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  • Bank of America Corp. (NYSE:BAC) Launches Small Business Charge Cards

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    Monday May 16, 2011 at 10:34 am EST
     
    Bank of America Corp. (NYSE:BAC) Launches Small Business Charge Cards
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    If you consider credit rising as a sign of recovery, here’s something more to cheer for you then. Bank of America has come out with a new credit scheme for small businesses, small business charge cards. These cards and terms are developed in partnership with Mastercard®.

    "Our small business clients tell us they need products that offer straightforward solutions," said Chip Rossi, Bank of America Unsecured Borrowing and Small Business Products executive. "Charge cards provide small business owners with another option for their payment needs - combining the convenience of short-term credit with the ability to manage their spending and cash flow."
    Shares of Bank of America Corp. (NYSE:BAC) are trading at $12.02 little bit above the support level of $11.9. Major support levels for Bank of America Corp. (NYSE:BAC) below current price are at $11.9 and at $11.21. Resistance levels above current price are at $12.35, $13.19, $13.55, $14.12 and at $14.57. Shares of Bank of America Corp. (NYSE:BAC) look like a good buy at this price.


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