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
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