Bank Of America
Card Rate Doubled to 27.99% After Not Opting Out of Letter

Miscellaneous

Third time this year BofA doubled my interest rate on cards I own. This one is the kicker though. Went from 14.9% @ $187.00 min payment to 27.99% @ $291.00 min payment in one billing cycle. Asked why. Response was because I did not opt out on the "letter" I received in July.

I didn't get any stinking "letter"! No late payments, great credit score (over 700) and bam! This should not be legal in this country! I will definitely be interested in getting in on a class action suit against these loansharks. Am in the process of trying to negotiate my original interest rate with no success. Keep being put on hold and / or transferred to someone else (phone tag) every time I call.


Company: Bank Of America
Country: USA
State: Delaware
City: Wilmington
Address: P.O. Box 15019
Phone: 8007896685
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