Monday, April 16, 2007
Bank of America sucks!!
And I mean that! They became one of my new credit companies when they took over MBNA.
My MBNA card was the very first credit card I got. I got it just a few days after I turned 18 so I've had it for almost 7 years. I have never been late with a payment nor have I ever gone over my credit limit.
So you wanna know why Bank of America sucks?
I get home Thursday night from work and I have a letter from BoA. I open it up and it states that they are raising my interest rate from 9.99% to a variable rate of 24.99%.
No reason why. I have to call a toll-free number to find that out.
At least they gave me a way to "opt-out". I have to send them a letter by May 1 saying I reject these changes. I have completed this.
If I use my card after May 1, then my interest rate will go up to the 24.99%. Good thing I don't use my credit card
My MBNA card was the very first credit card I got. I got it just a few days after I turned 18 so I've had it for almost 7 years. I have never been late with a payment nor have I ever gone over my credit limit.
So you wanna know why Bank of America sucks?
I get home Thursday night from work and I have a letter from BoA. I open it up and it states that they are raising my interest rate from 9.99% to a variable rate of 24.99%.
No reason why. I have to call a toll-free number to find that out.
At least they gave me a way to "opt-out". I have to send them a letter by May 1 saying I reject these changes. I have completed this.
If I use my card after May 1, then my interest rate will go up to the 24.99%. Good thing I don't use my credit card
Labels: Bank of America, interest rates, rip-off, scam
Comments:
Links to this post:
<< Home
Yeah, this happened to me too. I had a fixed 5.9% APR Mastercard with MBNA. BoA switched it to a Prime + 6.99% variable rate. I called them and asked them why they were changed the terms so radically, they said it was business as usual.
I hate BoA, and I hate that what's good for shareholders is almost never good for customers.
I hate BoA, and I hate that what's good for shareholders is almost never good for customers.
# posted by 
:
4/16/2007 9:25 AM
:
4/16/2007 9:25 AM
Dave Ramsey always warns on his radio show about this kind of unscrupulous behavior by the credit card industry.
I'm wondering if Ryan is still alive and blogging.....I got rid of BOA in December for an entirely different reason. I'll probably blog about it soon.
www.dreamy1.wordpress.com
Post a Comment
www.dreamy1.wordpress.com
Links to this post:
<< Home
Subscribe to Posts [Atom]
