Thread: Is B of A pulling a "Chase" on low interest credit card holders?

The best way to combat this is to vote with your dollars. When a company does something you disagree with stop giving them business and let them know why.

B of A sucks big time. As far as I'm concerned, TARP money should come with rules IMMEDIATELY stopping usurious practices, not waiting for the current bill implementation date. I've been out of work for a year, drawing down my savings and recently running up my sole credit card with them (only with them because of a number of takeovers - I'd never have signed on with them).

I had automatic payments scheduled from my B of A checking account; asked customer service to adjust them to automatically pay the minimum due (only because they assured me they could and would), was under the minimum the next automatic payment, and my rate went to 30%. I told them I was out of work and about the snafu their "customer service" people made, but they wouldn't give me any relief. You bet I'm going to pull my money out.

I put off pulling money from my 401k to pay it because I was expecting a small inheritance which would have paid it, which is about 6 months overdue, and because I believed the President when he said one of the first things he would do would be to allow people to withdraw money from their retirement accounts to pay for emergencies. At this point, that would be cheaper, if he had delivered, instead of propping up the rich bankers abd Wall Street "whiz kids" who got us into this mess.

Get away from B of A at all costs! I'm not kidding; they've learned how to legally screw you over just in the past several years. I've transfered to Schwab (no atm fees worldwide, they dont' scalp exchange rates). for me, schwab is far better