Page 49 - AAA Magazine – AAA Ohio Auto Club – November 2018

iStock.com/Klubovy
A Closer Look
at 529 College
Savings Plans
Available through states and some educational institutions, these plans let you save up to $15,000 per year for your child’s college costs without having to file an IRS gift tax return. A married couple can contribute up to $30,000 per year. Just remember, an individual or couple’s annual contribution to a 529 plan cannot exceed the yearly gift tax exclusion set by the Internal Revenue Service.
You can even frontload a 529 plan with up to $75,000 in initial contributions per plan beneficiary – up to five years of gifts in one year – without triggering gift taxes.
529 plans commonly feature equity investment options that you may use to try and grow your college savings. You can even participate in 529 plans offered by other states, which may be advantageous if your student wants to go to college in another part of the
Continued on page 48
Earn the rewards, ENJOY THE SEASON
Earn the rewards, ENJOY THE SEASON
Simply spend $500 or more on purchases
$
wiStihmypoluyrsApAenAdM5e0m0beor Rmeowrearodns pVuisrac®hcaaserds
in thewfiitrhsty9o0urdAaAysAoMf eyomubrearcRcoewunatrdospVenisian®gcanrd
get a $75 statement credit .
in the first 90 days of your account opening and
1 get a $75 statement credit1.
Apply today. Visit AAA.comAp/cprleydtiotcdaryd. Visit AAoAr.ycomur/lcorceadlitAcAarAd. or your local AAA.
EARN2 EARN2
3x 2X 1X
3x 2X 1X
points on eligible points on gas, 1 point per $1
travel and grocery store and on all
points on eligible points on gas, 1 point per $1
AAA purchases drugstore purchases other purchases
travel and grocery store and on all
AAA purchases drugstore purchases other purchases
disclosures accompanying the application. 1Statement Credit Offer (Valid 2/28/18 – 11/28/18). You will qualify for a $75 statement credit if you use your new credit card For information about rates, fees, other costs and benefits associated with the use of this credit card, or to apply, visit the website above or your local AAA and refer to the account to make any combination of Purchase transactions totaling at least $500 (exclusive of any fees, returns and adjustments) that post to your account within 90 days of disclosures accompanying the application. 1Statement Credit Offer (Valid 2/28/18 – 11/28/18). You will qualify for a $75 statement credit if you use your new credit card the account open date. Limit 1 statement credit per new account. This one-time promotion is limited to customers opening a new account in response to this offer and will not account to make any combination of Purchase transactions totaling at least $500 (exclusive of any fees, returns and adjustments) that post to your account within 90 days of apply to requests to convert existing accounts. Your account must be open and in good standing in order to receive this offer. Other advertised promotional statement credit the account open date. Limit 1 statement credit per new account. This one-time promotion is limited to customers opening a new account in response to this offer and will not offers can vary from this promotion and may not be substituted. Allow 8-12 weeks from qualifying for the statement credit to post to your account. The statement credit will apply to requests to convert existing accounts. Your account must be open and in good standing in order to receive this offer. Other advertised promotional statement credit generally be applied to your existing balance with the highest APR before being applied to any balances with lower APRs. Receipt of a statement credit does not affect your offers can vary from this promotion and may not be substituted. Allow 8-12 weeks from qualifying for2the statement credit to post to your account. The statement credit will responsibilitytopayyourTotalMinimumPaymentDueshownoneachstatementyoureceivefromus. HowYouEarnPoints:Youearnpointswhenyouuseyourcardtomake generally be applied to your existing balance with the highest APR before being applied to any balances with lower APRs. Receipt of a statement credit does not affect your purchases, minus returns, credits and adjustments (“Net Purchases”). The following transactions are not considered Net Purchases and will not earn points: Balance Transfers responsibility to pay your Total Minimum Payment Due shown on each statement you receive from us. 2How You Earn Points: You earn points when you use your card to make and Cash Advances (each as defined in your Credit Card Agreement), fees, interest charges, fraudulent transactions and certain other charges. 1 Point: Earn 1 point (base purchases, minus returns, credits and adjustments (“Net Purchases”). The following transactions are not considered Net Purchases and will not earn points: Balance Transfers point) for every $1 of Net Purchases charged to the credit card each billing cycle. 2 Points: Earn 2 points (consisting of 1 bonus point and 1 base point) per $1 for Net Purchases and Cash Advances (each as defined in your Credit Card Agreement), fees, interest charges, fraudulent transactions and certain other charges. 1 Point: Earn 1 point (base made with the card at any eligible gas, grocery store or drugstore merchant categories as designated by Bank of America. 3 Points: Earn 3 points (consisting of 2 bonus points point) for every $1 of Net Purchases charged to the credit card each billing cycle. 2 Points: Earn 2 points (consisting of 1 bonus point and 1 base point) per $1 for Net Purchases and 1 base point) per $1 for Net Purchases made with the card through any participating AAA Club when AAA is the merchant of record, or at eligible retail travel merchant made with the card at any eligible gas, grocery store or drugstore merchant categories as designated by Bank of America. 3 Points: Earn 3 points (consisting of 2 bonus points categories as designated by Bank of America. Points Expiration: Points expire 5 years after the month they were earned. Points Forfeiture: If the owner(s) of the card account and 1 base point) per $1 for Net Purchases made with the card through any participating AAA Club when AAA is the merchant of record, or at eligible retail travel merchant voluntarily closes the card account, or if for any reason we close the card account, any unredeemed points associated with the account are subject to immediate forfeiture, categories as designated by Bank of America. Points Expiration: Points expire 5 years after the month they were earned. Points Forfeiture: If the owner(s) of the card account unless specifically authorized by us. Rewards Program Rules: Program Rules containing additional details will be sent to you with your new account materials. Other significant voluntarily closes the card account, or if for any reason we close the card account, any unredeemed points associated with the account are subject to immediate forfeiture, terms apply. Program subject to change. This credit card program is issued and administered by Bank of America, N.A. Visa and Visa Signature are registered trademarks of Visa International Service Association and are unless specifically authorized by us. Rewards Program Rules: Program Rules containing additional details will be sent to you with your new account materials. Other significant used by the issuer pursuant to license from Visa U.S.A. Inc. AAA is a registered trademark of the American Automobile Association. ©2018 Bank of America Corporation ©2018 AAA ARK7VQP8
For information about rates, fees, other costs and benefits associated with the use of this credit card, or to apply, visit the website above or your local AAA and refer to the
terms apply. Program subject to change. This credit card program is issued and administered by Bank of America, N.A. Visa and Visa Signature are registered trademarks of Visa International Service Association and are used by the issuer pursuant to license from Visa U.S.A. Inc. AAA is a registered trademark of the American Automobile Association. ©2018 Bank of America Corporation ©2018 AAA ARK7VQP8