and through a website in a few months.

Why Millennials Are the Target

Micro investing via a mobile device clearly targets millennials, who show great interest in saving but have been largely ignored by financial advisers and large banks. Young people may not have enough assets to meet the minimum requirements of big financial houses like Fidelity, Vanguard, and Schwab. With Acorns, there are no minimums. There are also none of the commissions that can render investing in small doses prohibitively expensive. “We want small investors who can grow with us over time,” says Acorns co-founder Jeff Cruttenden.

Renting a car? Know whether your card adds insurance

You’re standing at the car rental counter, anxious to get on your way, but first you have to deal with the representative who’s pushing you to sign up for the agency’s car rental insurance “just in case.”

Should you?

Most Americans have no idea what to do when offered collision damage waiver (CDW), the expensive add-on coverage offered – often forcefully – by rental car agents. Given the tricky exclusions listed in the fine print of most credit card policies, chances are, they’re even more confused about what their credit cards cover.

We have answers to your big questions – and the questions you need to ask – so you can make an informed decision about whether to pay for the rental company’s coverage the next time you rent a car.  

What does my personal auto insurance cover?

If you own a car, your personal car insurance will likely provide collision and theft coverage, says Michael Barry, spokesman at the Insurance Information Institute, but the coverage isn’t perfect. Most auto insurers won’t cover you if you rent a car overseas, for example, or if you’re using the rental for business. So it’s important to call and ask about exclusions. Many policies also decline to pay some of the additional fees that rental car companies typically tack on to the collision bill, potentially leaving you on the hook for hundreds of dollars. Not to mention that you’ll be responsible for paying the deductible. So that’s where your credit card comes in.

UPromise Bank of America Credit Card?

So I applied for one because I paid off my credit debt on credit card that has no rewards or anything.

Generally speaking, yes, that does mean that an aspect of your application raised flags and review is neccessary. From my experience, it is uncommon to apply for a credit card from BOA, receive that message, and later, become approved.

На выгодных условиях автомобиль в аренду в днепре по низкой цене.