CPA Financial Musings: New BofA card offers cash for paying off debt

So this new card gives the purchaser cash rewards if more than the minimum payment is made each month.  Interesting!  See this article in the Los Angeles Times by E. Scott Reckard:

http://www.latimes.com/business/la-fi-bofa-credit-card-20130305,0,719727.story

I guess the problem with this card is it is targeted to medium credit worthy customers who still will probably carry a balance on the card.  Oh well at least you are being rewarded for paying debt off early.
Remember, for financial, accounting and tax musings,
You can count on us to count for you!


email
bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com

Leave A Comment...

*