Complain about a product or service

Bank of America Credit Cards

Bank of America • Credit Cards • Gift Cards • Mortgages • Online Banking • Retail Banking • Private Banking --- News • Plaintiffs File Amended Complaint Against Bank Of America • Bank of America, Chase Rush to Cut Fees as Congress Gets Restless • Bank of America Accused of Stonewalling Investigation • Bank of America, Wells Fargo Hit With Class Action • SEC Fines Bank Of America $33 Million Over Bonuses • Bank Of America Doles Out Countrywide Settlement • Bank of America's Lewis Removed as Chairman • Rest In Peace, Countrywide Financial • Easter Surprise: Bank of America Raises Credit Card Interest Rates • Texas Launches Restitution Program for Countrywide Customers • Bank Of America Sued In Internet Ponzi Scheme • Brown Adds 'Shocking New Details' to Countrywide Allegations • States Sue Countrywide For Mortgage Deception

Kenneth of Mill City OR (11/12/08)
Payment due date falls on a Sunday. I pay by Electronic Funds Transfer and that cannot happen on the weekend. I sent payment on the following Day Monday and was charged a late payment penalty and threatened with raising my intrest rate to the default rate I have been watching my due dates and now I find taht they have changed the regular due date and the new due date falls on a Sunday again.

To my mind this is predatory on the banks side designed to make more money by chargeing late fees and raising the intrest rates on those who feel as I did that when it is impossible to make a payment on the due date do to a weekend or holiday that the next business day would be acceptable for payment. The credit companies should not make a due date that a person cannot make a payment on.

Late payment fee, threatened with default intrest rate, mush anger and furtration in trying to deal directly with the bank.

Holly of Cincinnati, OH November 11, 2008

Holly of Cincinnati OH (11/11/08)
I have had a BOA credit card for years and the due date falls on the 18th or 19th of the month. I have an automated payment set for the 15th of the month and in fact was advised by a BOA representative that I would be safe if I set my payments to this date. Every month in 2008 the due date fell on the 18th or the 19th. Then out of nowhere they change the due date in September 2008 to the 12th. No reason whatsoever, other than they were scrapped for cash and used this scheme to boost their earnings from fees.

I was charged 39 late fee and my interest rate went from 5.9% to 26.99%. I shut down my account and will never bank with BOA again. This was nothing more than a deliberate ploy to trap their consumers with fees and higher interest rates. They did not mind taking our taxpayer dollars for their bailout and then they turn around and screw the very people that keep them in business.

Holly of Cincinnati, OH November 11, 2008

Holly of Cincinnati OH (11/11/08)
I have had a BOA credit card for years and the due date falls on the 18th or 19th of the month. I have an automated payment set for the 15th of the month and in fact was advised by a BOA representative that I would be safe if I set my payments to this date. Every month in 2008 the due date fell on the 18th or the 19th. Then out of nowhere they change the due date in September 2008 to the 12th. No reason whatsoever, other than they were scrapped for cash and used this scheme to boost their earnings from fees.

I was charged 39 late fee and my interest rate went from 5.9% to 26.99%. I shut down my account and will never bank with BOA again. This was nothing more than a deliberate ploy to trap their consumers with fees and higher interest rates. They didn't mind taking our taxpayer dollars for their bailout and then they turn around and screw the very people that keep them in business.

Michelle of Ashland, VA November 10, 2008

Michelle of Ashland VA (11/10/08)
I have had this credit card for just over a year. 3000 credit limit. In September of '08, I had close to a 3000 balance on the card. I paid the entire thing off. November 6, '08, they cut my limit down to 1200, leaving 89 on available credit. They told me that it was based on my credit score and my debt to income ratio. In a year's time, there has been no change in either of these but, these idiots tried to tell me that was the deciding factor. They do it a month after they get there money.

Oh, and they send the letter out AFTER the did it. It was a real blast standing in line at a store, trying to make a large purchase, and it getting denied. These people are a bunch of crooks and theives and I will make sure I tell anyone who asks what I think about Bank of America. Even one of my family members who works for them!

Vicki of Chesterfield, IN November 9, 2008

Vicki of Chesterfield IN (11/09/08)
Received notice on my November Visa statement that my interest rate was increasing from 7.99% fixed to 22.49% variable. I've never been late, always made more than the minimum payment. They said it was because I had a bad credit report from Equifax.

However, my personal bank just checked my FICO score for a car loan and it was well over 700. I also have another card from BofA with an interest rate of 13.99%. I asked the woman if they were going to increase that one too, and she said no, just the Visa account.

I refused the rate increase which means I can't use the card or it will automatically increase to the 22.49%. Limits my buying options and I'm sure will lower my credit rating since I now have less credit. I don't trust BofA at all, and I'm sure my 2nd card will receive the rate increase at some point. When that happens, I'll have to cancel that card as well. I anticipate that my credit score will plummet and I'll not be able to get the high-end things that I need this winter - like 2 furnaces for my home. Aren't there laws against usury?

L of Perris, CA November 6, 2008

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