I do continue to make payments on it, and I am not behind.
Not a chance. They will sell it to another bank (if you are current) or a collection agency (if you are not).
They may try to impose new terms and conditions less favorable to you and send you a notice. You have a very short time (30 days or less) to object to it in writing. Your opt-out notice should be returned to their designated address by certified mail within the designated time.
I would urge anyone who has a Bank of America credit card to get rid of it as soon as possible. There are far better alternatives out there offered by reputable institutions.