|
Post by skimobile on Apr 6, 2009 18:44:42 GMT -5
To ANYONE who has a Bank of America (BOA) card ..... I just got a very plain mailing from BOA today. Effective May 1, 2009 (May-Day, which seems appropriate), BOA will be raising the rates of customers of not only new purchases but also prior balances to a much higher interest rate unless you contact or write them to dispute the increase.You can dispute the rate increase and keep your exsting rate but you will not be able to make any additional charges to the card after May1, because if you do your whole account will default to the new higher rate. Just as point of reference. I know I currently have a real good rate of 4.99%. As of 5/1/09, BOA wants to more than DOUBLE my rate to 10.75% I've done a LOT of buisness with Bank of America. Never missed a payment ALWAYS paid over the minimum balance I kept Bank of America because I had an awesome rate. I called, disputed the rate increase, closed the account and told them to take their card and stick it up their.........you get the picture. Even though this is BOA, many other cards are taking this approach in this credit crunch. SNEAKY BAST#rds........ If you have a credit card (who doesn't), be carefull to read any new statements or mailings you may receive from your card company......[/quote]
|
|
|
Post by Team Avanti on Apr 7, 2009 19:24:39 GMT -5
i do not have a credit card
only b/c my credit sucks that bad
|
|
|
Post by fddave on Apr 20, 2009 9:25:31 GMT -5
I have credit cards, but the rate only matters if you carry a balance...
What do you expect, the banks just got huge bail outs, and now they want more...
-Dave
|
|