"To screw you better."
Cheers!
“...notifying some responsible cardholders that it would more than double their rates to as high as 28%...”
Holy crap. Pay off those balances folks.
Isn’t this the bank of amigo that gave mortgages to illegals???????????????
Why was Walmart not allowed to set up their own creditcard?
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28%??
The only difference I see between BoA and a shylock is the shylock will break your leg if you don’t pay.
The Bank of America won’t, at least not yet.
Just gotta cover the costs of the cards they give to illegals.
draw your own conclusion ping
Isn’t this the same bank giving out free checking accounts to illegal immigrants?
My letter declining their nice offer to raise my rates to 28% went out the next day. Fluck them, their bank and their pi$$ a## credit card.
Yet these same maggots are giving unsecured Mortgage Loans (si, my name is Jose Gonzalez, I make $700K a year) to ILLEGALS!
I recall they were all doing something similar a few years ago to people who kept their cards paid off, adding fees and canceling cards because they weren’t collecting interest on cards that staid paid off. It didn’t last. I have paid $13 in interest over 5 years.
They wouldn’t like us at all. We pay 0% interest rate and get a kickback as well.
BoA just laid him off with ZERO severance.
From the same bank that wanted to give credit cards to illegals without requiring SS numbers or any other validation that they’d be able to make payments or even be contacted to ask for payments.
BoA and its decision makers can rot in hell.
Might be worth a phone call to see if the ever-friendly customer service rep will give you a reduced rate. If not, cancel the card.
I know someone that gets, at least, a couple of zero percent for 6 months upto year cards, every month. He takes the limit( $10-50k/card) and buys CDs. Pulling in like 3K a year.
I gues their mortgages t illegal aliens has backfired and they need the money.
Bank of America became the buyer of two credit cards I had that were issued by MBNA. Two months ago BOA raised the interst rates on these two cards to 29.99%. The balances were not even close to my credit limit and I have not had a late payment on any type of debt in the past 7 years. In fact my credit score is quite good and other credit card issuers are charging finance rates to me barely over single digits.
I called BOA and asked their reasoning, they sent me a form to fill out to request a decrease in rates, which I returned to them. 30 days later they responded with a negative.
Well....I paid off the two cards in full and will never use BOA for any purpose, ever again.
The fear of a bad credit rating is a powerful incentive to pay bills promptly. Once you HAVE a bad credit rating, they can't do much more to you. If the debt is tied to a house or car, they can repossess that, but they can't repossess credit card debt. Jacking up the interest and putting the screws to the debtor WILL result in far more defaults. The banking industry seems intent upon creating a meltdown. Instead of working with debtors, they're mashing them, and debtors WILL quit paying bills at all, once their credit's already crashed.