I heard about it on the news but didnt want to believe it, that bank of america was raising customers rates without reason. I was really worried as I have a balance on my card that I am trying very hard to pay off as soon as I can. I called bank of america a few months ago, asking them if it was true that they are doing. They ASSURED ME that as long as i was paying on time and didn't go over my limit they wouldn't raise my rates. They obviously were LIARS!!!
I have had this card for six or seven years and have had the same fixed rate, a very low fixed rate at that! This letter they send me is saying they are raising my rates to a high VARIABLE rate!!! I cannot believe it! I've been loyal to this card for so long... Pretty much the only one that was used. And now, after the promise of not raising my rates. They SCREW YOU OVER! I am so mad because I am trying so hard to get out of debt and then they go and do this. Granted, so they say, I can pay off the debt under my old apr as long as i dont used the card, which is great. IF i can even believe them.
It's just such a shame, people are really trying hard and this is the LAST thing people need right now. It's like a big smack in the face. Especially to those like me who've never missed a payment and have excellent credit.
All I have to say is Screw You Bank of America. After I pay off my balance, I am never using a card from you again... You just lost ANOTHER loyal customer. Congratulations!!!
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