Lending & Investments

Question 1

Credit Card Rewards Rewards Structure: Max Cash

Answer 1

5% cashback on first $2,000 spent on eligible purchases in 2 categories per quarter
2% unlimited cashback on 1 category
1% cashback everything else

Question 2

Credit Card Intro Perks: Max Cash

Answer 2

0% interest first 12 months on BALANCE TRANSFERS
$150 bonus after $500 eligible spent in first 90 days

Question 3

Credit Card Annual Fee : Max Cash

Answer 3

$0 Annual Fee

Question 4

Credit Card Rewards Structure: Everyday Rewrds

Answer 4

4x pts dining, take out, food delivery
2x pts grocery, gas, streaming
1x pts all eligible purchase

Question 5

Credit Card Intro Perks: Everyday Rewards

Answer 5

0% interest first 6 months on Purchase and Balance Transfers
1500 bonus pts after $500eligable spent in first 3 months

Question 6

Credit Card Annual Fee: Everyday Rewards

Answer 6

$0 Annual Fee

Question 7

Credit Card Rewards Structure: Platinum Card

Answer 7

None - meant as a credit building tool, good for balance transfers

Question 8

Credit Cards Intro Perks: Platinum Card

Answer 8

0% interest first 15 months on purchase and balance transfers

Question 9

Credit Card Annual Fee: Platinum Card

Answer 9

$0 Annual Fee

Question 10

Loan to Value Equation

Answer 10

Combined LTV = (existing loan Bal + New loan Bal) / Value of collateral
or
LTV = Existing Loan Bal / Value of collateral

Question 11

Calculate Max HELOC Amount

Answer 11

AB Max DTI is 90%, ideal is 80%

Home Value + LTV = Max LTV

Max LTV - Existing Loan = Max HELOC Amount

Question 12

Collateral: Cash Secured Loan

Answer 12

AB held deposit account
Loan matches account amount

Question 13

Term/Interest Rate: Cash Secured Loan

Answer 13

Product Rate + Margin = Fixed Rate
60 Months max term
CD Secured Loan = CD Term

Question 14

Loan Amount: Cash Secured Loan

Answer 14

$1,000 - $100,000

Question 15

Disbursal : Cash Secured Loan

Answer 15

Lump Sum

Question 16

Payments: Cash Secured Loan

Answer 16

Fixed Monthly

Question 17

Collateral: Vehicle Loan

Answer 17

Car/RV > 100,000 miles
First Lien

Question 18

Term/Interest Rate: Vehicle Loan

Answer 18

Fixed Rate
7-72 Month Terms

Question 19

Loan Amount: Vehicle Secured Loan

Answer 19

$5,000 - 60 Mo Max Term
$15,000 - 60-72 Max Term
Max Loan Amount $100,000

Question 20

Disbursal : Vehicle Loan

Answer 20

Lump Sum

Question 21

Payments: Vehicle Loan

Answer 21

Fixed Monthly

Question 22

What AB Loans come with Fees?

Answer 22

Vehicle Loan - Title/Lien costs

Question 23

Collateral: Premier Line of Credit

Answer 23

None

Question 24

Term/Interest Rate: Premier Line of Credit

Answer 24

Variable Interest Rate
36 months

Question 25

Loan Amount: Premier Line of Credit

Answer 25

$5,000 - $25,000
Cannot exceed 20% DTI

Question 26

Disbursal: Premier Line of Credit

Answer 26

Line of Credit
ODP, check or transfer to deposit account

Question 27

Payment: Premier Line of Credit

Answer 27

$50 or accrued interest (whichever is greater)
Balloon payment at end of term
Additional principle payments allowed

Question 28

Collateral: Checking Reserve Line of Credit

Answer 28

None

Question 29

Term/Interest Rate: Checking Reserve Line of Credit

Answer 29

Fixed
exists with checking account relationship

Question 30

Loan Amount: Checking Reserve Line of Credit

Answer 30

$500 - $2,500

Question 31

Disbursal: Checking Reserve Line of Credit

Answer 31

ODP

Question 32

Payment: Checking Reserve Line of Credit

Answer 32

3% or $15 (whichever is greater)
Auto debit 24 day STM Cycle

Question 33

Collateral: Unsecured Personal Loan

Answer 33

None

Question 34

Term/Interest: