javasaurus: (Default)
javasaurus ([personal profile] javasaurus) wrote2008-02-08 12:45 pm

Rant 2: Bank of America credit card rates

Admittedly, this one doesn't directly affect me, I don't have a Bank of America credit card.

Apparently, Bank of America is really jacking up their credit card rates to as high as 25 or 28%, for customers who make payments on time, and have great credit ratings. They sent the notice out about a month ago, and indicated that you have to notify them by something like Feb 18, in writing, if you intend to close your account and pay-off at the current rates.

read this for more info
dawntreader: (angry)

[personal profile] dawntreader 2008-02-08 07:16 pm (UTC)(link)
28%!?! holy mother!!!!!!!!!!!!

how is that NOT considered loan sharking? my god. here i thought my 21% Sears card i had in the olden days of (what i considered to be) my too-high credit card debt was outrageous. that's absolutely unreal. unfrickenbelievable.

i'm so glad i only have one card. i'm doubly glad is it NOT Bank of America!!!
sparowe: (See)

[personal profile] sparowe 2008-02-08 08:15 pm (UTC)(link)
And to think I'd just applied for one, looking to consolidate and pay off my other small ones. Glad I read this!