“...notifying some responsible cardholders that it would more than double their rates to as high as 28%...”
Holy crap. Pay off those balances folks.
doubled to 28% means they were paying 14%. It’s not like that’s such a good deal.
Cut the cards up first,and pay the balances off.Wonder if these banks are trying to cover some of their bad real estate loans by screwing their other customers.
Sounds like they could give the Mafia lessons.
28% ?!?!?!?!?!
Yup, my credit score is 740, and I have a very low balance ($2,012) on a $22,500 dollar credit limit. Mine jumped to 21%. No more...I’m paying it off this week ,and giving BOM the collective finger.
By BOA, and thanks for nothing.